CELOUSDT trade ideas
Is it time to play the CELO at support?🎶''Global payments infrastructure built for mobile''.
Blockchain payments combined with mobile phones is music to our ears.🎶
Can CELO finally play the tunes though?🎺
With the recent great news from Germany and the price finally at support, today could be a great entry for a long term hold or a short term leveraged trade.
Celo is global payments infrastructure that makes financial tools accessible to anyone with a mobile phone.
www.coindesk.com
#NEWS #CELO/USDT - Potential 71%#NEWS
#CELO/USDT
BUYZONE - 5.5 - 4.53
TP1 - 5.87
TP2 - 6.46
TP3 - 7.24
TP4 - 9.39
SL - 3.72
- Now you can pay with $CELO everywhere Visa® Debit Cards are accepted in the US! Starting today, Moon now supports CELO payments through Coinbase.
- The @CeloOrg Donut Hardfork is set to activate on Mainnet at Block Number 6774000, which will be on May 19th, 2021.
CELOUSDT (CELO) - BULLISH UPDATE ANALYSIS 🔎
- This is an update on my previous analysis on CELOUSDT that got invalidated.
- CELOUSDT has been on a mid-term uptrend.
- The uptrend is supported by the ascending trendline support (ATS).
- Price hit a swing high and retraced.
- The retracement is resisted by the descending trendline resistance (DTR).
- Breakout above the descending trendline resistance could be a bullish signal.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance.
- Retest of the descending trendline resistance after the breakout.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support.
CELOUSDT h4The chart is trapped between two trend lines,one ascending and one descending.With another attitude we can realize that the chart formed a triangle pattern.If the the chart breaks the higher side of the triangle,it is probable that it will go high as our target but we should be careful about those resistances.If it breaks the lower side it would go down but those supports may support the chart and that would make an opportunity to open a long position down there.
CELOUSDT cup&handle#CELOUSDT price is above middle line of parallel channel, also there is a Cup & Handle pattern that shows the upward move
CELOUSDT (CELO) - BULLISH SETUP ANALYSIS 🔎
- CELOUSDT has been on a mid-term uptrend.
- The uptrend is supported by the ascending trendline support (ATS).
- Price tested the ascending trendline support.
- Price action is printing a pennant (P) pattern.
- A pennant pattern is a trend continuation pattern.
- A bullish continuation pattern in this case.
- There's a breakout potential.
BUY ENTRY ⬆️
- Stop limit entry : breakout above the pennant pattern's inclined resistance.
- Limit entry : test of the pennant pattern's inclined support.
- Market entry : current market price (CMP).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support and the horizontal support level (S1).
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CELO - D - x6 from nowCELO still in really good entry to buy and hodl
Buy now: $4.6 to $4.1
Stoploss no
Take profit: $8.6 - $24
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CELO/USDT Move incomingCelo has broken back into the rising channel after a solid pump. Within the next 4-8hrs a trend for celo will be established. If the bottom trend line of the channel holds it will prove to be a good entry area. If the price drops and closes below the bottom trend line then we could see further side ways action. A good entry to accumulate celo is the .5 fib level since it has proven to be strong support. If price falls below that, then celo will be in a short term bearish trend
Celo has formed cypher pattern with shooting star candlecypher harmonic pattern:
AB=0.61 XA
BC=1.41 AB
tp1=0.78 XA=$3.88
tp2=1.13 BC=$2.95 *$2.5 maybe sufficient target*
tp3=1.6 BC=$2
tp4=2 BC=$1.5
