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CELOUSD trade ideas

Crypto Market & CGLDUSD Technical Analysis & Predictions 2/25/21*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
COINBASE:CGLDUSD
by CryptoRush_
Dynamic CGLD/USD Potential 73% Profits Channel Swing!Tonight I am looking at Celo (CGLD/USD) and a dynamic opportunity to make a HUGE 73% profit in the wake of BTC entering its 5th Elliott Wave. I anticipate CGLD to run with the bulls and make tremendous gains, beginning within the confines of this ascending channel. All eyes on Bitcoin. Get in below $4.00 for a big 45% gain, and be prepared to let it ride up in the sell zone and possibly beyond into ultra sell territory! Then...you're on your own ;) Not financial advice; trade at your own risk. Use a stop loss to mitigate that risk. If you have patience and you like big wins and big money, follow me. I track all 37 USD-paired cryptos on Coinbase and seek out the potentially most lucrative swings. Safe trading to all! Jalapablo
COINBASE:CGLDUSDLong
by jalapablo
7
Going flat is usually a bad thing for CGLDIn my opinion: This usually means the whales have too much control over the volatility and they are minmaxing it (Big buys and sells on both sides), which means it's lost momentum. On the bullish case: We are being held at a very high price. CGLD doesn't like to be held up without a reason.. We also have not made a lower low. Until then, bullish case is still strong. If it drops below $5.1, I'd expect to eventually hit the trend line. Note: FYI at this moment only 5% of my portfolio has CGLD, down from 100%.
COINBASE:CGLDUSD
by csdailey
4
A Nervous Weekend for Alt-coins, Will Cello Hold?After Bitcoin failed to break 50k this weekend, many people were wondering if crypto had topped out. Over the last 24 hours there were 1.6 Billion dollars in liquidations of various crypto currencies. Once these positions were liquidated buyers were able to hold the bid and restarted the bullish climb to recovery what was lost. Even though Cello is not able to be traded with margin on many platforms and does not have derivative products to use it still felt the pressure from broad based sell off. Luckily at key demand areas buyers jumped back and pushed the price back into the "consolidation zone". As mentioned in the previous ideas linked to this one, this was the dip to buy. Even in during the downturn key trend line supports were not broken. This is price action is bullish. If this was a sell off to push Cello back into its previous ranges before the breakout we would have seen the trend line fail and our demand levels broken quickly and on high volume. The last low made was done on high volume and left a very long wick. This is indicative of motivated buyers coming into the market due to the price being unfair in the buyers favor. Essentially, sellers pushed price down too far and too fast and buyers couldn't resist getting back into Cello at that low of a price So Where Are We Going? Short Answer. We are going up. You should already be positioned and hopefully loaded up some more during that sell off. If not rely on the yellow dashed lines for support/resistance areas that could lend themselves to good entries. Cello will backtest levels before pushing higher, patience is key to finding these entry points. If you are currently down from your entry, this is a fantastic lesson that entry points matter. If able you should look into adding more Cello during backtests of key support levels. Key Levels Ahead: Resistance: $4.50 $4.70 $5.00 There are some minor supply levels between there but I believe these levels will be tested over the next week.
COINBASE:CGLDUSDLong
by itsenbay
1
CELOUSD (CELO) - UPTREND CONTINUATION ANALYSIS 🔎 - CELOUSD brokeout above the bullish flag resistance and hit an ATH. - The market is currently undergoing retracement. - Price is testing the flip horizontal support, 0.618 fibonacci retracement level and ascending trendline support. - The retracement is resisted by the descending trendline resistance. - There's an uptrend continuation possibility. BUY ENTRY ⬆️ - Aggressive entry (risky) : market price (now). - Conservative entry : breakout above the descending trendline resistance. TARGETS 🎯 - Horizontal resistance level (R1). - ATH (all-time high) resistance. - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending trendline support and 0.786 fibonacci retracement level.
BINANCE:CELOUSDLong
by Chibuike_Odoh
2
Cello's Big Move! Consolidation and Beyond!One of the things you will hear about trading is how your patience is rewarded when you find a good set up. But sometimes you get rewarded without having to be patient at all. This case seems to be the latter. A quick review of the set up and break out and we will then discuss what has happened since the breakout and what we can expect next. The Set Up: On 2/6 we discussed the strongly developed ascending triangle that Cello's chart was showing us. This is a bullish pattern was met with increased volume leading us to believe a breakout was imminent. We noted the strong trend line support as an excellent entry point for the trade as well as giving us a natural location to place a stop if Cello failed to breakout. Sure enough we had two entry opportunities to take advantage of. By 2/9 we were back looking at the buyers eating through the supply at $3.50 and waiting for the upside push or the breakdown of the trend line below it. By the afternoon Cello had pushed through the supply and kept moving up breaking $5.00 and finally reaching a high of $5.6453. There plenty of places to take some risk off during the climb. This is important to capture some profits on a strong upside move in case it ends up breaking down when sellers being to enter the market. From the two entries provided from the 2/6 Idea post to the highs of the breakout returns were 70% and 80% respectively. Not Bad! The Aftermath: I am using a 30 minute chart to show some lower time frame structure that will help illustrate the price discovery that is occurring in the new trading range post break out. After we reached highs we moved into a neutral triangle pattern as we pushed price both up and down figuring out where the strong supply and demand zones were. Late on 2/10 we see the breakdown of the triangle and strong demand step in at $4.35 - $4.40. This is a high lower than the base of the impulse up to the new highs which is a bullish trending sign. We spent the next 24 hours in an upward channel heading towards the top of our range at $5.00. This consolidation between $4.35 - $5.00 will help set the base for the next move. What's Next: Consolidation is price action that neither continues or reverse the trend. So until we see a volume increase at the top or bottom of the range I would expect to see price bounce between the edges. How to Trade: A simple trade is going to be buying at $4.35-$4.40 and/or selling at $5.00. Stops would be located below or above these supply and demand areas. In order for a breakout or breakdown to occur we will need a significant volume increase. Note how low volume is compared to the high volume that was needed to move price through previous supply areas. Wrapping it Up: One of the most important things you can do as a trader is examine both what went right and wrong for your trades. Cello did what we expected it to do resulting in a significant price move and potentially some nice profits if you took risk off during its move up. There are still opportunities to enter the stock if you would like to get long. I will update on this post as long as we are consolidating. If a new trend starts to emerge I will let you all know. Thank you for the great feedback, likes and follows!
COINBASE:CGLDUSD
by itsenbay
3