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Celobtclong

#Celo coin market structure analysis#CELO The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it. We have a bounce from the lower boundary of the descending channel. This support is at 0.262. We have a downtrend on the RSI indicator that is about to break and retest, supporting the upside. There is a major support area in green at 0.253, which represents a strong basis for the upside. Don't forget a simple thing: ease and capital. When you reach the first target, save some money and then change your stop-loss order to an entry order. For inquiries, please leave a comment. We have a trend to hold above the 100 Moving Average. Entry price: 0.265 First target: 0.268 Second target: 0.273 Third target: 0.279 Don't forget a simple thing: ease and capital. When you reach your first target, save some money and then change your stop-loss order to an entry order. For inquiries, please leave a comment. Thank you.
Long
by CryptoAnalystSignal
Celo is a hidden winner!Hi Guys Fundamental analysis suggests Celo with their smart phone focus for encouraging mass adaption of crypto could be one to watch, right now it has seen some serious gains, gaining over 167.8% compared to bitcoin in the last few days. It has lost some of those gains but I believe we are just at the beginning of what could be an even bigger bullish run. Technical analysis on the CELO/BTC chart suggests we are seeing some serious interest in the form of volume, bullish price surges have been noticeably higher than bearish prices drops in the current parallel channel Celo has been forming, we've retested the upper boundary of the channel 5 times and only twice on the lower boundary. If we break the upper boundary convincingly their are a few resistance points to look out for but the closest strong resistance would be between 0.000197 to 0.000245. These points may be a good point to take profit or convert some of those gains to bitcoin. Of course, depending on your risk management, there are higher resistance points that Celo could reach which would mean even greater gains: 0.00029; 0.00036; 0.00049. As with all alt coins, monitor closely and be prepared for big swings up and down; I think this could be a big winner, I also think that it is very overlooked, which is the best point to buy, when everyone starts talking about it then you're probably close to a topping out, maybe not a full crash but a strong correction. What do you guys think, is this just a brief pump or dump or has this got fundamental value that is just recently being recognized in the chart? I've been keeping an eye on Celo before it's big pump and the fundamentals say to me this run is not over, not by a long shot, would love to hear your comments.. *Disclaimer: Not financial advice, please do your own research before investing.
Long
by cmpkpersonal