Londinia Opportunities Analyses - 04/30/2024 (GMT) CELO - CELO/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | CELOUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 0.803068 USDT
My targets
0.752675 USDT (-4.15%)
0.693309 USDT (-11.71%)
My analysis
CELO - CELO/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.803068 USDT. The next support located at 0.752675 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.693309 USDT. Below this support, sellers could then target 0.623019 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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Additional analysis
Quotes
The CELO - CELO/USDT price is 0.785228 USDT. The price is lower by -3.80% since the last closing with the lowest point at 0.778651 USDT and the highest point at 0.826444 USDT. The deviation from the price is +0.84% for the low point and -4.99% for the high point.0.778651
0.826444
0.785228
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of CELO - CELO/USDT in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.623019 | 0.752675 | 0.784433 | 0.785228 | 0.803068 | 0.846171 | 0.873611 |
| Change (%) | -20.66% | -4.15% | -0.10% | - | +2.27% | +7.76% | +11.26% |
| Change | -0.162209 | -0.032553 | -0.000795 | - | +0.017840 | +0.060943 | +0.088383 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.740673 | 0.762553 | 0.789389 | 0.811269 | 0.838105 | 0.859985 | 0.886821 |
| Camarilla | 0.802828 | 0.807294 | 0.811759 | 0.816225 | 0.820691 | 0.825156 | 0.829622 |
| Woodie | 0.743151 | 0.763792 | 0.791867 | 0.812508 | 0.840583 | 0.861224 | 0.889299 |
| Fibonacci | 0.762553 | 0.781163 | 0.792660 | 0.811269 | 0.829879 | 0.841376 | 0.859985 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.607906 | 0.693309 | 0.763136 | 0.848539 | 0.918366 | 1.003769 | 1.073596 |
| Camarilla | 0.790276 | 0.804505 | 0.818735 | 0.832964 | 0.847193 | 0.861423 | 0.875652 |
| Woodie | 0.600119 | 0.689415 | 0.755349 | 0.844645 | 0.910579 | 0.999875 | 1.065809 |
| Fibonacci | 0.693309 | 0.752607 | 0.789241 | 0.848539 | 0.907837 | 0.944471 | 1.003769 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.118902 | 0.560175 | 0.902902 | 1.344175 | 1.686902 | 2.128175 | 2.470902 |
| Camarilla | 1.030028 | 1.101895 | 1.173761 | 1.245628 | 1.317495 | 1.389361 | 1.461228 |
| Woodie | 0.069628 | 0.535539 | 0.853628 | 1.319539 | 1.637628 | 2.103539 | 2.421628 |
| Fibonacci | 0.560175 | 0.859663 | 1.044687 | 1.344175 | 1.643663 | 1.828687 | 2.128175 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.03 | |
| MACD (12,26,9): | -0.0057 | |
| Directional Movement: | -22.631855 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.799926 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.821415 | |
| Elder Ray (13): | -0.019248 | |
| Super Trend (3,10): | 0.817946 | |
| Zig ZAG (10): | 0.785883 | |
| VORTEX (21): | 0.8896 | |
| Stochastique (14,3,5): | 15.15 | |
| TEMA (21): | 0.798700 | |
| Williams %R (14): | -84.96 | |
| Chande Momentum Oscillator (20): | -0.034998 | |
| Repulse (5,40,3): | -2.3887 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0589 | |
| Courbe Coppock: | 2.56 |
| MA7: | 0.819113 | |
| MA20: | 0.829089 | |
| MA50: | 1.046276 | |
| MA100: | 0.946146 | |
| MAexp7: | 0.799056 | |
| MAexp20: | 0.807226 | |
| MAexp50: | 0.815546 | |
| MAexp100: | 0.822447 | |
| Price / MA7: | -4.14% | |
| Price / MA20: | -5.29% | |
| Price / MA50: | -24.95% | |
| Price / MA100: | -17.01% | |
| Price / MAexp7: | -1.73% | |
| Price / MAexp20: | -2.73% | |
| Price / MAexp50: | -3.72% | |
| Price / MAexp100: | -4.53% |
Quotes :
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Real time data
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