CELO - CELO/USDT - Daily - Technical analysis published on 04/01/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
67%
6%
28%
My opinion
Bullish above 3.14 USDT
My targets
3.99 USDT (+19.82%)
4.45 USDT (+33.63%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CELO - CELO/USDT as long as the price remains well above 3.14 USDT. The buyers' bullish objective is set at 3.99 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.45 USDT. If there is any crossing, the next objective would be the resistance located at 5.61 USDT.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.8
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Additional analysis
Quotes
The CELO - CELO/USDT price is 3.33 USDT. The price has increased by +0.30% since the last closing and was between 3.18 USDT and 3.40 USDT. This implies that the price is at +4.72% from its lowest and at -2.06% from its highest.3.18
3.40
3.33
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this CELO - CELO/USDT chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.40 | 3.14 | 3.33 | 4.45 | 5.61 | 7.25 |
| Change (%) | -27.93% | -5.71% | - | +33.63% | +68.47% | +117.72% |
| Change | -0.93 | -0.19 | - | +1.12 | +2.28 | +3.92 |
| Level | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.86 | 3.05 | 3.18 | 3.37 | 3.50 | 3.69 | 3.82 |
| Camarilla | 3.23 | 3.26 | 3.29 | 3.32 | 3.35 | 3.38 | 3.41 |
| Woodie | 2.84 | 3.04 | 3.16 | 3.36 | 3.48 | 3.68 | 3.80 |
| Fibonacci | 3.05 | 3.17 | 3.24 | 3.37 | 3.49 | 3.56 | 3.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.43 | 2.61 | 2.87 | 3.05 | 3.31 | 3.49 | 3.75 |
| Camarilla | 3.02 | 3.06 | 3.10 | 3.14 | 3.18 | 3.22 | 3.26 |
| Woodie | 2.48 | 2.63 | 2.92 | 3.07 | 3.36 | 3.51 | 3.80 |
| Fibonacci | 2.61 | 2.78 | 2.88 | 3.05 | 3.22 | 3.32 | 3.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.03 | 1.70 | 2.51 | 3.18 | 3.99 | 4.66 | 5.47 |
| Camarilla | 2.91 | 3.05 | 3.18 | 3.32 | 3.46 | 3.59 | 3.73 |
| Woodie | 1.10 | 1.74 | 2.58 | 3.22 | 4.06 | 4.70 | 5.54 |
| Fibonacci | 1.70 | 2.27 | 2.62 | 3.18 | 3.75 | 4.10 | 4.66 |
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): | 60.00 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 20.02 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 3.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.75 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 2.67 | |
| Zig ZAG (10): | 3.32 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 58.10 | |
| TEMA (21): | 3.45 | |
| Williams %R (14): | -47.00 | |
| Chande Momentum Oscillator (20): | 0.45 | |
| Repulse (5,40,3): | -1.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6700 | |
| Courbe Coppock: | 40.72 |
| MA7: | 3.32 | |
| MA20: | 3.01 | |
| MA50: | 2.82 | |
| MA100: | 3.47 | |
| MAexp7: | 3.29 | |
| MAexp20: | 3.09 | |
| MAexp50: | 3.05 | |
| MAexp100: | 3.37 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | +10.63% | |
| Price / MA50: | +18.09% | |
| Price / MA100: | -4.03% | |
| Price / MAexp7: | +1.22% | |
| Price / MAexp20: | +7.77% | |
| Price / MAexp50: | +9.18% | |
| Price / MAexp100: | -1.19% |
Quotes :
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Real time data
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