CELO - CELO/USDT - 1H - Technical analysis published on 02/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 0.808000 USDT
My targets
0.842200 USDT (+2.48%)
0.890000 USDT (+8.30%)
My analysis
The bullish trend is currently very strong on CELO - CELO/USDT. As long as the price remains above the support at 0.808000 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.842200 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.890000 USDT as an objective. Crossing it would then enable buyers to target 1.001000 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7
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This analysis was given by Joeymeloney. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CELO - CELO/USDT rating 0.821800 USDT. The price has increased by +0.53% since the last closing with the lowest point at 0.784100 USDT and the highest point at 0.846200 USDT. The deviation from the price is +4.81% for the low point and -2.88% for the high point.0.784100
0.846200
0.821800
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CELO - CELO/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.762825 | 0.784677 | 0.808000 | 0.821800 | 0.823200 | 0.842200 | 0.890000 |
| Change (%) | -7.18% | -4.52% | -1.68% | - | +0.17% | +2.48% | +8.30% |
| Change | -0.058975 | -0.037123 | -0.013800 | - | +0.001400 | +0.020400 | +0.068200 |
| Level | Major | Intermediate | 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 | 0.729633 | 0.748567 | 0.783033 | 0.801967 | 0.836433 | 0.855367 | 0.889833 |
| Camarilla | 0.802815 | 0.807710 | 0.812605 | 0.817500 | 0.822395 | 0.827290 | 0.832185 |
| Woodie | 0.737400 | 0.752450 | 0.790800 | 0.805850 | 0.844200 | 0.859250 | 0.897600 |
| Fibonacci | 0.748567 | 0.768966 | 0.781568 | 0.801967 | 0.822366 | 0.834968 | 0.855367 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.587400 | 0.634900 | 0.720900 | 0.768400 | 0.854400 | 0.901900 | 0.987900 |
| Camarilla | 0.770188 | 0.782425 | 0.794663 | 0.806900 | 0.819138 | 0.831375 | 0.843613 |
| Woodie | 0.606650 | 0.644525 | 0.740150 | 0.778025 | 0.873650 | 0.911525 | 1.007150 |
| Fibonacci | 0.634900 | 0.685897 | 0.717403 | 0.768400 | 0.819397 | 0.850903 | 0.901900 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.167667 | 0.316533 | 0.524967 | 0.673833 | 0.882267 | 1.031133 | 1.239567 |
| Camarilla | 0.635143 | 0.667895 | 0.700648 | 0.733400 | 0.766153 | 0.798905 | 0.831658 |
| Woodie | 0.197450 | 0.331425 | 0.554750 | 0.688725 | 0.912050 | 1.046025 | 1.269350 |
| Fibonacci | 0.316533 | 0.453022 | 0.537345 | 0.673833 | 0.810322 | 0.894645 | 1.031133 |
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): | 52.47 | |
| MACD (12,26,9): | 0.0045 | |
| Directional Movement: | -3.495733 | |
| AROON (14): | 7.142857 | |
| DEMA (21): | 0.823914 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.787752 | |
| Elder Ray (13): | -0.006423 | |
| Super Trend (3,10): | 0.793358 | |
| Zig ZAG (10): | 0.820100 | |
| VORTEX (21): | 0.9697 | |
| Stochastique (14,3,5): | 52.12 | |
| TEMA (21): | 0.823602 | |
| Williams %R (14): | -43.32 | |
| Chande Momentum Oscillator (20): | 0.009400 | |
| Repulse (5,40,3): | 0.7573 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1063 | |
| Courbe Coppock: | 2.16 |
| MA7: | 0.791986 | |
| MA20: | 0.756215 | |
| MA50: | 0.625736 | |
| MA100: | 0.595620 | |
| MAexp7: | 0.820508 | |
| MAexp20: | 0.817316 | |
| MAexp50: | 0.808481 | |
| MAexp100: | 0.798537 | |
| Price / MA7: | +3.76% | |
| Price / MA20: | +8.67% | |
| Price / MA50: | +31.33% | |
| Price / MA100: | +37.97% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.55% | |
| Price / MAexp50: | +1.65% | |
| Price / MAexp100: | +2.91% |
Quotes :
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Real time data
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