CELO - CELO/USDT - 1H - Technical analysis published on 02/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 0.788183 USDT
My targets
0.842200 USDT (+0.84%)
0.890200 USDT (+6.59%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.788183 USDT remains possible. It is advisable to trade CELO - CELO/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.788183 USDT. The next bullish objective for buyers is set at 0.842200 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.890200 USDT. If there is any crossing, the next objective would be the resistance located at 1.001000 USDT. PS: if there is a bearish break in the support located at 0.788183 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.1
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Additional analysis
Quotes
The CELO - CELO/USDT rating is 0.835200 USDT. On the day, this instrument gained +0.48% with the lowest point at 0.826300 USDT and the highest point at 0.862600 USDT. The deviation from the price is +1.08% for the low point and -3.18% for the high point.0.826300
0.862600
0.835200
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CELO - CELO/USDT:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CELO - CELO/USDT indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 9 are neutral and 4 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.704290 | 0.752244 | 0.788183 | 0.835200 | 0.842200 | 0.890200 | 1.001000 |
| Change (%) | -15.67% | -9.93% | -5.63% | - | +0.84% | +6.59% | +19.85% |
| Change | -0.130910 | -0.082956 | -0.047017 | - | +0.007000 | +0.055000 | +0.165800 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Minor |
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 | 0.686033 | 0.719467 | 0.775333 | 0.808767 | 0.864633 | 0.898067 | 0.953933 |
| Camarilla | 0.806643 | 0.814828 | 0.823014 | 0.831200 | 0.839386 | 0.847572 | 0.855758 |
| Woodie | 0.697250 | 0.725075 | 0.786550 | 0.814375 | 0.875850 | 0.903675 | 0.965150 |
| Fibonacci | 0.719467 | 0.753579 | 0.774654 | 0.808767 | 0.842879 | 0.863954 | 0.898067 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.566933 | 0.635167 | 0.709733 | 0.777967 | 0.852533 | 0.920767 | 0.995333 |
| Camarilla | 0.745030 | 0.758120 | 0.771210 | 0.784300 | 0.797390 | 0.810480 | 0.823570 |
| Woodie | 0.570100 | 0.636750 | 0.712900 | 0.779550 | 0.855700 | 0.922350 | 0.998500 |
| Fibonacci | 0.635167 | 0.689716 | 0.723417 | 0.777967 | 0.832516 | 0.866217 | 0.920767 |
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): | 55.56 | |
| MACD (12,26,9): | 0.0051 | |
| Directional Movement: | 4.515993 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.846426 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.851102 | |
| Elder Ray (13): | 0.000559 | |
| Super Trend (3,10): | 0.821642 | |
| Zig ZAG (10): | 0.842800 | |
| VORTEX (21): | 1.1405 | |
| Stochastique (14,3,5): | 44.17 | |
| TEMA (21): | 0.844338 | |
| Williams %R (14): | -53.72 | |
| Chande Momentum Oscillator (20): | -0.001400 | |
| Repulse (5,40,3): | 0.6282 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1216 | |
| Courbe Coppock: | 0.31 |
| MA7: | 0.791371 | |
| MA20: | 0.775875 | |
| MA50: | 0.683882 | |
| MA100: | 0.606753 | |
| MAexp7: | 0.841543 | |
| MAexp20: | 0.838407 | |
| MAexp50: | 0.824800 | |
| MAexp100: | 0.807356 | |
| Price / MA7: | +5.54% | |
| Price / MA20: | +7.65% | |
| Price / MA50: | +22.13% | |
| Price / MA100: | +37.65% | |
| Price / MAexp7: | -0.75% | |
| Price / MAexp20: | -0.38% | |
| Price / MAexp50: | +1.26% | |
| Price / MAexp100: | +3.45% |
Quotes :
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Real time data
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Cryptocompare
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