CELO - CELO/USDT - 1H - Technical analysis published on 02/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.870500 USDT
My targets
0.826860 USDT (-2.50%)
0.788183 USDT (-7.06%)
My analysis
CELO - CELO/USDT is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 0.870500 USDT, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 0.826860 USDT. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 0.788183 USDT would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 0.752244 USDT. Beware of a possible return to above the resistance located at 0.870500 USDT which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.8
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This analysis was given by Joeymeloney. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CELO - CELO/USDT price is 0.848100 USDT. The price registered a decrease of -6.67% on the session and was between 0.827300 USDT and 0.909000 USDT. This implies that the price is at +2.51% from its lowest and at -6.70% from its highest.0.827300
0.909000
0.848100
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.752244 | 0.788183 | 0.826860 | 0.848100 | 0.870500 | 0.921300 | 1.148000 |
| Change (%) | -11.30% | -7.06% | -2.50% | - | +2.64% | +8.63% | +35.36% |
| Change | -0.095856 | -0.059917 | -0.021240 | - | +0.022400 | +0.073200 | +0.299900 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.775400 | 0.807100 | 0.857900 | 0.889600 | 0.940400 | 0.972100 | 1.022900 |
| Camarilla | 0.886013 | 0.893575 | 0.901138 | 0.908700 | 0.916263 | 0.923825 | 0.931388 |
| Woodie | 0.784950 | 0.811875 | 0.867450 | 0.894375 | 0.949950 | 0.976875 | 1.032450 |
| Fibonacci | 0.807100 | 0.838615 | 0.858085 | 0.889600 | 0.921115 | 0.940585 | 0.972100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.555767 | 0.633433 | 0.734867 | 0.812533 | 0.913967 | 0.991633 | 1.093067 |
| Camarilla | 0.787048 | 0.803465 | 0.819883 | 0.836300 | 0.852718 | 0.869135 | 0.885553 |
| Woodie | 0.567650 | 0.639375 | 0.746750 | 0.818475 | 0.925850 | 0.997575 | 1.104950 |
| Fibonacci | 0.633433 | 0.701850 | 0.744117 | 0.812533 | 0.880950 | 0.923217 | 0.991633 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.185500 | 0.330800 | 0.532100 | 0.677400 | 0.878700 | 1.024000 | 1.225300 |
| Camarilla | 0.638085 | 0.669857 | 0.701628 | 0.733400 | 0.765172 | 0.796943 | 0.828715 |
| Woodie | 0.213500 | 0.344800 | 0.560100 | 0.691400 | 0.906700 | 1.038000 | 1.253300 |
| Fibonacci | 0.330800 | 0.463201 | 0.544999 | 0.677400 | 0.809801 | 0.891599 | 1.024000 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.37 | |
| MACD (12,26,9): | -0.0084 | |
| Directional Movement: | -13.401802 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.848462 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.865327 | |
| Elder Ray (13): | -0.005613 | |
| Super Trend (3,10): | 0.882372 | |
| Zig ZAG (10): | 0.847900 | |
| VORTEX (21): | 0.8380 | |
| Stochastique (14,3,5): | 41.75 | |
| TEMA (21): | 0.840005 | |
| Williams %R (14): | -64.83 | |
| Chande Momentum Oscillator (20): | -0.028100 | |
| Repulse (5,40,3): | 0.2118 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1327 | |
| Courbe Coppock: | 7.32 |
| MA7: | 0.833714 | |
| MA20: | 0.795740 | |
| MA50: | 0.706850 | |
| MA100: | 0.619033 | |
| MAexp7: | 0.849182 | |
| MAexp20: | 0.858758 | |
| MAexp50: | 0.862494 | |
| MAexp100: | 0.850827 | |
| Price / MA7: | +1.73% | |
| Price / MA20: | +6.58% | |
| Price / MA50: | +19.98% | |
| Price / MA100: | +37.00% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -1.24% | |
| Price / MAexp50: | -1.67% | |
| Price / MAexp100: | -0.32% |
Quotes :
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Real time data
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Cryptocompare
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