CELO - CELO/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Change:	-
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Type:	Cryptocurrencies
Ticker:	CELOUSDT
ISIN:

CELO - CELO/USDT - Daily - Technical analysis published on 02/21/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

17%

11%

My opinion

Bullish above 0.788183 USDT

My targets

1.024000 USDT (+20.74%)

1.148000 USDT (+35.36%)

My analysis

The bullish trend is currently very strong on CELO - CELO/USDT. As long as the price remains above the support at 0.788183 USDT, you could try to benefit from the boom. The first bullish objective is located at 1.024000 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.148000 USDT as an objective. Crossing it would then enable buyers to target 1.935200 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

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Joeymeloney. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CELO - CELO/USDT rating is 0.848100 USDT. On the day, this instrument lost -6.67% 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

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

Here is a more detailed summary of the historical variations registered by CELO - CELO/USDT:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily 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 currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.458900	0.680900	0.788183	0.848100	1.148000	1.935200	3.325000
Change (%)	-45.89%	-19.71%	-7.06%	-	+35.36%	+128.18%	+292.05%
Change	-0.389200	-0.167200	-0.059917	-	+0.299900	+1.087100	+2.476900
Level	Minor	Minor	Major	-	Intermediate	Minor	Minor

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.75
MACD (12,26,9):	0.0385
Directional Movement:	17.912864
AROON (14):	71.428572
DEMA (21):	0.847352
Parabolic SAR (0,02-0,02-0,2):	0.734627
Elder Ray (13):	0.052305
Super Trend (3,10):	0.664873
Zig ZAG (10):	0.845300
VORTEX (21):	1.0850
Stochastique (14,3,5):	78.12
TEMA (21):	0.849086
Williams %R (14):	-34.05
Chande Momentum Oscillator (20):	0.123100
Repulse (5,40,3):	-0.0112
ROCnROLL:	1
TRIX (15,9):	0.6615
Courbe Coppock:	14.81

MA7:	0.833714
MA20:	0.795740
MA50:	0.706850
MA100:	0.619033
MAexp7:	0.837433
MAexp20:	0.796564
MAexp50:	0.728039
MAexp100:	0.691286
Price / MA7:	+1.73%
Price / MA20:	+6.58%
Price / MA50:	+19.98%
Price / MA100:	+37.00%
Price / MAexp7:	+1.27%
Price / MAexp20:	+6.47%
Price / MAexp50:	+16.49%
Price / MAexp100:	+22.68%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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