CELOUSDT Bulls Eye the Next Technical Resistance
Login

CELOUSDT Bulls Eye the Next Technical Resistance

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more



The CELOUSDT daily market has extended its upward retracement today by 4.15% as of the time of writing. Additionally, indications arising from the technical indicators used in studying the market are positively biased. Consequently, this suggests that buyers may still have the momentum to propel the market.

CELO Statistics:
Celo Price: $0.8619
Celo Market Capitalization: $479.27M
CELO Circulating Supply: 550.97M
CELO Total Supply: 1B CELO
Celo CoinMarketCap Rank: 132

Key Price Levels:
Resistance: $0.9000, $1.0000, $1.1000
Support: $0.8500, $0.8000, $0.7000

CELOUSDT Bulls Eye the Next Technical Resistance CELOUSDT Price Movement Resumes Upside Retracement

Over recent trading sessions, the CELOUSDT market has seen considerable gains of bullish traction that brought its price action through the resistance at the $0.7000 price level. The market soon found support above that threshold and has continued in the upward direction, recording an additional price increase of 4.15% today.

This keeps price activity in this market hugging the uppermost limit of the Bollinger Bands. The latest price candle on the chart is still green, indicating that upside forces are still dominant. Likewise, the Stochastic Relative Strength Index (Stochastic RSI) indicator lines are still rising upwards following the latest bullish crossover above the 60 level of the indicator.

CELOUSDT Bulls Eye the Next Technical Resistance

CELO Buyers Seem Aiming at the $0.9000 Threshold Level

The CELOUSDT 4-hour market seems set on rising further. The last price candle here has revealed that upside retracement is getting stronger. The latest price candle has appeared as a green and conspicuous price candle. This has pushed the market further upwards against the uppermost limit of the Bollinger Bands. What’s more, is that no significant downward rejection has occurred due to this.

Also, the Stochastic RSI lines can be seen still rising into the overbought region, suggesting that upside forces are still retaining their general dominance. The leading line of the Stochastic RSI indicator can be seen as slightly deflected from a straight upward path. This hints that traders may still use crypto signals targeting the $0.9000 mark but should ensure necessary protective measures against a downward rejection.

Start using a world-class auto trading solution.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News