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CGLDUSD

Cello Breakout Imminent? After touching the highs from late Janruary, Cello has consolidated on the previous resistence at $3.50 and looks to be coiling for a major breakout. We need to find acceptance and consolidation around $4.00 before all time highs can be taken out. Volume has dropped substantially so we should see some movement either way in the next day or two. There is a good chance of a back test of the trend line support that has been driving this move since early January. You can try and enter there on a back test or look for the increased volume and try and follow the trend. Targets: $4.00 / $4.85 Stops: $3.10
COINBASE:CGLDUSDLong
by itsenbay
5
The pump will happen any day now.I've been meaning to post this for the past few days.. Look at the RSI. This would lead me to believe that a large investor is buying large amounts when the RSI drops. I've seen this sort of movement in other bull runs. There have been a few things I've noticed that are unusual: 1. I've noticed a huge increase of liquidity on the order books. 2. We usual come right back down to the trend line, but this time we've been hovering above it for the past few days. 3. Large amounts of volume It feels like something is in the works... but it's impossible to tell when something will happen. This is one of those coins when it goes 2x and you look at the graph in hindsight and kick yourself for not buying in! Worse case scenario (as long as market doesn't crash) -> We go sideways for the next week and hit the trend line again.
COINBASE:CGLDUSDLong
by csdailey
12
Fourth Times the Charm for Cello? CGLDUSD Finally Breaks Out?Thesis: Since it's first dramatic price spike of 2021 Cello has slowly been building an ascending triangle pattern with $3.50 - $3.60 forming the top. Cello has rejected all 3 previous attempts to hold $3.50 returning to back to its trend line. Catalyst : The triangle pattern has run out of room and stronger volume has returned to push Cello over $3.50 for the forth time. Trade: Enter on a back test of the $3.50 - $3.60 area if there is decreasing selling volume as price approaches those levels. Stops: Stops can be at either $3.40 or $3.20 depending on your risk. Exit: Take 50% of trade off at all time highs and let the rest run with trailing stop.
COINBASE:CGLDUSDLong
by itsenbay
2
Can it break out & key resistances to watch for next*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
COINBASE:CGLDUSD
by Art0fChart5