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Celo (CELO) Technical Analysis: How High Will CELO Price be by The End of March’22?

Celo Technical Analysis

Key Takeaways

Celo (CELO) Technical-Analysis for Today: 25 March 2022

The Celo price flipped the bearish divergence a couple of days before and since then followed a substantial uptrend. Currently, the price seems to be poised to maintain a notable uptrend but an interim pullback could challenge the strength of the rally. However, slashing the odds, the CELO price could ignite a strong flip at $3 and quickly ignite a strong rebound to $3.2 to end the day’s trade. 

Celo (CELO) Technical Analysis at a Glance

Despite the CELO price is still within the captivity of the bears, the asset is attempting very hard to break the consolidation. And hence the asset may continue with an uptrend, accumulating huge bullish momentum. Further, it could continue with the narrow swing until it receives a decent opportunity for a breakout. Therefore, settling high, validating a bullish trend to close the quarterly trade. 

Short-Term The price is currently dropping towards the lower support may be due to exhaustion following a significant surge. However, the selling volume is currently low that may flip the descending trend quickly
Mid-Term The sellers are attempting very hard to restrict the price below $3.1, yet the asset appears to assure a daily close above $3.2 to maintain a notable uptrend
Long-Term In the long-term the price is extremely bullish, maintaining a strong uptrend as the buying volume keeps on accumulating

Additional Read: What is CELO?

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators Value(1Hr / 1D) Action (1Hr / 1D)
Relative Strength Index(RSI) 59.53 / 60.992 Buy / Buy 
MACD(12,26) 0.025 / 0.091 Buy / Buy
Average Directional Index(ADX) 35.11 / 22.72 Buy / Buy 
Bull-Bear Power 0.0610 / 0.4180 Buy / Buy

Pivot Levels

Pivot Levels Short-Term Long-term
Moving Average(MA)-50 $3.10 $2.81
Moving Average(MA)-200 $3.00 $4.55
Resistance $3.33 $4.6
Support $2.87 $2.1

Oscillators

Oscillators Short-Term Long-Term
Stochastic Oscillator 74.89 41.48
Ultimate Oscillator 56.02 51.32
Average True Range(ATR) 0.043 0.26
CCI 106.68 93.57

The CELO price is quite bullish in both the time frames and hence the price may keep up the uptrend slowly yet steadily. RSI in STF and HTF is ranging high, while huge buying volume is mounting with intensified rally strength. However, the asset has less volatility in STF while in the HTF, it is highly volatile. Moreover, the bulls hold control as the price has surpassed the immediate resistance and heading towards the decisive phase. 

CELO /USDT Technical-Analysis for Short-Term

Source: Tradingview

CELO /USDT Technical-Analysis for Long-Term

Source: Tradingview

Additional Read: CELO Price Prediction

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The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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