- Celo Bulls showcasing strength, Holders might smile in the near future.
- Celo price continues to stay above all significant moving averages, buyers might get interested.
- CELO/BTC is trading at 0.00010558 BTC with an intraday loss of -8.45% while CELO/ETH is trading at 0.00159510 ETH with an intraday loss of -4.92%.
Celo Price is currently trading above all the significant 50, 100, and 200-day moving averages. The 100-day moving average has recently crossed the 200-day moving average and the price has also taken support at the 50-day moving average. This clearly indicates that the bulls are in power and if the price continues to stay above all the mentioned moving averages, we might see a price rise in the Celo coin.
The relative strength index(RSI) is also indicating a bullish momentum with the RSI line making a bounce above the normal zone. The buyers might show interest in this zone and the RSI line is expected to move further up.
The moving average convergence divergence is also referring to a bullish momentum with both the MACD and the signal line above standing above the zero line. The MACD line is making a curve and if it manages to cross the signal line from the bottom we will see the histogram creating green bars thereby taking the price of Celo up.
The Fibonacci indicator is suggesting resistance levels at $6.460, $7.089, $7.890. The immediate support indicated by the Fibonacci is $6.018. The next support levels are the $5.577, $5.030, $4.147 price levels.
NOTE: The moving averages of 50, 100, and 200 are in color Yellow, White, and Red.
The MACD line is colored Blue while the signal line is colored Red.
The important support and resistance levels to keep an eye on are:
SUPPORT: $6.018, $5.577, $5.030, $4.147
RESISTANCE: $6.460, $7.089, $7.890.
TAKEAWAY: Considering the technicals mentioned above, if the price manages to defend the support levels mentioned, we might see CELO smashing resistances in the days to come.