CELO resumed a bearish momentum on Wednesday, as the cryptocurrency erased most of the gains it accrued in April.
The payments cryptocurrency fell below the $4.000 psychological level a few hours ago, after a sharp rejection from the $5.218 peak, its highest point since January 14. In a way, this correction was a much-needed one following the 62% parabolic rally recorded between April 1 and 3.
That said, I foresee a bearish slowdown at the $3.850 figure as trading conditions enter oversold territories on the 4-hour stochastic indicator. As such, we should see a return to the $4.000 psychological level in the coming hours, followed by a drawn-out consolidation around that line and an eventual rebound over the coming days.
Meanwhile, my resistance levels are at $.4.000, $4.500, and $5.000, and my support levels are at $3.500, $3.000, and $2,500.
Total Market Capitalization: $2.01 trillion
Celo Market Capitalization: $1.6 billion
Celo Dominance: 0.08%
Market Rank: #64
The payments cryptocurrency fell below the $4.000 psychological level a few hours ago, after a sharp rejection from the $5.218 peak, its highest point since January 14. In a way, this correction was a much-needed one following the 62% parabolic rally recorded between April 1 and 3.
That said, I foresee a bearish slowdown at the $3.850 figure as trading conditions enter oversold territories on the 4-hour stochastic indicator. As such, we should see a return to the $4.000 psychological level in the coming hours, followed by a drawn-out consolidation around that line and an eventual rebound over the coming days.
Meanwhile, my resistance levels are at $.4.000, $4.500, and $5.000, and my support levels are at $3.500, $3.000, and $2,500.
Total Market Capitalization: $2.01 trillion
Celo Market Capitalization: $1.6 billion
Celo Dominance: 0.08%
Market Rank: #64
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.