CELUSD ~ Accumulation along 50D MA, rocketship fueling up...Disclaimer: I hold about 1/3 of my crypto assets in celsius.network for long term staking APY%, so I am a holder of CEL in rewards...
I do not trade CEL, but I do HODL from weekly rewards. However I have been curious a long time about trying to trade CEL because of its high DAILY volatility which is actually quite predictable.
As you can see on the chart, the price of CEL fluctuates up to +/-20% per day, making it a fairly easy swing trade crypto if thats your thing.
(ALWAYS long in a bull market, NEVER short)
However, while we are waiting for BTC and the market to accumulate and make its next big move, CEL is positioned perfectly along the 50D MA (yellow line on chart) to make a major move up to the next bracket which should be a solid 100-200% pump over its previous ATH flipping said ATH into a support.
I dont know many who actually trade CEL - and I'm pretty sure its just those of us HODLing who use celsius to gain high APY% rates on our HODL cryptos, but this is a good trade setup if you do.
I might actually pump my CEL coffers a bit soon and get myself into gold or platinum tier for higher APY% rewards in prep for the next move up. Might as well....
If you dont know about celsius.network, heres a ref code so you can signup and get some free $$$.
Basically - its one of the best 3 places to hold your cryptos longer term as they will give you weekly rewards (that compound weekly) for simply holding your cryptos in your celsius wallet.
The company is fully insured up to $2.5m and the reward rates are top notch for many coins.
Between Incognito, Celsius, Crypto.com, TrustWallet, and Atomic Wallet, I am able to stake nearly all my coins for between 5% and 25% APY rewards.
celsiusnetwork.app.link
($30 in free crypto for signing up using my link)
celsius.network
(here are the APY% rates for holding cryptos in celsius - I typically hold BTC, ETH, CEL, SNX, AAVE, USDC/USDT/DAI - I'm still trying to find a safer/better place to hold things like XLM, BAT, etc but currently still holding those in celsius too - remember these rates compound weekly, meaning you get rewards weekly and those rewards start earning APY% as well.... celsius can literally replace your bank!)
