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Celsius

Celsius CEL Bearish SentimentSeptember has major catalysts for the crypto market as well as for the stock market. The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike. That is reflected in the crypto space in general as a bearish outlook. Celsius CEL has a negative overall sentiment recently. I have the following price targets: CEL/USDT short Entry Range: $1.40 - 1.55 Price Target 1: $1.28 Price Target 2: $1.09 Price Target 3: $0.83 Stop Loss: $1.75
CShort
by BuySellMarketMaker
September 2 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to The Block Research, Bitcoin futures trading volume across exchanges for August came in at $941.5 billion, which is Bitcoin futures' lowest month by trading volume since November 2020. Bitcoin is down 0.42% over the last 24 hours and fell to an intraday low of $19,560.00. The market is anticipating tomorrow’s non-farm payroll report from the U.S. Bureau of Labor Statistics and the figure is expected to show an increase of 300,000 jobs. If the figure is underperforming the expectation, we could see the price decline further. Conversely, if the figure is better than the expectation, the BTC/USDT pair could rally to the 20-day exponential moving average (EMA) ($21,196). Today’s Cryptocurrency Headline Celsius Files to Return the Funds of Custody Clients Crypto lending platform Celsius Network filed to return custody holders' funds to them early Thursday. Celsius said "unlike Celsius customers using its Earn or Borrow products, customers with custodial accounts still maintain ownership of their crypto assets. Celsius is merely acting as the storage provider. Therefore, these funds belong to the customers, not to Celsius' estate." In a separate hearing, it will address ongoing questions about its efforts to restructure and relaunch its operations. The Bankruptcy Court for the Southern District of New York, which is overseeing the case, scheduled a hearing for Oct. 6 to discuss the matter. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
Can the Madness Continue for CELH?Celsius Holdings has been trading like a meme stock as of late. News of a deal with Pepsico helped fuel the recent surge in stock price. The question I pose is will this bullish momentum in CELH continue despite a slowing global economy? Technicals: There are strong signs of bearish divergences on monthly and weekly timeframes, slightly weaker bearish divergence can be observed on the daily as well. Price action recently surpassed all-time highs around the 110 mark. This could be a head-fake/bull trap, given that price has yet to retest the support of 110. On the other hand, MACD on the monthly, weekly, and daily timeframe are all signaling strong bullish momentum. Volume has been strong in the past couple of months of trading but a large part of that is due to Pepsi entering a 550 million dollar stake in Celsius. Possible cup and handle being formed but also could be a double top of sorts. Technicals for CELH are honestly not the worst, however, the bearish divergence on the RSI should come as a concern to Celsius holders and potential investors. Fundamentals: CELH has a 8.6 billion market cap. Just as some comparisons Lincoln National Corporation is worth around 8.4 billion and BJ's Wholesale Club is worth around 9.8 billion. Celsius has a Trailing P/E of 491 and forward P/E of 303. P/S of 18 and a price to book of 36. Not even Tesla has valuation metrics this inflated. To add to the bearish view, since 05/20/2020 CELH insiders have exclusively sold shares, i.e., 100% of Celsius executives' trades have been sales over the past two-plus years. Dumping a total of 14.6 million shares in that period. Along with this, Revenue growth is decelerating, and gross margins have been slowly declining for several years. As the US heads into an economic slowdown I cannot imagine a scenario where CELH will have meaningful pricing power or any demand inelasticity, as their products are just too new and unproven, and also yet to be adopted by most food and beverage retailers ( yes, I realize the Pepsi involvement will likely help with CELH adoption). CELH is a wildly overvalued company. Macro: Economies across the world are contracting rather quickly. PMI numbers came out earlier this month showing a slowing in business activity in both developed and emerging countries. Europe is facing the possibility of hyperinflation and the ECB is not signaling a stop anytime soon in Monetary tightening. With those headwinds in mind and many more -like a US housing recession- playing out over the next years, it is incredibly hard for me to see continued price appreciation in Celsius Holdings' stock. ' Prediction: In all honesty I have been dead wrong on this stock before. All though it's not my base case, I do think bullish momentum could carry this one up to as much as 145 a share in the short/med term. Although further appreciation is a possibility I really do not see this company performing well over the coming years. Over the coming years CELH should see a revisit of the 19.1-7.21 range before a bottom is in place. As always this is not financial advice. Good Luck!
NASDAQ:CELHShort
by Gooby_Trades
August 18 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Crypto lending platform Celsius Network lawyer Josh Sussberg said it has received several undisclosed offers to inject funds into the company and has received approval from a U.S. judge to sell the bitcoin it mines. Celsius mined $8.7 million worth of bitcoin in July, but the company’s operating and capital costs exceeded that amount, according to a filing before the hearing. Today’s Cryptocurrency Headline Celsius Receives Cash-Injection Offers and Approval to Sell Mined Bitcoin Dune Analytics data shows that the number of ENS domain names created has exceeded 2 million. Bitcoin is down 2.4% over the last 24 hours and fell to an intraday low of $23,175.84. Bitcoin has been trading around the 20-day exponential moving average (EMA) ($23,488) today, suggesting the 20-day EMA is acting as strong support. The relative strength index (RSI) has dropped close to the midpoint, indicating the bulls are losing control. If the bulls cannot hold the price above the 20-day EMA, the bears will attempt to pull the pair below the 50-day simple moving average (SMA) ($22,221). Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
August 12 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 1% over the last 24 hours and fell to an intraday low of $23,771.00. The largest cryptocurrency has experienced substantial volatility over the last 24 hours. It reached an intraday high above $24,900 on Thursday, but the price pulled back to $24,000 in the following hours, indicating the seller remains active at higher levels. The bulls will attempt to push the price above the overhead resistance at $24,930 again. If they succeed, the BTC/USDT pair could pick up momentum and rally to $28,000. Conversely, if the price turns down from $24,930, the bears will again attempt to pull the pair below the 20-day exponential moving average($23,157). Today’s Cryptocurrency Headline Ripple Labs Interested in Celsius Network’s Assets Ripple Labs Inc. is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network, according to a company spokesperson. The spokesperson also noted that Ripple has continued to grow through the crypto market turmoil and "is actively looking for M&A opportunities to strategically scale the company." However, the spokesperson declined to comment on whether Ripple intends to acquire Celsius outright. Celsius froze withdrawals in June citing "extreme" market conditions and filed for bankruptcy in New York last month, listing a $1.19 billion deficit on its balance sheet. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
Celsius: Important levels to keep an eye on. Hello all. Despite the 100% crash in the price of the celsius network, it seems there is still hope for recovery. Here is what I think. Looking on the weekly timeframe we see a formation of descending channel and and the top of the channel sitting at $1.76. if we take a closer look on the candlestick formations, we had four consecutive bullish candles which haas formed a possible ascending channel on both daily and weekly timeframes. (white dotted lines). If the price of celsius manages to close above the $1 mark on the weekly timeframe, and we manage to brake above the $1.76 mark, then the price of celsius will reach the next level of resistance which sits at $3.379. This will be a 245% move towards the upside from the current point. Next two levels ($4.2 & $8) of resistances together with their percentage gains are depicted on the chart. So should you buy ? Here is what I think. If bitcoin falls to $10,000 then it will be over for celsius, and if magically bitcoin hits the $30,000 mark then I see no problem why celsius will not shine. Research about how these two cryptos are connected, and of course stay on top of all the news. Thanks for reading, and stay safe. Enjoy.
FTX:CELUSD
by EdgarTigranyan
4
FALLING WEDGE CELSIUS CELUSDT Hey tradingview! Here is a my view on Celsius Network and the falling wedge it has formed along with some insight on what happened with Celsius causing the downfall of the network! Make sure to LIKE my chart and FOLLOW me for more great content! Thanks The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout occurs. While this article will focus on the falling wedge as a reversal pattern, it can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. CELSIUS NETWORK and its downfall Key Insights: Celsius has paused withdrawals and transfers on the platform since June 12. The network’s management looked to avoid bankruptcy filing regardless of advisers and lawyers recommending filing for Chapter 11 bankruptcy. Amid weakening market confidence Celsius’s position in the market remains shaky. The eclipse on the crypto market has given way to unseen events that shocked market participants. First, the collapse of Terra’s LUNA and now the Celsius Network conundrum has given way to considerable skepticism in the cryptocurrency market. Celsius Network LLC – a cryptocurrency loan company, had over $8 billion lent out to clients and $12 billion in assets under management (AUM) as of May 2022. However, in a surprising announcement, the firm announced on June 12 that it would stop withdrawals from its platform, citing ‘extreme market conditions.’ The revelation of Celsius halting withdrawals exacerbated the bearish market conditions in mid-June, briefly sending bitcoin’s price below $20,000. With the Celsius saga unfolding, many questions have spurred about the project, management, and the events surrounding the network over the last couple of weeks. What is Celsius? The Celsius Network is a centralized platform offering yields on various cryptocurrencies and digital assets, including bitcoin, ether, and stablecoins. The lending protocol has positioned itself like a bank but seems to operate more like a hedge fund. Crypto lending is pretty much like savings accounts offered by traditional banks but with cryptocurrencies instead of fiat currencies. Like in a bank, for crypto lending protocols too, an investor opens an account, deposits cryptocurrency, and earns interest on the deposits. Investors can either make deposits in bitcoin, stablecoins, or even lesser-known, more volatile cryptocurrencies. Protocols generally pay interest in the same currency deposited, which leads to varying profits. Like other lending protocols, Celsius promises certain yearly returns that are subject to change; however, the protocol’s publicly advertised interest rates range from ‘up to 17% APY.’ The lending protocol allows users to borrow funds and use their crypto as collateral. Apart from Celsius, other protocols have also resorted to CeFi or centralized finance – an alternative to decentralized finance (DeFi), where users still work with a centralized intermediary. Celsius promises a specific rate for users to deposit their funds on the platform. Over the last couple of years, the protocol attracted massive interest, and the company did exceptionally well. Notably, the firm expanded its latest funding round to a massive $750 million in November 2021, reaching a valuation just above $3.25 billion. The Celsius Saga As the larger market battled the bearish blues, Celsius did the unthinkable – the network flat-out halted withdrawals and transfers, locking their users out of their money. Interestingly, many in the market have compared Celsius Network to the Lehman Brothers, looking at the protocol’s failure that exacerbated a market crisis. Celsius is rumored to be insolvent following a freeze on withdrawals since mid-June. The firm was founded in 2017 by Alex Mashinsky and S. Daniel Leon. As mentioned earlier, the lending protocol lent over $8 billion to clients per the company’s data. After the recent withdrawal freeze, Coinbase, BlockFi, and Crypto.com have also announced job cuts. The happenings across the crypto-verse have added to the bearish waves in the market. Reportedly, Celsius has hired banking giant Citigroup, law firm Akin Gump Strauss Hauer & Feld, and management consultants from Alvarez & Marsal to explore potential financing options. On June 28, Celsius’ management looked to avoid bankruptcy, regardless of advisers and lawyers recommending filing for Chapter 11 bankruptcy. A liquidity crisis has plagued the protocol for weeks as numerous rumors have surfaced around the network, of late. Notably, crypto Twitter has been left bewildered by the Celsius Network continuing to pay weekly rewards despite pausing withdrawals two weeks ago. Apart from the short-term implications of the recent Celsius conundrum the overall trust in the network has also been affected. Furthermore, Celsius’s position in the market can severely affect the crypto-verse. Celsius is one of the largest lenders in the industry, and if they start liquidating the same could lead to negative market momentum alongside bearish social sentiment. Some participants and analysts have already speculated that the most recent declines and the rangebound market momentum could partly be because of the company selling. For now, the larger market’s bearish momentum has added to Celsius’s tragedy, and it remains to be seen where the project would go from here.
CLong
by SolStackz
Celsius Price Analysis — June 13CEL tumbled by over 82% over the past 24 hours, falling from the $0.500 top to the $0.090 low yesterday. The lending protocol crypto has now tapped its lowest point on record. The emerging developments triggered a market-wide liquidation, with the total crypto market valuation shedding over 12% in the last 24 hours. Notably, trading conditions are still not in overheated conditions, posing the possibility of a gap close to the $0.090 in the coming hours. However, Celsius could see heavy accumulation at this level as traders pick it up at a discount. With the broader market sentiment steeped in bearish territory, a meaningful bullish rebound appears out of reach in the meantime. Meanwhile, my resistance levels are at $0.250, $0.350, and $0.500, and my support levels are at $0.150, $0.100, and $0.090. Total Market Capitalization: $969.9 billion Celsius Market Capitalization: $47 billion Market Rank: #359
FTX:CELUSDShort
by Mr_Wogbe_Alex