CELUSD Celsius Network - ContinuationSigns are pointing to continuation. Price has consolidated at this level and is now showing bullish signs.
DYOR, not advice
Celsius
Celsius NetworkNot going to go on about the massive rise in Defi and interest income providers. Celsius, although not technically defi I believe is set to benefit from the growth of this market.
In terms of the chart.
Hidden Bullish divergence on MACD (class A), and Class C on the RSI
Price has respected the log scale wedge, and a 1:1 move would put this up to around $0.4
Price breaking above the centre-line of the wedge is Bullish, conversely, Bearish if it fails here, and may indicate a potential break-down of the wedge.
Not financial advice in any way. DYOR
Time Ticks By #Celsius $CEL $CELBTCWeekly
Looking at our highest timeframe we can see CEL has not been involved in a bull market. Price action showing we are respecting our bullish channel, resistance at 2500 satoshis. Stochastic RSI showing momentum is in favor of the bulls however it does seem to be slowing down. Weekly support is shown at 2200 and 2000 satoshis. A rejection from 2500 and we should be seeing a sell-off to 2000; a look at our smaller timeframes will give us a better idea.
Daily
Shifting over to our pattern timeframe we get a better picture of our minor uptrend starting from April 11th. Stochastic RSI showing bearish momentum has bottomed out and it continuing to the upside. A daily bullish engulfing confirms support has been found and we will continue to the upside. Resistance at 2750 satoshis, followed by dynamic resistance at 3500 satoshis. Rejection from this level and expect a sell-off to 2000.
Celsius Demand Coming SoonCEL is overbought. In march it was 6 cents and last week it hit the all-time high of $0.34. I can see a lot of demand between $0.095 to $0.125.
I'm taking this trade because of the following:
- 0.125 is a fresh level
- demand exceeded supply in a big way
The 8th Wonder, Compound Interest $CEl #Celsius @CelsiusNetwork
Weekly
Celsius Network; the crypto that lets you earn interest in holding your crypto. Yet to see a bull market this crypto is already being used. Looking at our trend timeframe we can see since being introduced to the crypto space Cel seems to be respecting a bullish channel. All time high closed at $0.1730 and our all time low at $0.0350. The price currently sitting at $0.10-$0.11, stochastic rsi showing momentum heading up although we are currently in consolidation. Fundamentally a great project with technicals to match.
Daily
Shifting over to our pattern timeframe we get a better look at minor uptrends and downtrends being formed and broken. Stochastic RSI showing momentum is in favor of the bears, however, price action is starting to show signs of support. The last time we were at this price we saw a jump from $0.11 uo to $0.16; followed by a small retracement anda push to $0.18. A daily close above $0.1050 is a good sign we have found support and should continue to the upside either after consolidation or immediately.
