CEL Token Price: +25% in the next couple of days?CEL token is a great asset to have. The market cap is still low, the product (celsius network) is shining.
I am confident that the price will increase by at least 25% in the next few days.
CELPERP trade ideas
Celcius Experiences Outstanding GrowthCelsius (CEL) experienced an exceptional 300% growth in one month. The coin has now stabilized, and its direction is currently unclear.
Celsius Fundamentals
Similar to a bank, Celsius (CEL) borrows from one set of clients, lends to others, and profits from the difference between the interest rate. However, CEL mostly works in the crypto space as it mainly borrows and lends in crypto. Additionally, it does not have any government deposit insurance, making it riskier than a traditional bank.
Celsius on the Chart
Celcius experienced an exceptionally long ranging period this year from July to September. On September 10th, the price finally made a breakthrough, and CEL experienced an outstanding 300% growth in a single month. The coin reached an all-time high of $1.5. CEL is now stabilizing between $1.2 and $1.5.
Due to the swift and strong growth, the coin hasn’t created any support level on its way up. Therefore it is now in danger of failing all the way down to the $0.5 and $0.35 support levels.
An indicator that you can use to get early buy and sell signals on the daily chart is the MACD. The MACD indicates a buy signal when the histogram turns green and a sell signal when it turns red. The indicator works well to identify bull runs early and sell relatively close to the high. The MACD can be classified as both a trend-following and momentum indicator. Like all trend-following indicators, it tends to perform poorly in ranging markets.
Looking Ahead: The MACD is now about to turn red, indicating that the bull run may end. Since no support levels were established, it is better to time your next entry with technical indicators rather than support levels.
CEL/USD - Elliot WavesExcellent tokenomics for this one.
- Looking to add at completion of Wave-4.
- Two possible targets listed on the chart depending on the extension of Wave-3.
- Not looking to swing trade this pair as it's very easy to get bounced out of position. In other words, this is a long hodl and for accumulation.
Will update this idea after Bitcoin confirms price direction.
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
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.
