CELSIUS - CEL/USDT - 1H - Technical analysis published on 06/15/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 7.00 USDT
My targets
6.82 USDT (-0.73%)
6.72 USDT (-2.18%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CELSIUS NETWORK - CEL/USDT as long as the price remains well below 7.00 USDT. The next bearish objective for sellers is set at 6.82 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.72 USDT. If there is any crossing, the next objective would be the support located at 6.49 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CELSIUS NETWORK - CEL/USDT rating 6.87 USDT. On the day, this instrument lost -1.01% and was traded between 6.84 USDT and 6.98 USDT over the period. The price is currently at +0.44% from its lowest and -1.58% from its highest.6.84
6.98
6.87
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CELSIUS NETWORK - CEL/USDT in 1H shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.49 | 6.72 | 6.82 | 6.87 | 7.00 | 7.29 | 7.47 |
| Change (%) | -5.53% | -2.18% | -0.73% | - | +1.89% | +6.11% | +8.73% |
| Change | -0.38 | -0.15 | -0.05 | - | +0.13 | +0.42 | +0.60 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.41 | 6.57 | 6.75 | 6.91 | 7.09 | 7.25 | 7.43 |
| Camarilla | 6.85 | 6.88 | 6.91 | 6.94 | 6.97 | 7.00 | 7.03 |
| Woodie | 6.43 | 6.58 | 6.77 | 6.92 | 7.11 | 7.26 | 7.45 |
| Fibonacci | 6.57 | 6.70 | 6.78 | 6.91 | 7.04 | 7.12 | 7.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.38 | 6.05 | 6.50 | 7.17 | 7.62 | 8.29 | 8.74 |
| Camarilla | 6.64 | 6.75 | 6.85 | 6.95 | 7.05 | 7.16 | 7.26 |
| Woodie | 5.27 | 6.00 | 6.39 | 7.12 | 7.51 | 8.24 | 8.63 |
| Fibonacci | 6.05 | 6.48 | 6.74 | 7.17 | 7.60 | 7.86 | 8.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.99 | 4.73 | 5.99 | 6.73 | 7.99 | 8.73 | 9.99 |
| Camarilla | 6.69 | 6.87 | 7.06 | 7.24 | 7.42 | 7.61 | 7.79 |
| Woodie | 4.24 | 4.86 | 6.24 | 6.86 | 8.24 | 8.86 | 10.24 |
| Fibonacci | 4.73 | 5.50 | 5.97 | 6.73 | 7.50 | 7.97 | 8.73 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.44 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 5.86 | |
| AROON (14): | 0 | |
| DEMA (21): | 6.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.83 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 7.02 | |
| Zig ZAG (10): | 6.88 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 37.12 | |
| TEMA (21): | 6.89 | |
| Williams %R (14): | -72.34 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | -0.5100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.25 |
| MA7: | 7.06 | |
| MA20: | 7.23 | |
| MA50: | 6.86 | |
| MA100: | 6.32 | |
| MAexp7: | 6.89 | |
| MAexp20: | 6.90 | |
| MAexp50: | 6.91 | |
| MAexp100: | 6.95 | |
| Price / MA7: | -2.69% | |
| Price / MA20: | -4.98% | |
| Price / MA50: | +0.15% | |
| Price / MA100: | +8.70% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.58% | |
| Price / MAexp100: | -1.15% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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