CELSIUS - CEL/USD

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Type:	Cryptocurrencies
Ticker:	CELUSD
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CELSIUS - CEL/USD - Daily - Technical analysis published on 06/17/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 0.119000 USD

My targets

0.058700 USD (-49.53%)

0.050500 USD (-56.58%)

My analysis

CELSIUS NETWORK - CEL/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.119000 USD. The next support located at 0.058700 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.050500 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CELSIUS NETWORK - CEL/USD rating 0.116300 USD. On the day, this instrument gained +5.25% and was between 0.101300 USD and 0.116300 USD. This implies that the price is at +14.81% from its lowest and at 0% from its highest.

0.101300

0.116300

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CELSIUS NETWORK - CEL/USD in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.116300	0.214069	0.327950	0.661144
Change (%)	-	+84.07%	+181.99%	+468.48%
Change	-	+0.097769	+0.211650	+0.544844
Level	-	Minor	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.073383	0.085367	0.097933	0.109917	0.122483	0.134467	0.147033
Camarilla	0.103749	0.105999	0.108250	0.110500	0.112750	0.115001	0.117251
Woodie	0.073675	0.085513	0.098225	0.110063	0.122775	0.134613	0.147325
Fibonacci	0.085367	0.094745	0.100539	0.109917	0.119295	0.125089	0.134467

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.142100	-0.012300	0.058700	0.188500	0.259500	0.389300	0.460300
Camarilla	0.074480	0.092887	0.111293	0.129700	0.148107	0.166513	0.184920
Woodie	-0.171500	-0.027000	0.029300	0.173800	0.230100	0.374600	0.430900
Fibonacci	-0.012300	0.064406	0.111794	0.188500	0.265206	0.312594	0.389300

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.050500	0.119000	0.164800	0.233300	0.279100	0.347600	0.393400
Camarilla	0.179168	0.189645	0.200123	0.210600	0.221078	0.231555	0.242033
Woodie	0.039150	0.113325	0.153450	0.227625	0.267750	0.341925	0.382050
Fibonacci	0.119000	0.162663	0.189637	0.233300	0.276963	0.303937	0.347600

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	27.69
MACD (12,26,9):	-0.0334
Directional Movement:	-3.952895
AROON (14):	-78.571429
DEMA (21):	0.117039
Parabolic SAR (0,02-0,02-0,2):	0.186077
Elder Ray (13):	-0.032446
Super Trend (3,10):	0.217113
Zig ZAG (10):	0.103200
VORTEX (21):	0.8993
Stochastique (14,3,5):	4.80
TEMA (21):	0.102799
Williams %R (14):	-97.94
Chande Momentum Oscillator (20):	-0.088000
Repulse (5,40,3):	-24.8360
ROCnROLL:	2
TRIX (15,9):	-1.7696
Courbe Coppock:	91.92

MA7:	0.114000
MA20:	0.171585
MA50:	0.213934
MA100:	0.279678
MAexp7:	0.119736
MAexp20:	0.158857
MAexp50:	0.210677
MAexp100:	0.286163
Price / MA7:	+2.02%
Price / MA20:	-32.22%
Price / MA50:	-45.64%
Price / MA100:	-58.42%
Price / MAexp7:	-2.87%
Price / MAexp20:	-26.79%
Price / MAexp50:	-44.80%
Price / MAexp100:	-59.36%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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