#USDT potential Head and shoulders pattern. #Crypto relief rallyMass hysteria and panic was achieved this week
similar to past capitulations
We are due a bounce.
Let's watch & see how it plays out...
I am long ETH spot, and quite happy at picking up a long term bag for close to an 80% discount.
Arthur Hayes has a 10K target which i concur with.
Celsius
HEX weekly is still holding major supportHEX WEEKLY CHART:
upon waiting for the PLS (PULSECHAIN) launch
we have been in a huge downtrend...Once we
here from Richard Hearts new Project PLS launch date,
is when this chart will turn bullish. Thats the
truth...The long rectangle support box must hold
or this chart will need a Scuba Suit. RSI IS WAY
OVERSOLD!
CEL Celsius is pausing all withdrawals, Swap and transfers Celsius Network announced today that is pausing all withdrawals, Swap, and transfers between accounts.
I know that it sounds unrealistic, but i think that staked cryptos could de-peg from the real price of the asset and worth less.
I don`t know if CEL, Celsius Network, will go to $0, but such pause in the system is warring me.
Looking forward to read your opinion about it.
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
Celsius (CEL) Short Predicted! With all of the recent Celsius drama going on (their insolvency and halting withdrawals), I'm going to cover some TA that predicted this short and could've saved you some money.
Looking at the 3D chart we can see a few things. First, I have the Whales buy-sell indicator and the VMC Cipher B. We can see CEL is clearly in a downtrend by the teal line I drew that's being respected as resistance every step of the way. Secondly, the purple lines are weekly support that are continuously being broken.
The Whales buy-sell indicator is great for predicting trends and is something I used in conjunction with the trendline resistance. You can see that multiple times whenever we came up to the trendline resistance, we also received a "Sell" signal. This caused me to enter shorts along the way and ignore any bullish signals I received. It's also more powerful when you receive a red dot on the VMC indicator AND a "Sell" signal at the same time (as highlighted near the beginning of 2022). This price action reminds me of LUNA and I'm not longing CEL at all, especially since I believe the coin will go to 0 soon because of their issues.
Both indicators, combined with my TA of trendline resistance and horizontal S/R helped keep me in my short positions and save money.
If you have any questions on the indicators I used or my TA, please leave a comment below or send me a DM :)
Why is Crypto Crashing? Is Celsius Insolvent?BIG NEWS out this evening of June 12, 2022. Celsius, a leading crypto lending platform, has halted withdrawals. Historically, this is a sign that a platform is fearing a "bank run" scenario and is willing to sacrifice customer trust to maintain financial solvency. Rumors have been swirling this week but now it is confirmed.
In this video I share what this has historically meant and share my opinion on what I think investors should be watching.
The financial news tomorrow will no doubt cite this news as the "reason" for the weekend crash... but Technical Analysis was clear going into June that crypto was in a bearish cycle and major supports were already breaking.
Desperately defending the USD 2 levelSome are desperately trying to defend the USD 2 support.
Despite the weekly burn of tokens, the price vs USD continues to decline. The amount of outstanding tokens simply is way too large vs the amount of tokens burnt even if the company would grow tenfold.
The 6 amigos elected by the company have yet to make an impact - come up with a new service benefiting the token. The new C-levels haven't made any impact yet neither.
During yesterday's AMA they elaborated how difficult and time consuming it is to launch a credit card, spending extensive time on the design. When in fact people are interested in its features. And even Litecoin, with just a handful of volunteers, has a credit card out for more than a year, linking the Litecoin wallet with Visa.
Once the SEC fine or settlement is announced / public, CEL most likely will tank to USD 0.43 or even lower. BlockFi paid USD 100 mln for their non-registered investment account. Celsius had an unregistered investment rewards account AND unregistered security. Realistically the fine shall be much higher and possibly fining the founders as well.
SNX What do I see?Full disclosure: I am long SNX with a current holding of 3,035 tokens held on the Celsius Network. I am currently grandfathered in and still earning 14.05% APY despite the recent SEC ruling inhibiting non-accredited US investors (like me) from earning interest. Damn those big government bureaucracies. On to what I am focusing on with today's SNX chart.
SNX is currently making new higher lows and higher highs. That makes for a favorable uptrend. It is also creating a narrowing wedge which could see a breakout...hopefully also to the upside. It now appears that we put in a clearly defined bottom as witnessed by the bowl shape. This has all the earmarks of a growing uptrend. And when we look at the Keltner Channels, today's pullback actually keeps us safely in the upper bullish channel or band of the KC without overstepping above it where a more serious correction becomes more likely. This all looks very healthy and bullish to me.
Outlook: Until I see SNX hit and break across the upper line somewhere in the $8-plus range, I won't be comfortable saying this is the bull we are looking for. Again, fingers crossed. Long-term price action prediction? A new ATH (All-time high) by 2023. Of course, predictions are free and worth every penny. -- Garry
CEL Bulls stuck in sideways zone despite bullish trendThe price of Celsius Network is stuck in a tight narrow range, which forces it to avoid investing for the time being.
The Celcius Network price action suggests the ascending triangle pattern in the higher time frame,
The 100-EMA has been standing as a strong resistance line for a long time and recently, the bulls managed to break above it but failed to stay above it. Hence, CEL price is trading below the 200 and 100 EMAs and the price is moving towards the 50 day moving average.
The RSI is about to reach the halfway mark (50 points) in terms of the daily price chart. The halfway line could possibly act as further support for the CEL price.
Thus, the Average Directional Index (ADX) is at 10-level and suggesting the extremely sideways momentum for the Celsius network.
Celsius Network price action suggests a bullish trend on the higher time frame; On the slip side, the price seems to be weak on the hourly chart. There will be no directional spike as long as the price continues sideways.
Resistance level- $4.5 and $6.0
Support level- $2.7 and $2.0
SNX BREAKOUT; $6 surpassed! Will it act as support? I think so!Full disclosure: I am a HODLer of the Synthetix Network Token (SNX). I transferred over 2700 tokens to Celsius Network on 31 July 2021 where I was receiving 13.99% APY at the time. They have since increased the yield to 14.05% APY, paying out every Monday like clockwork. Trade View will not allow me to advertise my referral code for Celsius here, but I do have one if you message me.
Now, for what has me so excited about today's chart. We just broke through $6. If SNX can hold above that level perhaps even retesting it as support, I think we may see SNX take off. I added the "auto pitchfork" visual to give you an idea of what I hope to see happen. This derivatives project is sound, the token is necassary to conduct business on its platform and the token has scarcity on its side that lends to an upside of somewhere in the $50 to $100 per token range... if the inflated dollar doesn't continue to crash from here. If the USD does continue to collapse, it will further enhance crypto price action in our favor as people seek other sectors (crypto) to store value.
Sidenote: I now have over 3012 SNX tokens thanks to the power of compounding at Celsius Network. I don't have to hassle with swap defi platforms, high ETH gas-fees, or delegating, validating or staking in general. I just watch it grow every Monday. If you wish to do the same with your SNX (or 40-plus other cryptos), we can both earn $50 worth of BTC when you open an account using my referral code and move $400 worth of crytpo to Celsius and hold for 30 days. And you will have your own referral code you can share with your friends once you have an account.
Bolster your MATIC coin count EVERY Monday!Yes, this article is about where to store the coin that powers the best platform for smart contracts and Dapps in Ethereum layer 2 solution format, Polygon (MATIC)! But for the uninitiated to unbanking yourself, here is a quick rundown on the Celsius application, which you should be storing your tokens/coins on. Celsius Network is reliable, easy-to-use, growing in popularity and regulated and licensed by the SEC and the U.S. Treasury. I know, surprising huh!? It is now in its 4th year. They do not spend time or money on big-money ads. They would rather pay us in interest every Monday! Word of mouth has been their main source of advertising... like I am doing now. They now have over 1 million members including me and my friends (fellow retired Air Force member) and family (my grown daughter). And so far, I see no safer way to earn 10.51% APY on your Polygon (MATIC). If you live outside the U.S., you could even boost your earnings to over 14% by opting to receive your interest in CEL tokens. But we live in Texas, so my daughter "settles" for a safe 10.51% in polygon that will soon double and triple in value. The interest is more MATIC coins! A win-win. They do have 41 tokens and coins they support including stablecoins (which pay 8.8% or more if you opt to be rewarded in CEL). I personally earn 13.99% on my SNX tokens on Celsius. It pays to check it out...and if you open an account, use my daughter's referral code: 1691390756 or mine: 189218504d
Move at least $400 worth of crypto to Celsius.Network and after 30 days, we will both be rewarded $50 worth of BTC! This beats the hell out of any brick & mortar bank!
SNX bottom: Are we there yet?With SNX mainnet still likely a month or so out, have we finally found the bottom in price action? I don't honestly know the answer and charts can only provide clues. Anyone who says they can predict with certainty is a liar.
Again, this is NOT financial advice. This is simply what I am doing. I bought approximately 2765 Synthetix Network Tokens (SNX) on Coinbase in late July & early August (@$9.88 per SNX) of this year with the intention of earning no-hassle interest on Celsius Network at a yearly 13.99% APY. They pay me a portion (1/52nd of the yearly interest) in SNX tokens every Monday. The reasons I chose Celsius to HODL my tokens were many but knowing compounding interest at 13.99% will double my token count every 5 years was a big one. I understand there are ways to earn even more on Layer2 or on defi swap exchanges, but just as I am opposed to paying Coinbase their somewhat high fees for every transaction (buying, selling, swapping or transferring), I truly hate the volatile exorbitant gas fees of defi. I also hate all the steps necessary and the unpredictability of defi. Additionally, I have no desire to sit on my computer or stare at my cellphone all day making trades and computing transaction/gas fees or deciding where to delegate/stake my tokens. Is there a higher payoff with that higher risk? Sure. Don't care. That's just me.
I wanted the "set it and forget it" high interest of Celsius that would cost me zero coins/tokens in fees once I migrated my SNX to their platform. I understood the potential of the Synthetix project (derivatives) well enough to be content sitting on a growing pile of tokens until their real value is discovered sometime early next year with the mainnet launch. So, how have I been doing so far?
The price per token has taken a beating lately. But my view is truly longterm, especially by crypto-world standards. My token count now stands at 2914.828985. Celsius just added 7.35814 tokens to my personal account this morning. I don't take the risk of staking. I don't pay any gas fees. I don't pay any fees at all while I sit on my growing pile of SNX.
Added bonus. Celsius just upped the interest rate to 14.05% APY on my SNX. They are adding a better on-ramp/off-ramp feature in the next few weeks, so that I won't have to pay fees to Coinbase (or other Cefi or Defi exchanges) ever again. No more having to buy elsewhere and pay fees. No more transferring and paying fees. I HATE fees! If you like what I am doing and want to use my referral code to earn $50 in BTC for setting up and transferring your coins or tokens to Celsius, just ask in the comments (Tradingview does not want me advertising my referral code). Celsius has over 40 coins/tokens that they service (the referral code applies to any of them). Most offer higher interest than you will find on other Cefi and they don't charge fees. Did I mention, I HATE fees?
SNX Layer2 Coming in HOT!The SNX updates are coming in fast & furious. Transition to Layer 2 is still underway and SIPs are being implemented. This current SIP is bringing "Shorting" capabilities to Layer 2. I love that SNX is still flailing around at the bargain price we see today. I'm telling my friends to pick up more if they have extra cash and store their SNX at Celsius Network to keep their count count growing (13.99% APY...ask for my referral code to get $50 worth of BTC). See the latest (dated today, 8 October, 2021) SNX blog update concerning this SIP scheduled for "early next week": blog.synthetix.io/the-sargas-release/
Staking SNX? Don't! Get 13.99% plus $50! Referral 189218504dAre you staking your SNX? If you aren't, you might look at creating a Celsius Network account and transfer your SNX there and start getting 13.99% APY on your tokens. I started with 2771 tokens on 1 August. I now have 2828 tokens without ever having bought another token. I get more tokens every Monday without doing anything else. This morning, Celsius added 7.11 SNX to my account. That's 57 new tokens since 1 August, without the hassle of staking (validating or delegating)! Move your SNX to Celsius. This is not your normal exchange. It isn't even a typical Defi exchange. If you are going to hold SNX, why not earn 13.99% APY like I do at Celsius Network? They have a smartphone app. When you create your account, use my referral code that will earn us both $50 worth of BTC if you transfer at least $400 worth of SNX (or any other coin/token). They give the $50 after 30 days. Also, SNX is holding above its 20-day MA so far. Further encouragement to sit tight...or buy some if you haven't. ;) Here is my referral code if you decide to open a Celsius account: 189218504d
SNX Finding a floor; The sky is the limitAs always, this is not financial advice. This is simply what I am doing.
It looks like the recent bear action has been especially unkind to Synthetix Network Tokens (SNX). But today is starting to look like it is establishing a floor last seen in June. I am still long on SNX as I believe in the team, the platform, the idea of free trading of derivatives across a spectrum of asset classes without a broker, and the scarcity of the token. Whether it feels like we are winning right now or not, it is a winning combination.
On a separate note:
How can I be so calm when I entered my SNX position at $9.88? We are sitting below $6.
My SNX token count has climbed to over 2,892 SNX. I have added almost 127 SNX tokens since 31 July 2021 when I moved my tokens to the Celsius Network. Every Monday, I receive an ever-increasing reward of SNX tokens in my account when they pay me a portion of the 13.99% APY interest. Yesterday, it was 7.275 SNX added. Next week, those tokens will be included when they count my interest up...and it will be just a little more than that 7.275. At this rate, my total token count doubles every 5 years. That is the power of compounding, baby!
So, if you bought in higher, let your token chill at Celsius Network and start earning you some serious interest. The price will rebound and more. Because of the updates and launch to Synthetix mainnet, I expect January thru February to be an absolute parabolic run for SNX!
If you don't own it yet, BUY some now!!!
After all, it is a quality item at a severe discount. That is how you make real money!
Sidenote: If you want my reference code to earn us both $50 worth of BTC for opening an account at Celsius, just ask me. TradingView does not want me advertising my referral code.
Good Luck! --Garry
;)
CEL broke out from falling wedge#CEL/USD
$CEL is trading inside a long term descending parallel channel, price is above middle line and broke out from a falling wedge pattern. here is a support zone that price need to hold it for rising toward upper line of channel that is the same with resistance zone.
break out from upper line will increase price to $6 and $7, in long term price can touch $10.
but break below middle line of channel will drop price to lower line to $2 and maybe $1.5.
Celsius Ready Sooni always liked Celsius project as loan platform. The waves are regular in uptrend and also in Downtrend. CEL Token seems to not have been manipulated at all.
As you can see in the chart Celsius Went up for 134 Days, and now we are near 134 Days Down.
As traders we always have to wait the good momentums to buy and no rush, no fomo, just have patience. We buy the Dip or We wait for Breakout.
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Trading Parts :
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Buy Zone : 6.05 ( Wait for a Breakout )
TP1 : 7.9$ (ATH)
TP2 : 9.9$ ( at 10$ Celsius will unlock more tokens to distribute to the team, so... drop before 10$! )
STOP : 4.9$
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Stay Safe play wisely, and follow TheKing moves.
Happy Tr4Ding !
CEL broke down from long term support#CELBTC
#CEL broke down from long term ascending support line, and now price is above a support zone, RSI is going to reach over sold zone, so I think price fall more to touch the support zone then a pull back to resistance zone and broken support line to confirm it as resistance.