Celsius (CELUSD) Soars with 50%, Potential breakoutThis week, Celsius (CELUSD) has captured the attention of cryptocurrency enthusiasts with a phenomenal surge in price. Starting the week at a mere $0.13 , CELUSD has skyrocketed to reach highs of $0.40 , before settling at its current price of $0.31 .
While the current price sits beneath a resistance zone, closely watching for a potential breakout. If CELUSD can close above $0.38, a significant price increase could be on the horizon, with predicting a jump to $0.60 or even $1.30 and beyond.
CELPERP trade ideas
Celsius looks like it wants to reclaim a Dollar! :0Nothing really dies in crypto lol
Theres always one more pump left lol
Sad state of affairs to all the people who got their coins stuck in celsius
But the the FTX fallout could give credence that people will actually made whole.
Technically the chart points to good news down the road .....
or could be traders wanting to pump something that hasn't moved much already
The two breakout levels are clear for all to be seen let's see what it can do.
ZeroDuring a "short squeeze" there is a phrase longs don't want to hear. They begged me not to utter the words, but I must say it anyway.
"Looks pretty squoze to me"
That's how a short squeeze ends. The desperate shorts got their big chance to close off at breakeven, and now the tables have turned alltogether. It has shifted from a short squeeze to a long squeeze. The fact is that although there is something like $20 million worth of short exposure on CEL, there is more like 1 BILLION dollars of long spot exposure to CEL. The longs claim to be loyal to their cause of "squeezing" the shorts, but at the end of the day all capital in crypto is mercenary and they will sell when they know all is lost.
This is the sad fact of the "short squeeze" is that even during a "retail movement" retail ALWAYS loses. Most fools are still holding, expecting prices to increase to $100. They don't have a fundamental understanding of the truth about how markets work. Every move has a narrative, but all narratives are irrelevant to the market. The marks don't have an exit plan. The second prices started to fall, they started selling. Many are still holding at a big loss after buying the top, and just want out at breakeven.
The goal of the market could be phrased like this:
To Cause The Most Pain To The Most People
And assuming that is true, it makes perfect sense for CEL to fall down massively now that it has gotten as many people as possible to buy and also caused the majority of the retail shorts to close. CEL going down would cause far, far more pain for retail than CEL rising, since almost all of them are long and just hoping for price to rise.
In this way, the market is the exact inverse of perfect utilitarian good wheras retailers seem to think the opposite. They think that the market is a utilitarian good designed to print free money for them.
I've seen some Tweets on Twitter from CEL "squeeze" cultists who are effectively saying the words "return to normal" without saying them. They think it's back to up only. They are in for a shock. The music stopped playing, and now they will be left with bags full of dog shit.
🧫🧫 CELUSD potential buy opportunity 🧫🧫Greetings,
Celsius token is rightfully down from its ATH due to many factors. I do not support this token, however can see potential to leverage trade it. It often moves in big % increments every 6-12 4hr candles, keeping an eye over this token and setting alerts is a must. I have set my targets.
Targets;
1 - $0.9850
2 - $1.0725
3 - $1.1850
Remember nothing is guaranteed, control the controllables.
Mogues
Celsius CEL highest risk - some reward Friday the S&P hit a new 52 week low, being oversold right now.
I expect a bounce in the stock market next week, which will determine a bear market rally in the crypto space too!
Celsius CEL is one of the cryptocurrencies that have a lot of potential for a bull run.
CEL/USDT
Entry Range: $1.30 - 1.41
Price Target 1: $1.61
Price Target 2: $2.10
Price Target 3: $2.70
Stop Loss: $1.15
Celsius is a high risk potential asset! It can also drop 90% from here!
CELUSD is supported for now. Buy if that level breaks.The Celsius Token (CELUSD) has had an extremely volatile month of August as it grew an incredible +320% to make an August 15 High exactly on the December 31 2021 Resistance, followed by a massive correction below the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line) that nearly touched the Higher Lows trend-line of the June 13 market Low.
Since that amazing rebound broken even the 1W MA50 (red trend-line), which along with the 1D MA200 have been untouched since 2021, we can claim that the market against all fundamental odds, may be finding buyers, entering a new Bull Phase. With the MACD on the 1W time-frame also on Higher Lows, this may be another opportunity for immense short-term gains.
However it may be best to buy only after the 1D MA200, as a bullish break-out confirmation level, as it was that level that really made the August rally so aggressive.
Check how we caught that bullish break-out signal on our last idea on August 09:
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CELUSD broke the 1D MA200, first time since last September!The Celsius Token (CELUSD) broke today above its 1D MA200 (orange trend-line) for the first time since September 07 2021. It is important to see the price close above that level too, as technically a lot of investors could take profits aggressively here. In that case, expect a pull-back to the 1D MA50 (blue trend-line) and sustainable trading within the Channel Up that started after the June 13 Low.
A closing above the 1D MA200 though, should be enough to catapult the price towards the Resistance Zone of February - March 2022. It would be best to take a short-term buy break approach and target the upper Fibonacci levels (1.382, 1.5, 1.618). At the same time, the MACD on the 1W time-frame is way past its May/ June oversold state, at the highest levels since July 04 2021, giving a strong indication that the Bear Cycle is over.
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$CEL Short Squeez-INGOn our previous idea regarding $CEL and the potential short squeeze made by retail traders we said that if we broke the consolidating pattern, we would see a breakout and volatile price action. And that's exactly what happened. $CEL broke out hitting $1.19. As traders now see squeeze confirmation, we need to retest the blue previous resistance line to have strength for the price action to drive higher. As more retail traders pile in we will most likely see a retest then the downwards channel retest which will define the crash or massive rally for $CEL. On the other hand, if we see too many traders take profits at these levels we will see $CEL follows its concurrent downtrend. Accumulation levels are showing that $CEL is being bought up as if it was at around $6.30 which means that we are looking at more bullish price action.
Stay Safe and be Smart traders.
UPDATE: $CEL Short Squeeze Confirmed?UPDATE: CEL's consolidation has continued getting flatter and flatter as buying pressure is fighting against the short positions as well as the increased hype to fight against the shorts. An interesting detail is that people are accumulating $CEL right now at 89 cents as if it was at $6.16 according to the accumulation/distribution line. Short traders on FTX are now borrowing over 18 million tokens to sell them across different platforms while retail traders are buying and hyping CEL up. Short squeeze setup currently looks poised for extreme volatile swings.
Keep an eye out for any changes and be smart traders.
Will Celsius Short Squeeze?
There has been a lot of hope around Celsius token $CEL regarding a potential short squeeze. The hype around it is coming from retail traders to "save crypto". Although Celsius has gone bankrupt, the hype coming from retail traders is to create a Game stop like squeeze. When looking at the chart, CEL has been in a concurrent downwards channel because of the negative catalysts Celsius has faced. But for exactly a month, a flag consolidation pattern has been forming. When this type of formation occurs, it means there will be a massive movement to the upside or to the downside. The recent consolidation has been more flat because of the recent buying pressure against the short pressure. If we break the flag pattern upwards, we will see a breakout but if its towards the downside then we will see CEL price action follow the downwards channel. it will be interesting to see if the retail buying pressure continues or dies off.
Stay safe and be smart traders.
📌What % of crypto projects will survive during this winter ?
The next victim of recent Crypto's bear market revealed, the Celsius crypto firm plans to file the bankruptcy paperwork “imminently.”
Rumors of Celsius’ insolvency began circulating last month after the crypto lender was forced to halt withdrawals due to “extreme market conditions” on June 13. that has been a while since the whispers of the bankruptcy of the Celsius project has began, now after the bankruptcy of the Luna project, it is now time to announce Celsius!
Still unknown, however, will be the fate of depositors who still have their assets locked up on the lending platform. Neither the company nor its CEO Alex Mashinsky has made any public comments about whether depositors will receive any percentage of their funds back
In the last few years, we have seen projects in the crypto market that grew at once and rapidly and perished at the same speed or earlier. which proved to us that even a large market cap of a coin does not mean it is successful.
Yes, the bear market is really very cruel, only a small percentage of crypto projects will survive and achieve lasting success.
Nolan Bauerle, research director at CoinDesk, says 90% of cryptocurrencies today will not survive a crash in the markets.
and According to coinmarketcap's data there are about 20k different cryptos that Most of them do not survive!
Those that survive will dominate the game and boost returns for early investors.
Maybe this theory is a little pessimistic and maybe it is better to say which ones do not succeed!
But in my opinion, the necessary condition for the success of a crypto startup is to have a strong tokenonomics
>>> For more information, you can also read this article that I posted earlier
With massive inflation data and dominant recession and the collapse of the Celsius network driving the downward spiral, it seems that only the best strong cryptocurrency projects will survive this bear market. “This is a significant cleanup process as we believe that up to 80% of crypto projects will not survive this period, especially if Bitcoin falls sharply below $20,000 and more importantly stays below this key level for a long time.
In these complex times, we cannot forget the fact that some of these currencies will improve, but the most important thing is that blockchain technology will make a significant difference.
The cryptocurrency space is currently in a bear market, but many believe it is an opportunity for people to innovate.
As CZ, the founder of Binance, said: This bear market is necessary because it provides a wealth of possibilities.
Take it in mind this point, these events are not about blockchain technology, Because blockchain is invented to stay!
Improving the efficiency of companies and as a result will have a very positive effect on the economy in the near future.
Many experts compare the situation of the crypto market with the dotcom bubble of 2000. Did the Internet crash after that?
"The winners are yet to be seen or may not even exist today.
Just like the dot-com bubble in 2000," he added.
remember a token's performance history in the bull market. If a token was already slaughtered back when things were going well, why would we possibly assume that these coins will do any better in a brutal bear market? "If things are looking bad now for a coin, chances are they will only get worse as the financial pressure, social pressure, boredom, and general despair of the bear market increases"
>> So To conclude, The success or failure of a crypto project depends on many factors. Even if a project is very practical and useful and has strong tokenomic, with a small bug and mistake, it may be completely destroyed, especially when the general conditions of the market are bearish, which may easily go bankrupt. Many crypto project may fail within the early years,
although ,a decade has Almost passed since the beginning of the crypto wave ,but I'm still really optimistic about future of crypto market , but If you want to invest in the crypto market don't be in a hurry, as this bear market because it may last for a longer period of time . so during these tough time You can also improve yourself by increasing information and different skills
Whether trade knowledge or other crypto expertise skills !
Cointelegraph-coinmarketcap-sharecast.com
This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate.
CELSIUS GAMESTOP STYLE- Okay if u followed the news about Celsius. They frozen people's wallets, swaps, to attempt to stabilize their liquidity and operations.
- to explain the situation very basically : " Some Whales tried and still trying to short CEL to make it dies ". i will not explain the mechanic of this situation but you can easily Google it.
- it's not a real different story than LUNA/UST if u dig more.
- have also to consider that Alex Mashinksy is not a poor guy and he knows about Finance. he built in past some Unicorns projects (Billions $ Projects).
- so will he lose his face on this fight? check here for his bio : en.wikipedia.org
- if u notice right now most of CEFI/DEFI are attacked at the same time and at the good time (Bear Market).
- they attempt to attack all companies trying to give good rewards on USD Clones, like Anchor used to give 20% Yearly, Celsius around 12%+.
- What we need to understand about that is : " it's not only an attack to kill Celsius or Luna but a fear creation to make people's give up on DEFI/CEFI "
- The entire Crypto Space is under attack right now and our "crypto ecosystem" needs to be strong to fight back them.
- Keep in mind that nor Celsius or Luna were " Hacked " or " Scammed peoples". They just got attacked by the old financial system. they also used Bots/influencers on twitter/ YT to spreads fake news and create quick panic and max fear. so don't be fooled.
- So if u dig more...
- Who scare the most to lose their money and customers?
- Who could unlock max money to use Wall Street Traders to short those CEFI/DEFI Projects.
- The Answer is simple : BANKS.
That said if CELSIUS back and not die. it could be a GAMESTOP style moon shoot. so like all cryptos, you are in a "gamble game", but if u play wisely, u could get max gains.
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Trading Parts :
- Wait for break downtrend and buy around 2.5$
- TP1 : 7.80 ish
Then Wait and see if CELSIUS break 10$.
- REBUY : 10.80 ish
- SELL : 19.80 ish ( before round number )
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- Don't forget that playing with Celsius right now is dangerous. it could go also to ZERO!
- this is only my own view on what happened and not a trading advise. use your money wisely. gamble only what u can afford to lose.
Happy Tr4Ding !
Celsius: Important levels to keep an eye on. Hello all. Despite the 100% crash in the price of the celsius network, it seems there is still hope for recovery. Here is what I think.
Looking on the weekly timeframe we see a formation of descending channel and and the top of the channel sitting at $1.76.
if we take a closer look on the candlestick formations, we had four consecutive bullish candles which haas formed a possible ascending channel on both daily and weekly timeframes. (white dotted lines).
If the price of celsius manages to close above the $1 mark on the weekly timeframe, and we manage to brake above the $1.76 mark, then the price of celsius will reach the next level of resistance which sits at $3.379. This will be a 245% move towards the upside from the current point.
Next two levels ($4.2 & $8) of resistances together with their percentage gains are depicted on the chart.
So should you buy ? Here is what I think. If bitcoin falls to $10,000 then it will be over for celsius, and if magically bitcoin hits the $30,000 mark then I see no problem why celsius will not shine.
Research about how these two cryptos are connected, and of course stay on top of all the news.
Thanks for reading, and stay safe. Enjoy.