CELSIUS - CEL/USDT - 1H - Technical analysis published on 08/05/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 5.92 USDT
My targets
5.71 USDT (-1.38%)
5.58 USDT (-3.63%)
My analysis
CELSIUS NETWORK - CEL/USDT 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 5.92 USDT. The next support located at 5.71 USDT 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 5.58 USDT. Below this support, sellers could then target 5.30 USDT. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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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 5.79 USDT. On the day, this instrument lost -2.53% with the lowest point at 5.61 USDT and the highest point at 5.94 USDT. The deviation from the price is +3.21% for the low point and -2.53% for the high point.5.61
5.94
5.79
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this CELSIUS NETWORK - CEL/USDT chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.30 | 5.58 | 5.71 | 5.79 | 5.92 | 6.05 | 6.16 |
| Change (%) | -8.46% | -3.63% | -1.38% | - | +2.25% | +4.49% | +6.39% |
| Change | -0.49 | -0.21 | -0.08 | - | +0.13 | +0.26 | +0.37 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.25 | 5.47 | 5.71 | 5.93 | 6.17 | 6.39 | 6.63 |
| Camarilla | 5.81 | 5.86 | 5.90 | 5.94 | 5.98 | 6.02 | 6.07 |
| Woodie | 5.25 | 5.48 | 5.71 | 5.94 | 6.17 | 6.40 | 6.63 |
| Fibonacci | 5.47 | 5.65 | 5.76 | 5.93 | 6.11 | 6.22 | 6.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.69 | 5.09 | 5.67 | 6.07 | 6.65 | 7.05 | 7.63 |
| Camarilla | 5.98 | 6.07 | 6.16 | 6.25 | 6.34 | 6.43 | 6.52 |
| Woodie | 4.78 | 5.14 | 5.76 | 6.12 | 6.74 | 7.10 | 7.72 |
| Fibonacci | 5.09 | 5.46 | 5.70 | 6.07 | 6.44 | 6.68 | 7.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.32 | 3.43 | 4.84 | 5.95 | 7.36 | 8.47 | 9.88 |
| Camarilla | 5.56 | 5.79 | 6.02 | 6.25 | 6.48 | 6.71 | 6.94 |
| Woodie | 2.47 | 3.51 | 4.99 | 6.03 | 7.51 | 8.55 | 10.03 |
| Fibonacci | 3.43 | 4.39 | 4.99 | 5.95 | 6.91 | 7.51 | 8.47 |
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): | 41.28 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -7.14 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 5.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.92 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 5.90 | |
| Zig ZAG (10): | 5.79 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 42.36 | |
| TEMA (21): | 5.81 | |
| Williams %R (14): | -48.95 | |
| Chande Momentum Oscillator (20): | -0.15 | |
| Repulse (5,40,3): | -0.6100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 4.48 |
| MA7: | 6.01 | |
| MA20: | 5.73 | |
| MA50: | 5.92 | |
| MA100: | 6.39 | |
| MAexp7: | 5.81 | |
| MAexp20: | 5.85 | |
| MAexp50: | 5.86 | |
| MAexp100: | 5.90 | |
| Price / MA7: | -3.66% | |
| Price / MA20: | +1.05% | |
| Price / MA50: | -2.20% | |
| Price / MA100: | -9.39% | |
| Price / MAexp7: | -0.34% | |
| Price / MAexp20: | -1.03% | |
| Price / MAexp50: | -1.19% | |
| Price / MAexp100: | -1.86% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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