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CELSIUS Price Analysis: Can the token cross the crucial zone of $5.65? 

CELSIUS Price
  • The 24 hours trading volume of the token is 12,879,830 and the low of 33.68% was seen. The live price of CELSIUS is $5.22
  • The token has shown the pattern of engulfing the bull market in the last 5 hours.
  • The RSI oscillator for CEL shows the BUY action.
Tradingview

The CELSIUS has been running well below its 200 days moving average and also below its 50 days moving average. The chart above shows the movement of the token with respect to SMA-20, SMA-50 and SMA-200. The token has shown the uptrend then the downtrend is visible. The trendline marked in the chart shows the movement of SMA-20 above and below SMA-50 and SMA-200. The CEL trailed above these SMA’s and marked the high of 7.0800 which in today’s scenario is completely opposite. However, CELSIUS is gaining momentum as the candle formation is touching SMA-50 and so the returns are increasing. On an average, approximately 15-20% returns are marked in this falling timeframe. 

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 59.897 and marks the buy action. MA-5, MA-10, and MA-20 show the buy action as well. However, the CEL at present is all set to buy as the candles are making wick higher.

The bull/bear power has the value of 0.04569 and shows the buy action. The high/low marks the buy action with the value of 0.2714.

Celsius issued a statement indicating that it is not affiliated with Bilaxy exchange and that it has not listed the $CEL token with them.

The CEL-BTC pair is trailing at the level of 0.0001634 and the high of 4.84% was seen whereas the ETH-ETH pair is trailing at the level of 0.002648 and the gain by 1.26% was seen in the last 24 hours. The token has shown a percentage gain of 8.97% since yesterday’s open.

The volume/market cap of the token is 0.010332 and its market dominance is 0.10%.

Conclusion: The days range for the coin is 5.7293-5.9080 and presently is at 5.23. The token is expected to show rise in the coming time and if you wish to purchase this token then long it as SMA-20 is below SMA-50 and 200 and have profits in the falling time. If you have already purchased the token then sell it if you have attained the decent returns. 

It is the circle marked in the chart showing the same pattern as today. If the token reaches that surface then do make a sell action. Do not wait for it to move higher than it(circle) as that would be risky.

Technical Instruments:

Pivot: 5.8146

R-1: 5.8829

R-2: 5.9251

S-1: 5.7463

S-2: 5.7041

(Note- The unit is USD)

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour