CryptoScripts

Celsius (CEL) Short Predicted!

Short
FTX:CELUSD   Celsius Token / USD
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 :)

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