Nothing 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...
During 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....
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...
After a great few short squeeze attempts, Celsius has been trading sideways for a few weeks. Now looks to be breaking down. Needs to hold the support, or it could be heading to 80c.
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:...
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...
Celsius Short squeeze
Celsius Network is bankrupty and heavily shorted token.
More open positions token on short are opened than token available (the supply is locked by chapter 11 bankruptcy)
#celshortsqueeze
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...
On 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...
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...
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...
We have a lovely INV H&S pattern on a daily TF. All the bad news seems like they are priced in the chart. I can see a potential move to $3.6.
Let it happen people for the future of CEFI and DEFI.
