Celsius / US Dollar Cryptocurrency Forecast

Volatile ride for Celsius / US Dollar cryptocurrency price on Thursday moving between $0.148 and $0.163
(Updated on Apr 25, 2024)

CELUSD Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Celsius / US Dollar has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Celsius / US Dollar cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.212. On a fall, the cryptocurrency will find some support from the short-term average at $0.161. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Saturday, March 30, 2024, and so far it has fallen -56.71%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Celsius / US Dollar cryptocurrency

On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.148 and $0.137. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Celsius / US Dollar finds support just below today's level at $0.148. If this is broken, then the next support from accumulated volume will be at $0.137 and $0.134.

This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0157 between high and low, or 10.62%. For the last week, the cryptocurrency has had daily average volatility of 7.02%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CELUSD) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Celsius / US Dollar to open at $0.158, and during the day (based on 14 day Average True Range), to move between $0.142 and $0.184, which gives a possible trading interval of +/-$0.0209 (+/-12.84%) up or down from last closing price. If Celsius / US Dollar takes out the full calculated possible swing range there will be an estimated 25.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.164 (0.71%) than the support at $0.148 (9.21%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Celsius / US Dollar cryptocurrency A Buy?

Celsius / US Dollar holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.

Current score: -1.556 Sell Candidate Unchanged

Predicted Opening Price for Celsius / US Dollar of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.