Celer Network (CELR) USD price live update with interactive visual and analytical tools to study chart patterns, price movements. The chart references the Celer Network cryptocurrency – CELR USD price history from the Binance exchange.
About Celer Network (CELR):
Celer Network is a leading layer-2 scaling platform that enables fast, easy, and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contracts. It enables everyone to quickly build, operate, and use highly scalable decentralized applications through innovations in off-chain scaling techniques and incentive-aligned crypto-economics.
Helpful technical indicators to study Celer Network (CELR) USD price movement:
Technical Analysis through the use of charts or volume analysis helps to forecast future Celer Network (CELR) USD (or USDT) price trends, however, do remember always that analysis can’t make absolute predictions about the future. Therefore, trade with caution.
The following are some of the technical indicators which could be useful for anticipating the most likely Celer Network (CELR) USD price movement.
Moving average convergence divergence (MACD)
MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD called the “signal line” is then plotted in addition to the MACD line which together functions as a trigger for buying or selling an asset – Celer Network (CELR).
Traders may buy the Celer Network (CELR) when the MACD crosses above its signal line (orange line) and sell, or short the Celer Network (CELR) cryptocurrency when the MACD (blue line) crosses below the signal line.
Another MACD strategy is to look at which side of zero the MACD lines are. Potential buy signals occur when the MACD moves above zero, and potential sell signals when it crosses below zero – Above zero for a sustained period of time, and the trend is likely up or Below zero for a sustained period of time, and the trend is likely down.
Relative Strength Index (RSI)
RSI is an indicator that evaluates overbought or oversold conditions in the price of an asset. The RSI is a line graph that moves between two extremes and has a reading from 0 to 100. Traditional usage of the RSI is that:
- RSI values of 70 or above indicate that an asset is becoming overbought and prime for a trend reversal or experience correction in the asset Celer Network (CELR) USD price.
- An RSI reading of 30 or below indicates an oversold or undervalued condition.
Moving average (MA) of Celer Network (CELR) USD price
MA is the average of the closing Celer Network (CELR) USD price over a given number of periods. The 200-day simple moving average is one of the most-watched activities in the price charts by mostly all experienced traders. There are two basic signals in relation to the moving average:
- If the Celer Network (CELR) USD price is above the X-day SMA, this signals a bullish movement.
- If the Celer Network (CELR) price is below the X-day SMA, this signals a bearish movement.
MA(50,200) Crossover
Another important signal is a crossover between the 50-day and the 200-day moving averages.
- When the 50-day moving average (MA) crosses above the 200-day MA, it is called a golden cross. It signals that a new bullish Celer Network (CELR) USD price trend is starting.
- When the 50-day MA crosses below the 200-day MA, it is known as the death cross (bearish crossover). This is a sign that a bear market may be starting.
On-balance volume (OBV)
OBV is another technical trading momentum indicator that uses volume flow to predict changes in the stock price. A rising price should be accompanied by a rising OBV; a falling price should be accompanied by a falling OBV.
- If OBV is rising and the price isn’t, then the price is likely to follow the OBV.
- If the Celer Network CELR USD price is rising and OBV is flat-lining or falling, the price may be near the top.
- In case the CELR price against USD is falling and OBV is flat-lining or rising, then the price could be nearing a bottom.
Helpful Chart Patterns to remember while studying Celer Network (CELR) USD Price movement
- Head and Shoulders
- Cup and Handle (bullish)
- Triangles (Symmetrical, Ascending and Descending)
- Double top and bottom [M (bearish) and W (bullish)]
- Triple Tops (bearish) & Bottoms (bullish)