I'm a $CLAM bull . Believe it or not!I still believe my 2013-2014 coin theory stands true and $CLAM will go UP UP UP!
I'm a bull I guess...
This one has been YEARS in the making...
CLAMUSD
Clams Facing Massive SupportToday CLAMS has reached 11 months low, hitting $2.27 level. This is the key support level for CLAM/USD, that has been rejected for at least 4 consecutive times during the past year. During that year price has moved in cycles, producing up and down waves.
If this cycle will continue the next wave could be starting shortly and confirmation of that could be the break above the descending channel.
At this stage price could either start to consolidate, move slightly lower, potentially to test $2 psychological support, or start a sharp rise. But it is certainly an interesting timing for CLAMS, and if support are will hold and price will stay above the $2, price might go up towards the previous support level at $13 area.
I got a feeling about good old $CLAMs (CLAM). Will it rise againI got a feeling about good old $CLAMs (CLAM). Will it live again? This is CRYPTO!
Steemit Link:
steemit.com
Rule #1: Expect the Unexpected...
Although this coin dumped hard back in October 2017, here are some factors that may indicate an impending move upwards.
DISCLAIMER:
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it, and I have no business relationship with any company member mentioned here.
I own a very small bag of $CLAM.
This is a VERY RISKY investment and this strategy is based much on speculation. I could obviously be wrong. I am not responsible for any trading decisions. PLEASE, DYOR.
INVESTMENT RISK/REWARD:
* High Risk
* Potential +69% return
* Buy Range: 40-52 sats. Sell Range 60-70-80-90+
* Time Frame: By first week of May.
QUICK MARKET QUICK OVERVIEW (APRIL 19 2018)
* MARKET CAPITALIZATION $12,731,149
* 24 HOUR TRADING VOLUME $278,117
* 24H LOW / 24H HIGH $4.07 / $4.37
* Circulating Supply: 2,969,255 CLAM
* Total Supply: 16,665,869 CLAM
RECENT
* $CLAMs (CLAM) launched in 2014. Many 2013 and later coins have mooned, but $CLAMs has not. It dumped.
* $CLAM dumped real hard late last year. Ouch!
* It's time for either a move upwards or project death. Not that many options!
MEDIA
* $CLAM was spotted at the Block Hack 2018 conference in i.imgur.com
* $CLAM was mentioned on John Oliver show LOL imgur.com
SOCIAL
* There has been extended silence across social media for many months. Little activity.
TA
* There is visible accumulation and resistance in our current range across all trading exchanges.
* Rolled into the Ichomuku cloud this past week.
DEV
* Original / Official Github has no activity or commits in over a year
* HOWEVER, @BayAreaCoins comments on Reddit on April 18 2018- "CLAM is being developed and the new wallet is about to be released after Xploited is finished testing it."
(source: www.reddit.com)
* New Wallet = Move Upwards.
TRADING AND EXCHANGES
* $CLAM trades against $DOGE, $LTC, $BTC, and $ETH.
* $DOGE has been rising steadily so maybe 'THEY" will use $CLAM as an exit?
ORDERBOOK
* Asks increasing, Sell walls moving further awayfrom average mean.
PROJECT DEVELOPMENT MYSTERY:
* The development plan shown on the official Clams website shows that the project is 90% complete - and NOT complete.
* Although their website has not been updated in a while. Another mystery remains in their development plan: Note below, the - (??% COMPLETE) Moon.
* Development Plan: CLAMmonetas. - (90% COMPLETE) Proof-Of-Working-Stake. - (70% COMPLETE) Update to Upstream Codebase. - (70% COMPLETE) CLAMshell. - (60% COMPLETE) CLAMchat. - (20% COMPLETE) CLAMtrader. - (10% COMPLETE) CLAMmarket. - (??% COMPLETE) Moon (source: clamclient.com)
WEB DEV
- The clamclient.com last header date:·Sat,·16·Dec·2017·15:46:01·GMT(CR)(LF) - Modified date is even earlier.
- Note: 4 months isn't too bad at the end of the day given the small team and the wild bear market.
MARKET DATA
Recent Data pulled from CoinMarketCap and shows increased activity across markets.
(coinmarketcap.com) as of 4/19/2018
1 Bittrex CLAM/BTC $163,573 $4.27 59.37%
2 Poloniex CLAM/BTC $108,510 $4.24 39.38%
3 Cryptopia CLAM/BTC $1,766 $4.79 0.64%
4 YoBitYoBit CLAM/BTC $1,681 $4.20 0.61%
5 BleutradeBleutrade CLAM/BTC $7 $4.79 0.00%
6 BleutradeBleutrade CLAM/DOGE $0 $3.74 0.00%
www.coingecko.com
Clams Entering a New CycleClams is one of those coins with a distinguished uptrend, and on each new wave up, it produces a new all-time high. The most recent wave up resulted in a 300% growth against the USD, while price reached a $14 high.
On a correction down, uptrend trendline once again provided the support, stopping further decline of the CLAM/USD. At the same time, a bullish divergence was formed on the RSI oscillator suggesting that price bottomed out and could be ready to resume the uptrend.
According to cycles, Clams is now ready to produce yet another all-time high, although there are few resistance levels to watch. Frist is $8 and second is $12, where the double top was formed. If Clams will manage to break above the $12-14 area, the price is likely to continue moving higher, but this time exponentially.
On a downside, if uptrend trendline is broken, CLAM/USD could go lower, towards $2 - 2.5 support area, where the buying opportunity would be extremely attractive.
Clams Uptrend ConfirmationThe overall trend of Clams remains bullish as it continuously rejecting the uptrend trendline and printing higher highs and higher lows. Today clams broke above the 61.8% strong resistance, that is at $9.2, confirming the bullish momentum.
Now $9.2 becomes a support and uptrend could accelerate while the volatility is also growing. First upside target is seen at 127.2% Fibonacci applied to the last corrective wave down after Clams produced an all-time high at $13. Fibonacci target is located at $16 and should be watched closely for potential breakout or rejection. Break above should result in a more exponential growth, while rejection might result in a corrective wave down.
On a downside note, only a break and close below the 200 Moving Average would invalidate bullish outlook.
CLAM 50% rise?If CLAM can hold this 10.00 level and this rising trend line above the consolidation range from May, then we should see prices at 12 and then 16 soon.
A pretty classic play, where price breaks out above a consolidation range, then consolidates for a few days before making a run. This base was quite big, forming since May, so if we don't fail here, we should see another big run. could coincide nicely with a BTC breakout.
Long above 10.50
Target 12, then 16
Stop under 10
