CLV
💪 CLV accumulation/Ascending Triangle!! BE EXTRA CAREFUL WITH NEW LISTINGS THEY TEND TO DO WEIRD THINGS !!
Clover.Finance is a fairly new listing on Binance. My 1-minute long research says it's a multi-chain wallet with some defi features.
The price formed an ascending triangle and is now getting rejected from key level (1.436) It may take weeks or months until we see some big moves here, so treat it as a potential long-term trade.
Entry: 1.37 (current price) -- down to 1.25 (or as long as the bottom trendline holds)
TP1: 1.436
TP2: 1.570
TP3: 1.620
TP4: 1.791
TP5: 2.018 (~54%)
TP6: OPEN++
Suggested SL:
1.174 (~10%) -- half of position size
and then rest
manual sell if needed
All given values are approximate.
Remember about risk management, especially that BTC has been quite volatile lately.
CLV, descending triangleCLV lost support at 1.492 and is now held by 1.382, if that is lost, we could take short trade to potential next support at 1,238. If we get to bounce up and breakout from this descending triangle, the next big resistance is former support at 1,492. Indicators on 1hr look like we have a chance to move up. Good luck traders
CLVUSDTCLV successfully broke out his downtrend on the 4h chart, this was likely as we saw the double bottom formed before nice nice break out.
If you didn't enter in this trade before, so wait and see if the price come to retest the downtrend line broken.
We can also see our weekly resistance is perfectly situated on the 0.618 Fibo level, this area will be important. It could be an entry point if we flip this level and retest successfully.
We are really bullish on this structure and expect no more than 65% profit on this trade. Our take profits are the Fibo levels .
All eyes on CLV!
#CLV COINPotential up move for 35% - target 2.5$
What Is Clover Finance (CLV)?
Clover Finance (CLV), or simply Clover, is a blockchain operating system. It provides a one-stop, easy‑to‑use blockchain infrastructure and an ethereum virtual machine (EVM) compatible framework for Substrate‑based applications.
Clover Finance, another offspring of the Substrate-based Polkadot parachain aims at bridging the compatibility gap when building and operating across blockchains.
The project was founded in May 2020 and the mainnet of Clover Finance launched in July 2021.
Who Are the Founders of Clover Finance?
The core founders of the Clover project are Viven Kirby, Norelle Ng and Burak Keçeli. Kirby, an experienced enterprise resource planner serves as the project lead of Clover Finance. He previously worked with AXSource as a Microsoft Dynamics Architect.
Norelle Ng, the operations lead of Clover Finance is a seasoned blockchain expert with a background in Human-Computer Interaction. She has served as an advisor for Bithumb Global and Guru Online AdBeyond (Group) Limited, as well as head of client relations at Amber Group.
Keçeli, who currently serves as the tech lead of Clover Finance, is an acclaimed computer programmer. Starting his journey at 10 years old, Burak has gone on to create MBO Games, as well as Staqq – an instant cross-border payments platform.
What Makes Clover Finance Unique?
Clover Finance was designed to offer more than a single service to users, it was built as a blockchain operating system. The network contains a storage layer, a smart contract layer, a DeFi protocol layer and an eApp layer.
The Clover network provides a full-service cross-chain decentralized finance (DeFi) bridge. It provides a flawless portal for everyone including novices into the world of DeFi. With Clover, developers can not only easily create and use DeFi, they can also create decentralized applications (DApps) that work across blockchains.
Its eApp (external application, an evolution of dApps) layer allows developers to seamlessly deploy their eApps without using other virtual machines or network bandwidth.
Clover allows relayers in a transaction to act on behalf of the sender and can cover the gas fees in the base currency while they receive compensation in the denominated asset. Where this is applied, the transaction fees are deducted from the transacted assets.
The network also has an identity-based gas fee schedule. This allows for frequent users to pay a lower gas fee based on how often they use the network.
Related Pages
Want a more technical analysis of Clover Finance? Click here for our deep dive on CLV.
Learn more about Polkadot and blockchain bridges in our deep dives.
Learn more about decentralized applications (DApps) and how they work here.
Click here to learn more about decentralized finance (DeFi).
Visit CoinMarketCap Alexandria to learn everything you need to know about cryptocurrency and more.
How Many Clover Finance (CLV) Coins Are There in Circulation?
Currently, there are 128,777,778 CLV tokens in circulation, however, there will be a maximum total supply of 1,000,000,000 CLV tokens.
The allocation of the one billion tokens are as follows: 40% are currently being distributed as ecosystem incentives (36 months vesting); 15% were sold on Coinlist; 12% will be maintained as foundation (36 months vesting); 10% will be allocated to the team of developers (36 months vesting); 10% are reserved for early backers (36 months vesting); 7.5% will be reserved for marketing (36 months vesting); 3% will be reserved as contributors grant (36 months vesting); 2.5% will be sold in a private sale to qualified investors (18 months vesting).
How Is the Clover Finance Network Secured?
Clover Finance is an open project that is collectively decided by the whole community. The CLV token is a multi-use asset in the Clover Finance ecosystem. CLV is used for governance purposes and for voting on system upgrades.
Holders of the CLV tokens can nominate node validators on the network using a single-click deployment. Nomination of validators is done using a proof-of-stake (PoS) consensus layer, meaning holders can stake their CLV tokens to validate transactions on the Clover network validator infrastructure.
The Clover system is trustless as there is no centralized governance entity. The Substrate framework and Polkadot parachain technology adopted by Clover adds extra security as well as speed of transactions to the Clover network.
Where Can You Buy Clover Finance (CLV)?
Currently, you can purchase Clover Finance (CLV) directly with fiat currencies on top centralized exchanges, or token swap on a number of exchanges. Some of the top exchanges for trading in Clover Finance are currently Binance, Coinbase Exchange, OKEx, KuCoin, FTX, Hotcoin Global, Gate.io and Bithumb Global.
Learn more about Clover Finance in our deep dive.
Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, CLV or any other token. Check out the details here.
🔥 CLV Bounce IncomingCLV is one of the newer coins on Binance. After opening strong, CLV saw a huge sell-off in the days following its initial publication on Binance.
After trading sideways for a couple of days, it appears that the bulls have returned and CLV saw a couple of strong candles. Currently we're facing a mild correction after a huge morning.
I'm expecting the price to drop further towards the red area of support, which will in turn be a great area for buying in again. Seeing the current volatility, a +20% in a day would'nt even be too far-fetched. Current target is the green area of resistance.
Happy trading!
CLVUSDT { CLOVER FINANCE } - BULLISH SETUPANALYSIS 🔎
- CLVUSDT is on an uptrend supported by the ascending trendline support.
- Price hit a swing high and retraced for a retest of the ascending trendline support.
- The retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price action is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@1.1).
- Market entry: current market price.
- limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯
- Horizontal resistance level (@1.148).
- Horizontal resistance level (@1.22).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Simultaneous breakdown below the ascending triangle's inclined support and ascending trendline support.
CLV/USDT (Kucoin) looking bullishCLV/USDT (Clover Finance) broke the triangle pattern and looking bullish after the news of getting listed in Binance. Massively undervalued at the moment. Clover got a great use case with potential growth. Best time to enter for a quick scalp or accumulate more if you're hodler.
This is not financial advice please DYOR. If you're a short term trader please use stop loss below $0.9748 or $0.7516
CLV.AX awaits for bearish confirmation2018.06.19 TA Report
Aussie Market Buy/Sell ratio = 0.40
Buys: 260 (12.6%)
Sells: 653 (31.7%)
Hold: 1148 (55.7%)
Let's see previous 5 days relative timing values by VectorVest on this stock:
19-Jun = 1.90
18-Jun = 1.84
15-Jun = 1.86
14-Jun = 1.88
13-Jun = 1.87
CLV.AX has a current Value of $1.41 per share, which is overvalued compared to its Price of $1.69 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates.
RT analyzes a stock's price trend. CLV.AX has a Relative Timing of 1.90, which is excellent on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00.
As RT hits close to 2.00, we considered CLV.AX is overbought atm. For a longer run, Midas Touch graph still look very well.
Let’s have a look on the technical analysis for more information:
Bearish Evening Star Alert
The Bearish Evening Star starts with a white candlestick and it should continue with a short candlestick (white or black) that opens with a gap up. We are waiting to see if there is a black candlestick appearing today should open at or lower than the highest level of the body of the second candlestick, and it should close well into the white candlestick that appears at the beginning of the pattern.
Today’s insights
We are waiting for confirmation for the above alert, possible retracement at Fib Ret 23.6% ($1.445). On the other hand, Ichimoku analysis found support at $1.455 (Kijun-sen)