CLV
🔥 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)