CLVUSDT trade ideas
test stratejyPrice tightness in the triangle is observed in one hour time frame. Also, the support of the trend line. We must wait for the triangle to break from above and reach the goals.
CLV - Target 60% Profit (4H)CLV - Target 60% Profit (4H)
CLV - Target 60% Profit (4H)
CLV - Target 60% Profit (4H)
CLV - Target 60% Profit (4H)
CLV - Target 60% Profit (4H)
🔥 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