Clover Finance (CLV) to $4

A 50% correction since mid August and now multiple breakouts of resistance on price action and the oscillators. Perfect long entry.

1) The breakouts. From both Dollar and Bitcoin charts above price action has broken out following a 2-month downtrend. The same is true of the oscillators.

2) Price action moves to the upper half of Bollinger Band - look left.

3) On the Bitcoin chart multiple oscillators are showing bullish divergence with price action.

It is possible price action falls further? Sure.

Is it probable. Very unlikely.

1st target $4,

2nd target $10 to $13

Good luck!

WW

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تم إغلاق الصفقة يدويًا:

Going to close this one. Risks are on par with the probable gains at this point in time, that's no trade at all.

On the 4-day chart below a huge Gravestone DOJI candle prints, can't ignore that. Should price action move up and beyond $1.30, will then revisit. For the moment it is a closed trade.

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Opening this after the resistance above was broken. Risk management, if in doubt, get out.

تعليق:

Now have a 'incredible buy' signal on the daily.

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Regular bullish divergence emerging on the daily chart

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Random alt-tokens popping off for no reason, would expect this to do the same soon, considerable amount of bullish divergence printing following a ridiculous 80% draw-down since early December.

Will post / update others as I find them..

تعليق:

On the 5-day BTC / CLV chart a reversal pattern can be seen. It is also visible on the dollar chart. A few alt tokens are printing this pattern right now. The tall wick above the green candle informs you the appetite for selling is all but gone.

If you want to know more about this reversal pattern, read this post:

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alarms going off informing me of broken resistance