Long
Clams VS Bitcoin Waiting Time
Clams have been in a heavy downtrend during past month, but it has finally found the lowest point. CLAM/BTC stopped at 38k satoshi support where it formed a double bottom. The following wave up resulted in a break above the 200 Moving Average, suggesting that Clams could continue going higher.
Nevertheless, it has rejected the 76.2% Fibonacci retracement level and a break above is required in order for Clams to start showing further strength against the Bitcoin. If/when it manages to break above the next upside resistance is seen at 141.4% Fibonacci retracement level, that is very close to 100k satoshi, a psychological round number. This resistance could play a key role in the further CLAM/BTC trend development, and the reaction of the market at that price is yet to be seen.
Nevertheless, it has rejected the 76.2% Fibonacci retracement level and a break above is required in order for Clams to start showing further strength against the Bitcoin. If/when it manages to break above the next upside resistance is seen at 141.4% Fibonacci retracement level, that is very close to 100k satoshi, a psychological round number. This resistance could play a key role in the further CLAM/BTC trend development, and the reaction of the market at that price is yet to be seen.
Nota
Clams failed to break above the resistance
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.