As my follower @shermaine2000 requested, I’ll analyze CLNE today!
There’s a possible V-shape recovery on progress here, target at 10.97. The RSI was oversold, and this favors our idea here. What’s more, it just hit the support at 10.50.
But there’re two problems: The 20ma and the 10.68. Both points can make the price struggle, and this would ruin the V-shape thesis, if we close under these ponts today.
CLNE must quickly break these resistances, or it’ll just hit the next support, at 10.21.
The chances are that we’ll see a bullish run next, the question is: When? The RSI was oversold in the 30min, but in the daily chart it is just ok.
The 10.21 is a bottom for CLNE, and the 20ma is close to this support too. I would say that CLNE is more bullish than bearish, and I’ll set at target at 14. The challenge is in the resistances in the 30min, that could make it move erratically in the next few days.
This is my honest view about it. I hope it helps!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
There’s a possible V-shape recovery on progress here, target at 10.97. The RSI was oversold, and this favors our idea here. What’s more, it just hit the support at 10.50.
But there’re two problems: The 20ma and the 10.68. Both points can make the price struggle, and this would ruin the V-shape thesis, if we close under these ponts today.
CLNE must quickly break these resistances, or it’ll just hit the next support, at 10.21.
The chances are that we’ll see a bullish run next, the question is: When? The RSI was oversold in the 30min, but in the daily chart it is just ok.
The 10.21 is a bottom for CLNE, and the 20ma is close to this support too. I would say that CLNE is more bullish than bearish, and I’ll set at target at 14. The challenge is in the resistances in the 30min, that could make it move erratically in the next few days.
This is my honest view about it. I hope it helps!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.