Clams Entering a New Cycle
Updated
Clams is one of those coins with a distinguished uptrend, and on each new wave up, it produces a new all-time high. The most recent wave up resulted in a 300% growth against the USD, while price reached a $14 high.
On a correction down, uptrend trendline once again provided the support, stopping further decline of the CLAM/USD. At the same time, a bullish divergence was formed on the RSI oscillator suggesting that price bottomed out and could be ready to resume the uptrend.
According to cycles, Clams is now ready to produce yet another all-time high, although there are few resistance levels to watch. Frist is $8 and second is $12, where the double top was formed. If Clams will manage to break above the $12-14 area, the price is likely to continue moving higher, but this time exponentially.
On a downside, if uptrend trendline is broken, CLAM/USD could go lower, towards $2 - 2.5 support area, where the buying opportunity would be extremely attractive.
On a correction down, uptrend trendline once again provided the support, stopping further decline of the CLAM/USD. At the same time, a bullish divergence was formed on the RSI oscillator suggesting that price bottomed out and could be ready to resume the uptrend.
According to cycles, Clams is now ready to produce yet another all-time high, although there are few resistance levels to watch. Frist is $8 and second is $12, where the double top was formed. If Clams will manage to break above the $12-14 area, the price is likely to continue moving higher, but this time exponentially.
On a downside, if uptrend trendline is broken, CLAM/USD could go lower, towards $2 - 2.5 support area, where the buying opportunity would be extremely attractive.
Note
clams right at the supportNote
clams rejected support
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