🍀CLV Ascending Triangle- 6th attempt?The price has been trying to break 1.338 level for almost a month now.
Can we make it this time? I think another breakout attempt is coming, and this could be a final one as the price is getting squeezed in the formation. If we see another rejection, falling down to one of the supports (1.17, 1.06) is totally possible.
Cloverfinance
CLV falling wedge breakoutLong-term
Buy: current price(1.16) and/or wait for pullback(ideally when btc pulls back as well) and as long as it holds above the upper trendline, buy any dip after
TP1: 1.33
TP2: 1.43
TP3: 1.64
TP4: 1.85
TP5: 2.15 (~85%)
TP6: OPEN++
SL: 1.024(~12%) but will move it accordingly to avg entry price
💪 CLV accumulation/Ascending Triangle!! BE EXTRA CAREFUL WITH NEW LISTINGS THEY TEND TO DO WEIRD THINGS !!
Clover.Finance is a fairly new listing on Binance. My 1-minute long research says it's a multi-chain wallet with some defi features.
The price formed an ascending triangle and is now getting rejected from key level (1.436) It may take weeks or months until we see some big moves here, so treat it as a potential long-term trade.
Entry: 1.37 (current price) -- down to 1.25 (or as long as the bottom trendline holds)
TP1: 1.436
TP2: 1.570
TP3: 1.620
TP4: 1.791
TP5: 2.018 (~54%)
TP6: OPEN++
Suggested SL:
1.174 (~10%) -- half of position size
and then rest
manual sell if needed
All given values are approximate.
Remember about risk management, especially that BTC has been quite volatile lately.
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.