Breakdown:
Heavy sell timeframe (Highlighted in Red box) from 2/23 to 3/8. Looks like $9 is the Resistance level here. Possible that this takes around the same amount of time to complete run back up (Highlighted in Green box) with a completion date of 4/30 that would put us back in the $11 price. CLOV might have a few volatile days along the way but I'm pretty confident in a $11 PT. I don't see this going down past $7.30 for long before bouncing back so not much to risk here really.
I'm not sure how much higher this could reach if/when it reaches $11, FOMO would likely be in "full effect" at that point.
*Support, Resistance, and Price Target Marked in chart*
Will try to update as days progress.
Lets see how this plays out!
*Please leave a like if you find this idea helpful, thanks*
Heavy sell timeframe (Highlighted in Red box) from 2/23 to 3/8. Looks like $9 is the Resistance level here. Possible that this takes around the same amount of time to complete run back up (Highlighted in Green box) with a completion date of 4/30 that would put us back in the $11 price. CLOV might have a few volatile days along the way but I'm pretty confident in a $11 PT. I don't see this going down past $7.30 for long before bouncing back so not much to risk here really.
I'm not sure how much higher this could reach if/when it reaches $11, FOMO would likely be in "full effect" at that point.
*Support, Resistance, and Price Target Marked in chart*
Will try to update as days progress.
Lets see how this plays out!
*Please leave a like if you find this idea helpful, thanks*
Comment:
Seems like Bull run is confirmed.
Trade closed: target reached