CLV successfully broke out his downtrend on the 4h chart, this was likely as we saw the double bottom formed before nice nice break out.
If you didn't enter in this trade before, so wait and see if the price come to retest the downtrend line broken.
We can also see our weekly resistance is perfectly situated on the 0.618 Fibo level, this area will be important. It could be an entry point if we flip this level and retest successfully.
We are really bullish on this structure and expect no more than 65% profit on this trade. Our take profits are the Fibo levels .
All eyes on CLV!
If you didn't enter in this trade before, so wait and see if the price come to retest the downtrend line broken.
We can also see our weekly resistance is perfectly situated on the 0.618 Fibo level, this area will be important. It could be an entry point if we flip this level and retest successfully.
We are really bullish on this structure and expect no more than 65% profit on this trade. Our take profits are the Fibo levels .
All eyes on CLV!
Comment:
CLV is currently accumulating below local resistance. Good feeling. Hold tight . Will be big!
Comment:
We are seeing a slow pull back to the main support at 1.22. That king of small caps coin can be manipulated byt the whales as they can inflience a lot. The projcet and taret remains the same, it should go big. Move up your stop loss to 1.15 in the case my analysis is wrong . Confidence of the trade, 8/10