TheTrex

CLAMBTC - Trendline Analysis

CLAM is both traded at Poloniex and Bittrex, it has dumped a while back and has been silent since then, at least that is how linear charts look because on logarithmic we can clearly see the trend in a better perspective. In this chart we got the absolute top and downtrend support creating this large triangle which is consolidating, if this would break out in the future we can expect a larger breakout. So far I've seen some fractals that look quite familiar and labeled them in Phases. The fractal I copied also fits the trend lines and would make a good expectation. T

rade with good risk management and should be okay, happy trading!
-TheTrex
Comment: What we want to watch is a break above the yellow dashed line, this would result in a (small) breakout.