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TheBrko
Nov 20, 2021 9:50 PM

CLV - a hidden gem waiting to be discovered Long

Clover Finance / United States DollarCoinbase

Description

Some of the top exchanges for trading in Clover Finance are currently Binance, Coinbase Exchange, OKEx, KuCoin, FTX, Hotcoin Global etc.

The project was founded in May 2020 and the mainnet of Clover Finance launched in July 2021.

Rarely new project get listed on all major exchanges is such a short time period and with so small Market Cap ($148 Mil.)

Since listing, price is creating large triangle pattern witch will explode once crowd spot it. Even if you are not fan of the project for some reason, availability on all major exchanges can create massive purchasing thrust and 1 Billon Market Cap wouldn't surprise me at all.

With recent BTC dump, CLV price bottomed at 1.05$ as it is in October which created potential double bottom (if BTC don't dump to 52k level, check BTC short term analysis)


As only bigger resistance I see 1.8$, but when volume kicks in, it will be broken fast. Once Anchored VWAP is turned into support (blue line apox. 1.35$) the party will begin!

Thanks for reading!
Comments
BlueJane69
I agree. Tbh its gonna be tough for it to break the 1.05 level of support if BTC dumps to 52k (plus the 1.00 psychological level of support). The lowest I've seen it go was .85 when BTC dumped over 55% to 28k. Honestly the only reason I looked at this coin is because I see many Clover machines when I go to small businesses, but I looked at the technical aspects of the coin and it looks very nice. This, being a close bottom, and with the current pattern makes me confident. Of course nothing is certain in crypto lol.
BlueJane69
@BlueJane69, UPDATE: Clover did briefly touch 1.04 when BTC crashed to 53k today. I still believe that we've reached the floor. I don't see Clover going any lower than 1.00 (psychological level,) worse case if BTC goes to 48k. If BTC does anything crazy, like go much lower than 48k then its probably back to .85 for Clover, but thats the basement, opposed to the floor we're at. Everytime Clover is about to break out BTC seems to crash and drag Clover back to its floor. The fact Clover pumped 22% yesterday (to 1.33) says alot about it wanting to break out, but that requires BTC not falling every other week lul. This just makes me even more bullish that Clover refuses to go any lower then its presumed floor at 1.05. I feel like HOLDers are the only ones holding this coin which is a good spot to be. Time will tell and good luck everyone!
BlueJane69
@BlueJane69, Update to the Update lol. Clover touched 1.03 when BTC crashed to 51.5k today. Almost every coin was down by a fairly decent amount today, yet Clover is still hovering around this range. It does NOT want to fall much lower from its current stance. I'd say now is a great time to get into it considering its cemented itself from dipping any lower. Time will tell and happy trading everyone!
lanehammet22
Just longed it. Planning to HODL. Great fundamentals
colorblue
pay attention to this one it looks like a breakout soon. daily and four hour RSI looking ripe
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