Hello everyone! Hopefully you've been well and successful with your trades so far this year! Wanted to give you an update to my thoughts on Clover this time on the daily timeframe for better long term tracking. Anyway, as usual nothing written here is financial advice, always do your own research, always have a well thought out trading plan, and talk with a professional when considering investments. I've owned Clover since about $0.70 and am still holding a majority of that today so take note of that bias as you read further.
We've certainly had some ups and downs since I first wrote about this project, but overall I'm still confident in my first assessment. Clover will likely go into a $8 - $32 range if demand increases. I've written about the current supply and market cap before, but to summarize Clover is only valued at roughly $220 million which leaves a lot of room for growth. Personally I think if Clover had received any amount of "Coinbase Effect" press it would have shot up to $8 much sooner. The lack of news is one thing that I have found strange since the first days of it trading.
Over the past few weeks the price has formed a nice bullish channel! I'd say if I was looking for a good entry point now would be the best time with a stop set somewhere below the support trend according to your risk tolerance and trading plan. I would like to see $2.60 by the 13th and hope for a breakout into the $8 range sometime soon afterwards. My longer timeframe oscillator is still only at 55 and showing the start of a bull phase, but it's still in testing for greater accuracy. So I don't give much weight to any visual there.
Thank you for reading through my ideas! If you disagree or point out something that's incorrect I'm more than happy to receive your feedback! Please be safe and have a nice night!
We've certainly had some ups and downs since I first wrote about this project, but overall I'm still confident in my first assessment. Clover will likely go into a $8 - $32 range if demand increases. I've written about the current supply and market cap before, but to summarize Clover is only valued at roughly $220 million which leaves a lot of room for growth. Personally I think if Clover had received any amount of "Coinbase Effect" press it would have shot up to $8 much sooner. The lack of news is one thing that I have found strange since the first days of it trading.
Over the past few weeks the price has formed a nice bullish channel! I'd say if I was looking for a good entry point now would be the best time with a stop set somewhere below the support trend according to your risk tolerance and trading plan. I would like to see $2.60 by the 13th and hope for a breakout into the $8 range sometime soon afterwards. My longer timeframe oscillator is still only at 55 and showing the start of a bull phase, but it's still in testing for greater accuracy. So I don't give much weight to any visual there.
Thank you for reading through my ideas! If you disagree or point out something that's incorrect I'm more than happy to receive your feedback! Please be safe and have a nice night!
Comment:
Well, wouldn't be a certified classic if the price didn't break out of the trend immediately on the lower timeframes. I'll keep on holding and thinking back on the day I decided to go with Clover instead of Solana lmao. Profit is profit so I can't complain too much, but I am hoping for a price recovery by the 13th.
