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Psychometriks
Mar 28, 2024 2:17 PM

CLV vs USDT breakout done > retest in progress Long

CLV / TetherUSBinance

Description

CLV looks ready for a new bullish wave. bullish divergence on 6H/12H TF playing out and recover the daily support (orange line) is the key to keep momentum higher.

Bullish divergences playing out on 12H timeframe normally showing a potential for a bounce from the area.

Retest yellow box to enter and wait for the setup to complete next weeks.

Increase in volume (which is paramount to have a decent size move to any direction) and major Support/Resistance level (orange line) touched on daily time frame (demand zone).

You can buy yellow area according to demand > trading volume > hence previous Price Action.

Comment

CLV 8% up from buy zone
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