Chibuike_Odoh

CLVUSDT { CLOVER FINANCE } - BULLISH SETUP

Long
BINANCE:CLVUSDT   CLV / TetherUS
ANALYSIS πŸ”Ž
- CLVUSDT is on an uptrend supported by the ascending trendline support.
- Price hit a swing high and retraced for a retest of the ascending trendline support.
- The retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price action is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.

BUY ENTRY ⬆️
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@1.1).
- Market entry: current market price.
- limit entry: test of the ascending triangle's inclined support.

TARGETS 🎯
- Horizontal resistance level (@1.148).
- Horizontal resistance level (@1.22).
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Simultaneous breakdown below the ascending triangle's inclined support and ascending trendline support.

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