Long
The chart represents the technical analysis of CLV/USDT on the 1
The chart represents the technical analysis of CLV/USDT on the 12-hour timeframe. Here's the detailed breakdown:
Key Observations:
Symmetrical Triangle:
The price is forming a symmetrical triangle, signaling potential breakout scenarios.
Currently, the price is consolidating near the triangle's apex, increasing the likelihood of a sharp move soon.
Harmonic Pattern:
A potential harmonic structure is forming, indicating a bullish setup if the breakout happens to the upside.
Support and Stop Loss:
Support Zone: 0.10177 USDT – A critical area where price may bounce.
Stop Loss: 0.06871 USDT – Marked below the lower structure to manage risks.
Resistance Levels:
Immediate breakout above the triangle could lead to a significant move toward the higher targets.
Target Levels:
Target 1: 0.30144 USDT (Projected breakout level with a potential 296% gain from current levels).
Target 2: 0.40321 USDT (Further extension point based on harmonic analysis).
Scenarios:
Bullish Breakout:
If the price breaks above the symmetrical triangle, the targets of 0.30144 USDT and 0.40321 USDT are achievable.
The bullish momentum could accelerate due to the tight consolidation.
Bearish Breakdown:
If the price falls below 0.10177 USDT, the bearish scenario may play out.
A break below the 0.06871 USDT stop-loss level indicates invalidation of the bullish setup.
Recommendations:
Entry Strategy: Look for a confirmed breakout above the triangle for a safer entry.
Stop Loss: Place it below 0.06871 USDT to limit downside risks.
Take Profit:
TP1: 0.30144 USDT.
TP2: 0.40321 USDT.
Key Observations:
Symmetrical Triangle:
The price is forming a symmetrical triangle, signaling potential breakout scenarios.
Currently, the price is consolidating near the triangle's apex, increasing the likelihood of a sharp move soon.
Harmonic Pattern:
A potential harmonic structure is forming, indicating a bullish setup if the breakout happens to the upside.
Support and Stop Loss:
Support Zone: 0.10177 USDT – A critical area where price may bounce.
Stop Loss: 0.06871 USDT – Marked below the lower structure to manage risks.
Resistance Levels:
Immediate breakout above the triangle could lead to a significant move toward the higher targets.
Target Levels:
Target 1: 0.30144 USDT (Projected breakout level with a potential 296% gain from current levels).
Target 2: 0.40321 USDT (Further extension point based on harmonic analysis).
Scenarios:
Bullish Breakout:
If the price breaks above the symmetrical triangle, the targets of 0.30144 USDT and 0.40321 USDT are achievable.
The bullish momentum could accelerate due to the tight consolidation.
Bearish Breakdown:
If the price falls below 0.10177 USDT, the bearish scenario may play out.
A break below the 0.06871 USDT stop-loss level indicates invalidation of the bullish setup.
Recommendations:
Entry Strategy: Look for a confirmed breakout above the triangle for a safer entry.
Stop Loss: Place it below 0.06871 USDT to limit downside risks.
Take Profit:
TP1: 0.30144 USDT.
TP2: 0.40321 USDT.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Subscribe to my Telegram Channel 👉 :
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Subscribe to my X 👉 : x.com/VIPROSETR
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Subscribe to my X 👉 : x.com/VIPROSETR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.