CLAMS Technical Analysis for 02/01/2016 – Pivot Zone Review

The CLAMS digital currency has been slowly grinding lower since the middle of December of 2015, but price has been respecting some price level with great frequency. For instance, the 0.0032 area acted three times as support and also twice as resistance. The 0.0032 is definitely a major pivot zone and will most likely act as resistance in the future as price is currently trading around 0.002.



The 0.0027 area is another major pivot that should be marked on every trader’s chart. This level has acted as resistance about four times since the start of December. This level will be a major obstacle to any rallies!

The market is now essentially stuck in a trading channel between 0.0027 and 0.002. The 0.002 level forms the bottom of this trading range. This level has supported price since the start of January on four occasions. A break of either of these levels will be a significant development from a technical perspective and will determine the trend.



Disclaimer:  This is not trading/investment advice!

Chart source:

If you liked this article follow us on twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

No Responses

  1. Pingback: buy ephedra sinica April 25, 2023
  2. Pingback: 예능 다시보기 June 16, 2023
  3. Pingback: 주식선물 July 19, 2023
  4. Pingback: สมัคร lsm99 November 6, 2023
  5. Pingback: แทงบอล lsm99 December 9, 2023
  6. Pingback: white berry runtz December 16, 2023
  7. Pingback: check my reference February 19, 2024
  8. Pingback: Recommended Reading February 27, 2024
  9. Pingback: แผ่นติดหลังคา June 13, 2024
  10. Pingback: Dan Helmer June 16, 2024
  11. Pingback: sex bao dam July 8, 2024