CLV/USDT Analysis



1. Target and Prices:


• Target areas were determined as 0.10266, 0.12466 and 0.14106 levels.


• The current price level of 0.07177 is potentially a good area to evaluate buying opportunities. From this level, a move towards the above targets can be expected respectively.



2. Support and Resistance:


• Support Levels:


• Main support: 0.07084 and 0.06253 zones.


• These levels are areas that are expected to receive a strong reaction in case the price pulls back.


• Resistance Levels:


• Initial resistance: 0.07672


• Second resistance: 0.10266


• Third resistance: 0.12466



3. Indicators:


• Moving Averages (MA): The price is trending below the short-term moving average (e.g. 20 MA), indicating that the pressure has not yet been broken.


• RSI: A recovery signal may come from the oversold area. This may increase the upside potential.


• MACD: Look for a positive crossover signal. Currently in neutral territory.



4. Formations and Formation Reversals:


• There is a falling wedge formation on the chart. This usually signals a bullish reversal.


• If the formation breaks upwards, price targets can be determined as 0.10266 and 0.12466, respectively.



5. Trend Direction:


• There is a horizontal and weak downward pressure in the short term.


• The long-term downtrend is being attempted to be broken. If this breakout occurs, the trend may change upwards.



6. Strategy and Recommendations:


• Buying Strategy: The price can be expected to react from the level of 0.07084. Purchases can be made close to this level.


• Sales Strategy: Gradual profit realization can be made at the levels of 0.10266 and 0.12466.


• Stop-Loss: A closing below the 0.06253 level may indicate that the formation may fail. You can use this level as a stop-loss.


• Risk Management: Adjust position size to suit your risk tolerance.



General Comment:


In the CLV/USDT pair, the technical picture shows that an upward breakout is approaching. Support levels look strong. However, it is important to trade considering market volatility. A potential falling wedge breakout and a move towards target levels can be expected.