As my follower @shermaine2000 requested, Iโll analyze CLNE today!
Thereโs a possible V-shape recovery on progress here, target at 10.97. The RSI was oversold, and this favors our idea here. Whatโs more, it just hit the support at 10.50.
But thereโre two problems: The 20ma and the 10.68. Both points can make the price struggle, and this would ruin the V-shape thesis, if we close under these ponts today.
CLNE must quickly break these resistances, or itโll just hit the next support, at 10.21.
The chances are that weโll see a bullish run next, the question is: When? The RSI was oversold in the 30min, but in the daily chart it is just ok.
The 10.21 is a bottom for CLNE, and the 20ma is close to this support too. I would say that CLNE is more bullish than bearish, and Iโll set at target at 14. The challenge is in the resistances in the 30min, that could make it move erratically in the next few days.
This is my honest view about it. I hope it helps!
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
Thereโs a possible V-shape recovery on progress here, target at 10.97. The RSI was oversold, and this favors our idea here. Whatโs more, it just hit the support at 10.50.
But thereโre two problems: The 20ma and the 10.68. Both points can make the price struggle, and this would ruin the V-shape thesis, if we close under these ponts today.
CLNE must quickly break these resistances, or itโll just hit the next support, at 10.21.
The chances are that weโll see a bullish run next, the question is: When? The RSI was oversold in the 30min, but in the daily chart it is just ok.
The 10.21 is a bottom for CLNE, and the 20ma is close to this support too. I would say that CLNE is more bullish than bearish, and Iโll set at target at 14. The challenge is in the resistances in the 30min, that could make it move erratically in the next few days.
This is my honest view about it. I hope it helps!
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.