Ethereum failed to clear a key price hurdle this Monday, reinforcing near-term Ethereum price prediction bets. Bitcoin price rolled over last Thursday after markets underwent some correction. Yield prices collapsed and dragged equities with them. Safe havens were sharply in favor, and riskier assets, like cryptocurrencies, got thrown off the books.
CLVA once again looks bullish with several technical analyses and fundamentally strong support by the community.
Exponential Moving Average (EMA) 9 and 18 in a 4-hour auto chart at DEXTOOL is indicating bullish sentiment. This is nothing new, as the same thing happened 10-15 days back but due to several market FUDs and an increase in fear factors, the price took a U-turn after hitting a 2$ price.
The good news is that the same or similar thing could happen in the coming few days, as the holders who have staked CLVA for passive income and new investor/traders who took entry near the 1$ to 1.2$ range are eagerly waiting for a confirmed rally towards 2$ price makes like previously.
Relative Strength Index (RSI) looks great at this point, moreover, there are slight chances of having a decline but that will be due to quick profit booking by the retail and day traders.
Historical Volatility (HV) in the 4-hour chart is currently at 66 (60-70 range) which means that the CLVA isn’t very volatile at the moment.
Elliot Impulse Wave (12345) is getting prepared for a bull run. As you can see in the chart above in a 4-hour interval along with Fibonacci retracement clearly indicating a possible small-term bull run i.e. a quick rally towards 2$ very soon.
Trend Strength Index is getting stronger meaning the price for CLVA might experience in decline for a smaller period. In a longer-term the CLVA has a strong fundamental and CLVA holding by the community which can ensure long-term growth for the project as well as value appreciation of the asset too.
Clever Defi Resistance and Support Levels (24 hours) for day traders
Classic
R3 : $1.36000
R2 : $1.37000
R1 : $1.35000
Pivot : $1.36000
S1 : $1.34000
S2 : $1.35000
S3 : $1.33000
Fibonacci
R3 : $1.37000
R2 : $1.36618
R1 : $1.36382
Pivot : $1.36000
S1 : $1.35618
S2 : $1.35382
S3 : $1.35000
Camarilla
R3 : $1.33275
R2 : $1.33183
R1 : $1.33092
Pivot : $1.36000
S1 : $1.32908
S2 : $1.32817
S3 : $1.32725
What is CLEVER DEFI (CLVA)?
CLEVER is a DEFI (Decentralized Finance) Protocol that distributes AUTOMATIC INTEREST PAYMENTS to all CLVA Token Holders on a pre-programmed routine cycle schedule over 888 fortnightly cycles taking exactly 34.15 years to complete.
Up to 11% Compound interest PAID FORTNIGHTLY with guaranteed automatic payments for all CLVA Token holders
Think of CLEVER as the digital smart way to STORE YOUR WEALTH which pays a significantly greater interest rate compared to a now outdated everyday bank account paying little to no interest.
