Bitcoin and altcoins at the same time are recording sharp price drops. The entire crypto market showed its bearish side in the past trading week. At the beginning of the week, sales on the market as a whole increased further. Following the key crypto currency on its way to USD 30,000, almost all of the top 100 Altcoins show double-digit price drops.
The crypto market was again weak in the past trading week. In addition to persistently negative news about the Binance .com crypto exchange, the release of around 40,000 Bitcoin from the Grayscale Fund in the last few days of trading has also contributed to investor uncertainty. The non-fungible token (NFT) and decentralized finance (DeFi) sectors are also weak again after two previous bullish weeks and are giving up a large part of their profits.
Though the market decline is a major point of concern for 90% of the retail investors, some smart whales are actually more into buying the dip with some new coins which are not too much influenced by the dominance of BTC.
CLVA made a new low for the first time: Could be the best time to buy and HODL
After a very long time, CLVA recorded a new low for the first time i.e. 0.6$ which is 40% below its strongest resistance.
For some retail or small investors, this might be a huge concern about the future of the CLVA token and project, but for some capital firms and mid-large sized investors, this could be the best time to invest and gain at least 40% gain with a simple Fibonacci Retracement or a market pullback.
RSI went down with the fall of price – that’s a good sign!
As you can see in the chart above, RSI went down with price fall and have touched oversold zone many times. This means that the CLVA token hasn’t lost its potential, this fall is due to BTC fall last night and small corrections in all altcoins.
Since RSI indicates CLVA token is nearly oversold, makes it the best time to invest for some people and make quick profits in a small period of time.
MACD giving a bearish signal: nothing to worry about
MACD is giving bearish signals, as per the chart above in a 4 hour time frame. Due some of you may take trades in the basic of this indicators, but at present the only reason MACD is giving bearish signals is PANIC selling.
So theoretically, there is nothing to worry about the price action and sudden fall or decline in the price. CLVA is responding in relation to the other altcoins too.
Clever Defi Resistance and Support Levels (24 hours)
R3 : $1.03892
R2 : $0.94305
R1 : $0.79685
Pivot : $0.70098
S1 : $0.55479
S2 : $0.45891
S3 : $0.31272
R3 : $0.94305
R2 : $0.85058
R1 : $0.79345
Pivot : $0.70098
S1 : $0.60851
S2 : $0.55138
S3 : $0.45891
R3 : $0.71724
R2 : $0.69505
R1 : $0.67286
Pivot : $0.70098
S1 : $0.62848
S2 : $0.60629
S3 : $0.58410
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.