Crypto Of The Day: Clams
Clams has just broken the trend line from September 29 in the two-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Clams is currently in the fifth wave in the four-hour chart. The wave one started on August 30 and finished on September 1. The wave two correction ended on September 3. The third wave finished on September 9 and the fourth wave correction ended on September 11. If my wave count is correct, we are going to take out the September 9 peak in coming weeks.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, I believe Clams has completed the first wave (sub-waves i-v) on August 10, 2015 and the second wave (sub-waves abc) on June 13. In the weekly chart we should be in the third wave currently.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Clams.
Good report thanks
Thank you Simon.
I used to hold Clams in casino investments, and it hasnt gone anywhere in the long term, it's pretty much where it started, but i managed to sell them before the crash 1 year ago. I am considering buying them back and investing. The price going up + the casino returns is pretty good in my opinion.
Good move. I believe now is a good time to re-enter.