Clams Facing Massive Support

Today CLAMS has reached 11 months low, hitting $2.27 level. This is the key support level for CLAM/USD, that has been rejected for at least 4 consecutive times during the past year. During that year price has moved in cycles, producing up and down waves.

If this cycle will continue the next wave could be starting shortly and confirmation of that could be the break above the descending channel.

At this stage price could either start to consolidate, move slightly lower, potentially to test $2 psychological support, or start a sharp rise. But it is certainly an interesting timing for CLAMS, and if support are will hold and price will stay above the $2, price might go up towards the previous support level at $13 area.

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