Clams Still Down After Heavy Drop

Clams have gone through a massive drop on the 13th of October, losing 77% to Bitcoin in just a few hours. After such a strong decline it is not easy to recover and CLAMS/BTC continues to move south without being able to find the grown under the feet.

Clams could try to go higher but overall, the 200 Moving Average should act as a resistance and unless broken continuation of the downtrend should be anticipated. The support is seen at 127.2% Fibonacci retracement level at BTC 0.00041. If Clams to go lower and reject this support, then the reversal up is possible, which would also apply if it breaks above 200MA – BTC 0.0007.

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