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Clams VS Bitcoin Waiting Time

POLONIEX:CLAMBTC   CLAMS / Bitcoin
Clams have been in a heavy downtrend during past month, but it has finally found the lowest point. CLAM/BTC stopped at 38k satoshi support where it formed a double bottom . The following wave up resulted in a break above the 200 Moving Average, suggesting that Clams could continue going higher.

Nevertheless, it has rejected the 76.2% Fibonacci retracement level and a break above is required in order for Clams to start showing further strength against the Bitcoin . If/when it manages to break above the next upside resistance is seen at 141.4% Fibonacci retracement level, that is very close to 100k satoshi, a psychological round number. This resistance could play a key role in the further CLAM/BTC trend development, and the reaction of the market at that price is yet to be seen.
Komen: Clams failed to break above the resistance
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