http://themerkle.com/speculation/clams-technical-analysis-for-06232015/The CLAMS digital currency was in a very tight grind for most of May and June, but the market finally managed to break above the 0.00585 resistance area. If we examine the 4-hour chart and take a look at the trading activity all that way back to mid-April – it becomes clear why this area is of technical significance. The 0.00585 zone was used as resistance (blue arrows) by the market several times between April, May and June. The market has respected this area quite a number of times. If the market comes back down to 0.00585 in the near future, it is likely that this area will now act as support (green arrow), or at least provide some pause to any downward momentum.
