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zartraderguy
Jun 1, 2022 10:54 AM

C98USDT Ready to break out? Bullish OBV and CVD Divergences Long

C98USDT SPOTBybit

Description

BYBIT:C98USDT

Coin98 is currently bouncing off the range POC. If we get bullish price action here and hold this level, we could see a breakout happening.

Bullish OBV and CVD Divergences are forming on the 30m and 1hr chart.
We also have a massive Falling Wedge pattern. If we break out of the upper trendline, we could see big moves ahead, especially if Bitcoin breaks out and starts heading towards $35000.

TP areas in the video as per levels marked on the chart.
SL according to your risk tolerance.

Not Financial Advice. DYOR. Papertrade before using real money.

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Trade Safely,
Shawn

Trade closed: target reached

Took 2 scalps during the day.
First scalp: Stopped out in profit
2nd Scalp took profit at TP1
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