We could see a potential reversal in C98.
I added some support/resistance as well as the possible direction of candlestick.
Incase of pattern failure, we can see it have strong support at price area $2 and stronger support at $1.9, but I seeing those three rejection in $2.1 could be a good confirmation that the pattern are well respected. It also respect the Fibb.
If you want to take advantage of the pattern, you can set some buy orders (DCA Strategy) at those support areas (increase amount the lower it goes) and have a sell orders at resistance area. And if you have the same idea as mine and believe it so much you can have a sell at $2.6/2.7 price area which has greater resistance.
Also consider how BTC moves because it affect almost all coins.
Thank you!
Like and follow for more easy to understand analysis.
PS: This is just an idea that you can add up to your plans, always have a backup plan.
C98USDT
BTCUSDT
I added some support/resistance as well as the possible direction of candlestick.
Incase of pattern failure, we can see it have strong support at price area $2 and stronger support at $1.9, but I seeing those three rejection in $2.1 could be a good confirmation that the pattern are well respected. It also respect the Fibb.
If you want to take advantage of the pattern, you can set some buy orders (DCA Strategy) at those support areas (increase amount the lower it goes) and have a sell orders at resistance area. And if you have the same idea as mine and believe it so much you can have a sell at $2.6/2.7 price area which has greater resistance.
Also consider how BTC moves because it affect almost all coins.
Thank you!
Like and follow for more easy to understand analysis.
PS: This is just an idea that you can add up to your plans, always have a backup plan.
C98USDT
BTCUSDT
