Hello dear Traders,
Here is my idea for #Coin98
Price finds support at monthly pivot S1 line.
Daily inside bar has been formed and we will wait for a close above the yellow trigger line (0.425$) in the 4h chart to enter the trade.
Profit target 0.76$ and stop 0.35$.
Risk Reward ratio 4.2
Please feel free to ask any question in comments. I will try to answer all! Thank you.
About #Coin98
Rank 267 by marked cap
Coin98 is a decentralized finance (DeFi) solution that allows users access to cross-chain swaps, staking and yield farming.
To learn more about this project, check out our deep dive of Coin98.
Coin98 aims to fulfill untapped demand in the industry and become a Gateway bridging TradFi users to any DeFi services on multiple blockchains. It accomplishes this mission through a full suite of products, including Coin98 Wallet, Coin98 Exchange, and Space Gate (cross-chain bridge).
Coin98 Wallet: Allows users to store, send, receive, manage crypto assets and connect to numerous dApps on multiple blockchains. It supports over 40 blockchains such as Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, Terra, etc on both mobile (iOS & android) and Chrome extension versions.
Coin98 Exchange: A multi-chain liquidity aggregator that supports assets across a variety of blockchains, including but not limited to Ethereum, Binance Smart Chain, Solana, Avalanche and Polygon.
Source: Coin98 price today, C98 to USD live, marketcap and chart | CoinMarketCap
About Pivot Lines
The term monthly indicates that the pivot levels are calculated using the prior month’s high, low and closing price. The basic formulas are now well-known and pivot calculators are readily available on Tradingview.
If a market closes above the monthly pivot, then the trend is positive, and closing below the pivot is negative. In a positive market, you look for prices to pause, or maybe even reverse, at the first pivot resistance level (R1). If that level is exceeded, then the R2 is the next level to watch. Conversely, when a market drops below the monthly pivot, then the first downside target is the first pivot support (S1), and the second support is S2.
Source: Learn How To Use Monthly Pivot Analysis (forbes.com)
Here is my idea for #Coin98
Price finds support at monthly pivot S1 line.
Daily inside bar has been formed and we will wait for a close above the yellow trigger line (0.425$) in the 4h chart to enter the trade.
Profit target 0.76$ and stop 0.35$.
Risk Reward ratio 4.2
Please feel free to ask any question in comments. I will try to answer all! Thank you.
About #Coin98
Rank 267 by marked cap
Coin98 is a decentralized finance (DeFi) solution that allows users access to cross-chain swaps, staking and yield farming.
To learn more about this project, check out our deep dive of Coin98.
Coin98 aims to fulfill untapped demand in the industry and become a Gateway bridging TradFi users to any DeFi services on multiple blockchains. It accomplishes this mission through a full suite of products, including Coin98 Wallet, Coin98 Exchange, and Space Gate (cross-chain bridge).
Coin98 Wallet: Allows users to store, send, receive, manage crypto assets and connect to numerous dApps on multiple blockchains. It supports over 40 blockchains such as Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, Terra, etc on both mobile (iOS & android) and Chrome extension versions.
Coin98 Exchange: A multi-chain liquidity aggregator that supports assets across a variety of blockchains, including but not limited to Ethereum, Binance Smart Chain, Solana, Avalanche and Polygon.
Source: Coin98 price today, C98 to USD live, marketcap and chart | CoinMarketCap
About Pivot Lines
The term monthly indicates that the pivot levels are calculated using the prior month’s high, low and closing price. The basic formulas are now well-known and pivot calculators are readily available on Tradingview.
If a market closes above the monthly pivot, then the trend is positive, and closing below the pivot is negative. In a positive market, you look for prices to pause, or maybe even reverse, at the first pivot resistance level (R1). If that level is exceeded, then the R2 is the next level to watch. Conversely, when a market drops below the monthly pivot, then the first downside target is the first pivot support (S1), and the second support is S2.
Source: Learn How To Use Monthly Pivot Analysis (forbes.com)