C98 has been one of the most volatile cryptos since the big drop of BTC on 11th May. It recovered more than 120% since the local bottom.
Today, it broke its trendline (on 4H TF). Also, the RSI's one was broken. Retest of these trendlines seems to be on-going. I think that C98 will be rejected (by trendlines) and will continue to go down. My expected targets are presented in chart, for this "short" scenario.
Today, it broke its trendline (on 4H TF). Also, the RSI's one was broken. Retest of these trendlines seems to be on-going. I think that C98 will be rejected (by trendlines) and will continue to go down. My expected targets are presented in chart, for this "short" scenario.
Trade closed: target reached:
All targets were hit (30% gain) in just 1 day.