It is possible that C98 could start to regain upside momentum soon.
Even though the impulsive movement is not entirely clear, I´m relying on multiple ABC wave patterns.
Wave Count: My primary count suggests there is one more leg downward needed to complete black wave C. Strong support is anticipated just above the 0.20 price level.
Technical Indicators: I...
I like this coin rn for a few reasons:
1. My proprietary blend of custom indicators, which have done amazingly well for me these past few months, are almost all flashing green.
2. We are sitting on the VRVP PoC rn and using it as support
3. The last 3 red candles look like a bull flag to me.
4. "W" pattern has formed and we used that pink ascending TL as support...
#C98
has a lovely chart don't you agree.
Thumbs up if you see that lovely inv H&S!
Linear and Log targets provided
#Altseason baby!
Make the most of it!
Coin98 is one of the multi-products in the crypto market (including Coin98 Wallet, Coin98 Exchange, and Space Gate). Despite all that, C98 has been in a downtrend. Now, it seems the price is bout to break the downtrend line. If happens successfully, an impulse wave is prone to unfold.
The descending wedge that began over a year ago is still being played out, but we seem to be in its final stages.
My primary count considers we´re in Wave C of 5, and the bottom trendline of the wedge could hold price.
The first bullish signal I´ll be watching is a breakout from the top trendline.
I've attempted before to catch a Preemptive Breakout for this coin but failed that however this time it's actually Broken Out and is showing yet another level of Bullish Divergence on the MACD and RSI so i will be attempting a second time with the same Bullish Target.
We seem to be bearishly breaking below an Ascending triangle and the RSI is breaking trend as well just as quickly as we went up we may come right back down.
So the idea here is that we are near the bottom of a ranger and are springing back above the 78.6% Retrace PCZ while are Bullishly Diverging With Positive Momentum on the MACD Histogram and we are about to do Similar things to REN from here on out.
Expecting a local rally to at least $4. Wait for a clean breakout of the falling wedge. Reversal also supported by divergences on the RSI and MACD.
As always, this is just my own view point, so DYOR!
C98 is hitting the wedge's resistance line after shooting up and then dipping below it again during the recent bitcoin dip. If Bitcoing doesn't dip again in the coming 1-2 days, I expect a breakout.
it need to consider after breaking the neckline and completing the pull back, the condition for entering in these trade are prepared. all targets are mention in the chart.
Hello traders, this is my idea on C98/USD for support and resistance on the daily time frame.
We have the Higher Low trend line.
The first line of support at 2.75 USD
The second line of support at 3.40USD, and we see confluence here with the H.L. trendline. If price holds here we should see another attempt to break the first line of resistance.
Rank #221...
C98 is completing the Elliott wave triangle in the 4th. Upon breakout the triangle, I expect there is some reaction at 3.88 and if it isnt rejected, I would ad more size in and around that level
