Short C98C98 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.
Trade ideas
C98usdt Trading opportunityPrice hitting very strong support zone after hitting ATH in August 2021. At same time spotted completed 5 corrective waves.
This support also equivalent to bottom trendline of downtrend channel. We should expect some relief rally to step in from here. Although it will not be a straight up move.
The idea here will be to accumulate within the zone and always make sure to apply good money management.
C98 - Listed on Coinbase but that was a trap for bulls🐮Reasons to take short
⭐️ BTC bearish
⭐️ Trendline is clear
⭐️ Volume at top
⭐️ Trapped a lot of bulls with listing
⭐️ 5th touch
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
C98USDT Ready to break out? Bullish OBV and CVD DivergencesBYBIT: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.
If this analysis helped you, please give it a thumbs up and follow.
Trade Safely,
Shawn
C98 a nice ride?Fundamentals:
+/- DEFI Agregator
+/- DEX
+Cross Chain
Opinion:
Just another copy of 1inch with extra Defi/Yield features and CrossChain. Unlikely to pump outside token-economics shifting events.
This is not intended or made to constitute any financial advice.
Notes on how I personally use of my charts/NFA:
Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED Neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor .
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C98 hit the targetHello trading view community. Should you like this analysis please support with likes and comment your idea below the analysis please. Thanks.
Never risk more than you can afford to lose.
Always DYOR.
C98 made a history today, It hit not only to our price expectation, but it dropped to ($0.34), then shadoed up, still market may crash more due to BTC
If BTC crashes more tomorrow again, one may expect C98 crash to ($0.25).
This is a personal idea and I am not a financial adviser.
No support remained for C98Hello trading view community. Should you like this analysis please support with likes and comment your idea below the analysis please. Thanks.
Never risk more than you can afford to lose.
Always DYOR.
C98 has already broken all its weekly and daily support levels, and from now on it is making ground for future, and it is running deep in downtrend channel.
If BTC goes bearish and drops more, one may obtain C98 in as low price as $0.50 which will be really sweet deal.
This is a personal idea and I am not a financial adviser.
NO DRAMA - YOU KNOW WHERE TO BUY AND WHERE TO SELLHELLO GUYS
This is WeOOO
c98 backed by binance
binance labs invested in their project
chart looks clear as water
leave some place for wicks and cz wicks
HODL and you know where to SELL
keep the SL in ur brain
thanks again
Remember again MR. weOOO doesnt have money to buy so you guys enjoy the gains!!!!!
C98USDT BUTTERFLY PATTERNButterfly
The Butterfly Pattern is a distinct 5-point extension structure that was discovered by Bryce Gilmore and further defined by Scott Carney. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies at 0.786 and the PRZ consists of 3 converging harmonic levels: 1) 1.27 extension of the primary XA leg, 2) AB=CD pattern, either equivalent or 1.27 and 3) Extreme BC projection of 2.00, 2.24 or 2.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 1.41 extension of XA. Conservative traders look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures.