C98 Update - Can EMA 200 hold?based on my previous analysis on c98
There price has been rejected without creating a double top as i was expecting which could be a good sign if you are in a long bias BUT it has also broke it's RSI uptrend which is not a good sign for you long guys
there are 3 scenarios i thing gonna happen, 2 of them long because if how bitcoin might act but if you ask me the third one which is a short setup is more probably, maybe a little push lower could happen who knows ...
IF you want to go long, wait for a candle stick pattern on the current level, if you are short, wait for EMA 200 to actually break and a pull-back to it is essential
Thanks for reading :)
Trade ideas
Coin98 (C98) - October 4Hello?
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(C98USDT 1D Chart)
Due to the short period of chart formation and weak support and resistance points, careful trading is required.
First support zone: near point 3.0.
Second support section: 1.066-1.5
Resistance section: near point 4.968.
A move out of the downtrend line is emerging.
So, unless it goes below the downtrend line, it is expected to turn into an uptrend.
It is necessary to check if there is an upward movement along the uptrend line due to the volatility around October 10th.
It remains to be seen if the RS line can hold above the 80 point on the wRSI_SR indicator until the SR line rises above the 80 point.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
C98USDT Technical Analysis
⏳ Spot
💎 C98USDT has broken above the descending triangle and the major resistance. After the range it might go for a Pullback and then continues to go higher.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 3.700
☕️ TP1 4.140
🍺 TP2 4.420
🍻 TP3 5.150
🍾 TP4 6.250
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 3.200
Good Luck 🎲
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C98 long setupObserve the chart, looks like a breakout to me, I took position at the lower line of the ascending triangle.
I have leveled SL and TP levels in the chart. Thank you for feedbacks so far, I'm glad to hear you guys are making exponential gains following me.
And as always I AM NOT A FINANCIAL ADVISOR, take my setup positions at your own risk management.
🔥 C98 Bull Flag Break OutAfter a huge run-up in August, C98's trend has been dominantly bearish. However, with the current market making a massive upside move, C98 is looking like a proper investment again.
As of earlier this morning, C98 has finally broken out of the bearish channel, creating a bull flag pattern.
For this break out, the main targets are $4.4 and $5, both based at recent local tops.
Happy trading!
C98 TRADE SETUP! READY TO PUMP 100%Hello everyone, welcome to this altcoin trade setup. If you didn't follow me yet then hit the follow button for the latest market updates and profitable trade setups.
Let's get to the chart. C98 looks very promising and breakout from the big falling wedge in 4hr timeframe. If it stays above the $3.5 by the daily close then we can expect a 70-80% pump from here.
Entry range:- $3.3-$3.6
Target1:- $3.94
Target2:- $4.46
Target3:- $5.2
Target4:- $6
SL:- 2.92
Leverage:- 3x-5x
If you like this idea then hit the like button and also share your views in the comments section.
This isn't financial advice. DYOR before investing.
Thank you!
C98USDT (1D Chart) - Bullish Signal!
C98/USDT (1D Chart) Currently trading at $3.70
Buy level :Above $3.60
Stop loss: Below $2.70
TP1: $4.45
TP2: $5.57
TP3: $6.95
TP4: $9.10
Max Leverage 2x/Spot Market
Always keep Stop loss
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#C98USDT 132% Potential Rally ahead!Welcome to this quick trade setup everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
C98 is a promising project and is currently under accumulation.
The green box is the accumulation level to buy C98.
Best Entry:- $2.68 to $3.20
Targets:-
$3.93
$4.45
$4.87
$5.17
Stop loss:- $2.46
DYOR before taking this trade, This is not a financial advice.
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE






















