C98 / USDT
After breakout from gaint falling wedge
price find a new range (triangle pattern )
In Simple analysis :
Resistance around 4$ if breakout + hold = moving higher
Loss support around 3$-2.8$ = dump
Hope this analysis help who interested in this coin
C98 formed a symmetric triangle pattern and it's going to pullback to the last high price, which is formed earlier. It could be a good choice for investing if it completed its pullback. It also has a AB=CD pattern
Today we would like to bring to your attention C98 /USDT currency pair, which was very hot in the last month, because it showed +8400% growth since the launch of trading on Binance
Coin98 is a multi-chain and multi-currency Defi platform that supports asset exchanges from different blockchains. This multifunctional feature is singled out as the main reason for...
C98 ATH was August , took a plunge for correction as expected after such run . It started to make its way back into recovery.
Bottomed out at $2.7. Made another Higher Low , that's good sign of recovery.
Ascending triangle is playing nicely with HLs
Now within a forming breakout triangle .
Many people FOMO'ed in at $3,78, $3,27 . This is a strong backing...
Soon as we break that 0.5 fib level on my chart, it'll coincide with the break of the trendline dating back several weeks. C98 is a big mover, it doesn't believe in slow and steady. We either rocket ship up or we plunge so do be careful. This is further backed by the Bollinger Band being squeezed right now on the daily. That's the bigger indication here.
Given that everyone knows this currency is one of my favorite currencies and I believe that in the future it will give very good profits to the holders of this currency, but those who want to fluctuate with , when the trade line break it will go to 5.2 , its 38% profit.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market and lower
target: 4.4 - 5 - 6 - 8
after first target reached move ur stop to breakeven
stop: ~2.5(depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 4
Good luck everyone!
Follow me on TRADINGView, if you don't want to...
🔵 This digital currency is placed in a time frame D after a sharp and impulse growth in an ascending channel according to the image.
🔵 The price of this currency can go up to the ceiling of the ascending channel, which overlaps with the PRZ pattern AB = CD, due to passing the specified trigger (yellow).
💎 C98USDT has formed a Bullish Flag and a Symmetrical triangle. After the breakout it is expected that the price goes for a retest and then continues the Bullish move.
🏁 Short Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 3.400
☕️ TP1 3.600
🍺 TP2 3.800
🍻 TP3 4.000
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
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...