C98USD
C98 in falling wedge- potential reversal soonC98 is a native token of C98 wallet which claims to provide cross-chain solutions (more research needed). After initial pump it has gone into phase of correction in which it formed an obvious falling wedge.
The price is currently bottoming inside the pattern as the formation is getting tighter. MFI and RSI divergence is visible on 1h timeframe.
Depending on your intentions of course, this could be an opportunity for a short-term trade until price reaches the top of the formation, as well as a dip buy for long-term hodl.
Entries:
Aggressive- now (3.40)
Safe- after the price breaks out of the formation and holds the upper trendline level (around 3.90-4.06 assuming the price would spike now)
Long term targets only:
TP1: 4.06
TP2: 4.60
TP3: 5.30
TP4: 6.37
TP5: OPEN++
(short-term traders will figure this out themselves)
Remember about risk management, especially that BTC has been quite volatile lately.
C98USDT Descending Channel!C98USDT (4h Chart) Technical analysis
Descending Channel
C98/USDT (4H Chart) Currently trading at $3.89
Buy level : Above $ 3.95 (only buy after breakout)
Stop loss: Below $3.00
TP1: $4.50
TP2: $5.30
TP3: $6.25
TP4: $7.00
Max Leverage 1x or buy it on spot market
Always Keep Stop loss
C98USD - bullish falling wedge on C98?When BTC drops below 44k, the price will fall. Next MAINresistance of btc at 42k.
If btc crosses 50-MA-daily resistance line, it is very bullish for C98 and another altcoins.
Just an idea.
C98 Looking strong! Bounced back into the falling wedge! Here's a quick look at C98 4 hr chart. As we can see, the price has printed a bigger falling wedge. The price broke below due the BTC flash crash but broke back into the falling wedge.
The best entry would be, when the price breaks above the falling wedge with good amount of volume .
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The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone
1. 5$
2. 5.45$
3. 6.38$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
C98USDT at best entry point. Ready to SpikeC98 has finally broken above the upper channel of the triangle and retesting the new support on 1 Hour Time frame.
Potentially it will ready to spike and I have updated the targets for you.
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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
