C98USDT Daily TA : 02.10.22 $C98All the supports and resistances are marked on the chart and everything is clear in this analysis , but , just in case , if you had any questions or doubts pls feel free to ask in Comment section .
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👤 Arman Shaban : @ArmanShabanTrading
📅 10.Feb.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
C98
C98 - The Ground Floor C98 was on a massive bearish leg for the latter half of 2021 and we almost took out the entire gains it made.
We recently tested the 78.6 fib of the bullish impulse move and we may have found the bottom. IF we do move lower once more, keep an eye on the structure.
The great thing about this coin is that its at the very lows. Any move up would be exponential gains for your portfolio. Might be a good one to take a punt on and see what happens.
Trade Idea:
- Enter and watch for continued bullish momentum from 78.6 fib
- If we move lower, watch the structure level for bullish price action and enter
- Targets: 4.4, 6.2, actively manage the rest
Goodluck!
C98/USDTNot a financial advice
Considering buying C98 here on your support line
On 4H timeframe we are nearing to our oversold zone but need to await an see a bounce first
You can put a stoploss under 2.1$ zone
if you like and share this IDEA, I will highly appreciate if you LIKE and SUBSCRIBE, so we could trade together
C98 Flag inside a FlagIn my opinion, C98 started to draw a Bullish Flag inside a Bullish Flag.
Between 2.94-3.38 there will be strong resistance. If the price could menage to break this strong resistance, I believe it will try to next prices, 4.41-6.43.
If it cannot, than it will fall back to the downline of the trend.
This is my trial. Not a financial advice.
C98/USDT chart analysis !C98/USDT is currently near a demandzone . we can see several times price try to break the long term trendline . but at this moment the price action starting to change as market foarmed a higher low position . also the stochastic rsi indicates oversold condition in current market . hopefully we will abel to get a strong confirmation if its break above and retest 3$ area .
Diamond pattern, will the bulls close the weekly above 48k?
Bullish indicators are popping up even though we need to see a good close today,
on my view if we are able to close above 48k it would be awesome.
But we need to stay vigilant for fake outs that might happen and wicks that can be formed to liquidated
more leverage traders (even though that the market is healthier at the moment on that point of view).
Happy new years, and thanks to everyone that supported me this year. I really appreciate all the comments and interactions with my ideas. Hope that everyone was able to make some good profits this year. Despite the dump in the end this was my most profitable year by far. I am awake to close the positions in case the cycle ends at the beginning of this year.
I almost lost hope but I will follow my strategy until the endSometimes is hard to hold when you don´t a defined jump out strategy, some moments are really scary and indicators flip against us really fast.
Not being able to have a defined strategy will always make you take bad decision in the worst moments.
We are not out of the water just yet, but this jump actually shows some really bullish potential, not fast moves, but a good trend can be formed.
1. We found support over the bull cycle trend line and already broke the ascending triangle that was holding us back.
2. We found support over the weekly RSI, just like we did in the past dumps.
3. Dollar index is falling right now, at least in the short term.
4. Whales accumulated big time during that dump.
5. Number of BTC`s in Exchanges are decreasing
This guy is the only thing that makes me still believe in BTCIt´s finally dropping, it waited until the last day of the year to do so.
People are leaving the dollar to go where? The stock market is not looking good, inflation is at it´s max.
The only assets that could benefit from it are Metals and Crypto. Let´s keep an eye on it.
There you go, that´s a good beginning for a reversalNot even close of a confirmed reversal to the upside, but we are definitely testing 49k, and probably the 0.618 retracement from that dump.
After that is hard to say, so I would recommend getting ready to take some profits and rebuy it if we create support over the 0.618
C98USDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. As you can see the price has been able to break its resistance line to the upside and stabilize there turning the resistance line into a support line. We are now ranging inside a resistance zone. If the price is able to break it, it will see our targets. But it is also possible for the price to make a pullback to its support line and then continue going back up.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
we need gas to break the 21 weeklyBTC needs to create a heathier move to break the 21 weekly, retracing to 0.618 would be great for that push, stay calm guys.
If you were holding all this time, try to understand that going straight up is not gonna happen.
Also, the financial markets just had an ATH today, chill out, the markets are ok for now.
And we broke the channel, lot´s of short will get liquidatedEven though this looked like a bull trap, on chain data shows otherwise, and since TA usually works the probability of goin over the 21 weekly is very high right now.
Also like I sad before, if we close the weekly above 49k is awesome, if we close above the 21 weekly is crazy bullish, we still have 2 hours for the close.
weekly close today is extremely importantBTC is very unpredictable right now, looks like it is copying the last Wyckoff dump move in a smaller scale, and if that turns out to be true we could revisit 42k.
But, if we manage to close the weekly above 49k it could still rally to 54k to decide what is going to happen.
Also, the stock market today will have a huge influence on BTC`s price.
C98USDT Daily TA : 12.23.21 : $C98As we can see, the price is in an important range and recommended to keep an eye on it ... 😉
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 23.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️