C98 / USDTFirst, this is only a fantasy, it will probably not happen but I just draw the things I want to see if I am going to be exposed to a position. At the moment, we have nothing but a downfall. Unless the downside momentum slows down, this scenario will not be valid and we will be back at much lower prices.
In case a price action like this happens, watch you momentum indicators, RSI MACD STOCH KAIRI whatever you are into, and check for divergences and check for the reversal patterns. Reversals love divergence!!
If this price action does happen though, count me in :)
Peace..
C98token
C98 12h Is x4-x5 growth still realistic in the near future?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 such a rapid rise in the price of C98. However, it is also worth mentioning that Coin98 was a Binance Launchpad project, and one of the founders is investor Thanh Le, who invested in Band, Alpha, etc. in the early stages. How the value of those coins was growing during the first Defi boom, we know (or you can look in our ideas), so he has a "feel" for making money, all we have to do is to follow him and learn).
Now to the C98 /USDT chart
The area where we would consider entering long C98 /USD is around $3.00-3.20 . Well and of course that is assuming the cryptocurrency market has a positive trading backdrop.
Then it will be possible to dream, and maybe even help to realize a good growth of C98 coin to the area of $13.20-14.00
If the cryptocurrency market will form a negative trading background and all the trading pairs will go into a corrective peak downward, we will take a second look at the C98 coin around $1.00-1.50 . It is in this range that at least some consolidation liquidity was displayed during the incomplete month.
In general, for us the trading history of the pair C98/USD is too small to make trading decisions on a larger part of the deposit, but on a small part of the deposit you may try to feel yourself as an investor, maybe even a large project in the future)
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Imminent C98 Break. 4H TF 🚀🚀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 for C98, preventing its price to breakdown that much, no matter how low BTC price falls .
I expect it to maintain triangle range even if channel is broken down(worse case scenario)
C98USDT is cooling off for a monstrous run up, when the coast is clear, keep your eye on this one. In the event price action falls due to BTC, "minor" support is good entry point.
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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
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