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C98USDT

C98 RSI Bullish DivergenceC98 has been in a downward trajectory lately. The bear's momentum has been diminishing as price goes down and this calls for a trend change. The RSI is forming higher lows while price forms lower lows. This is a clear Bullish Divergence which signify trend reversal at some point in time. C98 is currently at demand area. If the demand area is broken and a 4HR candle closes below, we may head lower before potentially going bullish towards ATH. This gives us enough room to buy at lower price levels. This is a 1:7 Risk/Reward trade. Goodluck guys!!!
Long
by Ayofficial490
C98/USDT { COIN98 } - BULLISH SETUPANALYSIS 🔎 - C98/USDT is on an uptrend supported by the ascending trendline support. - Price hit an ATH and retraced for a retest of the ascending trendline support, flip horizontal support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - The retracement was resisted by the descending trendline resistance. - Price brokeout above the descending trendline. - Price action is printing a symmetrical triangle pattern. - We could be on the verge of an uptrend continuation. BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the symmetrical triangle's inclined resistance. - Limit entry: test of the symmetrical triangle's inclined support. TARGETS 🎯 - Horizontal resistance level (@4.490). - Horizontal resistance level (@5.300). - Horizontal resistance level (@6.445). - Fibonacci extension level 1.0 (@8.343). SETUP INVALIDATION ❌ - Initial invalidation: breakdown below the symmetrical triangle's inclined support. - Final invalidation: breakdown below the ascending trendline support.
Long
by Chibuike_Odoh
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.
Long
by V0VOLAN