C98USDT trade ideas
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
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C98 - 50% upside in the cardsDuring most of December C98 made a downtrend wedge which I am considering to be an ending diagonal. When the wedge was broken, we had an impulsive wave and now we´re correcting that impulse.
Therefore I am considering that in the short term we should have at least one more leg up, with targets shown on the chart.
Depending on your risk profile, you can take a trade now (since the last 3 days were bullish, and today we seem to be correcting those candles), or you could wait for the green channel to be broken. I already took a mid-sized position and will add up if we break the channel.
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 .
C98 still shortOn Jan 03, I posted that C98 would be short for several days ahead, as it is clear on the chart today Jan 10, It reacted to its dynamic support line and shafowed up. but still there is hope tomorrow or the day after that it will break the aforementioned dynamic support line then will headed down ward
This is personal idea and I am not a financial adviser.
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