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C98USDT trade ideas

#C98, #Coin98 and its nice looking pennant!A quick look at Coin98 (#C98USDT, 4HR and 15m, Binance): According to CoinMarketCap, "Coin98 is a decentralized finance (DeFi) solution that allows users access to cross-chain swaps, staking and yield farming." The project was launched on Binance's Launchpad and opened for trading on July 25. I have been quite satisfied trading this coin so far. Today, it surprised me with a very nice pump! Main Points Price broke the upper resistance of the wedge supported by the third largest volume candle since launch. Admittedly, I was waiting for a breakout, but not so strong. Price eventually reached a peak at $1.85. Price action is now forming a pennant ranging between $1.72 and $1.60. Closest support levels are at $1.60, $1.51, and $1.45. The last two coincide with Fibonacci levels 0.5 and 0.618 respectively. Strategy If price breaks above the pennant, look for: TP1: $1.85 TP2: $2.10 SL: n/a(*) If you want to read more about Coin98 on CoinMarketCap, click here . What do you think? Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! (*) I do not use Stop-Loss for the simple reasons that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash. ------------------------------------------------------ Some of my charts represent actual trades, and some are just paper trading. Needless to say, this is not financial advice!
Long
by BitfulMind
4
3H - Possible wave 3 Setup, ready to move?Good morning traders and happy weekend! I hope you are all doing well and have a great weekend! I didn't catch C98's first pump. I waited to see what it was going to do after. Last night I threw on some fib measurements when I assumed the first wave was done. Looks like wave 2 closed about the .618 fib and we've started to move up. White lines indicate we are seeing a bullish trend continuation. Lets hope it stays that way! There's not much above that would prevent upward movement!(IMO) Lots of volume going through this new token right now! Price movement is fast. Be sure to take that into account if you use stop loss. The solid yellow lines are apart of the VP-Period Indicator and they indicate strong points of resistance based on the volume. Currently battling it out over the $1.5 resistance and then we'll need to make it above the $1.6 for the next big push. NFA & DYOR
Long
by Erialos
C98USDT: above the overbuy"What Is Coin98 (C98)? Coin98 is a decentralized finance (DeFi) solution that allows users access to cross-chain swaps, staking and yield farming. To learn more about this project, check out our deep dive of Coin98. The Coin98 exchange describes itself as a multi-chain liquidity aggregator that supports assets across a variety of blockchains, including but not limited to Ethereum, Binance Smart Chain, Solana, Avalanche and Tron. Coin98 also has a wallet amongst its offerings, which supports over 25 networks on both its mobile and desktop platforms. In the Coin98 roadmap, there are plans to develop a launchpad, a lending and borrowing platform, a megafarm, a derivatives market and an NFT marketplace. In July 2021, Coin98 was a Binance Launchpad project. Who Are the Founders of Coin98? The founders of Coin98 include Thanh Le (early investor in THORChain, Band Protocol, and Alpha Finance) and Vinh The Ngyuyen(Kytek Software). Khiem Dang is the CTO, who is also a co-founder of Kytek Software. What Makes Coin98 Unique? Coin98 describes their project as unique due to the large number of blockchains that it supports. How Many Coin98 (C98) Coins Are There in Circulation? C98, the token on the Coin98 network, is a utility or governance token. The circulating supply is 185,000,000, which is the same as the total supply. The maximum supply of C98 is 1,000,000,000. The tokens are allocated as follows: 21% of tokens go to growing the ecosystem, 20% to developing the community, 20% to the team, 15% for strategic sale, 12% for the treasury, 5% for the seed sale and another 5% for the Binance Launchpad sale, with the last 2% for advisors. For more information about the C98 tokenomics and release schedule, see here. How Is the Coin98 Network Secured? The C98 token is supported on Ethereum, Binance Smart Chain and Solana, and exists as an ERC-20, BEP-20 and SPL. When Will Coin98 Trading Begin? Coin98 trading will begin after the Binance Launchpad sale is completed on July 23. Binance will list Coin98 (C98) in the innovation zone at 12pm UTC on July 23 and allow trading for C98/BTC, C98/BNB, C98/BUSD and C98/USDT trading pairs. Can Coin98 Hit $1? During the Binance Launchpad C98 sale, 1C98 was equal to .0002 BNB. Users online have speculated whether Coin98 will hit $1, but at this time, the coin is trading below $1." source cmc
by sequentialvzion
C98USDT fuelling up to boost up soonC98 has been moving in symmetrical triangle with it reaching to the edge of the triangle. Going by the chart, C98 should start moving up and eventually break upper part of the triangle. Profits can be booked at 1.31 and 1.40. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Long
by Manjyot