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C98 / TetherUS PERPETUAL CONTRACT

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C98USDT.P trade ideas

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
C98USDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in a 4-hour time frame. As you see, the price is fluctuating close to its support line. The price has hit the support line several times and has started to move upwards. We expect that if the price drops below the support line, and stabilizes below it, we will see a further drop. But if it can break the resistance line and stabilizes above it, we can enter the trade to achieve our target. Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. Wish you luck
by MarsSignals
C98 Looking strong! Bounced back into the falling wedge! Here's a quick look at C98 4 hr chart. As we can see, the price has printed a bigger falling wedge. The price broke below due the BTC flash crash but broke back into the falling wedge. The best entry would be, when the price breaks above the falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart. Targets: - Profits can be taken in the resistance zone 1. 5$ 2. 5.45$ 3. 6.38$ ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
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