C98USDT has been in a prolonged downtrend since achieving its ATH at $6.445. Current price action suggests the possibility of a bottom formation within a developing expanding triangle, a structure that historically leans bullish upon breakout.
The strategy involves accumulating within the defined zone while considering external demand zones as potential areas of interest. If the setup breaks upward, target levels should align with prior resistance zones or Fibonacci extensions. Monitor volume and momentum indicators closely for confirmation.
Share your thoughts on this formation and its potential outcome.
The strategy involves accumulating within the defined zone while considering external demand zones as potential areas of interest. If the setup breaks upward, target levels should align with prior resistance zones or Fibonacci extensions. Monitor volume and momentum indicators closely for confirmation.
Share your thoughts on this formation and its potential outcome.
Note
ActiveNote
I expect price to continue with the zig-zag formation 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.