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 .
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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$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
C98USDT
C98USDT at best entry point. Ready to SpikeC98 has finally broken above the upper channel of the triangle and retesting the new support on 1 Hour Time frame.
Potentially it will ready to spike and I have updated the targets for you.
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Bullish pennantIt is a continuation pattern that marks a pause in the movement of a price halfway through a strong uptrend, giving you an opportunity to go long and profit from the rest of the price rise. The uptrend then continues with another similar-sized rise in price.
Wait for the triangle to break and confirm ...
R : 5.7 - 6.56 - 8.35
S : 4.3 - 3 - 2.09
C98 looking promising. I love this coin.Yo.
Please don't use this info to base an investment off! Conduct your own research and invest at your own diligence.
I've been paying close attention to C98 lately. This coin moves mad and from what I have gauged super bullish. Whilst lots of money can be made scalping this coin, I'm actually looking to swing here as it seems there is a wedge forming on the hourly. Lots of bullish momentum. I'm expecting a potential breakout.
SHORT C98/USDTIt got listed in Binance yesterday and since then there's no sign of retracement. This would be the right time to short this coin and make some money.
Expecting a 32% drop.
Enter at %5.08 to $5.3
Stop Loss: $6.39
Targets 20% to 30%.
Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
C98USDT going to hit $9From past 1 week, we have seen so many ups and down in crypto market but C98 is moving exceptionally well. In coming days we will see new all time high on C98 price. We can see small correction but eventually it will go up and create new higher price.
We have seen big volume on binance, currently 2.15B voulme is in binance which is growing every passing hours. Apart from this team working on new updates and development which will push this gem price up.
#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.
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Some of my charts represent actual trades, and some are just paper trading.
Needless to say, this is not financial advice!
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