C98USDT trade ideas
C98 bounce back from DAILY SUPPORT RED LINE represents DAILY support line been tested multiple times
Price just broke out of trend line and made a HH which indicates break of structure and back to the upside
Entry will be placed when retested at 20MA to show Long Biased movement
eg, ( BULLISH ENGULFING PATTERN, HAMMER, RSI at 55)
1ATR SL and 1.5 risk to reward ratio for TP.
Thats all from me LADS and HAPPY TRADING YOU LOT ;)
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.
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
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 - Breakout Opportunity!I am longing C98 with a target at around 6. Entry at 4.1336, Stop right below. I am using 25x leverage with a tight stop.
Looks ready for a small retrace (maybe) and mega pump of 50%
Trend analysis on 15M suggests that this may also correlate with BTC attacking 50k soon (if it doesn't go lower).
This is not investment advice, but it is what seems like a confident trade.
Cheers!