Will we have an upward movement?After a pullback to support level, we expect to see higher prices...
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.
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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!
$C98 is breaking structure. Ok, I am totally bullish on $C98. Started doing HH and HL, we are ready for a takeoff after breaking last high.
Fundamentaly good project with a big hype.
Do a DCA strategy: adding a lot now - selling at the pumps, and then rebuying at discounted areas.
Targeting: 10+ in the long term.
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
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
c98structure of c98 looks good ,respected support and bounced from it .there is some buying pressure at thus region .we may see a rally from here
NFA DYOR
C98// Symmetrical TriangleAfter being listed on Binance, C98 has pulled back to gain some strength and accumulation before making another leg down or up.
Currently price has formed a symmetrical triangle and tightened the volume over time as the majority of the market pumped.
This contrarian price action may be a clue that as the market pulls back on todays pumps, C98 may be the odd coin out pumping when everything else is accumulating again.
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.
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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
C98USDT long Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck
C98/USDTWhen we are looking at the Chat we will see A Bullish flag trend that is mean any breakout we take us to our Target start with 1.34 _ 1.49 _ 1.61
C9898 coin is a new token listed on Binance launchpad. Over the past fee years I have noticed that the majority of the projects listed on here do very well with their price action shortly after being listed.
This is an idea based on a bullish flag. The price action has been consolidating for some time now and looks like it’s ready to move!
Have a green week folks!
C98 ..keep ....😎The c98 managed to rise from the price floor and break its channel And due to the opening of the btc above the cloud, this currency (c98) is enough to break its cloud and quickly reach its previous ceiling with high power. And if the previous ceiling is broken (1 Fibonacci), it can go to the next goals
The first and main goal :2.16$
Next goals in case of failure:
4_4.20$
13$
40$
C98USDT 1H Time @110_SHS @ZakaWaqarC98USDT 1H Time @110_SHS @ZakaWaqar
Buy and Sell Point (1X) 2nd (1)
