📈Unlocking Potential: C98 Analysis in Weekly Timeframe💎🔍Today, we delve into the analysis of C98 cryptocurrency, which has been consolidating within a 600-day box range from 0.1248 to 0.439 on the weekly timeframe, yet to break out.
💎C98 is among the market's potential gems, boasting a highly practical DeFi project, signaling promising growth prospects during the bull run.
💥While the RSI oscillator indicates a downward momentum by breaking the 50 line, a golden cross between SMA25 and SMA99 presents a robust bullish signal, offering an attractive entry point for this asset.
⚡️However, solely relying on indicators and oscillators is not prudent; confirmation from price action and candlesticks is crucial. As we reached 0.439, a significant decrease in volume suggests traders' reluctance to breach this level, resulting in a 40% correction.
🛒For buyers, patience is key to observe the direction of price movement. In case of further correction, waiting for confirmation between 0.2 to 0.236 could be prudent. Conversely, a move towards 0.439 requires confirmation with a close above this level for a comfortable buying opportunity.
🚀Regarding targets, given the project's promising utility, it's advisable to wait for the all-time high (ATH) before making significant decisions.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
C98USDT trade ideas
#C98/USDT#C98
The price is moving in a bearish channel on a 4-hour frame, which has a previous successful pattern and we have a support area in green at the level of 0.3600.
We have a higher stability moving average of 100
We have a good bounce being set up from the lower border of the channel
The RSI indicator has a downtrend that is about to break higher
Entry price is 0.3875
The first target is 0.4000
The second target is 0.4290
The third target is 0.4600
C98/Usdt Plan The C98/USDT pair appears to be poised for a breakout, as the price is currently consolidating within a triangle pattern on the 4-hour timeframe. This consolidation suggests that the market is gearing up for a significant price movement. The pattern indicates potential bullish momentum building up, hinting at a possible breakout to the upside.
Given these technical indicators, there is a growing anticipation of a substantial bullish rally in the near future. However, it's essential to note that this analysis is not intended as financial advice. It's crucial to conduct your research (DYOR - Do Your Own Research) and consider various factors before making any trading decisions.
Remember that cryptocurrency markets can be highly volatile and unpredictable, so it's always advisable to exercise caution and employ risk management strategies when considering trades or investment opportunities.
C98/USDT IDEA C98/USDT Weekly time frame analysis reveals that the market structure is currently exhibiting a bullish sentiment. The horizontal resistance breakout has already been confirmed, signifying a potential bullish trend reversal. The phase of retesting is nearly completed, indicating a high likelihood of further price appreciation and a possible move towards the $1 mark. It should be noted that this information is presented for educational purposes only and does not constitute financial advice.
C98 ANALYSISIt seems to be in the middle of a rally.
This rally is an ABC or a WXY as we now appear to be in a B/X wave.
To buy the best range, the range is green
The target is clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
invalidation level: 0.2779
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#C98/USDT#C98
The price broke the downward channel since April 2022
That is, approximately a year and a half, and therefore this break is very strong for the downtrend
The secret was achieved from the trend breaking area 0.1450, achieving approximately 50%
The price now is 0.2100
Our first target is 0.2950
Second goal 0.4041.
This represents 270% of the breakout price of the trend
We are oversold on the MACD
Significant upward momentum supports the rise
But you must take into account the resistance points on the chart
C98/USDT Break Alert! Indicating reversal to bullish movement.💎 C98 has recently demonstrated noteworthy market dynamics, particularly with its breakout of the Adam and Eve pattern, signifying a reversal from bearish to bullish momentum.
💎 C98 is currently in a retesting phase, indicating a probability continuation of its upward movement toward our target strong resistance area.
💎 However, if C98 fails to bounce upon retesting the support area around $0.37, and instead breaks down below this level, the next likely stop for the price would be at the demand area around $0.311.
💎 At the demand area, it is crucial for C98 to bounce decisively to sustain its upward trajectory. Failure to bounce, or worse, a breakdown below the demand area, would be concerning signals indicating a potential continuation of the downward movement. In such a scenario, the price might retreat further downwards.
Alikze → C98 |Cup patternIn the daily time frame, a cup pattern can be seen that if the supply zone is broken, the pullback can be available in support of the 0.29 zone of the specified targets. Due to the depth of this pattern, it has the ability to reach higher than the profit limit.
🟩Sup: 0.1953 - 0.29
⛳️Tp1: 0.46
⛳️ Tp2 :0.63
⛳️ Tp3 : 0.78
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C98/USDT Bounce from the support area. Back to upward or down?💎 C98's market presence has recently been the center of attention. It has demonstrated a robust recovery, marked by a substantial bounce after touching the support area.
💎 This positive movement suggests a potential for continued upward trend, with a key objective being to break through the current resistance level. Achieving this would facilitate a smoother journey towards the targeted area.
💎 However, should C98 struggle to breach the resistance barrier, it might experience a reversal in momentum, leading to a potential decline back toward the support area. This would be a critical moment for C98 to gather strength and momentum for another attempt at an upward move.
💎 In the event, that C98 revisits the support zone but fails to maintain its position there, a critical situation could arise. A breakdown of the support level might occur, propelling C98 towards the demand area, and potentially even further down towards a stronger support level. This scenario would require careful monitoring, as it could significantly influence C98's market trajectory and future movements.
C98 target 0.541D time frame
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Since last analysis of C98, we have already took profit, link as below, and here is the new one.
C98 is completing a bottom head and shoulders, and retesting the support of neckline. We use first Fibonacci Projection to estimate the target from HS is around 0.56, and use 2nd one on the new wave from 0.2 to 0.42, then can have target at 0.53. According to both Fib Projection results, we set an appropriate resistance zone as final target.
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TP: 0.53~0.56
SL: 0.299
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Last analysis (Hi Target)
C98 LOOKS BULLISHIt looks like a double correction has ended.
In the second part of the correction, after wave X, we have a bullish triangle, which now looks like its wave E (which is a contraction triangle) is ending.
Demand range is the right place to enter buy/long position.
We have specified the targets on the image.
Closing a daily candle below the green box will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
C98 / C98USDTI think It will be my FAV
Good Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
C98 After Successfull trade Here is The Second One## C98 Coin: Short Fundamentals, Recent News, and Disclaimer
**Fundamentals:**
* **Coin98 (C98):** A utility token powering the Coin98 ecosystem of DeFi products and services.
* **Launched:** July 2021.
* **Market Cap:** ~$221 million (as of Feb 25, 2024).
* **Rank:** #244 on CoinMarketCap.
* **Unique Features:**
* **Discounted fees:** C98 holders receive discounts on fees across Coin98 products like their DEX and lending platform.
* **Governance:** C98 token holders vote on proposals shaping the future of the Coin98 ecosystem.
* **Yield generation:** Staking C98 tokens can earn users rewards.
**Recent News:**
* **Feb 22, 2024:** Coin98 announces integration with Layer 2 scaling solution Polygon zkEVM.
* **Feb 15, 2024:** Coin98 launches a new feature allowing users to swap NFTs directly on their mobile wallet.
* **Feb 8, 2024:** C98 token listed on the Huobi exchange.
* **Jan 31, 2024:** Coin98 partners with crypto payment processor MoonPay to facilitate fiat-to-crypto on-ramping.
**Disclaimer:**
* This information is for educational purposes only and should not be considered financial advice.
* Cryptocurrency investments are highly volatile and carry significant risks.
* Do your own research before making any investment decisions.
**Additional Notes:**
* C98 price has seen some volatility recently, but has shown positive performance compared to the broader market.
* The recent news highlights Coin98's focus on expanding their product offerings and ecosystem growth.
* As with any cryptocurrency investment, carefully assess the risks involved before making any decisions.
I hope this information is helpful! Please let me know if you have any other questions.