C98USDT trade ideas
$C98 Performing Falling wedge in 1d Breakout Done Falling Wedge
The falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern.
In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows.
Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows.
If we placed an entry order above that falling trend line connecting the pairโs highs, we wouldโve been able to jump in on the strong uptrend and caught some pips!
A good upside target would be the height of the wedge formation.
If you want to go for more pips, you can lock in some profits at the target by closing down a portion of your position, then letting the rest of your position ride.
Coin98 C98 price tries to grow or even pumpingAlmost all of the time C98USDT was trading, the price was in a prolonged downtrend.
Now, the Coin98 price is trying to break through the trend line and exit the downtrend.
We wish buyers strength and inspiration)
And for those who trade or hold this asset, we want to draw attention to the level of $0.24 - this is the first critical level from where the price can go for correction.
As well as the liquidity zone of $0.29-0.33 , where there may be increased seller activity.
And in case the buyers manage to organize a pump, the level of $0.41. Our imagination doesn't allow us to dream any higher.)
P.S:
Safe purchases are not during C98 price movements, but in accumulation zones, for example, $0.152-0.174, but you already know this)
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C98USDT has bullish triangleCoin in the game, increased volume, activity in the glass. The instrument is in the growth leaders, at the moment a cascade of local maxima has been formed near the round number 0.17$, from which I expect a pulse output to long. In confirmation of the breakdown scenario, I recommend waiting for the preload, as noted in the screenshot.
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C98USDT โ Realization of accumulated potential BINANCE:C98USDT enters the phase of realization of the accumulated potential. A prolonged trend may change its direction, but in order to do that the bulls will have to take the priority in their hands.
Global and local wedge are marked on the chart. The resistance boundaries of the figures coincide and the price breaks the area, consolidation is formed in the green zone and C98 starts to form a bullish momentum.
For the buyers, the resistance at 0.1751 is important at the moment. If the price breaks through and fixes above this area, the cryptocurrency pair can form a bullish momentum. Resistance at 0.3258 will be the priority target in this case.
Lately bitcoin is strengthening and forming consolidation of 30000-31000. A breakout of resistance will also give momentum to altcoins.
Support levels: MA-50, 0.1540, 1.1209
Resistance levels: 0.1751
I expect the retest to 0.1751, which might end up with a breakout of resistance and in this case the price will continue growing. I am interested in the target of 0.3258 and 0.5750.
Regards R.Linda!
$C98 Unveiling the Potential Falling Wedge Pattern! ๐๐ฅFWB:C98 has caught our attention with the emergence of a potential falling wedge pattern. This pattern is characterized by converging trendlines forming a narrowing price range. It suggests a potential bullish reversal and presents an intriguing trading opportunity for savvy traders. ๐๐
As the price consolidates within the falling wedge, it sets the stage for a potential breakout to the upside. Traders can watch for a decisive move above the upper trendline as a signal of bullish momentum. This pattern may indicate a shift in sentiment and the beginning of an upward price trend. ๐น๐
Join the discussion and let's analyze the potential of FWB:C98 as we monitor the development of this falling wedge pattern together! ๐๐ฌ
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Remember, conduct your own research and consider risk management strategies when making trading decisions. Stay tuned for further updates on FWB:C98 and other exciting cryptocurrency opportunities!
Happy trading! ๐๐ฐ"
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