C98 ATH was August, took a plunge for correction as expected after such run. It started to make its way back into recovery.
Bottomed out at $2.7. Made another Higher Low, that's good sign of recovery.
Ascending triangle is playing nicely with HLs
Now within a forming breakout triangle.
Many people FOMO'ed in at $3,78, $3,27. This is a strong backing for C98, preventing its price to breakdown that much, no matter how low BTC price falls.
I expect it to maintain triangle range even if channel is broken down(worse case scenario)
C98USDT is cooling off for a monstrous run up, when the coast is clear, keep your eye on this one. In the event price action falls due to BTC, "minor" support is good entry point.
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Bottomed out at $2.7. Made another Higher Low, that's good sign of recovery.
Ascending triangle is playing nicely with HLs
Now within a forming breakout triangle.
Many people FOMO'ed in at $3,78, $3,27. This is a strong backing for C98, preventing its price to breakdown that much, no matter how low BTC price falls.
I expect it to maintain triangle range even if channel is broken down(worse case scenario)
C98USDT is cooling off for a monstrous run up, when the coast is clear, keep your eye on this one. In the event price action falls due to BTC, "minor" support is good entry point.
Follow 🚶 for Daily Analysis
Like👍 if you love this Trade Idea