Coin98 (C98) - Bullish divergence

On the above 4-day chart price action has corrected 97% since the sell signal (not shown) in August 2021 at $5.40, amazing. Now is an excellent moment to be long. Why?

1) A strong buy signal prints (not shown).

2) The strong signal also prints on the BTC pair.

3) Regular bullish divergence. Lots of it. This divergence is measured over a 3-month period.

4) IF upside breakout is confirmed, then ride price action back up to $5. Price action within falling wedge must breakout out by mid-February.

Is it possible price action falls further? Sure.
Is it probable? No

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know

Zlecenie aktywne

Komentarz:

now would be a good moment...

Komentarz:

Up 60% so far. All good.

Komentarz:

GRM support confirmed

Zlecenie aktywne

Zlecenie aktywne:

On support, weekly support. Expect a strong upside move soonish.

Komentarz:

Some folks have asked about a target. I don't know, the cycle top is unknown to me. However a number of the alt-tokens that have made big moves did so to the 0.786, that would take C98 to 2.30 area.

Zlecenie aktywne

Komentarz:

BTC pair GRM support confirmed, prepare for liftoff.