A couple of days ago I made a short term analysis on the pending break out of C98.
The break out happened fast and wtith force, more than expected. Looking at the current chart it seems that C98 is seeing a minor period of bearishness since it has already lost 25% of its value since the top.
As of now, I think there's more short term pain ahead for this token. My main area of interest lies between the 0.234 and 0.384 Fibonacci retracements levels, indicated by the red support area.
Seeing the longer term trend of C98, I think we're going to see a $10 value in the coming weeks, which is also the main target of the next bullish move.
Happy trading!
The break out happened fast and wtith force, more than expected. Looking at the current chart it seems that C98 is seeing a minor period of bearishness since it has already lost 25% of its value since the top.
As of now, I think there's more short term pain ahead for this token. My main area of interest lies between the 0.234 and 0.384 Fibonacci retracements levels, indicated by the red support area.
Seeing the longer term trend of C98, I think we're going to see a $10 value in the coming weeks, which is also the main target of the next bullish move.
Happy trading!
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