C98 saw a massive launch on Binance, where it gained over 800% in a matter of a couple of weeks. However, C98 has been selling off considerably since then.

During this sell-off, a bearish channel formation has been formed. With the recent bullish price action in BTC I’m eyeballing a bullish break out in the near future.

Ideally we get a big green candle with a lot of volume to confirm the bullish break out. Keep in mind that we’re far from certain yet and that we could as well bounce off and see further downside. Keep an eye on this one!

Happy trading!