The chart for
$C shows a strong trend reversal in progress. After a long period of bleeding, price has successfully bottomed out at $0.0460 and is now breaking above key moving averages with significant volume.
📊 Technical Insights:
* Trend: Reversal. The price has reclaimed the MA(7) and MA(25), indicating short-term bullish momentum.
* Pattern: Double Bottom formation at $0.0460 followed by a breakout.
* Volume: Noticeable spike in buying volume confirms the move is backed by "Smart Money."
* Target: The price is heading toward the MA(99) resistance near $0.0697 and the major previous structure high.
⚡ Trading Signal: LONG (Buy) 🟢
* Entry Zone: $0.0595 – $0.0605 (Current Market Price)
* Take Profit 1: $0.0665 (Recent High)
* Take Profit 2: $0.0750 (Major Resistance)
* Take Profit 3: $0.0820 (Target for 1:3 Ratio)
* Stop Loss: $0.0535 (Below the recent consolidation and MA support)
⚠️ Note:
Market sentiment is shifting. Always manage your risk and move Stop Loss to entry once TP1 is hit.
#C #Chainbase #Infrastructure #TradingSignals #CryptoAnalysis $C @Coin-Base