I just saw someone digging a grave liking this post =))
#C98 is back to exactly 0.03xx 🤣 =))
I've been fiddling around and still can't find the extended Pivot formula that I need. While I have some free time, I sit down to look at the chart for #C98 (aka Ninety Eight =))) to see how hopeless it is. It's not without reason that it's not on the target Pivot analysis list for 2024-2025. Simply put, looking at the yearly Pivot for #C98 indicates a bearish trend, not a bullish one like other altcoins. If it's an altcoin and still in a bearish trend, just forget about it, what hope is there?
1. The opening price for the yearly frame is at the Pivot Range but below the POC. The yearly Pivot Range is very narrow, almost like a straight line, indicating that the price could fluctuate strongly in both directions, but the price of C98 has gone up first and reacted by creating a very clear reversal candle pattern at the 0.4 mark (the daily signal candle has confirmed, while the weekly and monthly candles are all signaling a decline).
2. The POC for 2024 is at the 0.45 area, which has been tested and shows no signs of going up. It even creates further decline signals, so the chances of an increase are even slimmer.
If there is a chance for an increase, it must show a nice signal when the price reaches two areas: 0.19 and 0.12. If there are no signals, then the target pivot for the downward direction is: 0.03. That means even /10 of this price is not impossible, you know 😳
*Btw, looking at the pivot, there's another target level below that is much more terrifying, right? =))

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