Recently Incent has reached to low at $0.126, where it has rejected the 527.2% Fibonacci retracement level applied to the corrective wave after the descending channel breakout. On a daily chart, price has also rejected the lower trendline of the extended descending channel, although produced few spikes below.
But now INCNT/USD formed the resistance at $0.214,...
After reaching an all-time high at $1.12, Incent sharply corrected down to $0.16, losing 85% to USD. However, price found the support at $0.25 as the weekly closing price remained above that level and this is the price where the triangle was previously rejected after the breakout.
Currently, INCNT/USD is trading around $0.25 support, that could prove to be a good...
Since Incent reached the bottom at $1.6 price has been rising consistently and already went up by 110%, while currently trading at $0.34. During the rise, INCNT/USD formed Head And Shoulders pattern and broke above the neckline trendline, followed by the break above the 200 Moving Average.
Clearly, the short-term trend is upwards and Incent is yet to test the key...
Incent has been ranging for an extended period of time although recently it has shown good performance while rising from $0.05 up to $1. Price established an all-time new high and it seems that the upside momentum is just getting stronger.
INCNT/USD broke above the 227.2% Fibonacci resistance and continues to trade above the 200 Moving Average. With the higher...
