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Insolar Shows Signals (Chart Analysis with Alan Masters)
Before we start let me mention that we have an active, long term, trade for INSBTC . This is a winner for us.
As soon as we shared this trade, it started to generate profits hitting two targets...
In the following trade idea you can find a full review as well as long term targets and additional details for INSBTC:
Let's start with the chart signals for learning and entertainment purposes:
- We can see that INSBTC is in an uptrend and retraced to 0.618 Fib. retracement. Normally we see altcoins retracing all the way to 0.786 but this one is solid and is increasing here. Marking the possibility of the retrace ending.
- Considerable increase in trading and break above EMA10.
- Hidden on the . (Price moving up creating higher lows, while moves down creating lower lows - marked blue).
Let's continue with some fundamentals:
- Insolar managed to reach the max network transaction speed to 19,000 per second https://explorer.insolar.io/
- On March 4 Insolar Testnet 1.1 will be launched. One of the main features is the participation of external nodes.
- Very active team always looking after their project. I am in contact with one of their representative on a common basis. They are always looking to grow their project, which is something rarely seem in crypto. This can be taken as a positive signal for long term holders or those looking at this project from a fundamentals point of view rather than TA.
Conditions for change: If INSBTC moves down and closes below 0.0000669, the above signals become invalidated. A bounce can be expected thanks to the strength this altcoin has shown in the past and the fundamentals behind it.
Thanks a lot for reading.