Bearish Head & Shoulder pattern confirmed after the price closes below neckline support but I never imagine the price could crash over 40% down to 1800 sats. When the price reaches the strongest support area, it immediately bought up and shoot 22% bounce. If INS can close above this trend-line support and hold for a couple of days, there is a chance it could push up and retest the 200MA. Be cautious and do not place bids yet on this coin as the previous candle is a big bearish engulfing bar.
dump has nothing to do with TA, its becaouse FA with bad SWAP conditions for INS hodler...
PolarHusk
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@mexa8, thanks for your input but what do you think about the bearish Head & Shoulder pattern played out? I'm a trader and i dont look at fundamentals, if the neck is broken, I go Short :)