Ignis formed a bottom at 774 satoshis after which price went up, and reached 1524 satoshis high. Although closing price was below the 23.6% Fibonacci retracement level at 1136 satoshis and below the 200 Moving Average.
On a correction down, IGNIS/BTC rejected the uptrend trendline, went up an rejected the 23.6% Fibs once again. It seems that IGNIS has stuck...
Ardor jumped as I said it would in my last Ardor post regarding the cup and handle. The major growth spurt is coming after the current BTC shakeout of overinflated alts. As of now I'm saying May 2nd will be the date, because...why not :-D
Ignis has been added to Bittrex recently and was consolidating for a good run. We analyzed it earlier and said that we will provide a further recommendation when the best time to enter this trade will come. It seems that it is a good moment to buy Ignis as it is ready to bounce from Fib 0.618 support level. Moreover volume is also rising and technical analysis...
Looks to have bottomed out, higher lows starting a new uptrend with cup and handle reversal forming here wolves, still awaiting confirmation on the handle.
Entry point: 0.00001150-1250
Target 1: 0.00001400
Target 2: 0.00001800
Target 3: 0.00002000
Target 4: 0.00003000
Stop loss: 0.00001000
IGNIS has been in a long slow decline since the coin's airdrop at the beginning of January 2018. There seem to only be 5 exchanges in the world that hosts this coin so there is not a lot of volume. Any price movement whether up or down will therefore be long and drawn out. For the last 5 days IGNIS have been consolidating which can be an indication of an impending...
When NXT airdropped it's child chain IGNIS, we were all very excited.
I mean. who dosent like a freebe?
my strategy was this: buy NXT, ride the trend of the bug airdrop hipe, sell it when it's high 4 days before, and then when it's all used up by whales one day before the fork- buy it again.
It worked quite well, and i made some doe, but then i got my IGNIS and...
Published that before the downtrend line was broken at our Discord channel (let me know if you would like to join).
1st target got hit after accumulation zone was identified.
Possible short term trades still possible or than bounce back to accumulation zone to test support again
The bottom line of the triangle is the support that was tested twice, currently the price is near this level and should bounce again from it. This will be a fifth Elliott wave which will break the Triangle upward. We expect a significant rise of this coin as its fundamental basis is decent as well as technical. It has been recently added to Bittrex and we waited...