The purple lines represent the support, and resistance. A breakout above the upper trend line will be the break I am looking for, and the retest for confirmation of support.
BINANCE:INSBTC por fin ha logrado romper el MA200 en el gráfico diario, el cual a su vez tambien fue un Kumo breakout, un importante cambio entre soporte y resistencia, el cual indica que la tendencia alcista va a continuar. El volumen se ha elevado continuamente en los pasados 2 meses, lo que indica que hubo una gran acumulación y hay mucho interes en esta...
There's something brewing with Insolar.
Very noticeable volume uptick and accumulation over the past 2+ months. This is usually one of the biggest tip off when it comes to alts and a big potential move brewing.
As we see on the weekly chart, there are some nice signs.
- large bullish divergence
- big, consistent volume spike
- relative strength even in the...
INS/BTC
-currently, the price is respecting the 50D MA
-the area where the MA is located coincide with previous support zone
-including the strong .5 fib support area
-if this INS can hold this level for the next 2-3 days
-there is a high chance we will see an upside action
>>> Broken out from a falling wedge. Closed above 100 MA.
>>> From the looks of it, this weekly close will be above 21 MA.
Once it close above 200 MA and retest the support, we may see a pump towards the resistance.
Main resistance: 3382- 3766 (80-100%)
Possibly a good trade setup for INSOLAR/BTC as its trading above the EMA50, 100 and 200 on the 4H.
And looking at the Ichimoku on the Daily chart there is a bullish cross of the Tenkan over the Kijun which points to bullish momentum.
XNS/BTC (INSOLAR)
Formed reversal pattern falling wedge.
We formed a double bottom at 0.00008500 satoshis. Also we can see the formation of an inverted head and shoulders pattern and now we're in the right shoulder, which will undoubtedly lead to continuing an upward movement.
It's supported by a piece of good background news about the company partnerships:
...
Insolar is facing a new support after breaking down the triangle, now is a very decisive time.
I'm expected a pullback towards it and maybe more if it's a real retracement, mainnet announcement from Binance would help!
Buy Entry= 0.00001177 - 0.00001095
Take Profit= 0.00001393 | 0.00001587 | 0.00001869
Stop Loss= 0.00000879
Risk/Reward= 1:1 | 1:1.75 |...
