We've seen a nice trend develop recently, and though it's pulled back substantially from recent highs, the 1D chart offers a look at a solid long term c&H formation. There are indeed some trend lines and walls to break through, but once INS makes a move it could rise quickly.
> RSI remaining quite bullish.
> Maintaining the .382 support and bouncing off the .5 support.
> Rising RSI with a swing low failure and bullish divergence.
> Expecting an impulsive move to the 1.618
> Great risk/reward
Lots of trendiness are converging here making INS an intriguing watch/potential play, especially given the C&H formation that I didn't highlight here but is evident if you expand the chart. I've been holding a large bag since March so I'm already in, but this could be interesting in the near to mid term. I'm long regardless of movement.
INS Ecosystem found the bottom at $0.52, that has been tested on the 12th of June. There INS/USD formed a double bottom and rejected the downtrend trendline as well as 127.2% Fibonacci retracement level for the second time, suggesting that the bottom might have been reached.
Today price has been going upwards and broke above the 50 Moving Average. Perhaps this is...
It's not the most traditional cup-and-handle, but INS certainly seems to be waking up from its long slumber. We crossed the resistance at 1300 with ease before slamming headfirst into the longterm downward trend line around ~1420, but that 1300 is now acting as support. INS may be able to test upper resistance at ~1550 if the momentum/activity continues to build.
Popped early today with the volume influx and is now riding a resistance trend down into a collapsing triangle. Stochastic is about to reverse and its accumulating. INS has a very low share supply so it could jump to the nearest resistance is 1300 or higher, offering the potential for a quick 10%+ if you feel like taking a shot. GLTA
INSBTC shows falling wedge -reversal pattern and trend is change. now we moving in bull flag. Looking for break out resistance line. Targets next fibonacci levels
INS team is building a real-world blockchain project in grocery space and has received a lot of support from CPG companies. INS Direct-to-Consumer Ecosystem has announced 3 partnerships...
Today I will be sharing a trade for the altcoin INS Ecosystem (INS), which broke out recently and its preparing to start a new bull run based on some fundamentals and signals that I am getting from the charts.
Let's take a quick look at the fundamentals first:
- The team behind INS has established a partnership with PostNL — Netherlands Largest Fulfillment...