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Ignis: up to 220% in next 2 weeks?Ignis, a NXT 2.0 as they say. It was "airdropped" to NXT (bag)holders in what was one of most blatant PnD's I've seen in 2017, right after Verge. Still nobody knows what IGNIS does and why does it exist, and how does it actually find it's place in the Ardor ecosystem. Three months later; after bagholders and FOMO kids have sold out it's looks like it's dead. But, now IGNIS has a native population of whales, and whales have decided to turn the tides. I guess we'll see an organized pump followed by PR campaign which will explain us why IGNIS exists and why it's the best thing ever.
Long
by Owcheew8
9
IGNIS Pausing before possible breakoutIGNIS 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 move. This is confirmed by the Bollinger Band Squeeze and is an indication of periods of low volatility followed by periods of high volatility. The latter is needed for IGNIS to get a move on and if the break is through the upper resistance line AND the upper Bollinger Band then it could be good news for IGNIS HODL'ers. For now it is a waiting game. Positive indicators that the breakout could be soon is the RSI that is moving above 50 and the MACD which is showing an upward trend and could soon move above the zero middle line. As always do your homework and make your own investment decisions.
Long
by Wetdog544
2
#IGNIS two scenario's Ignis has been a tough cookie. After the airdrop it has seen a major decline. Thought it would reverse earlier, but it didn't hold and retraced another 50%. So it's dead... or is it? It's currently playing out the last leg of the elliot retracement. And showing signs of reversal. Double bottom formation with a possible triangle outbrake are the first signs. Also volume is picking up. Moreover, if we look at the On Balance Volume it shows discrepancy betwen the price action and the weighed volume of OBV. Meaning whales or institutional investors are getting in the game. Bare in mind that currently nobody nows what IGNIS actually is or does. But wouldn't that be an ideal Crypto scenario. Terrible dump after airdrop, whales back in the game, and some great PR explaining the wonders of Ignis and it's launched to the moon. Move with caution as we don't have a bottom support in place to cover your back, so use stop-loss or buy confirmation. A secondary scenario could be IGNIS will retrace to the 1.618 fib. This will play-out when the double bottom doesn't hold before we go through the resistance diagonal. So mind the current support in place.
Long
by CryptoSnuff
IGNIS-BTC - Looking for Long Buy OpportunitiesI am looking to increase my holdings of IGNIS as a long term hold through 2018/19. $IGNIS is the first child chain of Ardor ($ARDR) which is built on NXT ($NXT) technology. IGNIS is a blockchain-as-a-service which uses child chain concept to solve the problem of scalability. Ardor has a strong community and a good develop base. This could be a dark horse in the smart contracts developer sector. Technical Analysis: - Only been trading on Bittrex for a few days and falling ever since. Not helped by the over bearish mood in Crypto. - The recent bounce on the 30 minute coincides with the mood reversal in crypto. Are we at the bottom? - I have drawn some key levels in blue which are supported by the volume profile at those levels. - The point of control (POC) is shown in red. Price will look to return to this level however it first has to get through the 0.00003512 level which also has strong volume. - Price is back with the EMA 50 but it looks to be acting as a resistance level on the last two bars. Overall it looks fairly bullish but I will monitor for a while to see how it plays out before putting in buy orders. Likely near-term is price will drop to the 0.00002949 and then recover. This could be a good place to buy if is respects that level. "Luck is what happens when preparation meets opportunity" This is not investment advice. #DYOR. Comments and suggestions always welcome below.
Long
by HackneyCrypto
1
IGNIS is not a Genius 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 what do i do with that? So "hold it for LONG" I said. and watched it decline in value. don'y worry, I said. it's a LONG. but it just kept on going DOWN! and why shouldnt it? why should anybody hold it, what does it do? yes it's pointless piece about frustration. I just needed to vent.
by barkalon
Will Airdprob cause fomo?Price action formed some sort of falling wedge. Sitting on its support. A few momentum indicators show divergence but they usually send false signals when market is in strong trend. But it's clear that ichimoku claud is resistance. Broke from the cloud will reinforce bullish signals. Fixed range shows, over the past few days we have more buying volume that selling. - box is my accumulation zone. If TD doesn't lie, today can be the great bottom day. But it will really depend on what bitcoin is doing.
Long
by TonyCryptano
4