After finding the support at 2400 satoshis, Incent has started to consistently move up, producing higher highs and higher lows. At the same time price is rejecting the uptrend trendline, 23.6% Fibonacci retracement and currently trading above the 200 Moving Average.
Seems that it is only a matter of time for INCNT/BTC to break above the previous resistance at...
FUNDAMENTAL UPDATE FROM CEO INCENT
As you can see from the attached chart, INCNT has become de-correlated from the majority of other cryptos since early Feb 18, when we launched our Chrome extension pilot. The primary reason for this is that we have been accumulating INCNT from the secondary market to support the pilot, which is already being used daily by...
We've been watching this pair for a while and this ALT has been generating some good demand during Asian time zone. Our team view is that this breaks out of pennant to the upside within the next fortnight, shorts seem exhausted... This has displayed resilience during the recent market weakness...
$INCNT looking like 140%~250% profit in the couple weeks/mounths
After a correction on 0.786fib, Incent break the falling wedge
The targets for 3° wave is:
MACD: mega Bull - MA rising and histogram turn green
OBV: break up the triangle
Since January the 1st Incent has been correcting downwards for the all-time high at 7.7k satoshi, down to the 2.6k satoshi, losing 65% to the Bitcoin. From 2.6k price went up to the 3.4k satoshi resistance while forming a bullish divergence on the RSI oscillator.
Currently, there seems to be a buying opportunity, but the 3.4k satoshi resistance must be broken....
Incent found the bottom at 1000 satoshi on the 12th of October and since then, the price has been ranging between 1000 and 4000 satoshi for nearly 3 months. But on the 1st of January INCNT/BTC broke above the downtrend trendline and the 200 Moving Average which was the first sign of a potential trend reversal or a corrective move up.
Price reached 7.7k satoshi...