Insolar (INS) Overview
Insolar is a global technology company building public and private blockchain solutions on the Insolar Blockchain Platform, which is a reportedly secure, flexible, and scalable blockchain for business.
Insolar Blockchain Platform is a solution which streamlines interactions between companies. The platform’s key features, as described by...
INS is forming a beautiful falling wedge.
It will breakout and rise till MA200 on 2h-chart, here is a resistance too.
If it breaks the MA200 here it'll be bullish in short term again.
I expect this point to be the trend reversal which is fueling a bigger rally.
Day Chart Pattern: Ascending Triangle
Daily Trend: Upsloping Bullish Trend
Possible trend: Bullish
Candlestick Pattern: None
Time Frame: Day Chart
My Targets: Probability can change.
Reward to Risk: 3/1
Possible Entry: What I'm looking for:
.0000452 - .0000465
$INS Very similar pattern to many other alts...
About to reach resistance at ~4850sats, flipping it succesfully could be a good opportunity as an entry with target at ~5700sats (15%)
UCTS Buy signal active on the daily chart
Volume kinda low...
CUP AND HANDLE formation on 15min chart for INSBTC chart on Binance.
Profits listed on chart ~ around 8% from the neckline.
*****Please do your own research before investing on crypto, patterns that I produce may incur profit/losses and I'm not responsible for those ones. Profit depends upon multiple conditions like Markit condition, BTC price, BTC dominance,...
INS was a extreme loser during the alts winter but currently it showed some bullish signals.I see higher lows and and higher highs in the chart. Plus, It is trying to reach the median line of pitchfork where you can book your profits. In case of huge volume upper side of pitchfork is available too.
Hope you enjoy.