Rounding Top has formed on Insimbi after its rally from the W Formation.
21>7 - bearish.
Price>200 - Bullish
Target 86 cents
Warning is that this chart is unattractive for a trader:
It signals Illiquidity and low volume with HIGH volatility.
No matter what trade you take, I consider it a LPT (Low Probability Trade).
ABOUT THE COMPANY
Insimbi Industrial...
Since inception, this stock has been in a box range.
No clear direction of where the stock wants to go.
This is one of those you just leave it be.
It's unattractive, the liquidity is so low (so doubt you can enter and exit easily).
And it's one of those dead in the water stocks UnTIl...
It breaks above the Box or Below the box. But even if it breaks below...
An idea assuming that another bottom will follow the preceding two and form the larger W structure.
Price can be drawn in a down channel but I think price will recovery at the middle of this down channel and extend to (1)
IDEX may be preparing for a reversal now
IDEX is a decentralized exchange backed by Binance
Some of us remember last summer when IDEX pumped 1000 % in one day
This is just a random signal
Do your own research before investing/trading
See ya !
For any questions leave them below in the comments sections
Take Care !
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If it's going below 0.40$, wait for the next bottom to form on 4h-Daily.
It's a new coin with uncharted territory and go very low in case btc decides to slowly dump from here.
Enter trade either when it breakes the violet line upwards or at your risk, the lower one, in hope of a bounce.
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Follow us,...
