Long
Updated

INCENT (INCNT) - Long: 650% potential

1196
Hi everyone,
I believe Incent (INCNT) might be setting up for a rocket-run. The market cap has rapidly increased over the past few days, but its still relatively very low. The current total supply is 46,016,602 INCNT, with a market cap of $34.534.263 USD. So there is a lot of room left to grow.

Technically:
INCNT has broken out of a support-range which held strong for about 120 days. The price has now broken this major resistance and found support above the last resistance. Which is also the 200-EMA. Price has also pushed through the Bigass descending trendline. I think prices are accumulating right now, preparing the launch to planet God.
snapshot
I think the first wave up is done and the market is in the second corrective wave, preparing for a big impulsive move to the upside. The RSI is a bit overbought, but I don’t think it even matters.

Fundamentally:
The team is releasing a beta (or whatever it is) of their product on the 26th of January, it might trigger some Australians to invest some kangaroos and crocodiles in this project, resulting in some $$ flowing in.

‘We have taken the decision to target 26 Jan 18 (Australia Day) for the launch of our first pilot product which will be a Chrome extension that when active, rewards Australian consumers with Incent.’

You only buy when there is a H4-close above the green trendline:
snapshot

Targets:
1) 0.00022860 satoshi (1.618-extension)
2) 0.00036415 satoshi (2.618-extension)

Watch out for a break below the 200-EMA.

Ps. Patience is key.

Adioooooooos!
Note
Broke the 1$-barrier: snapshot
Note
INCENT is setting up a nice triangle. I can see something like this happening:
snapshot
Note
Order book is loading up, volume is rising: we might have a breakout here.

snapshot
Note
Came back and retested last highs on the USD-chart: snapshot
Note
Last resistance i mean.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.