Insolar Fakebreak of Support, Ready To Boom
Insolar (INSBTC) has been trading within a falling wedge and reached the bottom of it.
As the lower end of the falling wedge was hit, a fake breakdown of support took place. This happens when a support level breaks just to see prices move quickly back up.
As we see INSBTC move back above EMA10, we can notice the trading volume being 3x higher than average.
We also have a bullish MACD and RSI.
This chart is looking strongly bullish.
Conditions for change
If prices move and close below 0.00000977 the above signals become invalid and a new analysis is needed.
Thanks a lot for your support.
Namaste.
As the lower end of the falling wedge was hit, a fake breakdown of support took place. This happens when a support level breaks just to see prices move quickly back up.
As we see INSBTC move back above EMA10, we can notice the trading volume being 3x higher than average.
We also have a bullish MACD and RSI.
This chart is looking strongly bullish.
Conditions for change
If prices move and close below 0.00000977 the above signals become invalid and a new analysis is needed.
Thanks a lot for your support.
Namaste.
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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.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
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.