Alt Coin Analysis: INV
🚀 Bullish Scenario:
My analysis shows that INV may experience a bullish trend in the medium term. The current price is hovering around the support level of $29.50. If it manages to hold this level, we can expect the price to rise to the next resistance level at $36.60 and potentially break out.
📈 The RSI indicator is currently in the oversold region, indicating that INV is undervalued and may experience a bullish reversal already. Additionally, the MACD indicator is showing signs of a breaking out, indicating that the momentum is shifting upward. On top of that 4hour time frame 200ma is about to cross show sign of a movement coming.
🔻 Bearish Scenario:
However, it's important to consider the possibility of a bearish trend. If INV fails to hold the $28.50 support level, we could see a drop to the next support level around $26.
📉 In this case, the RSI could remain in the oversold region for a longer period, and the MACD might show a bearish divergence.
Strategy: If the price drops below the $28.50 support level, it may be wise to consider setting stop-loss orders.
💬 Engage with Me:
Shoot me a message with your Technical Analysis to see your thoughts and trading strategies. Let's discuss where Atom might go next!
👍 Support & Follow:
Press the Thumbs Up and shoot me a message below with your ideas on where Atom may go next. Thank you for the support!
🔗 Previous Chart Links:
Below are some previous chart links I've written in the past for reference:
#CryptoWhale100Billion #CryptoAnalysis #AltCoin #INV #TradingView #CryptoCommunity
🚀 Bullish Scenario:
My analysis shows that INV may experience a bullish trend in the medium term. The current price is hovering around the support level of $29.50. If it manages to hold this level, we can expect the price to rise to the next resistance level at $36.60 and potentially break out.
📈 The RSI indicator is currently in the oversold region, indicating that INV is undervalued and may experience a bullish reversal already. Additionally, the MACD indicator is showing signs of a breaking out, indicating that the momentum is shifting upward. On top of that 4hour time frame 200ma is about to cross show sign of a movement coming.
🔻 Bearish Scenario:
However, it's important to consider the possibility of a bearish trend. If INV fails to hold the $28.50 support level, we could see a drop to the next support level around $26.
📉 In this case, the RSI could remain in the oversold region for a longer period, and the MACD might show a bearish divergence.
Strategy: If the price drops below the $28.50 support level, it may be wise to consider setting stop-loss orders.
💬 Engage with Me:
Shoot me a message with your Technical Analysis to see your thoughts and trading strategies. Let's discuss where Atom might go next!
👍 Support & Follow:
Press the Thumbs Up and shoot me a message below with your ideas on where Atom may go next. Thank you for the support!
🔗 Previous Chart Links:
Below are some previous chart links I've written in the past for reference:
#CryptoWhale100Billion #CryptoAnalysis #AltCoin #INV #TradingView #CryptoCommunity
Note
So we hit the resistant area and held. Continuing my analysis I'm more bullish for a continued up trend.Trade active
And Made it!Trade closed: target reached
And again.
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.
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.