Long
Incent VS Bitcoin Buying Opportunity
Since January the 1st Incent has been correcting downwards for the all-time high at 7.7k satoshi, down to the 2.6k satoshi, losing 65% to the Bitcoin. From 2.6k price went up to the 3.4k satoshi resistance while forming a bullish divergence on the RSI oscillator.
Currently, there seems to be a buying opportunity, but the 3.4k satoshi resistance must be broken. This resistance level is inline with the inverted head and shoulders neckline trendline. On the breakout, the H and S pattern should be completed by sending price back to the 5.4k satoshi resistance, that previously was rejected several times.
Break above the resistance should establish a longer-term uptrend sending price much higher. On a downside, the support in at 2.4k satoshi and only break and close below could invalidate bullish outlook.
Currently, there seems to be a buying opportunity, but the 3.4k satoshi resistance must be broken. This resistance level is inline with the inverted head and shoulders neckline trendline. On the breakout, the H and S pattern should be completed by sending price back to the 5.4k satoshi resistance, that previously was rejected several times.
Break above the resistance should establish a longer-term uptrend sending price much higher. On a downside, the support in at 2.4k satoshi and only break and close below could invalidate bullish outlook.
Uwaga
neckline is brokenUwaga
support rejectedUwaga
double bottom is formed at the support
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.