Ignis / BitcoinLong
IGNISBTC Potential triangle break out
The bottom line of the triangle is the support that was tested twice, currently the price is near this level and should bounce again from it. This will be a fifth Elliott wave which will break the Triangle upward. We expect a significant rise of this coin as its fundamental basis is decent as well as technical. It has been recently added to Bittrex and we waited till the right moment to enter. Stoch RSI is in the overbought state, so we should wait till it dips a bit to the zone that is drawn on the chart. Probably it will be the best moment to buy IGNIS.
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