INS possible Death Cross; 30% Retracement Before Support
Updated
The 50ma and the 200ma are touching in deathcross fashion at the moment. I had higher hopes INS would move up sooner, but this makes me think we are going down before up on this one. Traditional RSI patterns also support this. However, we are at good support right now and putting a squeeze on resistance so we could avoid this cross (have to watch for it). If you entered in for the air drop rules I posted on my earlier chart you can still exit now (about even where entry was before) and enter back in around 30% retracement without losing any air drop credibility or stakes for June 30th. My understanding of the rules is that you just need to have a positive balance on June 30th and whatever you have in there at that time is equated to how many tokens you get dropped. I am expecting a build up starting in June, but we will get to that at that time.
Note
We are right at resistance and about to go through, but again I would remain cautious even though it looks good right now.Note
INS moving sideways and at a critical point of resistance on fork channel, inside channel, and upper descending. Can it keep moving sideways out of this wedge? 50ma and 20ma still only touching (no cross yet). Here is the updated stoch RSI.
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