INCENT (INCNT) - Long: 650% potential Hi everyone,
I believe Incent (INCNT) might be setting up for a rocket-run. The market cap has rapidly increased over the past few days, but its still relatively very low. The current total supply is 46,016,602 INCNT, with a market cap of $34.534.263 USD. So there is a lot of room left to grow.
Technically:
INCNT has broken out of a support-range which held strong for about 120 days. The price has now broken this major resistance and found support above the last resistance. Which is also the 200-EMA. Price has also pushed through the Bigass descending trendline. I think prices are accumulating right now, preparing the launch to planet God.
I think the first wave up is done and the market is in the second corrective wave, preparing for a big impulsive move to the upside. The RSI is a bit overbought, but I don’t think it even matters.
Fundamentally:
The team is releasing a beta (or whatever it is) of their product on the 26th of January, it might trigger some Australians to invest some kangaroos and crocodiles in this project, resulting in some $$ flowing in.
‘We have taken the decision to target 26 Jan 18 (Australia Day) for the launch of our first pilot product which will be a Chrome extension that when active, rewards Australian consumers with Incent.’
You only buy when there is a H4-close above the green trendline:
Targets:
1) 0.00022860 satoshi (1.618-extension)
2) 0.00036415 satoshi (2.618-extension)
Watch out for a break below the 200-EMA.
Ps. Patience is key.
Adioooooooos!
