IGNIS prediction 12/03/2021CNH almost completed
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Cup to bottom 24%
Upper resistance (ATH) = 0,1232 (red dotted line)
Buy @ handle < 0,116
Set sell @ <24% x 0,1232 < = 0,1527
Estimated competion of CNH cycle 6H - 8H
Ignissignals
IGNIS - Looking for New SupportIGNIS followed BTC and dropped broke to the downside through the bottom of the newly formed triangle. We may find new support near the 100 MA or just below (orange line) and may enter another phase of accumulation.
This is not trading or investment advice. These are my observations and I'm just having fun!
IGNIS Moving Again After Period of AccumulationSome have asked me about Ignis.
The elevated Bitcoin dominance has kept altcoins, including IGNIS, searching for newer lows. But during the past week IGNIS showed more movement with higher volumes and gave more information to start looking for trends and patterns again.
We can see a quick push through the MA200 and over the cloud. A descending channel formed on the correction (dotted blue lines) and I anticipated support at .00000295 (orange line). Instead IGNIS stopped and moved sideways in a brief accumulation and then turned up. This looks like it could be setting up an ascending triangle (purple lines).
The MACD is poised for a crossover. Will the triangle hold? If it does, IGNIS will be moving above the cloud and above the MA200. A breakout, one way or another would happen within a few days. Let's keep an eye on fundamentals and BTC dominance as both play a key role in the price action of IGNIS.
This is not trading or investment advice. These are my observations and I'm just having fun!
IGNISUSD +300% profit buy opportunityPattern: Gap filling of previous 1W Lower Highs.
Signal: Bullish once the price makes a full test of the 1D Support Zone after being rejected on the 1W Resistance Zone.
Target 0.18000 (the low of the last 1W Lower High).
