IGNIS-BTC (high risk short term trade)Published that before the downtrend line was broken at our Discord channel (let me know if you would like to join).
1st target got hit after accumulation zone was identified.
Possible short term trades still possible or than bounce back to accumulation zone to test support again
BRG Animus
IGNISBTC trade ideas
IGNISBTC Potential triangle break outThe 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.
IGNIS likely forming the preferred pump formation C&H#beyondTA
If you look back recently at coins that had solid pumps, like NULS, ADA, NEO(see first pump back in may/june), MANA, what do they have in common?
A cup and handle formation right out the get go with no resistance above the current price line. traders crush these patterns and overinflate their values.
The longer term the formation the better.
Now, IGNIS was created by NXT. Regardless of your opinion of NXT, the NXT charts suggests this coin to be manipulated for P and D gains. I going beyondTA Here to suggest ignis will be in accumulation stage for artificial pumping as the pump is set up.
Look for IGNIS to trade below 3.5k sats for weeks. watch for the C and H.