INV Bullish IndicatorAlt Coin Analysis: INV
🚀 Bullish Scenario:
My analysis shows that INV may experience a bullish trend in the medium term. The current price is hovering around the support level of $29.50. If it manages to hold this level, we can expect the price to rise to the next resistance level at $36.60 and potentially break out.
📈 The RSI indicator is currently in the oversold region, indicating that INV is undervalued and may experience a bullish reversal already. Additionally, the MACD indicator is showing signs of a breaking out, indicating that the momentum is shifting upward. On top of that 4hour time frame 200ma is about to cross show sign of a movement coming.
🔻 Bearish Scenario:
However, it's important to consider the possibility of a bearish trend. If INV fails to hold the $28.50 support level, we could see a drop to the next support level around $26.
📉 In this case, the RSI could remain in the oversold region for a longer period, and the MACD might show a bearish divergence.
Strategy: If the price drops below the $28.50 support level, it may be wise to consider setting stop-loss orders.
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🔗 Previous Chart Links:
Below are some previous chart links I've written in the past for reference:
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