IGNISBTC

IGNISBTC

Right after its airdrop, its price dropped drastically from 0.00006949sats down to a support at 0.00001003sats. AS SHOWN BELOW

In the 4hours time frame, using the ICHIMOKU CLOUD SET UP (DOUBLED CLOUD)

The set up is currently bullish as indicated on the chart below.

ROUNDING BOTTOM SPOTTED

Rounding bottoms are chart patterns that are difficult to spot. The break even performance rank is small and the average rise is large, so they show good performance. Be careful midway through the turn since price sometimes shoots up only to drop back down.

Price trends upward to the pattern 62% of the time.The Shape Look for a rounded bowl shape, usually over many months and usually after an upward price trend.
BUMP - Price may shoot up midway through the turn, near the bottom, but price usually retraces most (not all) of the way back to where it started. The Bump figure on the chart with yellow colour.
Volume - The volume pattern mimics the price action – a curving trend, appearing most often as a dome (51%, U-shaped: 43%, random shape: 6%). The trend is upward 51% of the time (NOT SHOW)
The pattern confirms when price closes above the highest peak the pattern, either the left or right saucer lip (if it has one) the 2 yellow handles.

Technicals suggest that price has been ranging between 1275sats - 1017sats forming a rounding bottom that will breakout soon to meet a high of 1.618fibonacci extension. a buy signal will be given only when price breakout of the right saucer lip.

 

Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

$COV HODL

 

 

 

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