Insolar Fakebreak of Support, Ready To Boom

19 Mei 2020

Insolar (INSBTC) has been trading within a falling wedge and reached the bottom of it.

As the lower end of the falling wedge was hit, a fake breakdown of support took place. This happens when a support level breaks just to see prices move quickly back up.

As we see INSBTC move back above EMA10, we can notice the trading volume being 3x higher than average.

We also have a bullish MACD and RSI.

This chart is looking strongly bullish.

Conditions for change
If prices move and close below 0.00000977 the above signals become invalid and a new analysis is needed.

Thanks a lot for your support.

Namaste.