Today I will be sharing a trade for the altcoin INS Ecosystem (INS), which broke out recently and its preparing to start a new bull run based on some fundamentals and signals that I am getting from the charts.
Let's take a quick look at the fundamentals first:
- The team behind INS has established a partnership with PostNL — Netherlands Largest Fulfillment Operator. As well as two new more partnerships with coming this week, this can have a positive effect on the price.
- INS Token Airdrop on 2-June-2018.
- Active developers team.
- Many announcements happening all the time.
Now, let's look at the part that I am more interested on... the charts.
INS Ecosystem (INS) Trade Analysis by Alan Masters
CHARTS, SIGNALS & INDICATORS
On the daily chart:
- It is a young chart, but on top of the fundamentals coming, we have quite a few signals telling us that there is a profit to be made here. Let's take a look.
- There was a strong breakout on 24-April, breaking above a resistance level that hasn't been broken since 7 weeks ago. After Bitcoins drop and the Altcoins market quick correction, INS seems to be ready for more.
- The SMA20 (green) crossed up the SMA50 (line).
- The RSI is in the bullish zone, as well as the DMI, OBV and STOCH.
- There is positive divergence on the MACD daily candle time frame and plenty of room left for growth.
- We are looking at 300%+ earnings potential, but this a young altcoin and it hasn't gone through a full cycle, the potential can be a lot bigger if enough momentum is gain once the action starts. - There is also good trading volume for this coin.
- Let's look at the trade instructions now...
TRADE INSTRUCTIONS
Buy-in: 0.000175 - 0.000220
INS Ecosystem Targets:
SHORT - MID
(1) 0.000239
(2) 0.000256
(3) 0.000285
(4) 0.000335
LONG
(1) 0.000464
(2) 0.000556
(3) 0.000673 (All time high)
(4) 0.001011
Stop loss: 0.000126
ENJOY YOUR DAY!
Yes. Enjoy the good positive days, the days we earn a lot...
We love those.
But those days that the market is going down or calmed, those are great as well.
We simply enjoy every single day.
We stay calmed and relaxed, we will always earn at the end.
Namaste.