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.
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.
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ADA
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OG
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so far so good