BINANCE:1INCHBTC   1INCH / Bitcoin

1INCH has been inching along so far. Still hasn't been able to break out and really make a move above it's previous ATH.

Possibly moving up within this parallel channel.

There was a greater downward resistance line that it seems to have broken above as well.

Could this be the calm before the storm?

Given how long it's been consolidating for there's potential for a big move in the near term.

It may also decide to just inch along this channel for a while longer.

Worth keeping an eye on and looks to be very promising if you're patient with it.

Also thought it'd be interesting to show how I would set up a long position if I were getting into it now.

Good luck everyone. Hope this was helpful.

1INCHBTC
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.