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alainbkk
Feb 18, 2021 8:04 AM

#1INCH #1INCHBTC What next? Breakout, consolidation or go down? Long

1INCH / BitcoinBinance

Description

#1INCHBTC (Binance 4-hour)

Even we only have a 2-month historical chart, this interesting structure shows 2 patterns with a "Cup & Handle" formed inside an "Ascending Triangle", and followed by a "Falling Wedge" (due to the #BTC that dumped Alts) where it was stopped on the 50% Fibonacci retracement.

Now the question is, what next? Will it try to breakout soon, to consolidate at this level, or to go down?

Take your own decision... I made mine! ;-)
Comments
ForecastCity_World
Good job

Here is our recent analysis for the pair:


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