I want to make you aware that 1INCH/USDT has successfully broken the $4 resistance level twice so far today! The coin broked the 3.3 one two days ago drawing a beautiful double bottom patterns and next to it, a bullish channel. The only thing reducing my hopes for it to reach 8.27 in less than two weeks is the high RSI level. What do you think traders? Would you tell us in the comments.
Wish you all a good trading day!
Time frame: 4H
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Mistake: Time frame is 1D. You can see the bullish channel on the 4H Time frame.
Nice chart - obviously, we're all watching BTC broadly... But so long as BTC doesn't turn supernova, your chart is good. I used the 4 hour chart to establish that a trend had been broken to the upside (as have many others on this site). It's good confirmation to have the daily and the 4 hourly lining up to give a 'buy' signal.
RSI is middle-of-the road on my daily chart. Neutral really.
Claryk
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Does it still has the hope to go to 8?
belkhiriamokhtar
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@Claryk we should wait for it to hit 4.2 to go long.
RSI is middle-of-the road on my daily chart. Neutral really.