1INCHUSDT (1INCH) - POTENTIAL BUY ENTRY

ANALYSIS 🔎
- 1INCHUSDT is obeying the predicted price action from my previous analysis.
- Price hit an ATH and retraced for a retest of the ascending trendline support ( ATS ), flip horizontal support ( FHS ) and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- The retracement is resisted by the descending trendline resistance ( DTR ).
- Breakout above the this counter trendline could be a bullish signal.

BUY ENTRY ⬆️
- Breakout above the descending trendline resistance ( DTR ) and horizontal resistance level (R1).

TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support ( ATS ) and the horizontal support level (S1).