I had this descending channel for days waiting for it to break as I'm a holder and I didn't sell before Q1-Q2 dump.
Following the entire cryptomarket which today is green even 1INCH has pumped and finally broke the descending channel and it's currently testing a 4h resistance (in orange) although at 1h it seems to have been rejected at least once.
Usually channels get retested so I wouldn't be surprised if price touched upper band again but in the end the target by "book" it's on chart. If it manages to go over 3.47 next resistance, this time a daily one, is 3.92. From there, should the pump continue, we should reach Q1 price levels. If we capitulate I think 2.85-2.92 is a support.
I expected 1INCH to reach double digit in Q1, it's the only DEX project which isn't on those levels so when alts season starts again it should reach 10USDT at least because the project itself is good!
Following the entire cryptomarket which today is green even 1INCH has pumped and finally broke the descending channel and it's currently testing a 4h resistance (in orange) although at 1h it seems to have been rejected at least once.
Usually channels get retested so I wouldn't be surprised if price touched upper band again but in the end the target by "book" it's on chart. If it manages to go over 3.47 next resistance, this time a daily one, is 3.92. From there, should the pump continue, we should reach Q1 price levels. If we capitulate I think 2.85-2.92 is a support.
I expected 1INCH to reach double digit in Q1, it's the only DEX project which isn't on those levels so when alts season starts again it should reach 10USDT at least because the project itself is good!
Comment:
ehi there, 1INCH is moving as I told you in my last signal and as you can see the first resistance I've told you about was tested already at 4h timeframe, hopefully it will consolidates at daily. If BTC fails to go over past ATH and dumps expect alts to capitulate
Comment:
1INCH is currently having the best performance among the most famous DEX tokens (SUSHI, UNI, AAVE). From here next resistance is 5.28 which is a price we touched before crypto dump at the end of Q1.
Trade closed: target reached:
ah, BTW, if you entered for the short term my target has been reached and you can sell. If instead you're here until we go double digits let's keep riding together!