Assuming BTC won't mess things up looks like 1INCH has awaken. The hypothesis of an Adam&Eve formation I've pubblished some days ago looks like was correct. After the Eve formed and tested the neckline there was a retracement I've seen in differents A&E formations and then price broke out. The rectangle shows it formed a minor support which is pretty good for keeping going up
After my post I saw different interpretations of 1INCH's chart on socials and crypto channels, even if different from mine I was happy for two reasons:
1) all agreed with my view which was that the break out was close;
2) I was the first one noticing :D
I currently see a very little bearish DIV on 4h and daily RSI but this can be because bull wave is still happening. However if we have a retracement from here it's totally natural. Should the price dump I think a good entry point is at 4.76 (as indicated from the control line of volume profile).
I've been holding 1INCH for almost a month, exactly since I thought the retracement was over but then BTC messed up crypto. Unfortunately analysing well a chart isn't enough in this market because if BTC drops 1% people freak out and sell their alts. However if the project is good, sooner or later your patience is paid off.
I think 1INCH has the potential to reach double digit very soon, if it wasn't for the airdrop it'd be already there. Have faith and keep holding/buying it.
MID TERM TARGETS: zoom out, I've drawn 2 dashed lines: one is at 10$ and the other one is at 10.8$. First one is a psycological resistance, second one is 1.618 Fib line
After my post I saw different interpretations of 1INCH's chart on socials and crypto channels, even if different from mine I was happy for two reasons:
1) all agreed with my view which was that the break out was close;
2) I was the first one noticing :D
I currently see a very little bearish DIV on 4h and daily RSI but this can be because bull wave is still happening. However if we have a retracement from here it's totally natural. Should the price dump I think a good entry point is at 4.76 (as indicated from the control line of volume profile).
I've been holding 1INCH for almost a month, exactly since I thought the retracement was over but then BTC messed up crypto. Unfortunately analysing well a chart isn't enough in this market because if BTC drops 1% people freak out and sell their alts. However if the project is good, sooner or later your patience is paid off.
I think 1INCH has the potential to reach double digit very soon, if it wasn't for the airdrop it'd be already there. Have faith and keep holding/buying it.
MID TERM TARGETS: zoom out, I've drawn 2 dashed lines: one is at 10$ and the other one is at 10.8$. First one is a psycological resistance, second one is 1.618 Fib line