DU09

1INCH/USD - Ascending triangle towards $4!

Long
BINANCE:1INCHUSDT   1INCH / TetherUS
Can 1INCH double soon in price? Hell yeah! 1INCH is a decentralized exchange (DEX) aggregator where people can quickly swap ERC-20 tokens from Uniswap/SushiSwap and other platforms at the best possible price!

1inch.exchange/

We are now at the top resistance of this ascending triangle which may push us lower before we can break-out. Nevertheless, I expect us to break-out soon and move quickly to $3 and then $4.

Target points are on the chart.

The indicators are also looking good with a bullish MACD cross telling us momentum is in favor for a bullish move. We have to see how long this resistance line keeps us in the triangle, but the set-up is very clear to me.

Aim to buy a break-out and watch volume as we go up. If all things click, enter at breakout or when we re-test resistance.

1INCH token was recently released on Christmas 2020 and is one of the HOT DEFI coins to flirt with. :)

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