I like 1INCH. I think they are a good team and I ca see them having a positive future.
Chart wise, it managed to breakout from the falling broadening wedge. Its not trying to hold the resistance as support.
Play 1
What i would really like to see is the consolidation get stronger and stronger, and for the price action to creep up towards the overhead resistance and breakout. I would want to couple this with the 1 hour timefame price action and lagging strand to be above price and clear of one another. I can then see a clean rally to 0.799. A second target point of 0.849 lines up nicely with historical price action and also the fib extension.
Play 2
We lose support here, and this sort of sideways channel/mess that is form and make our way to the 0.5 and 0.618 fib mappings. Thinking that the 0.618 would be a great buy; sitting inline with historical price resistance (flip to support).
Wothwhile checking the 1INCH/BTC chart as always.
Chart wise, it managed to breakout from the falling broadening wedge. Its not trying to hold the resistance as support.
Play 1
What i would really like to see is the consolidation get stronger and stronger, and for the price action to creep up towards the overhead resistance and breakout. I would want to couple this with the 1 hour timefame price action and lagging strand to be above price and clear of one another. I can then see a clean rally to 0.799. A second target point of 0.849 lines up nicely with historical price action and also the fib extension.
Play 2
We lose support here, and this sort of sideways channel/mess that is form and make our way to the 0.5 and 0.618 fib mappings. Thinking that the 0.618 would be a great buy; sitting inline with historical price resistance (flip to support).
Wothwhile checking the 1INCH/BTC chart as always.
Comment:
1inch/btc looks good
Comment:
chart with less mess