1INCH looks ripe for another rally. Even though we are limited TA-wise due to lack of data (because it's new and all), there's plenty of alarms going off that indicate we're going upwards. The 20EMA and 50EMA are about to cross on the hourly which suggests that 1INCH is turning bullish, we see it pulling back after hitting the 1.21 - 1.23 resistance area which is fine as long as it remains above the 1.15 support area and the 50EMA as it further develops. The pullback also helps us see an ascending triangle forming. So all in all, plenty of bullish indicators.
Trade safely.
Trade safely.
Comment:
1INCH pushed through the ascending triangle and is maintaining the 100EMA and holding the former resistance area and forming a bull flag. If it maintains this price level without breaking down any further we can expect another push upwards if it manages to break through 1.32 resistance area.
