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Altsignals
Oct 12, 2021 3:12 PM

1INCH - Double Bottom Soon? 

1INCH / TetherUSBinance

Description

1inch has been consolidating on the higher timeframe. We can see that recently price made a double top and is moving down slowly. We saw a tap of the 61.8 fibonacci and the target fib of -0.27 lines up with the double bottom which would be a great place to look for buys.

Until then, look for shorting opportunities such as bear flags to take us back down to the bottom.
Comments
Hugo_Filipe
Guys, your job is most of the times amazing, but it would be great if we could get a post analysis when the facts go opposite to the expectations. Thanks and keep up the good work!
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