price broke out from falling wedge, which is a bullish pattern.
so I think 1INCH price will have a pullback to the broken resistance, there would be a good price to buy.
potential to increase 40% - 80% 🚀
BINANCE:1INCHBTC may be ready for potential up move,
After held the support area, retested again recently.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for...
- 1INCH/BTC is bounded in the falling wedge pattern.
- Price is testing the falling wedge's support.
- The downtrend swing is resisted by the descending trendline resistance.
- Breakout above the descending trendline resistance could lead test of the falling wedge's resistance.
- Further breakout above falling wedge's resistance could lead to test of...
1INCHBTC - price has broken below this level of daily support but is still trading inside of this massive falling wedge formation, a break back above this confluence of resistance with the 50MA and trendline would be very bullish.
1INCHUSDT is inside a descending channel and now the price is testing the 4h resistance. IF the price will have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
1INCH gets back to weekly support around 6900-6500 satoshi, so longing between these levels maybe good idea. Last 2 weeks 1INCH stays strong vs bitcoin. Stop level should be below 5700 satoshi, target should be around 8100 satoshi. RR is around 1.34.
This altcoin pair has been very clear.
The support zone for 1INCHBTC has been stable since February 2021, that's over four months now.
This level continues to hold.
We can make a clear assumption based on this...
We are bullish above the support zone (green).
We are bearish below (red).
Right now we have a "volume breakout", the biggest volume bar since May...