This is a strong look for 1INCH, breaking and closing through resistance around $4 on the daily chart, having completed an inverse (bullish) Head & Shoulders bottoming pattern. Could now see a move up to the $7 area over time.
now in a face with very important resistance and if it can break successfully higher level of price is easy to reach and if not the support levels is the main host for price next movement..... all the possible trend draw
I'm more happy to see the long trend as we draw time analysis which can possibly be happened in next 7 days.
1INCH is at the LPS of an accumulation range and approaching a potential markup. Use this chart to track its trajectory. This is not financial advice. Trade at your own risk.
I entered this swing at $3.62. My invalidation point is $3.44 with a target range between the 1.271 - 1.618 Fibonacci levels.
Like many other well-founded cryptoactives, 1Inch is another one that promises to pop the lid.
Again we have the "Cup and Handle" pattern, offering a good risk/return opportunity.
Upon breaking the cap, the first target could be at $7.5 with a 72% profit.
And the second target would be equal to the fulfillment of the first cup, which coincides with level 2 of the...
1Inch formed a symmetrical triangle on a daily timeframe. Not the best example. Today 1inch broke through the resistance. If we close the daily candle above the resistance this could be a very bullish sign. Target should be at around 7,60$
1Inch has netted 5.62% gains in under 24 hrs. This is since the preliminary entrance I took yesterday at 3.73. It's up nearly 7% overall in the past 4 hrs.
Prognosis: 1inch is strong and bullish, shooting up the Fibonacci ladder with resolve. I think it will come back to retest the .272 before resuming its climb.
*Professional Wyckoffian VSA crypto swing trader...
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