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 on this daily timeframe has formed a lovely falling wedge
These more often than not break out bullishly to the upside
It seems price is already starting to creep in that direction
Yes it is also confirmed that this falling wedge is only 1INCH in length
1INCH had crossed resistance and looking to go higher, also completed a W formation on the 4 hour chart. We have taken a LONG position X30 leverage.
This is not financial advice, please always do your own analysis before you enter a trade.
I am sharing my trading plan on 1INCH/USD pair. I will not do anytihn until it bounces form support zone. After I will be looking for flip over r/s levels. If I see a retest combined with good signals from RSI and MACD, I might invest some money on this pair.
1Inch has been testing and retesting it's Demand Zone and is helding up well in these tough times when whole market is shaken up because of SPX tanking down thanks to FED.
Therefore, once this FEAR and FUD from FED would be removed pretty soon then we can expect bullish price action happening in Crypto market for Short to MID Term.
This is my current BTC...
The following content is machine translation:
In recent days, the lower shadow line of December 4 has been repaired.
After the repair, it was supported and is currently rebounding.
The big Yangxian broke the downtrend line today.
The indicator macd rejects dead forks.
In operation, look for more, pay attention to the resistance of price 3, break through 3 and...
Looking at the daily chart a clear head and shoulders is forming. We are breaking the downtrend that completed the head, now consolidating to start forming the right shoulder.
The adx has a downtrend that has not broken yet but I think it will then we will see momentum.
The TMO is squeezing to the upside
Over all I think this could be a good possibility we can...