After a retracement to the 0.5 Fibonacci level of the bullish candle on the monthly time frame, 1inch is holding the support. Another small dump with the price reaching $0.36 is possible, and a bullish move afterwards is expected with an important resistance around $0.42. The mid-term target is $1.50, but a lot can happen before that. For now, the target of $0.85 seems achievable if we see bulls in action.
However, if we lose the $0.35 support, things will get bearish. The major and last support is at $0.20, and then even $0.10 could be possible. For now, the chart looks good for bullish moves in both the short and long term, unless the support is broken. I'll update the chart then.
However, if we lose the $0.35 support, things will get bearish. The major and last support is at $0.20, and then even $0.10 could be possible. For now, the chart looks good for bullish moves in both the short and long term, unless the support is broken. I'll update the chart then.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.