1INCH is interesting for watching here1INCH / USDT
96% dump from the top with massive downtrend line without any breakout for almost 1 year
Early Signs of bulls :
– Price is testing trendline resistance for 5th time
– possible double bottom
– bullish divergence (RSI)
If btc bulls can save 18k for next few days / weeks strong bullish wave will come for altcoins market and this one will follow
So keep your eye on it
1inch
1 INCH. At the moment 1inch is performing a beautiful falling wedge running into support, a breakout of the falling wedge could result in 20% profit in the short term.
I believe that 1INCH has a lot of work to do before we see a complete double bottom.
I could imagine a breakout and then a retest of this same level putting in a last double bottom, givin us a bigger measured move, before the real big take off. - well how knows? but I see 20% profit potential in the short term.
Watch for a breakout here.
1INCH broke out ready to fly#1INCH/USDT
$1INCH broke out from daily descending trend line and is in pullback to broken line, also it is rejected from lower line of ascending channel.
🐮 holding above ascending support will increase price to resistance around $0.78 and maybe upper line of channel.
if price touch the upper line of channel it is another break out and price can continue its upward move toward resistance zone around $1.1.
🐻 break down from ascending support can drop price to liquidity zone around $0.5
A good chance, over 172% profitableOn weekly chart,
BINANCE:1INCHUSDT has touched a support and bounce back.
Right now, it's trading at 0.73
Besides, it's broken out Descending Channel. This signal is good for bullish.
Resistance of mid-term at 2.0
On 2H TF, we can join the race when it's testing.
Let's wait and see.
1INCH - Pullback before the RallyWe have seen relatively strong growth across multiple coins. The short-term consolidation phase might be about to begin. In this case, we'll see a 10-15% pullback across the board. In regards to 1INCH, price should test the key demand area. Then, another wave up is expected.