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1INCH / TetherUS

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1INCHUSDT trade ideas

The 1INCH rebounded from the resistance at $ 2.09.Hello everyone, let's take a look at the 1D 1INCH to USDT chart. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 1.89, if the support breaks down, the next one is $ 1.75 and $ 1.65. Now let's move from the resistance line, as you can see, the first resistance is $ 2.09, on which the price has already rebounded, if you manage to break it, the next resistance will be $ 2.30, the next one is $ 2.60 and the next one will be around $ 2.99. Looking at the CHOP indicator, we can see that most of the energy in the 1D interval has been used up.
by cryptodailyuk
1INCHUSDT brekout!The price had a breakout from the descending channel after a bounce on the daily support on 1.32$. Nice volume so far. On the 4h timeframe, the price is creating a W pattern where the neckline is on 0.618 Fibonacci level on 1.4$. Big News ahead on this Coin How to approach? We are monitoring the key levels, we could see a retracement until the previous resistance now new support. IF the price is going to satisfy ALL our rules, we could open a new long position with a very nice risk reward
Long
by InkyGrip