🔥 1INCH Continuing Bullish Price Action
1INCH has been one of the big winners since the sell-off earlier this week. In my previous 1INCH analysis I predicted a small retrace before the bullish move upward, take a look for reference:
Currently, I'm expecting the bullish move to continue towards the 5.40 level. This level is important because it was a previous resistance during the horizontal channel period of a few days ago. I'm betting on a retrace towards the 4.40 area in a couple of days, where the support will hold and trigger a new bullish move towards R1 and R2.
Before entering this trade wait for the price to touch the Entry line.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
Currently, I'm expecting the bullish move to continue towards the 5.40 level. This level is important because it was a previous resistance during the horizontal channel period of a few days ago. I'm betting on a retrace towards the 4.40 area in a couple of days, where the support will hold and trigger a new bullish move towards R1 and R2.
Before entering this trade wait for the price to touch the Entry line.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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