1inchusdt
1INCH/USD - Give me that $6 now! 1INCH has been a very greedy coin lately, pushing higher without much concern.
We had a short consolidation period in this descending triangle that we broke out of yesterday and now we retested it as support and quickly moved higher.
There is little hope for $6 to hold as we will blast through it soon (provided we do not fall off from this large ascending channel).
Resistance levels on the chart. Once we turn positive on MACD I expect us to push higher.
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1INCHUSDT1INCH has rose multiple X from its last major low and still does not show signs of weakness and yet this sideway plotted in the chart shows the charts rest for next move and more bullish power so its getting ready for next jump which will hit ATH again and after that we can decide if it might go for correction or whatever but now only up is the destination
1INCH-USDTGreetings,
1INCH instrument, I actively trade the instrument starting at 1$. You can trade on margin.
The price was in an uptrend channel, at the moment it has broken through and formed a bullish flag, potential for a flagpole length. Support on a pullback of 4.55
Always use a stop loss, and do not use a leverage greater than x3.
A trader should always have tomorrow.
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1Inch/USDTis this rocket ship just getting started? following a long accumulation zone, 1inch has ridden on very strong momentum to break out of the channel. A healthy retest to 3.8$-4.01$ is on the cards, as is the advancement of the ongoing price discovery ! Moving up the ranks of CoinMarketCap mighty quickly this one.
1INCH/USD - Going to $6 or will it cooldown?1INCH has been tremendously resilient in the face of any dips in the market and pushed higher in a sustained gain as soon as we passed the previous ATH.
Now we are hovering around $5 with some indecision in price action on what to do next.
There are two possible scenarios as always, we continue up with a good target around $6 or we correct further towards $3.8 where we have good support as indicated by the Fibonacci lines and also the ascending channel we find ourselves in.
Falling out of this channel would be quite bearish and unlikely. Hence as we stand now, I remain bullish on 1INCH, but watch out for some potential correction towards support.
The indicators still look bullish to me, however there are some signs we may need some cooldown as indicated by the MACD histogram that has been ticking lower for the past day. There is no negative cross yet, but that could happen, we just need to be patient to let price guide us.
I would not enter now, we need to break our previous high first or fall to support. Those would be good entries.
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