1INCH is back down to a key area of interest. Two bullish scenarios I seeing playing out now.
1. It holds above 3.8 key support for next daily close and squeezes trend for a fresh break out. In which case I will reload on the breakout and retest
2. We see the market pull back again and 1INCH revisits the low 3s, unless we see an explosive market move more broadly in this scenario 1INCH will be stuck below the 3.8 level and will have to battle back up through this zone again before making serious moves
as long as it trades above 2.5-3 support zone I will remain bullish, and will be buying dips in this zone
3 is a big value area, some strong supports identifiable and an trend line support from low coming back into play.
RSI on the daily has already confirmed breakout, MACD EMAs are converging and looking to reverse on MACD trend. All signs look positive but mischief from Market Makers with BTC could drive us back to the low 3s quiet easily
Welcome back 1INCH!
(Apologies for the messy chart)
1. It holds above 3.8 key support for next daily close and squeezes trend for a fresh break out. In which case I will reload on the breakout and retest
2. We see the market pull back again and 1INCH revisits the low 3s, unless we see an explosive market move more broadly in this scenario 1INCH will be stuck below the 3.8 level and will have to battle back up through this zone again before making serious moves
as long as it trades above 2.5-3 support zone I will remain bullish, and will be buying dips in this zone
3 is a big value area, some strong supports identifiable and an trend line support from low coming back into play.
RSI on the daily has already confirmed breakout, MACD EMAs are converging and looking to reverse on MACD trend. All signs look positive but mischief from Market Makers with BTC could drive us back to the low 3s quiet easily
Welcome back 1INCH!
(Apologies for the messy chart)
