1INCH/USD - Consolidating before pushing towards $12!
1INCH has formed a patter that is similar to LIT and MATIC and is consolidating in this yellow channel which I expect us to break out of soon.
Once we break-up I can see 1INCH pumping hard towards $12. That may take a while, but it is a good target once we move away from this channel. Check out MATIC as the fractal is similar.
The indicators on daily are about to explode on the bull side and with a bit of luck and some more bullishness from ETH (provided BTC does not spoil our party here) 1INCH should push higher against the current resistance. Once that is cleared we're good to pump hard.
As such, aim to enter a breakout, that would be the best risk/reward entry on this formation. Don't think we will bounce between resistance and support for much longer.
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Once we break-up I can see 1INCH pumping hard towards $12. That may take a while, but it is a good target once we move away from this channel. Check out MATIC as the fractal is similar.
The indicators on daily are about to explode on the bull side and with a bit of luck and some more bullishness from ETH (provided BTC does not spoil our party here) 1INCH should push higher against the current resistance. Once that is cleared we're good to pump hard.
As such, aim to enter a breakout, that would be the best risk/reward entry on this formation. Don't think we will bounce between resistance and support for much longer.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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