If you missed the jump off with 1INCH this is another entry point or a chance to build position.
1INCH is in the process of forming a beautiful bull flag formation. local demand are is between 3.8-4 which is neckline of Macro Head and shoulders confirmed breakout, so now acting as strong support. Watch for 1INCH to break the upper trend and continue its bullish move, depending on relationship with risk, can wait for a strong close above last swing high pivot. Confirmation will be seen on RSI trend break and MACD bullish move
Invalidation will be trading below 3.8 on the 4H
1INCH is in the process of forming a beautiful bull flag formation. local demand are is between 3.8-4 which is neckline of Macro Head and shoulders confirmed breakout, so now acting as strong support. Watch for 1INCH to break the upper trend and continue its bullish move, depending on relationship with risk, can wait for a strong close above last swing high pivot. Confirmation will be seen on RSI trend break and MACD bullish move
Invalidation will be trading below 3.8 on the 4H
Note
Potential breakout underway. still some market ambivalence which may lead to sideways move. but sign of strength. MACD bullish on LTF, RSI momentum above 50
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.