Put 1INCH on your watch list if you haven't already. 142d accumulation beneath key level. Defi token forming an inverted head and shoulders, OBV on the daily is clearly bullish and already trending above key level, signalling a strong accumulation. MACD is healthy. RSI recently broke local trend - will be looking for it to reset above the 50 to confirm bullish sentiment.
Watch for the breakout
Watch for the breakout
Note
1INCH squeezing global trend and finding good buyer support. Should be able to grab 19% soon with first TP at 3.8.
3.8 is strong resistance, good to take profit there may take some effort to break but expecting a strong rally once it does. following profit targets, around $5, $6.5 and $7
Note
Not a bad moment to accumulate some 1INCH with stop below 3.2 - When BTC settles, i'll be looking for pump up of 1INCH (DOT, MATIC, ROSE)
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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.