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1INCH / TetherUS
Long

1INCH Inverse Head & Shoulders (1H)

45
1INCHUSDT completed an Inverse Head & Shoulders pattern, clearly visible on the hourly timeframe.

Key Levels
• Left Shoulder: $0.223
• Head: $0.218
• Right Shoulder: $0.223
• Neckline: $0.232
• Measured Target: $0.245 (aligned with local high)

Status
Breakout has already occurred, activating the target.

Next Steps
It may be too late to chase, but a retest of the neckline as support (~$0.232) could offer a compelling long entry.

Invalidation Levels
• Early Invalidation: Break below $0.232
• Full Invalidation: Break below the right shoulder at $0.223
AliferCrypto
Also on:
1inchbreakoutHEADHead and ShouldersinverseInverse Head and ShouldersnecklineshouldersSupply and DemandSupport and Resistancetarget

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.
1inchbreakoutHEADHead and ShouldersinverseInverse Head and ShouldersnecklineshouldersSupply and DemandSupport and Resistancetarget
AliferCrypto
Also on:

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.