This is an update from my previous TA, see link below.
Looks like 1INCH is consolidating and building up for a run. If it holds the support we might see it follow the 20MA in an uptrend and you can consider a long position. If it breaks below, it may test the support area and breakdown even further.
Trade safely.
Looks like 1INCH is consolidating and building up for a run. If it holds the support we might see it follow the 20MA in an uptrend and you can consider a long position. If it breaks below, it may test the support area and breakdown even further.
Trade safely.
Note
It is currently nearing the support area. If it hits similar price levels from the previous candles (~1.03) in the support area we need to see if it bounces back up again. Further breakdown could lead to lower prices and this chart is invalidated.Note
Support area has broken, chart is invalidated.
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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.