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Inchusd

1INCH - 140+ day accumulation rally to breakout soon? - update1INCH is showing some strength while many other alts show weakness. I've been backing it for a while now and it is currently clearing some key zones I had marked out and working its way toward the macro neckline of an inverted head and shoulders. This will be strong resistance, but may see some impulsive moves if it breaks. Note it is 100% gain to previous high, and this kind of move is not out of the question if the market jumps in. Still a few hours on current 4H to confirm current level but on Daily 10, 20, 50 MAs are stacked bullishly and acting as support. the MACD has made bullish cross of 0 and trending up. OBV has been strongly bullish throughout accumulation. RSI is finding new highs showing bullish momentum (entering overbought but I use a fast moving RSI and it still has some head room) I have been accumulating 1inch backing this prospect since sub 2.5, but buying after breakout confirmation of neckline (marked in red) on 4H and would be the best option now. Unless we see another dip down and we find buy opportunities at support. I have the neckline marked at 3.8 but we would want an engulfing candle closing above 4 If we close a strong green on this 4H here 3.6-3.5 should act as some support, but 3.2-2.8 has been the local demand area (Trading below that range on the daily will signal this is not the trade, and we can look elsewhere)
Long
by jamoooo
$1inch - what a beautiful trade Closed a good amount of this trade manually just now, left a small amount running if there is a continued push Just incase BTC has a dump it is nice to take profits, and taking them at almost your top TP is even better. Plus can sleep with less of a worry! Anticipating some stronger resistance at 2.6 being the ATH 4HR candle zone - indicated by the small blue channel at the top of the chart Will think about re-entering on a dip if there is one, if not we will be waiting for the retest of the 2.6-2.7 region and looking for entries there See you in the morning chaps...
by InvestmentsHub
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