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1INCH / UST

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1INCHUST trade ideas

1INCH broke descending channelI had this descending channel for days waiting for it to break as I'm a holder and I didn't sell before Q1-Q2 dump. Following the entire cryptomarket which today is green even 1INCH has pumped and finally broke the descending channel and it's currently testing a 4h resistance (in orange) although at 1h it seems to have been rejected at least once. Usually channels get retested so I wouldn't be surprised if price touched upper band again but in the end the target by "book" it's on chart. If it manages to go over 3.47 next resistance, this time a daily one, is 3.92. From there, should the pump continue, we should reach Q1 price levels. If we capitulate I think 2.85-2.92 is a support. I expected 1INCH to reach double digit in Q1, it's the only DEX project which isn't on those levels so when alts season starts again it should reach 10USDT at least because the project itself is good!
by Shotokhan
1INCH - 140+ day accumulation rally to break soon? - updateTaking another look at 1INCH after my recent post about the inv' head and shoulder pattern developing within a strong ranging 140+ day accumulation area, with very positive prospects of explosive upside if the 3.82 neckline is broken. Recently 1INCH broke the global trend with a strong bullish candle before seeing a strong sell off back down to the 3.0 range. The daily candle closed above the trend on the retest and we are now seeing positive growth again. Looking for a break above the near-term resistance of 3.36 marked in orange before a move up toward the neckline. OBV has been trending constantly up on both the daily and the weekly confirming the accumulation and building volume pressure despite the ranging price. MACD is healthy and bullish trend is trading above 0. 10, 20 and 50 MA on the daily are stacking up neatly with the 20 soon to cross the 50 and hopefully signal a bullish continuation. Worth keeping on your watch list. Optimistically, potential mid-term 100% profit target if neckline breaks. Near-term targets marked on chart I have been accumulating a position on 1INCH from the 2.5 range and will continue to add to this with each pull back to the 2.8-3 range. If we trade below the 2.5 I will halve my position and look elsewhere until 1INCH either bottoms again around the 1.6 or shows new signs of strength If it wasn't for its logo I would probably be more committed to this token!
Long
by jamoooo