1INCH has finished its short correction and now is turning back up from support towards $6 and likely $7 soon.
Buying this support line was a great opportunity for a long with a target at $6-7.
1INCH can pump very fast, so these levels may be reached quite soon. Question is if we will go above $7 to set a significant higher high?
The reason I say this is because we are forming a bearish divergence on daily RSI which may not be confirmed now (we can still pump for some time) but eventually we will get a significant correction after a new high / ATH.
When will that happen is hard to know, but best to have stop losses in place and ride the waves as long as they last. Once we break this ascending channel, it's time to look for shorts.
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Buying this support line was a great opportunity for a long with a target at $6-7.
1INCH can pump very fast, so these levels may be reached quite soon. Question is if we will go above $7 to set a significant higher high?
The reason I say this is because we are forming a bearish divergence on daily RSI which may not be confirmed now (we can still pump for some time) but eventually we will get a significant correction after a new high / ATH.
When will that happen is hard to know, but best to have stop losses in place and ride the waves as long as they last. Once we break this ascending channel, it's time to look for shorts.
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
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