1INCH / TetherUSLong
1INCHUSDT Potential rally?
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Last analysis (link below) we saw it respecting the rising wedge where it broke down to the 0.97 support level. Fortunately, it didn't broke down further and consolidated nicely at the 0.97 support. Currently we're seeing it develop into a wedge pattern and depending on how the last candle will close it will either respect the double top and pullback to the 0.97 support, if it holds the support, it's likely we'll see an upward momentum, if it breaks the support downwards, this chart is invalidated and we need to reassess the chart. If It pushes through the 1.2 resistance and ignores the double top, it's likely it will test the 1.39 resistance. The RSI also indicates a bullish divergence which is an additional sign that there's upwards potential coming up.
For long term, 1INCH is a solid hold and a nice addition to your portfolio, use the pullbacks to fill your bag.
For long term, 1INCH is a solid hold and a nice addition to your portfolio, use the pullbacks to fill your bag.
Note
It ignored the double top and held support. If it breaks through the 1.39 resistance, we can finally see new highs!Note
TP @ 1.50 350% profit.If the resistance becomes the new support, we can expect a new leg upwards!
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