1INCH/USD - Under key resistance, can we push ahead? đ
1INCH is approaching quickly the key resistance level between $4.2 and $4.5.
The indicators are looking bullish and BTC will allow most of the market to recover if it maintains its price above 50k.
The volume on this last push is not looking too bad and we have a good chance to push up to $4.5. However that level may be tricky to pass on first try as it was tested as support many times before and now it will certainly be a tough resistance.
For now I remain bullish and that stays so unless we break below this ascending triangle in blue.
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The indicators are looking bullish and BTC will allow most of the market to recover if it maintains its price above 50k.
The volume on this last push is not looking too bad and we have a good chance to push up to $4.5. However that level may be tricky to pass on first try as it was tested as support many times before and now it will certainly be a tough resistance.
For now I remain bullish and that stays so unless we break below this ascending triangle in blue.
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my technical analysis videos on YouTube. :)
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