ANALYSIS 🔎
- 1INCH/BTC is bounded in the falling wedge pattern.
- Price is testing the falling wedge's support.
- The downtrend swing is resisted by the descending trendline resistance.
- Breakout above the descending trendline resistance could lead test of the falling wedge's resistance.
- Further breakout above falling wedge's resistance could lead to test of the horizontal resistance levels.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the descending trendline resistance.
- Limit entry: test of the falling wedge's support.
TARGETS 🎯
- Short term targets (black arrow pointer): falling wedge's resistance.
- Long term targets (blue arrow pointers): Horizontal resistance levels (@0.0001334, @0.000167).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
- 1INCH/BTC is bounded in the falling wedge pattern.
- Price is testing the falling wedge's support.
- The downtrend swing is resisted by the descending trendline resistance.
- Breakout above the descending trendline resistance could lead test of the falling wedge's resistance.
- Further breakout above falling wedge's resistance could lead to test of the horizontal resistance levels.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the descending trendline resistance.
- Limit entry: test of the falling wedge's support.
TARGETS 🎯
- Short term targets (black arrow pointer): falling wedge's resistance.
- Long term targets (blue arrow pointers): Horizontal resistance levels (@0.0001334, @0.000167).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.