1INCH PREPARING FOR A PUMP?
As we are can see, the correction that we have being waiting for is occurring on 1INCH, which is a beautiful thing. We have many reason to believe that there might be a pump coming on this pair due to technical reasons that i am going to explain.
1- ON the weekly time frame, we see that preceding candle ended bullish but with a very long wick. And when ever that happens, we expect the market to cover that wick on the following candles, cause it just means that on the lower time frames there was just a retracement.
2- On the 4H hour time frame we are seeing a break of structure and the formation of a Price Approaching (3D). And as i said on my earlier analysis, whenever we see that price has pumped massively. If you are willingly to see example of those kindly tell me in the comment section i will be able to show you different charts.
so once price arrives at the zone of decision point, and when we see signs of bullishness and rejections, it means that it is about to move to the upside. Well it is all about be reactive and not predictive. I personally after using the fib on the chart at least the move to the upside should take us to the -0.272 level of the fibs which is a target of more than 100% of investment on the pair.
N.B: This is not a financial advice. And make good use of money and risk management while placing your trades.
1- ON the weekly time frame, we see that preceding candle ended bullish but with a very long wick. And when ever that happens, we expect the market to cover that wick on the following candles, cause it just means that on the lower time frames there was just a retracement.
2- On the 4H hour time frame we are seeing a break of structure and the formation of a Price Approaching (3D). And as i said on my earlier analysis, whenever we see that price has pumped massively. If you are willingly to see example of those kindly tell me in the comment section i will be able to show you different charts.
so once price arrives at the zone of decision point, and when we see signs of bullishness and rejections, it means that it is about to move to the upside. Well it is all about be reactive and not predictive. I personally after using the fib on the chart at least the move to the upside should take us to the -0.272 level of the fibs which is a target of more than 100% of investment on the pair.
N.B: This is not a financial advice. And make good use of money and risk management while placing your trades.
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