After a long period of consolidation, 1INCH is falling to the lower end of the support. Since Bitcoin failed to stay above the $50k line, it has been steadily declining, fueling fears for a possible dump in the short term. This fear is taking most other crypto's down.
I've decided to keep the two targets close since I'm not bearish on BTC yet, although that could change from day to day.
On the chart Iâve marked two potential areas of resistance, S1 and S2. These areas are based on recent swing lows and round numbers. Do your own due diligence.
Happy trading!
I've decided to keep the two targets close since I'm not bearish on BTC yet, although that could change from day to day.
On the chart Iâve marked two potential areas of resistance, S1 and S2. These areas are based on recent swing lows and round numbers. Do your own due diligence.
Happy trading!
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