Descrizione
⋅ Evening Traders,
Today’s analysis – 1INCHUSDT- trading in a Price Action range where a break will be imminent,
Points to consider,
- Price Action Rotation
- Range Low Support
- Range High Resistance
- Extension Targets
- RSI Neutral
1INCHUSDT’s immediate price action is in the midst of rotation between key boundaries, a break above range higher will allow for a bullish bias.
The range low is current support, testing this region must hold, allowing for a long entry.
The current objectives are the Fibonacci extension target, these levels are short to mid-term targets.
Current RSI is neutral, reaming in their bullish control zone is indicative of strength.
Overall, in my opinion, 1INCHUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee