1INCHUSDT

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This is an update from my previous TA, see link below.

Looks like 1INCH is consolidating and building up for a run. If it holds the support we might see it follow the 20MA in an uptrend and you can consider a long position. If it breaks below, it may test the support area and breakdown even further.

Trade safely.
Nota
It is currently nearing the support area. If it hits similar price levels from the previous candles (~1.03) in the support area we need to see if it bounces back up again. Further breakdown could lead to lower prices and this chart is invalidated.
Nota
Support area has broken, chart is invalidated.
Trend Analysis

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