$1INCH against $USDT that I’ve been following for some time and trying to keep updated. broke out a few days ago. This time I’m watching the 4-hour chart for more reliable analysis and first thing that catches the eye is that price action isn’t followed by Kumo cloud. Tenkan is on top of the price (short resistance) and as of this moment a reversal might be plotted bouncing off the yellow Kijun. If this 26-period resistance is broken we have the Kumo cloud as next significant , but I’d wait for a break out at this point. Eyes on Tenkan crossing over Kijun because this might signal a deeper retracement but as I said, I’m waiting for a boucne off the Kijun average at 5,6 for an early EP as this also lies within the yellow area of value and POC (point of Control).
$1INCH into bullish flag or wedge setup
- by admin