Well I had drawn this ascending channel days ago and I totally forgot to post it. If BTC stops at 40K then 1INCH support zone at 2.44-2.40 will hold, if BTC goes to 37.5 1INCH will probably reach 2.18.
However VLPR on BTC shows a lot of transactions at 40K so I suppose that zone will hold and so 1INCH at first support I gave you.
However VLPR on BTC shows a lot of transactions at 40K so I suppose that zone will hold and so 1INCH at first support I gave you.
Note
BTC held and so 1INCH as I imagined.Note
Strong bounce on that support zone, the volume was pretty high and there's currently a bullish DIV. This should go up, maybe it will retest the support's upper level though.
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I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.