1INCH / TetherUS
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1INCH possible entry

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Rather neutral market structure on the weekly timeframe so let's take a look at the daily. Here we can also see no real longterm trend. What we can see is a downtrend happening since the beginning of November.

I have defined two key resistance areas where the first one is also a key psychological area at $3. As you can see by my many arrows there are more than enough S/R contact points on both levels (my sincere apologies for the arrow overload).

In terms of candlestick we have a three white soldiers pattern with strong bodies forming.

If we can break the trendline, I'll be looking to enter with a conservative target around $3 and a more aggressive target at $4.

How are you feeling about this?

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