1INCH Macro Falling Wedge — 5 Years of Compression 1INCH/USD | 9D Chart | Macro Technical Setup
1INCH has spent nearly its entire post-2021 history trapped inside a massive descending structure that I identify as a falling wedge.
After trading above $6 during the previous cycle, 1INCH has experienced an extreme multi-year drawdown. But the importa
1INCH Token / WBTC
No trades
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Compare with 1INCH Token / Wrapped BTC on Ethereum (0x62559DEABAe3611186a78C5629C34ef5e4F50313) in USD
Trading activity
Transactions 51
BuysSells
3516
Volume 29.15 KUSD
Buys volumeSells volume
23.22 K5.93 K
Traders 25
BuyersSellers
1510
Crypto info
1INCH - ready for move up1INCH dipped to new low, is now oversold, has bullish divergence and it formed megaphone pattern. Pattern is similar to AIOZ bottoming pattern which resulted in strong reversal. I expect similar move from 1INCH which would mean bounce up, breakout from megaphone pattern and push for November 2021 p
1INCH could go up to the 2022 highs (+210%)1INCH is trying to break the descending triangle pattern the target is between $1,37 to $1,77 up to 210% it is in confluency with fibonacci levels, the oscillator turning into bullish momentum and if it can close a weekly candle above $0,55 region will lead the price towards 2022 highs.
Reversal in 1INCHUSD1Inch was in the downtrend, making lower highs (LH) and lower lows (LL). When Higher High (HH) appeared, the downtrend structure was broken, and confirmed with the first Higher Low (HL). Now it should at least retest HH(Target 2) and the prior swing can be used as a partial take profit (Target 1).
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
Oscillators
Neutral
Summary
Neutral
Summary
Neutral
Summary
Neutral
Moving Averages
Neutral
Moving Averages
Neutral









