$1INCH against $USDT that I've been following for some time and trying to keep updated. Cup and handle 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 doji might be plotted bouncing off the yellow Kijun. If this 26-period resistance is broken we have the Kumo cloud as next significant resistance level, 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).
Trade aktif:
My upper trendline alert just went off a few minutes ago as price action is struggling to find it's way out of this box of value. Might retest it's upper boundary before heading for the wedge's upper trendline.
Trade aktif:
Can't update the chart in this same post but if you visually extend the box of valur you will easily see the price action is having a hard time beating its resistance. Interesting is also watching how price action is walking the Kumo cloud's Span A as resistance
