Weekly timeframe
1INCH is looking good on weekly timeframe, we broke the previously bearish structure and now we’re consolidating at the current support. If the support fails, we could expect a retrace to the next support at 0.25$.
Daily timeframe
On the daily, we are still in a bearish scenario, we had a liquidity grab followed by a break of structure which pushed the price to fix the imbalance created on the downside.
For me, this break of structure is valid, as it pushed and closed above 1.23 on fib level, therefore I expect a bullish movement in the nearby future. This can also be seen as the price consolidating at the support, confluence with the 0.786-0.886 fib levels on the initial impulse.
