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2021 Resistance Broken: 1INCH Eyes Major Bullish PotentialThe 1INCH/USDT monthly chart provides a compelling glimpse into the long-term price action and potential future trajectory of the cryptocurrency. The chart captures key market dynamics, highlighting a prolonged downtrend and a recent breakout that could signal the beginning of a new bullish cycle. The overall context suggests that 1INCH has experienced a significant long-term downtrend, marked by a descending white trendline originating from its peak price of 7.3345. This trendline underscores consistent selling pressure and a bearish market sentiment that persisted for an extended period. However, the broader picture also reflects the cyclical nature of markets, with an initial strong rally in early 2021, followed by a protracted consolidation phase, and now the possible emergence of a fresh upward trend. A pivotal development is the recent breakout above the downward-sloping trendline. Such a breakout often indicates a shift in market momentum from bearish to bullish, signaling that the downward pressure may be easing. This breakout is further underscored by annotations on the chart suggesting that the price is “ready for re-test.” This refers to the likelihood of the price pulling back towards the broken trendline to confirm it as a new level of support before continuing its upward trajectory. Retests are a natural and critical component of breakout scenarios, offering traders an opportunity to validate the strength of the breakout. The chart also highlights a projected target price of 7.9266, indicated by a green rectangle. This ambitious target represents a substantial increase from the current price of 0.4005, suggesting the potential for a significant rally if the bullish momentum holds. Additionally, key support levels are identified at 0.3286, 0.2600, and 0.2304, providing important reference points for risk management and trade planning. From a trading perspective, the breakout sets the stage for a bullish outlook, with the re-test offering a potential entry point. Traders might wait for the price to dip towards the broken trendline or one of the identified support levels and observe whether these levels hold as support. Confirmation of support can come in various forms, such as the formation of a higher low or a strong green candle signaling buyer strength. However, trading based on this analysis should include proper risk management. Setting a stop-loss near critical support levels can help mitigate potential losses if the breakout fails or market conditions reverse unexpectedly. Furthermore, traders should remain aware of the high volatility inherent in cryptocurrency markets and adjust their strategies accordingly. It’s also essential to acknowledge that this analysis is based on a monthly timeframe, which means the trends and price movements are likely to unfold over an extended period, spanning weeks or months. While the technical setup appears promising, it’s important to incorporate fundamental factors such as news, project developments, and broader market sentiment to gain a more comprehensive view. In conclusion, the 1INCH/USDT monthly chart reveals a promising bullish scenario with the potential for significant upside, provided the breakout holds and the market aligns with the technical projections. Observing the re-test and confirming the newly established support levels will be key steps in navigating this potential rally. Disclaimer: This is not a financial advise. This analysis is purely for informational purposes and should not be considered as investment advice. Trading involves risk, and you should consult with a financial professional before making any decisions.
Long
by SigmaSignals
1inch Network (1INCH)Comprehensive Analysis of 1INCH/USDT 🪙 Introduction 1INCH is the native token of the 1inch Network, a DEX aggregator designed to optimize trades in the DeFi space. This platform enables users to access the best rates across various decentralized exchanges. The 1INCH token serves multiple purposes, such as reducing transaction fees, offering discounts, and acting as a governance token. 🔍 Technical Analysis Breakdown 1. Long-Term Descending Channel 1INCH has broken out of its long-term descending channel and is currently retesting the channel boundary. This pullback is a positive sign for a potential bullish continuation, but further confirmation is needed. 2. Daily Support Zone (Red) The $0.3377 - $0.3757 range is identified as a key daily support level. If the price stabilizes within this zone and starts to rise, it could confirm the pullback and signal the beginning of an upward move toward higher resistance levels. 3. Weekly Resistance Zone (Green) The $0.6276 - $0.7049 range represents a significant resistance in the weekly timeframe. A breakout above this zone, accompanied by increased trading volume, could lead to a rally toward the blue target zone ($1.1819 - $1.450). 4. Support in Case of a Drop If the red support zone fails to hold: The price might re-enter the descending channel and move toward the weekly support zone ($0.2101 - $0.2338), marked in gray. 📌 Suggested Entry Points 1. Breakout-Based Entry: Condition: Price breaks above the green resistance zone with increased trading volume and stabilizes above this range. 2. Pullback-Based Entry: Red Zone ($0.3377 - $0.3757): Enter with a stop-loss below the red support zone. Gray Zone ($0.2101 - $0.2338): Enter with a stop-loss below the gray support zone. Note: The gray zone offers a higher risk-to-reward ratio but comes with greater risk. 📈 Entry Triggers and Confirmation Signals RSI Support: Price holding above the midline on higher timeframe RSI charts can confirm the start of an uptrend. Increased Trading Volume: Breakouts of key zones must be validated by significant volume increases. Low-volume breakouts could indicate false signals (fakeouts). ⚠️ Key Risk Management Tips Volume Monitoring: Ensure volume spikes during breakouts to avoid falling for fakeouts. Capital Management: Given the sensitivity of this analysis, strictly adhere to proper capital management strategies and set stop-loss orders at the identified levels. Patience and Confirmation: Avoid impulsive entries. Wait for clear confirmation signals before committing to a trade. ✨ Final Conclusion 1INCH is at a critical juncture from a technical perspective: The breakout from the descending channel and the pullback to the support zone indicate a positive setup for a bullish continuation. Close monitoring of price behavior in the key zones (red and green) is essential, with confirmations such as rising trading volume and RSI support being mandatory for entry. A successful breakout of the weekly resistance (green) could lead to targets in the blue zone ($1.1819 - $1.450). However, if the red support zone fails to hold, a decline toward the gray support zone becomes a strong possibility.
Long
by alizeynali69
Is #1INCH Ready For a Major Move or Not? Key Levels to Watch Yello, Paradisers! Is a decisive breakout brewing for #1INCH, or are we in for more sideways action? Let’s dive into the latest analysis of #1INCHNetwork: 💎After an extended period of consolidation, #1INCHUSDT is forming a clear Falling Wedge pattern, a structure often hinting at a potential bullish reversal. The price is currently trapped between Descending Resistance and Descending Support, coiling tighter with each move. The question is—will the bulls finally step up to break free? 💎To ignite a rally, #1INCHUSD must break above the $0.5049 resistance level, which has been a major obstacle. A decisive breakout here, backed by strong trading volume, could propel the price toward the next significant target in the $0.65-$0.70 resistance zone. Keep an eye out for momentum indicators like RSI and a volume spike to confirm this breakout. 💎On the flip side, the $0,38 support zone is critical where buyers have consistently stepped in. If the price closes below this level on the daily timeframe, the bulls will likely catch their next opportunity at the $0.312 strong demand level. 💎The true risk emerges if the $0.312 demand fails. A breakdown here would likely hand control back to the bears, leading to a deeper correction and squashing hopes for a short-term bullish recovery. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1INCHUSDT Analysis | (DEX) aggregator on 12 chains The price is undergoing a correction, and potential **support levels** include: 1. **200-day MA (~$0.4181)**: A strong dynamic support level. 2. **Lower Bollinger Band (~$0.3356)**: Positioned within the green demand zone, potentially signaling oversold conditions if reached. 3. **Green Zone ($0.3240–$0.4181)**: A historical demand area that has previously supported price rebounds. Trend Indicator: - **PSAR**: Flipped red, confirming short-term bearish momentum. Oscillator Analysis: - **RSI**: At ~50, showing neutral momentum but with a downward slope, reflecting fading bullish strength. - **MACD**: Already crossed bearish, with a negative histogram confirming building selling pressure. - **OBV**: Declining, indicating reduced accumulation and increasing selling activity. Outlook: The **200-day MA**, **lower Bollinger Band**, and **green zone** are critical support levels. If these levels hold, a potential rebound could stabilize the trend. However, if broken, the price may correct further. Monitor MACD and OBV for signs of persistent selling pressure and RSI for potential oversold conditions. Stay cautious!
by vagada
1INCHUSDT: A Breakthrough Moment in the Market - 1inch◳◱ On the BINANCE:1INCHUSDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.4803 | 0.5159 | 0.6119 and support near 0.3843 | 0.3239 | 0.2279. Entering trades at 0.5564 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: 1inch ▣ Rank: 162 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc ▣ Category / Sector: Financial - Decentralized Exchanges ▣ Overview: The 1inch Network unites three separate decentralized protocols, aggregating liquidity from a variety of decentralized exchanges to facilitate cost-efficient transactions. Its native token, the 1inch token (1INCH) serves two primary purposes: As a governance token granting voting rights towards the 1inch DAO and as a utility token, where it is used as a connector to achieve high-efficiency routing in the 1inch Liquidity Protocol. It will also be used in the tokenomics of all future protocols developed by the 1inch Network. ◰◲ Technical Metrics : ▣ Current Price: 0.5564 ₮ ▣ 24H Volume: 23,006,005.395 ₮ ▣ 24H Change: 4.429% ▣ Weekly Change: 24.47%% ▣ Monthly Change: 109.98%% ▣ Quarterly Change: 123.84%% ◲◰ Pivot Points : ▣ Resistance Level: 0.4803 | 0.5159 | 0.6119 ▣ Support Level: 0.3843 | 0.3239 | 0.2279 ◱◳ Indicator Recommendations : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Summary of Technical Indicators : BUY ◲◰ Sharpe Ratios : ▣ Last 30 Days: 9.64 ▣ Last 90 Days: 3.94 ▣ Last Year: 0.70 ▣ Last 3 Years: -0.25 ◲◰ Volatility Analysis : ▣ Last 30 Days: 0.91 ▣ Last 90 Days: 0.84 ▣ Last Year: 0.91 ▣ Last 3 Years: 0.85 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:1INCHUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
1INCH/USDTBINANCE:1INCHUSDT 1INCH is your favorite coin, and it’s currently showing potential to hit resistance levels at **$0.61114** and **$0.6854** 🚀. If the price doesn’t hold these resistance levels, it could face a pullback, with support zones at **$0.500** and **$0.4333** 🛑. Here's a more detailed breakdown: 1. **Resistance Levels:** - The **$0.61114** and **$0.6854** levels act as strong resistance zones, meaning the price may face difficulty moving above these levels. If 1INCH breaks through these levels, we could see further bullish momentum 🚀. - These levels will be important for anyone looking to trade or anticipate price action—watch closely to see if it can hold above them. 2. **Support Levels:** - If the price falls below the resistance and starts to decline, **$0.500** and **$0.4333** are key support zones where the price could find buying interest 🛑. These levels could act as a safety net, helping to prevent a larger drop. - If the price holds at these support levels, there’s a chance for a bounce and upward movement, potentially setting up for a move toward the resistance levels again. *Not financial advice* 💡📊
Long
by Wolftrader1337
1INCH/USDTBINANCE:1INCHUSDT 🚨 **1Inch Coin Price Update** 🚨 - **Current Price**: **$0.4720** 💲 - The price is currently at a **support area**, suggesting it could either bounce from here or face further downside if it fails to hold this level. This support zone is crucial in determining whether the price will recover or break down. - **If the price holds** at **$0.4720** and doesn’t drop below, the **next resistance levels** to watch for upward movement are: - **$0.4735**: A nearby resistance level where price might face some selling pressure. It’s important to monitor for any breakouts. 📈 - **$0.5600**: If the price breaks **$0.4735**, the next resistance level is at **$0.5600**, which could lead to further upward momentum. 🚀 - **$0.61112**: This is another key resistance level, and if the price manages to break through **$0.5600**, **$0.61112** could be the next significant target. - **If the price does not hold** at **$0.4720**, and falls below it, we need to keep an eye on the **support levels** for a potential reversal: - **$0.3794**: This is an important support level. If the price drops below **$0.4720**, it might find support here. - **$0.31543**: If the price continues to decline past **$0.3794**, **$0.31543** is the next critical support level to monitor. If broken, it could signal further downside movement. 🔔 **Important Note**: This is not financial advice. Always conduct your own research and consider your risk tolerance before making any trades! 📊
Long
by Wolftrader1337
Are Bulls Losing Steam, or Is a Major #1INCHUSDT Breakout?Yello Paradisers! Are we about to witness a massive bullish move on #1INCHUSDT, or will the bulls falter under pressure? Let’s dive into this analysis to find out! 💎#1INCHUSDT is currently holding its ground at the key demand level of $0.3750, showing early signs of bullish continuation. If this level remains intact, the potential for a strong rally toward the next resistance zone becomes increasingly likely. All eyes are on the $0.4105 level, where a decisive breakout could ignite a powerful upward move. 💎However, it’s important to remember that we’re not in full breakout mode just yet. For confirmation, we need a clear break above $0.4105, accompanied by strong engulfing candles signaling sustained buying momentum. Without these signals, any premature entries carry increased risk, so it’s crucial to stay cautious and avoid rushing into positions. 💎On the flip side, what if the bulls lose steam? If $0.3750 fails to hold, we’ll be watching for a potential bullish rebound from the lower support at $0.3507. But be warned, a break below $0.3482 would invalidate this bullish setup altogether, opening the door for a steep decline. As always, patience pays in trading. Don’t let FOMO guide your decisions. Wait for clear confirmations before taking action. Discipline and strategy are the keys to long-term success. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1
1INCHUSDT Set for Bullish ReversalBINANCE:1INCHUSDT Technical analysis update - LSE:INCH 's price is approaching the double bottom neckline resistance. -A breakout from a 300-day descending channel formation has been confirmed on the daily chart. -The price has crossed the 100 EMA on the daily chart. -The price is nearing the 200 EMA on the daily chart; once it crosses this level, we can confirm another bullish signal. -The price is rebounding from the August 2023 support level. These technical developments highlight a strong potential for a bullish reversal in 1INCH. If the price breaks above the 200 EMA and maintains upward momentum, it could lead to a significant rally. Traders should watch for increased volume and sustained price action to validate further upside potential.
Long
by HexaTrades
1
1INCHUSDT 4H - HEAVEN or HELL?1INCHUSDT 4H - HEAVEN or HELL? 1INCH is in a complicated area between LOWS and its bearish RESISTANCE that has marked the fall in prices. In these situations, only 2 things can happen: 1. HEAVEN: We break the resistance and begin to develop a bullish price structure. 2. HELL: We fail to break the resistance and look for new lows below the SL. LEVELS: SL: 0.22 TP1: 0.32 TP2: 0.37 TP3·: 0.44 All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downwards or upwards, for the orders to be executed in one direction or the other, taking the necessary deposits from your wallet. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the development process and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
by DeuXfi