1INCH/USD - Potential 500+% SetupHello Traders!
1inch completes the correction phase moving in a local downtrend. The price reached the buyers' interest zone of $1.05 - $1.58
In the visible trades volume profile, we see that the main volume is traded above the level of $2.54, which means that buying below the $1.58 price level will be very advantageous for the medium and long-term deals.
It is possible to gain a position in the range of $1.05 - $1.42. It's better to keep 25% of allocated funds for the deal in case of a price decrease to the price level of $0.76 though.
The targets for fixing of such purchases will be price levels
$4,26
$5,88
$6,65
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
1inch
🆓1inch Network (1INCH) Apr-10 #1INCH $1INCH
The selling force of 1INCH has decreased quite a lot and the buying power is gradually appearing when 1INCH approaches the $ 1.6 zone. So we can start accumulating 1INCH from $1.5-1.6 and expect a strong rally to $2.2 and $2.6 this April. However, if it loses the $1.5 zone, it might retest the dip 1.2$
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 1.5$ zone
🔴Buy : 1.6 - 1.5
🔴Sell : 1.9 - 2.2 - 2.6
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 1.5$ zone
🔵Sell : 1.5
🔵Buy : 1.35 - 1.2
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
1Inch - huge bullish pattern completingI expect price reverse to the upside in 2-3 weeks from today.
Assuming a large flat pattern with the wave (c) in its final stage, next move up has the potential of x4 just to tag the ATH.
Wave (b) did not break the high, therefore I expect a reversal to take place as the wave (a) on the chat will be broken.
Good luck and follow this post as I will update the structure and my entry here.
Good luck!
1Inch - buy ideaSince the last post the pair made an impressive move up.
On my working time frame I would like to show a potential nice entry:
- retest of the flat channel
- test of the lower boundary of the future base channel - price has tested/ pulled back by 38%, that should be the median of a base channel, and the next leg down may likely test the 62%.
Trade safe
The 1INCH rebounded from the resistance at $ 2.09.Hello everyone, let's take a look at the 1D 1INCH to USDT chart. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 1.89, if the support breaks down, the next one is $ 1.75 and $ 1.65.
Now let's move from the resistance line, as you can see, the first resistance is $ 2.09, on which the price has already rebounded, if you manage to break it, the next resistance will be $ 2.30, the next one is $ 2.60 and the next one will be around $ 2.99.
Looking at the CHOP indicator, we can see that most of the energy in the 1D interval has been used up.