1inch
What the good price to buy 1inch?I used Fibonacci Retracement to find a good buy if the triangle broke up. Hope we will have reaction on price.
Good buy is the backrest of 0.5 zone with the daily support 4.4858$
Target is the last peaks 5.8227$
If you like adventure so you can buy now and set SL when candles closed below 3.618$ (This is the strong daily support)
Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed.
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1INCHUSDT Is Going up in the Bullish Channel
Welcome back Traders, Investors, and Community!
1INCHUSDT at H4 has is in the Ascending channel. The price action on Daily TF shows that the pair has the potential to go higher for coming days.
⬆️Buy at now or Buy at 3
⭕️SL @ 2.88
✅TP1 @ 3.5
✅TP2 @ 4
✅TP3 @ 5
✅TP4 @ 6
✅TP5 @ 8
✅TP6 @ 10
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1INCH/BTC { 1INCH } - BULLISH SETUPANALYSIS 🔎
- 1INCH/BTC is bounded in the falling wedge pattern.
- Price is testing the falling wedge's support.
- The downtrend swing is resisted by the descending trendline resistance.
- Breakout above the descending trendline resistance could lead test of the falling wedge's resistance.
- Further breakout above falling wedge's resistance could lead to test of the horizontal resistance levels.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the descending trendline resistance.
- Limit entry: test of the falling wedge's support.
TARGETS 🎯
- Short term targets (black arrow pointer): falling wedge's resistance.
- Long term targets (blue arrow pointers): Horizontal resistance levels (@0.0001334, @0.000167).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
1INCHUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, the price has been able to break the resistance. If fixed above the line, it can touch the above targets. We have drawn two support lines for you dear ones that can be supported in case the price falls.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
1INCH Long Idea1INCH has broken the resistance line of an ascending channel which has been retested and now it is acting as a support. On HT RSI and MACD are showing bullish momentum. We bounced off of the daily Supply zone but I will risk here by opening Long position anticipating the volume and the bullish momentum to push the price higher and Supply zone to be broken and retested.
NFA
ALCX vs 1INCHI hodl both and wanted to understand if one was moving faster than the other. Using ratios, I can see ALCX is outpacing 1INCH in price increases.
Market cap of ALCX is much lower 250 million vs 1billion roughly at time of writing, ALCX supply is lower as well 564,595 total circulating ALCX VS 380,884,858 1inch so no wonder it's moving faster.
This also means it could crash faster if the market runs into any turmoil in the coming weeks. Feels like we are OK but you never know.
Will wait for a minor correction and then probably move my 1INCH into ALCX as they have 80% APY staking currently.
What would you do?
Not trading advice, just documenting my thoughts to learn from in future.