1inch
1INCHUSDT (1INCH) - BULLISH SETUP ANALYSIS 🔎
- 1INCHUSDT hit an ATH and retraced.
- Price retested the flip horizontal support (FHS) and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There was a relatively high concentration of buyers at this zone.
- Price action is printing a pennant (P) pattern.
- A pennant pattern is a trend continuation pattern.
- A bullish continuation pattern in this case.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the pennant pattern's inclined resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakout below the pennant pattern's inclined support.
🔥 1INCH Break Out On The Horizon1INCH has been lagging behind a lot of other cryptos, making the potential for a strong bullish move in the near future a lot greater. Since the dump of end March, 1INCH has been crawling up and is currently on the verge of breaking out of the triangle drawn on the chart. Seeing Bitcoin's price action, I'm confident we're gonna see more bullish price action throughout the crypto market.
In case bullish pressure remains, the current all-time-high would be a proper long term target.
Happy trading!
1inch - medium term long1inch has found support at a daily level and created a nice higher low indicating that buyers are in control. I did not get in on the low so i'm waiting for a break and retest of the next resistance level.
Alternatively, we could see a rejection at the resistance level with another retracement. This could serve as a decent entry point if it jives with the trendline, a daily level, and candles show buyer support.
1INCH – Potential 42% gainsBUY: 4.460 – 4.775
TARGETS:
1) 6.38
2) Trail stop and let it run
STOP: When a 4h candle closes below 3.88
Rationale:
-Price has been trading below a key resistance zone and just broken above
-after breaking resistance it tapped the trendline support and fell back to the earlier resistance zone.
-Price re-tested this area and bounced off, confirming it is now acting as support
-Price is holding well above EMAs which is bullish
-Price should now test the trendline resistance again, and once it break it, price will move to the previous high.
Your risk, your reward. This is not financial advice.
Happy trading.
Buy opportunity incoming - $3.5!1INCH is correcting similarly to BTC /ETH (see below my ideas) and I'd not be surprise to see it soon re-test the $3.5 level which is a prime buy opportunity for some nice gains if you plan to go long on this coin.
As such, I'd be interested to set some limit buy orders in the yellow area as that has been re-tested as support quite a few times and likely will hold again. A breakout from that level will bring some juicy profits.
I don't see 1INCH falling under $3.5. For that to happen, BTC and ETH need to crash quite significantly. In any event, that level once or if reached should present a great risk/reward entry.
On the short time frame, we are correcting here and should reach support eventually, then best to consider a long if market is favorable.
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1INCH/USDT - 1D - Analysis published on 03/28/2021Hey guys, it’s Cosmo 👩🚀 Bitcoin seems to have topped @ 56,700 USD recently and is moving downwards already!
So let’s better be prepared … I took some profits on my long BTC position and I’m looking for some more SHORTS to hedge the remaining portfolio of LONGS against a possibly continuing dip of the general market.
Let's get started 😃 … I possibly found an opportunity with 1INCH Token against USD:
Summary of the Analysis: 1INCH/USDT (1 day time frame)
Trends: Short Term - Bearish & Long Term - Bearish
Crypto Screener™ – 1 day frame – (by TradingView) Rating: SELL
Technical Indicators – 1 day frame – (by TradingView & intotheblock): SELL
- Summary: 9 Bearish; 9 Neutral & 4 Bullish --> SELL
- Oscillators: 1 Bearish; 8 Neutral & 2 Bullish --> SELL
- Moving Averages: 8 Bearish; 1 Neutral & 2 Bullish --> STRONG SELL
Fundamentals: SELL
- Circulating/ Total Supply = 60%; Max Supply unconfirmed --> SELL
- 648 out of 1,000 Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto) --> SELL
- No SIMETRY™ Rating (by Crypto Briefing)
- B Rating with stable outlook by TokenInsight
- 49.2% out of 100% Asset Score™ by TokenInsight --> SELL
- No Dynamic Performance Score™ by TokenInsight
AI (Artificial Intelligence) by CENTRALCHARTS: SELL
Multi Timeframe Analysis:
- 1h (1 hour frame): neutral
- 4h (4 hours frame): neutral
- 1D (1 day frame): positive
- 7d (last 7 days): negative
My Opinion: SELL - Bearish under USD 4.476 (Stop Loss Level +12.9% from current price level = 1st light green line above current price);
My targets: USD 3.408 (-14.1%), USD 3.000 (-24.4%) & USD 2.190 (-44.8% from current price level)
1INCH/USDT follows a strong bearish trend since All Time High on 02/05/2021. Traders may consider only short (sell) positions if the price stays well below USD 4.476. Next support levels are indicated as light red lines in the chart. A bearish breakout below a support line would increase bearish momentum.
Since the beginning of March we are trading below yellow indicator line – BTCUSDT – which means 1INCH is currently underperforming compared to BTC!
Signal Force (0-10): 6 = strong force
To sum up my opinion: I’m convinced that the 1INCH Token is substantially overpriced with the recent PUMP ACTION and will retrace back to it’s lows from before the parabolic move (around USD 3.000 or lower).
We broke monthly VWAP (volume weighted average price) downwards 5 days ago (on 03/23/2021) which is a strong SELL signal.
Please note that as a Hedge Fund Manager I would NEVER go outright short = only sell short ... I always have potentially overperforming coins or tokens long against the shorts!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.
Please also have a look at my other current analysis to get a full picture of the Crypto market.
Happy trading … please like, follow and comment!
Published on 03/28/2021, 09:30 PM (UTC+1)