1INCHBTC (1INCH) - POTENTIAL BREAKOUT ANALYSIS 🔎
- 1INCHUSDT is printing a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance and previous swing high horizontal resistance level (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Horizontal resistance level (R4).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
1inch
1INCHUSDT Ride The WaveGenerally BTC movement is dealing quite a blow, 1INCH impacted too
BTC can alter this Pattern , watch it!
But great harmonic movement with 15 Minutes chart .
The arrows ↪️ are my trades Ideas.
Green Arrow show completed trade previously
Uptrend clearly there
1INCH moving nicely within the box.
We touch down and Go UP .
If Bulls fails to step in, we break and Go DOWN
Watch my EMAs there, they are key!
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💡Don't miss this buy opportunity in 1INCHBTC @1inchExchangeTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.000072).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. 1INCHBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
Take Profits:
TP1= @ 0.000088
TP2= @ 0.000102
TP3= @ 0.000120
TP4= @ 0.000140
TP5= @ 0.000167
SL= Break below S2
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ForecastCity English Support Team ❤️
💡Don't miss this buy opportunity in 1INCHBTC @1inchExchangeTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.000072).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. 1INCHBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
Take Profits:
TP1= @ 0.000088
TP2= @ 0.000102
TP3= @ 0.000120
TP4= @ 0.000140
TP5= @ 0.000167
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
1INCH Exchange (1INCH) Still In Accumulation!If you like Uniswap and Sushiswap you'll probably be a fan of 1INCH Exchange another fundamentally strong Decentralized Exchange (DEX). Decentralized Exchanges have been exploding in volume and and user growth this bull cycle and it will only continue go grow as the market expands and the demand for DeFi increases.
As of right now 1INCH has been in accumulation for a solid month forming a nice sturdy support floor of $4.30 and we have an all time high resistance of around $6.28 I suspect 1INCH to continue to run and set new all time highs once this accumulation period ends its course.
This is a sound DeFi project with innovative technology and fast growing user base. 1INCH received major funding from Binance Labs and Pantera Capital in 2020 as well as others. There's a very strong community support as well as institutional support for this DEX.
Projects that have strong fundamentals and adoption do well in these cycles. I believe 1INCH will perform well throughout the year and as always I like to keep a nice bag for the long term. It is still in accumulation. Cheers! Much peace and Love!
1INCHUSDTHello to you all. Mars Signals team wishes you high profits at all times.
According to the sharp fall of the Bitcoin during the past day, other currencies are also subject to falling. 1inch has also been no exempt from these fillings.
The supports ahead of it are drawn on the chart. We will still predict further falling until Bitcoin calms down.
The market is very risky so we ask you to manage your open signals.
There is a famous quote that goes “The market never ends but your property does”.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 1INCH Falling From Channel1INCH has been trading inside a channel for almost a month now. With yesterday's sell-off, it finally broke the channel on the bearish side.
On the chart I’ve marked two potential areas of support, S1 and S2. These areas are based on recent swing lows . Do your own due diligence.
Happy trading!
1INCHUSDT Clear Path UP 🆙I been waiting for this decision by 1INCH
Took rather sometime to make up its mind.
Finally the Buyers convinced us they are ready to go up ☝️
Breakout flag 🏁 seen
After completing a kind of symmetrical work of art. 4H view
I will take entry at $4.4 - $4.698 range
Weekend is here . Cause for Concern
But 1INCH has given direction.
After initial resistance
Final TP : $5 - $6 resistance lid.
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1INCHUSDT (1INCH) - PRICE ACTION ANALYSIS ANALYSIS 🔎
- This analysis is a price action prediction on 1INCHUSDT.
- This analysis comprises of two setups.
FIRST SETUP (RETRACEMENT)
- The retracement
- 1INCHUSDT hit an ATH and is on verge of a short term retracement.
- The market is consolidating in a rectangular pattern.
- This rectangular consolidation pattern is known as the distribution phase (wyckoff method).
- According to Wyckoff method, the distribution phase is a pre downtrend phase (bearish build up phase).
- Price action is printing the double top pattern.
- A double top pattern is a bearish reversal pattern.
- RSI is printing a bearish divergence signal.
- Breakdown below the double top neckline support and the distribution phase horizontal support level could lead to a retracement to the ascending trendline support, flip horizontal support and fibonacci retracement levels confluence.
- Sell entry ⬇️ : breakdown below the distribution phase horizontal support level.
- Targets 🎯 : fibonacci retracement levels, ascending trendline support, flip horizontal support.
- Setup invalidation : breakout above the distribution phase horizontal resistance level.
SECOND SETUP (UPTREND CONTINUATION)
- The uptrend continuation.
- This setup remains valid if the first setups plays out as expected (the retracement happens).
- At the test of the fibonacci retracement levels, ascending trendline support confluence and flip horizontal support level, the market will experience a relatively high buying force (concentration of buyers).
- This buying force could lead to the uptrend continuation.
- Buy entry ⬆️ : fibonacci retracement levels, flip horizontal support, ascending trendline support.
- Targets 🎯 : horizontal resistance level (R1), ATH resistance, Fibonacci extension levels.
- Setup invalidation ❌ : breakdown below the ascending trendline support.
Enjoy 🥂