1inchlong
1INCH - 140+ day accumulation rally to breakout soon? - update1INCH is showing some strength while many other alts show weakness. I've been backing it for a while now and it is currently clearing some key zones I had marked out and working its way toward the macro neckline of an inverted head and shoulders. This will be strong resistance, but may see some impulsive moves if it breaks. Note it is 100% gain to previous high, and this kind of move is not out of the question if the market jumps in.
Still a few hours on current 4H to confirm current level but on Daily 10, 20, 50 MAs are stacked bullishly and acting as support. the MACD has made bullish cross of 0 and trending up. OBV has been strongly bullish throughout accumulation. RSI is finding new highs showing bullish momentum (entering overbought but I use a fast moving RSI and it still has some head room)
I have been accumulating 1inch backing this prospect since sub 2.5, but buying after breakout confirmation of neckline (marked in red) on 4H and would be the best option now. Unless we see another dip down and we find buy opportunities at support. I have the neckline marked at 3.8 but we would want an engulfing candle closing above 4
If we close a strong green on this 4H here 3.6-3.5 should act as some support, but 3.2-2.8 has been the local demand area (Trading below that range on the daily will signal this is not the trade, and we can look elsewhere)
1 inch1 inch had a clean break out & retest of the massive multi month triangle correction since the May highs. I wouldn't bet anything on the 5th wave as it can be truncated. But i would imagine that the 5th could look like this and also after 5th is in we will ABC down and likely that will be a larger W2 complete & 1 inch will push back to ATH in W3. A retest of the 618 could be due b4 w5. 618 fib level $3.47
1INCH - Bull flag continuation, buy the breakIf you missed the jump off with 1INCH this is another entry point or a chance to build position.
1INCH is in the process of forming a beautiful bull flag formation. local demand are is between 3.8-4 which is neckline of Macro Head and shoulders confirmed breakout, so now acting as strong support. Watch for 1INCH to break the upper trend and continue its bullish move, depending on relationship with risk, can wait for a strong close above last swing high pivot. Confirmation will be seen on RSI trend break and MACD bullish move
Invalidation will be trading below 3.8 on the 4H
1INCH - 140+ day accumulation rally to break soon? - updateTaking another look at 1INCH after my recent post about the inv' head and shoulder pattern developing within a strong ranging 140+ day accumulation area, with very positive prospects of explosive upside if the 3.82 neckline is broken. Recently 1INCH broke the global trend with a strong bullish candle before seeing a strong sell off back down to the 3.0 range. The daily candle closed above the trend on the retest and we are now seeing positive growth again. Looking for a break above the near-term resistance of 3.36 marked in orange before a move up toward the neckline.
OBV has been trending constantly up on both the daily and the weekly confirming the accumulation and building volume pressure despite the ranging price. MACD is healthy and bullish trend is trading above 0. 10, 20 and 50 MA on the daily are stacking up neatly with the 20 soon to cross the 50 and hopefully signal a bullish continuation. Worth keeping on your watch list. Optimistically, potential mid-term 100% profit target if neckline breaks. Near-term targets marked on chart
I have been accumulating a position on 1INCH from the 2.5 range and will continue to add to this with each pull back to the 2.8-3 range. If we trade below the 2.5 I will halve my position and look elsewhere until 1INCH either bottoms again around the 1.6 or shows new signs of strength
If it wasn't for its logo I would probably be more committed to this token!
1INCH - 140+ day accumulation ending soon?Put 1INCH on your watch list if you haven't already. 142d accumulation beneath key level. Defi token forming an inverted head and shoulders, OBV on the daily is clearly bullish and already trending above key level, signalling a strong accumulation. MACD is healthy. RSI recently broke local trend - will be looking for it to reset above the 50 to confirm bullish sentiment.
Watch for the breakout
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💡Don't miss the great buy opportunity in 1INCHUSD @1inchNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3.542).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. 1INCHUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 4.025
TP2= @ 4.438
TP3= @ 5.157
TP4= @ 6.524
TP5= @ 7.876
SL= Break below S2
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💡Don't miss the great buy opportunity in 1INCHUSD @1inchNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3.542).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. 1INCHUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 4.025
TP2= @ 4.438
TP3= @ 5.157
TP4= @ 6.524
TP5= @ 7.876
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 / Crypto 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 ❤️
1inchusdt or oneinchusd in daily scalenow in a face with very important resistance and if it can break successfully higher level of price is easy to reach and if not the support levels is the main host for price next movement..... all the possible trend draw
I'm more happy to see the long trend as we draw time analysis which can possibly be happened in next 7 days.
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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