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.
1INCHUSD
1INCH/USD - Under key resistance, can we push ahead? 🟠1INCH is approaching quickly the key resistance level between $4.2 and $4.5.
The indicators are looking bullish and BTC will allow most of the market to recover if it maintains its price above 50k.
The volume on this last push is not looking too bad and we have a good chance to push up to $4.5. However that level may be tricky to pass on first try as it was tested as support many times before and now it will certainly be a tough resistance.
For now I remain bullish and that stays so unless we break below this ascending triangle in blue.
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1INCH/USD - In buy zone! Good entry opportunity!1INCH corrected over 50%... and now we find ourselves at a KEY level of support - the previous ATH and .61 fib level.
This is a very strong support for 1INCH and you can buy it at half price compared to early Feb when it was $6.
For this reason, I think long opportunities here (around $3) are a good bet. Falling under this support would mean both ETH and BTC will crash further, which I find unlikely.
Therefore, good idea to get your feet wet here. :)
By tomorrow we should have more clarity on price action and will indicate where we go next.
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1INCH/USD - Ranging before breakout? 1INCH bullish! 🚀1INCH has painted a very clear consolidation in this channel which I expect to break-up at some point.
The indicators are turning bullish on 4h and if this moves to daily, then I see us gather enough momentum to push beyond this resistance.
Volume is also looking healthy here, so this move has legs, question is will we be rejected at resistance and we need to try again or will we push higher this time?
We will soon find out. Either way, bias is bullish and remains so as long as we don't break under support.
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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 🥂
1INCH/BTC testing 3D support1INCH / BTC
Currently setting on and testing 3D support
If this Support hold for next few days ..we can expect a pump toward trendline resistance and hoping for Breakout there
If we lost this Support will move to second strong one
Take care while trading alts these days because BTC Dominance
Good luck
$1inch - let's make it 8inchPretty tasty set-up, broke the range and broke the descending trend line
Hopefully with this BTC breakout we get some strength here where we can aim to break the fib levels even up to the 2.0
Fundamentally very strong coin, even boasting their own exchange now and brilliant APY opportunities
Lets go...
1INCH another accumulation ?1INCH / USDT
What we can see in daily chart
another accumulation ? bull flag ?
yes very likely accumulation before next leg up
You can see alot of long wicks around 4.5$ area
This mean bulls are strong here
With a 6$ - 8$ short term targets
🚨 This idea will be invalidated if daily candle closed below 4.5$
This idea doesn't mean buy or sell only posting my view make sure you have your own plan before trading
Best wishes
1INCH/USDT : Targeting 8$ Now ! BINANCE:1INCHUSDT
Hello everyone 😃
1INCH is moving above Bullish trendline now and also it had a breakout from bearish trendline.
Now it's above trendline and there is a support line nearly...
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
1INCH Trend line Breakout 1inch cryptocurrency token has made breakout of the trend line.
After giving 1inch airdrop to users the price of this token is now almost higher price. can touch 10$ easily in mid term because of the finest algorithm used by the decentralized exchange
You can buy the token here at breakout at 5.2$
Stop loss : 4.4
Target : 6 , 7 , 9 , 11
1inch Completing BAT for upto 85.5% profit moveHi dear patrons, hope you are well and welcome to the new update on the 1inch token.
The previous idea of 1inch produced more than 500% rally.
Now on On the 4-hour chart, the price action of the 1inch with Bitcoin pair is completing the final leg of bullish BAT and soon it will be entered the potential reversal zone.
This trade has a profit possibility of 85.5% and the loss possibility is only 11%
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.