1INCH/USDT Potential 89% Setup Hello Traders!
1Inch entered a new business cycle.
A rally above the $7.50 level triggered a deep correction to the strong $3.50 support level.
At the moment the price is consolidating in the range of $3.50 - $4.26
Purchases can be considered from the current price levels of $3.90 - $4.00
It is better to place a stop below the support level of $3.50 around $3.16
The targets will be the following price levels
$5,22
$5,88
$6,65
$7,50
An excellent mid-term deal with one of the flagship dex projects.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
1inchusdt
1INCH - Getting ready to buy in again1INCH is back down to a key area of interest. Two bullish scenarios I seeing playing out now.
1. It holds above 3.8 key support for next daily close and squeezes trend for a fresh break out. In which case I will reload on the breakout and retest
2. We see the market pull back again and 1INCH revisits the low 3s, unless we see an explosive market move more broadly in this scenario 1INCH will be stuck below the 3.8 level and will have to battle back up through this zone again before making serious moves
as long as it trades above 2.5-3 support zone I will remain bullish, and will be buying dips in this zone
3 is a big value area, some strong supports identifiable and an trend line support from low coming back into play.
RSI on the daily has already confirmed breakout, MACD EMAs are converging and looking to reverse on MACD trend. All signs look positive but mischief from Market Makers with BTC could drive us back to the low 3s quiet easily
Welcome back 1INCH!
(Apologies for the messy chart)
1inchUsdt
Hello friends.
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Everything on the chart.
risk is justified
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1INCH - is going to break this trend line 🧨❓A trend line has formed on the 1INCH chart. The price is getting closer and closer to it. In case of a breakdown, there could be a good buying opportunity. The liquidity area noted above is the target.
Also worth noting is an important level - $3.49 price may fall and gather liquidity below this level. And then go to the targets marked above.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
1INCH from 11/12/21After a small correction wave (BTC) with China's Evergrande FUD, the price dropped lower than I thought. So, the expected pattern was broken and it did seem to the first point of ABC wave.
I predict the price will move slowly to B, and forward to complete the correction Elliot's wave ( NFA )...
Is 1inch going to pump again 😱❓1INCH, after a strong, fast 100 percent pump, corrected itself just as quickly by 40 percent. We can now see that the price has been in an accumulation for a long time and is starting to squeeze near the trend line. These are the signals of a breakout and price increase. A good buying opportunity will be after a breakout or retest of the trend line.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.