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1inchusdt

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. Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my technical analysis videos on YouTube. :)
Long
by DU09
3
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. Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my TA video on ETH and BTC!
Long
by DU09
5
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!
Short
by MarsSignals
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. Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my TA videos on YouTube!
Long
by DU09
1
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 🥂
by Chibuike_Odoh