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1inchusdt

$1inch - what a beautiful trade Closed a good amount of this trade manually just now, left a small amount running if there is a continued push Just incase BTC has a dump it is nice to take profits, and taking them at almost your top TP is even better. Plus can sleep with less of a worry! Anticipating some stronger resistance at 2.6 being the ATH 4HR candle zone - indicated by the small blue channel at the top of the chart Will think about re-entering on a dip if there is one, if not we will be waiting for the retest of the 2.6-2.7 region and looking for entries there See you in the morning chaps...
by InvestmentsHub
2
1INCH/USD - Ascending triangle towards $4!Can 1INCH double soon in price? Hell yeah! 1INCH is a decentralized exchange (DEX) aggregator where people can quickly swap ERC-20 tokens from Uniswap/SushiSwap and other platforms at the best possible price! 1inch.exchange We are now at the top resistance of this ascending triangle which may push us lower before we can break-out. Nevertheless, I expect us to break-out soon and move quickly to $3 and then $4. Target points are on the chart. The indicators are also looking good with a bullish MACD cross telling us momentum is in favor for a bullish move. We have to see how long this resistance line keeps us in the triangle, but the set-up is very clear to me. Aim to buy a break-out and watch volume as we go up. If all things click, enter at breakout or when we re-test resistance. 1INCH token was recently released on Christmas 2020 and is one of the HOT DEFI coins to flirt with. :) Like and follow if you liked this idea!
Long
by DU09
2
1inch DEX full market overview (x10 possible?)Dear investors, I've been following this project closely the last few months and find it very interesting that I want to share my thoughts on this opportunity. In this chart we have a look at the fundamentals and technical indicators of the 1inch token. Fundamental analyses What is 1inch project 1inch is a liquidity aggregator, which connects several DEXes onto one platform. It then helps users get the best price for an optimized trade. 1inch recently also launched its own automated market maker (AMM) protocol, Mooniswap. AMM is a type of DEX protocol that relies on algorithms to price assets, unlike on order books on centralized exchanges. DeFi protocol 1inch closes $12M funding round led by Pantera Capita It got a 12M funding round back in november, it's current marketcap sits around $120M and as you can see this is already x10 from the funding round. the current circulating supply is 75 million tokens, with a total supply of 1.5B, so that means that there are still a lot of tokens to be launched, could this be a red flag for long term investors? there is only 6% of the total supply in circulation, and they plan to launch 30% trough community incentives over the next 4 years. this could have a huge influence for the price. Who Are the Founders of 1inch? 1inch was founded by Sergej Kunz and Anton Bukov over the course of the ETHNewYork hackathon in 2019. The two had earlier met during a live stream of Kunz’s YouTube channel (CryptoManiacs), and began entering hackathons together, winning a prize at a hackathon in Singapore as well as two major awards from Ethereum Global. What Makes 1inch Unique? 1inch is unique in that it provides instant governance for its users. This feature allows 1inch users to vote for specific protocol settings in the decentralized autonomous organization (DAO) model Technical analyses Will it test the All time high? Given the current market situation, where there flows a lot of money from bitcoin to altcoins, I'm pretty certain we will also see a rise in the price of 1inch. it has broken out of the $1.60 level as you can see on the chart and will now continue to test $2 - $3 levels. Recently it broke it support/trend line and wen't a little back to the $1.45 -$1.55 levels as bitcoin dropped to $28k. Scenario 1 (it stays under $1.60) If it stays under the $1.60 this could be a good opportunity to accumulate the 1inch token, as it will retest the green zone shown in the chart. this would be the best scenario for people who still want to enter a long on this token. but as we can see in the past, it doesn't stay long at the $1 level and goes back fast to $1.50 - $1.60 to test these levels. Scenario 2 (it stays above $1.60) If it stays above the $1.60 level it could hover a bit around the $1.80 - $2.00 range as we have seen before, if it breaks these levels the way is free to $2.35 and then $3. after that its unknown terrain and who knows what could happen. if we look at the current market cap there is a lot of space to grow and could do a x10 for sure. It would then be valued at $17. but we still have a long way to go for this coin. let's see what the future gives us. If you read this, thanks for reading and I'll loving discussing about it in the comments. Peace out!
by TheTradingTraveller