1inchusdt
1INCHUSDT completed Cypher | Upto 56.5% move expectedHi friends hope you are well, and welcome to the new update on 1inch token.
On the daily chart, the price action of the 1inch has completed the final leg of bullish Cyhper and entered in the potential reversal zone.
Buying and sell ranges:
The buying zone starts from 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of potential reversal zone at 0.786 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 56.5%, and the loss possibility is 13.5%.
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.
1INCHUSDT - Potential retracement 🔽1INCHUSDT is testing the major ascending channel resistance as expected from my previous analysis.
RSI is printing a bearish divergence signal.
Potential retracement to the major ascending channel support / fibonacci retracement levels.
Sell entry ⬇️ - breakdown below the minor ascending channel support.
Target 🎯 - fibonacci retracement levels / major ascending channel support.
Setup invalidation ❌ - breakout above the major ascending channel resistance.
1INCH/USDT best buy area 1INCH / USDT
Ascending channel detected
Price can have correction at trendline resistance
Best buy area if correction happens is to buy at lower trendline of channel (green area)
With small stoploss = candel closing below
The other scenario is to pump and break trendline resistance from this point without correction but the risk for entery here will be higher
I recommend to wait correction
And potential target is up to 1.50$ - 1.60$
Good luck and happy trading 🌹
💡1INCH : BUY TradeHello Dear Traders,
1inch is brand new project and whenever new coin is listed on binance it dumps hard bt with this coin, we didn't seen much dumping.
this means strong buying pressure is there in this coin. on daily timeframe soon it found demand zone and now after decent accumulation its breaking up ward.
don't miss this rally place buy orders at given entry price or u can buy/long on last price.
1INCHUSDT - Potential buy entry 🔼1INCHUSDT is printing a falling wedge pattern.
RSI is printing a bullish divergence signal.
Buy entry ⬆️ - breakout above the falling wedge resistance + previous swing high.
Target 🎯 - resistance levels.
Setup invalidation ❌ - breakdown below the falling wedge support.
1INCH Cryptocurrency Price at Support1inch Cryptocurrency chart looks awesome price at 1 hour support zone also falling wedge breakout
we will wait for price to breakout falling wedge it can bounce from the support zone so we will wait for price to bounce from the support zone and grab the breakout of the falling wedge or the retest of the support after bounce