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PI/USDT Intraday Short BIAS TheoryBased on intraday chart, it appears to be a short-term trading strategy for PIUSDT on a 1-hour time frame. Here are some potential implications and considerations: Bearish Divergenc e: a "bearish diversion forming," which could indicate a potential reversal of the current trend. However, without further confirmation, it's difficult to determine the direction of the reversal. Stop Loss and Take Profit Range s: The provided stop loss and take profit ranges are quite broad, which may increase the risk of significant losses or gains. Consider narrowing these ranges to more specific levels, such as: Stop Loss: 2.2 - 2.6 TP1: Short-term bounce at 1.5709 - 1.5712 TP2: Bounce at 1.5712 - 1.5 715 Time Frame: The 1-hour time frame is relatively short-term, which may make it more challenging to identify reliable trading signals. Consider expanding the time frame to 4-hour or daily charts to gain a better understanding of the trend. RSI and Volatility: The text mentions an RSI value of 54.03, which is above the neutral zone (30-70). This could indicate overbought conditions, increasing the risk of a potential reversal. Additionally, the volatility indicators (Vol · PI) suggest a relatively high level of market activity. Potential Trading Strategy Considering the above points, a potential trading strategy could be: Wait for Confirmation : Wait for further confirmation of the bearish diversion, such as a clear break below the 1.5704 - 1.5708 range. Enter Short Position : Enter a short position at perpetual resistance of 2.1 - 2.0 range at the confirmation point, with a stop loss at 2.2 - 2.6. TP1: Set the first take profit target at 1.5709 - 1.5712, with a 1:2 or 1:3 risk-reward ratio.
Short
by Crypto225
ADA Price Action – Bearish Breakdown or Reversal?Key Insights: #ADA has been in a strong downtrend after breaking a key support level and is now forming a harmonic pattern on the 1-hour timeframe. This could signal an upcoming move—but will it be a continuation or a reversal? Let's analyze! Current Market Structure: 🔹 Downtrend intact after breaking key support 🔹 Harmonic pattern forming—potential reversal zone 🔹 Key level to watch: If #ADA breaks and closes below the current support, it could trigger a strong bearish move Trading Plan: 🔹 Bearish Confirmation: If #ADA closes a candle below support, we will look for a short entry with proper risk management 🔹 Bullish Scenario: A fakeout and reclaim above support could lead to a strong bounce—watch for reversal signs! Your Thoughts? What’s your bias? Are you taking this short setup, or do you see a reversal coming? Drop your thoughts in the comments! Let’s discuss! If you found this analysis helpful, don’t forget to LIKE 👍, COMMENT 💬, and FOLLOW for more insights!
Short
by mudusir
9
XRP at Critical Level – Major Move Incoming! Bullish OR BearishCurrent Market Structure: #XRP is in a downtrend and has recently broken a key support level, signaling potential further downside. However, a Bullish Harmonic Pattern is forming on the 4H timeframe, which could indicate a possible trend reversal. Key Technical to Watch: 🔹 Bearish Scenario: If #XRP continues to reject resistance and fails to reclaim lost support, the bearish trend may continue toward the next key levels. 🔹 Bullish Scenario: A bullish divergence on the 1H or 4H timeframe could trigger an upward move, forming new higher highs (HHs) and higher lows (HLs). Trade Setup: 🔹 Short Position: If price stays below resistance & rejection continues. 🔹 Long Position: If bullish divergence confirms & price reclaims lost levels. Big Move Expected – Watch Closely! What’s Your Bias? Bullish or Bearish? Comment Below! #XRP #Crypto #Trading #HarmonicPattern #TechnicalAnalysis #CryptoTrading
Short
by mudusir
SOL Bullish Continuation (Another Top OR New Prominent High?)SOL price seems to exhibit signs of overall bullish continuation as the price action may form another credible Higher Low on key Fibonacci and Support levels. There might be a possibility that SOL may break it's All Time High Price of 296. It might be worth observing price the action further if 296 breaks. A potential break may be indicative of another top OR a new high. Trade Plan : Entry @ 215.71 Stop Loss @ 160 TP 1 @ 271.42 (Before All Time High) TP 2 @ 327.13 OR Ride Further with Caution (After All Time High) Move Stop Loss to Break Even if TP1 hits.
Long
by LevelsBySBT
Ethereum — 2025. The Lord Giveth and Taketh Away (Caution! 18+)Donald Trump's recent policies and statements have generated significant negative sentiment towards Ethereum and the broader cryptocurrency market. As he resumes the presidency, his administration's approach to cryptocurrencies is expected to be more regulatory and cautious, which could impact Ethereum investors. Historical Context of Trump's Views on Cryptocurrency Trump has a mixed history with cryptocurrencies, as we mentioned in earlier published ideas. Initially, he labeled them a "scam", "based on thin air" as well as "threat to the U.S. dollar" and expressed skepticism about their value, stating that they are not real money and are highly volatile. However, in recent months, he has shifted his stance somewhat, reportedly owning between $1 million and $5 million in Ethereum as of August 2024. Despite this personal investment, his public comments continue to reflect a critical view of the crypto market. Impact of Recent Tariffs on Ethereum The most immediate cause of concern for Ethereum investors has been Trump's announcement of new tariffs on imports from Canada, Mexico, and China. This decision triggered a significant sell-off in the cryptocurrency market, with Ethereum experiencing a drastic price drop of over 26% in just one day. The overall cryptocurrency market lost nearly half a trillion dollars in value following these announcements, highlighting the interconnectedness of global trade policies and digital asset valuations. The tariffs have led to increased uncertainty among investors, prompting many to liquidate their positions in riskier assets like Ethereum. This reaction is indicative of a broader trend where geopolitical tensions and economic policies directly influence cryptocurrency prices. Analysts noted that such trade policies could lead to inflationary pressures and a stronger dollar, making cryptocurrencies less attractive to international buyers. Future Outlook for Ethereum Under Trump's Administration Looking ahead, Trump's administration is likely to focus on stricter regulations for cryptocurrencies. This could manifest in enhanced oversight that may slow down the adoption of Ethereum by businesses and individuals. However, there is also potential for increased legitimacy if clear regulations are established. Moreover, Trump's interest in Central Bank Digital Currencies (CBDCs) might further complicate the landscape for Ethereum. As the U.S. explores its digital dollar initiative, Ethereum's decentralized finance (DeFi) ecosystem could face stiff competition from state-backed digital currencies. Technical challenge The main technical graph for Ethereum BITSTAMP:ETHUSD indicates on Bearish trend in development, since mid-December 2024, with acceleration occurred a day before Mr. Trump entered the White House. Key support considered as 100-week SMA (near $2550 in this time) and $2200 flat multi bottom, that helps so far; otherwise (in case of breakthrough) we believe it could lead the Ethereum price much lower, as it described on the chart. Conclusion In summary, while Trump’s personal investment in Ethereum marks a notable shift from his previous criticisms, his administration's policies—especially regarding tariffs—have created a challenging environment for Ethereum investors. The combination of regulatory uncertainty and macroeconomic factors will likely continue to influence Ethereum's market performance in the near future.
by PandorraResearch
2
#AIOZUSDT maintains bearish momentum📉 SHORT BYBIT:AIOZUSDT.P from $0.3816 🛡 Stop Loss: $0.3875 ⏱ 15M Timeframe ✅ Overview: ➡️ BYBIT:AIOZUSDT.P is trading in a downtrend, forming a series of lower highs and lower lows. ➡️ Volume Profile suggests that the main liquidity (POC) is positioned above the current price ($0.3919), indicating potential selling pressure. ➡️ A break below $0.3816 will trigger the short position, confirming buyer weakness. ➡️ The main downside targets are in the $0.3750 – $0.3690 range, where a short-term bounce may occur. ⚡ Plan: ➡️ Short entry upon breaking $0.3816, confirming bearish momentum. ➡️ Stop-Loss at $0.3875—placed above the nearest resistance level to minimize risk. ➡️ Main targets: $0.3750 and $0.3690, where downside movement may slow down. 🎯 TP Targets: 💎 TP 1: $0.3750 🔥 TP 2: $0.3690 🚀 BYBIT:AIOZUSDT.P maintains bearish momentum — expecting further downside! 📢 BYBIT:AIOZUSDT.P remains in a bearish trend, and a breakdown below $0.3816 will reinforce selling pressure. 📢 Watch for price reactions near $0.3690, where a slowdown or bounce may occur.
Short
by MoriartyTrading
What’s helping and hurting XRP right now.XRP is facing increasing bearish pressure as it struggles to hold above the $2.45 support level amid weak risk appetite in the crypto market. XRP has fallen below the 50, 100, and 200-day SMAs, signaling a bearish trend. On the four-hour timeframe, XRP has broken down from an ascending triangle pattern, reinforcing the bearish outlook. However, the Chaikin Money Flow (CMF) indicator has recently turned positive, suggesting a rise in buying interest. Speculation surrounding Ripple’s CEO and a connection to Donald Trump has thinned a little recently. Although, there has also been speculation about XRP being considered for inclusion in the U.S. government’s strategic reserve, fueled by Donald Trump’s recent sharing of an article on Ripple’s growing U.S. presence.
BLACKBULL:XRPUSD
by BlackBull_Markets
BNB Ready for a Major Breakout? Head & Shoulders Pattern in PlayMarket Insight: #BNB is currently trading in a prime buying zone for spot traders, showing strong price action on the 4-hour timeframe. A Head and Shoulders (H&S) pattern is forming, and we are closely monitoring its breakout for a potential bullish move. 🔹 Bearish Signs? None so far! The market structure remains intact, and buyers seem to be in control. Trade Plan for Bulls: 🔹 Breakout Confirmation: A clean break above the neckline of the H&S pattern will confirm bullish momentum. 🔹 Entry Zone: After confirmation, a long position can be initiated with proper risk management. 🔹 Stop Loss & Risk Management: Place a stop-loss below the right shoulder to manage risk effectively. 🔹 Potential Target: If the breakout holds, we could see a strong upward move toward key resistance levels. 🔹 Chart Analysis: (Attach a well-annotated chart with clear trendlines, breakout zones, and risk-reward levels) 🔹 What’s Your Take? Do you think #BNB will break out or face rejection? Drop your thoughts in the comments! Like & Follow for more real-time trade setups!
Long
by mudusir
BITCOIN : Important support for the price of the last hope!hello friends With Bit analysis, we have two scenarios: 1_ The price will return to the important support of 92 thousand dollars or even 90 thousand dollars and from there I will see the growth of the new wave of bit. 2- The important support price should break and continue to fall, and within the specified range with confirmation, we can enter a new upward wave. What do you think? Will important support be lost? In our opinion, due to the continuation of the trend and because the volume of sales has not happened, the first scenario is more likely and its target is 115-120 thousand dollars. *Trade safely with us*
Long
by TheHunters_Company
QNT/USDT Long Entry Signal Confirmed Given that the long entry signal for QNT/USDT was confirmed on February 14th and the price hasn't moved significantly since then, this could still be a favorable time to consider entering or maintaining a long position today. Here's how you might approach this: Reconfirmation of Entry: Since the signal was confirmed on February 14th, you should check if the conditions still hold: MLR still above SMA: Ensure the Moving Regression Line remains above the Simple Moving Average. MLR above BB Center Line: Confirm the MLR is still above the Bollinger Bands Center Line. PSAR still green: Check if the Parabolic SAR is still green, indicating a continued bullish trend. Price above 200-period MA: Verify the price is still above the 200-period Moving Average. Given the price stability since the signal was confirmed, these conditions are likely still valid, supporting the initial signal's strength. Entry Strategy: Action: Enter or maintain the long position on QNT/USDT based on the reconfirmation of these signals. Risk Management: Trailing Stop: Keep your trailing stop at the current PSAR level, which adjusts with price movements, ensuring dynamic risk management. Standard Exit Strategy: Exit: Continue to watch for when the MLR crosses back below the SMA. This would signal a potential trend reversal, indicating it's time to exit the position. Since the price has remained relatively stable, it might suggest a consolidation phase, which could precede a significant move. Stay vigilant for any changes in market conditions or news that could influence the price. Always ensure your trading decisions align with your risk tolerance and the latest market analysis. That is it Disclaimer: This idea is for educational purposes only and should not be considered financial advice. Always do your own research or consult with a financial advisor before trading.
Long
by vagada
Long Entry Signal for PHA/USDT - Trading System ConfirmationBased on our custom trading system rules, we have a confirmed entry signal for PHA/USDT today: MLR Crosses SMA: The Moving Regression Line (MLR) has crossed above the Simple Moving Average (SMA), indicating a shift towards a bullish trend. MLR Crosses BB Center Line: The MLR has also crossed over the Bollinger Bands Center Line, further confirming the bullish momentum. PSAR Flips: The Parabolic SAR (PSAR) has flipped, signaling a bullish trend as it follows the MLR. Price Above 200-period MA: The current price is above the 200-period Moving Average, confirming a long-term bullish trend. Entry Strategy: Action: Enter a long position on PHA/USDT based on these signals. Risk Management: Trailing Stop: Immediately set your trailing stop at the current PSAR level, which will adjust dynamically with price movements. Standard Exit Strategy: Exit: Monitor for when the MLR crosses back below the SMA. This crossover will signal a potential end to the bullish trend and an opportunity to exit the position. This signal presents a potential trading opportunity according to our system's parameters. Remember, always consider additional analysis and risk management practices before making trading decisions. That is it Disclaimer: This idea is for educational purposes only and should not be considered financial advice. Always do your own research or consult with a financial advisor before trading.
Long
by vagada
1
Long Entry Signal for BNB/USDT - Trading System Confirmation Welcome! Long entry signal for BNB/USDT confirmed by the trading system Based on our custom trading system rules, we had an initial long entry signal for BNB/USDT on February 11th, and since then, the price has remained steady at similar levels. Given that the system's conditions for a long position are still met, we can consider entering a long position today: MLR Crosses SMA: Even though the SMA is above the MLR, the entry still works because the price is over the BB center line and above the PSAR and 200 MA. Price Over BB Center Line: The current price is above the Bollinger Bands Center Line (orange), which indicates that despite the MLR/SMA position, the price is in a position that typically favors a bullish trend. PSAR Flips: The Parabolic SAR (PSAR), indicated by black dots, has flipped to bull, signaling a bullish trend as it is below the price. Price Above 200-period MA: The price is also above the 200-period Moving Average (red), reinforcing a long-term bullish trend. Given these conditions, the entry for a long position is supported by the price being over the BB center line, above the PSAR, and the 200-period MA, which are strong indicators for a potential upward movement. Entry Strategy: Action: Enter a long position on BNB/USDT today, considering the sustained conditions from the initial signal. Risk Management: Trailing Stop: Set your trailing stop at the current PSAR level, which will adjust dynamically with price movements to protect your position. Standard Exit Strategy: Exit: Continue to monitor for when the MLR crosses back above the SMA or if the price drops below the BB center line or the PSAR flips to bear. Any of these could signal a potential end to the bullish trend and an opportunity to exit the position. This signal presents a potential trading opportunity according to our system's parameters, especially since the initial conditions have remained favorable. Remember, always consider additional analysis and risk management practices before making trading decisions. That is it
Long
by vagada
Long Entry Signal for AAVE/USDT - Trading System Confirmation Given the daily chart for AAVEUSDT: MLR vs. SMA: MLR (blue) is above SMA (pink), bullish. MLR vs. BB Center: MLR is above BB Center Line (orange), bullish. PSAR: PSAR dots are under the price, bullish. Price vs. SMA 200: Price is above SMA 200 (red), bullish long-term. Current Strategy: All conditions for a long entry are met. Prepare to act on this bullish signal, keeping an eye on any further developments or confirmations. Trading systems can be deceptive; many investors purchase them with high expectations but often fail to use them as intended or at all. Even with a proven system, success isn't guaranteed due to the challenge of execution and psychological factors. This highlights the importance of understanding not just the system but also the discipline and skill required to apply it effectively in real trading scenarios. However, we will help you use the system effectively by letting you know when it's the time to act. All you have to do is keep a close eye on our updates to ensure you're ready to make informed decisions at the right moments.
Long
by vagada
Long Entry Signal for PROS/USDTBased on the daily chart for PROSUSDT on Bybit, here's a concise analysis: MLR vs. SMA: The MLR (blue) is above the SMA (pink), indicating a bullish trend. MLR vs. BB Center: The MLR is above the BB Center Line (orange), suggesting bullish momentum. PSAR: The PSAR dots (black) are under the price, confirming a bullish trend. Exception: There is no 200-period SMA available to guide us on the long-term trend, so proceed with caution. Current Strategy: Since all entry conditions for a long position are met (MLR above SMA, MLR above BB Center, PSAR under price), you might consider entering a long position. Stop Loss (SL): Set the stop loss at the current level of the PSAR dots to manage risk. Monitor My Idea: Keep monitoring my idea for any changes in trend or for potential profit-taking opportunities. Thank you!
Long
by vagada
TradeCityPro | Bitcoin Daily Analysis #15👋 Welcome to TradeCityPro! Let's dive into the analysis of Bitcoin and key crypto indicators. In this analysis, as per the routine on Mondays, I’ll also review the chart in higher timeframes for you to see what price scenarios might be likely for the coming week. 📅 Daily Timeframe In the daily timeframe, as you can see, the price is still in a very small trading range, oscillating from the 95108 area to the 98482 area, forming a very small range within a larger range box that extends from 92702 to 105928. 📊 As you can observe, the market volume within this box has significantly decreased and is continuing to diminish, indicating that traders and market participants are gradually decreasing. If this box breaks, the price can determine its next direction and movement leg. 🔽 If the 95108 area breaks, the next area will be 92702, which is the bottom of the range box. If this support breaks, the next support area will be at 87000. ✅ Conversely, if the price breaks the range box upward, breaking 98482 could lead the price towards the upper resistance areas of 101234 and 105928. The main confirmation for the next upward trend will be with the breaking of 105928, and if this area, which is also Bitcoin’s ATH, is broken, we can say that the price can move towards higher targets and new ATHs. 💥 In the RSI oscillator, as you see, this indicator is oscillating between two very important areas from 40.73 to 51.34, and breaking either could give us a confirmation of the RSI momentum. ⚡️ Let's go to the four-hour timeframe to observe the price movement with more details. ⏳ 4-Hour Timeframe As you see, we are in a range box that was visible in the daily timeframe as well, ranging from 95108 to 98482. This box has been faked once from the bottom and once due to the news of the hack at the Bybit exchange, causing the price to fake the top of this range box and move downward. 🧩 Currently, as you see, the number of hits to the bottom of the box has significantly increased, which increases the likelihood of this box’s floor breaking. Therefore, if 95108 breaks, I will try to enter a position and will show you later in the analysis how we can decide to open a short position on altcoins or on Bitcoin. 🔼 For long positions, the trigger at 96847 is suitable, but it is better to go to the one-hour timeframe to find better and more appropriate futures triggers. ⏳ 1-Hour Timeframe Let's go to the one-hour timeframe, a timeframe I analyze for you every day. Yesterday, the trigger I gave at 96205 was activated and gave very good profits, and the price almost reached the bottom of the box. After that, with a strong candle and a lot of buying volume that you saw, the price pulled back to this area again, so this area could become an important area in the future and I will keep this line on the chart for now. 📈 If the price breaks this area upward this time, and if the candle is of good volume and shape, I will definitely open a long position, and our next trigger for long will be at 96847. 🔑 But as you see, the price also reacted yesterday to the top of the Expanding Triangle area, and as you see, it both got rejected from this top and reacted with a shadow to it and pulled back to it. 📊 The market volume is also increasing. This drop that the price has started and the same causes the likelihood of breaking 95108 to increase. So I suggest if the price reaches near this area and gives you a good stop loss placement, definitely have a stop sell below this area so that if the price moves sharply downward, your position is activated and you don’t miss the price movement. 📉 The next price support will be at 93899, and we also have dynamic support at the bottom of the Expanding Triangle that can act as a good target and support from the price. I don’t see any other important points, so let’s move on to dominance analysis. 👑 BTC.D Analysis Let's go to the analysis of Bitcoin dominance. As you see, yesterday, after recording a new low in the area of 60.72, it gained a very good upward momentum and moved upwards, and after breaking 61.04, it re-entered the range box and this morning also broke the top of the box, which was area 61.49, and this increase in Bitcoin dominance caused altcoins to drop much more than Bitcoin. 🔍 If this trend of Bitcoin dominance continues, if the floor 95108 in Bitcoin breaks, opening a short position on altcoins would be more logical than Bitcoin because more money is leaving altcoins than Bitcoin. 🤝 Let's go to the analysis of Total2 and review the appropriate triggers for altcoins for you. 📅 Total2 Analysis As you see in Total2, yesterday's trigger at 1.22 was activated, and as we saw in Bitcoin dominance, altcoins dropped much more than Bitcoin, definitely giving you very good profits. I would be happy if you opened a position with this trigger, definitely tell in the comments so I am aware that you are using the triggers I provide in the analysis. 💫 As you see, the area 1.19 overlaps with the 95108 area in Bitcoin, but Total2 has broken this area. The reason is that Bitcoin dominance is rising, which causes that even though Bitcoin is still on support and has not broken its support, Total2 has broken its support and can now move towards the area 1.16. 🔑 If you have altcoins in mind that give a trigger for entering a short position now, you can open a position on them. For long positions, in my opinion, today the market will not give a long trigger. But if this downward movement is faked and the price moves upwards with the confirmation of theory and setting higher lows and highs, you can open a long position. 📅 USDT.D Analysis As you see, USDT.D has activated its short trigger in the area of 4.62 and yesterday rose from the support of 4.52 and moved upwards. If dominance can stabilize above 4.62, we can expect it to move towards 4.75, and this could be a very suitable confirmation for opening a short position on altcoins. ✅ But everything depends on Bitcoin dominance, and with the movement of Bitcoin dominance, you can decide whether to open this position on altcoins or on Bitcoin itself. For long positions and confirmation of a bearish trend in Tether dominance, you must wait until the price forms a new structure again, and in my opinion, if this break is faked, area 4.52 will become a very important area. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
12
Weekly Cryptocurrency Market Analysis:Ethereum (ETH)- Issue 267The analyst believes that the price of ETHUSD will decrease within the time specified on the countdown timer. This prediction is based on a quantitative analysis of the price trend. ___Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
BINANCE:ETHUSDShort
by MoonriseTA
4
RUNE Ready for a Big Move? Accumulation Breakout Incoming!Current Market Structure: #RUNE has been in an accumulation phase after a prolonged bearish trend. The price is consolidating, forming a potential Wyckoff Accumulation pattern. No further bearish signs are present except for the previous break of a strong support level. Key Levels to Watch: 🔹 Support: $0.788 (previous level) 🔹 Resistance: $2.5 (breakout zone) 🔹 Accumulation Range: $1.13 – $1.6 Trading Plan: 🔹 A confirmed breakout above the resistance level will signal the start of a bullish trend. 🔹 Ideal long entry on breakout with a retest confirmation. 🔹 Stop-loss below accumulation range to minimize risk. 🔹 Targeting $7 as the next resistance level. What do you think? Will #RUNE break out soon, or are we in for more sideways movement? Share your thoughts in the comments! Like & Follow for more trade setups and insights!
Long
by mudusir
1
TradeCityPro | INCH: Delving into a Leading DEX Project👋 Welcome to TradeCityPro! In this analysis, I want to review the INCH coin for you. It's one of the DEX projects in crypto, active in the DeFi space, and considered one of the successful projects in this category. 📅 Weekly Timeframe As you can see in the weekly timeframe, after its launch, the price began a downward trend and is currently in a consolidation box between $0.2098 and $0.6270. ⚡️ The bottom of this box is a very important support, arguably the only and last support for this coin. Conversely, the top of this box, as you can see, is a very strong supply zone. The price has approached this area several times with high momentum, but it has been rejected each time and returned to the bottom of the box. 🔍 Currently, as you observe, the price, after being rejected from this level, has moved downward and reached the bottom of the box, where it has been ranging for about three weeks. If this bottom breaks, the price could move lower and set a new all-time low (ATL), which would worsen the project's situation. 📈 However, if the price can rise from this area, finally moving upwards and breaking the supply zone, it could successfully start its bullish trend after several years. 🚀 The targets for the bullish trend are initially at $0.8438 and then at $2.0175. The ATH area is at $7.1331, which seems far from the current price and out of reach unless the market cap of 1inch significantly increases. 📅 Daily Timeframe In the daily timeframe, as we observe, we can see more details about the last downward movement. As you see, after entering the correction phase, the price first corrected to $0.3638. However, after stabilizing below this area, the next downward leg started, and currently, the price has reached $0.25 and has formed a small box between $0.25 and $0.2756. 🔽 For short positions, we have a very suitable trigger at $0.25, where if this area breaks, the price could move down to its main support at $0.2226. ✅ On the other hand, if this box that the price has formed breaks upwards and the price can stabilize above $0.2756, forming a higher low and higher high, we could say it has risen from the bottom of the box and could move higher. 💥 Overall, the price is in a very large weekly box, and any spot purchases and positions taken within this box are highly risky. So, be sure to not engage in excessive risk with this coin and wait until the large weekly box is broken either upwards or downwards. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
2