1INCHUSDT trade ideas
🔵1inCH is close to Support Area🔵BINANCE:1INCHUSDT
⏰ Time Frame : 1D
🔴 If keep the support zone and break the down trend then growth to ressistance - 1.965
All Supports and Resistances market are in the chart .
⚠️ (This isn't a signal for buy or sell)
#️⃣ 02 / 13 / 2022
👸 Analyzed by : Parisa_Alipoor
1INCHUSDT - local uptrend channel.Looking at the 1INCH / USDT price chart, we can see that the price is moving in the local uptrend channel.
The current support is at $ 1.85, while the second support is at $ 1.77.
However, the first resistance should be encountered at $ 1.93 and the next resistance at $ 2.07
1INCHUSDT is testing the daily supportThe price is testing the daily support after the price lost the weekly support.
The market got rejections from the dynamic resistance (the blue line)
How to approach?
IF the price is going to have a breakout from the weekly resistance and dynamic daily resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
1INCH/USDT 4 HOURS UPDATE Welcome to this quick Update, everyone.
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I have tried my best to bring the best possible outcome in this chart.
1INCH/USDT just broke out the channel and already retested it.
Entry: CMP or upside support level of the channel.
Targets: 30%TO 40%
Stop Loss: $1.72
What's your thought on this?
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#PEACE
Retest the resistance as support and off we go1INCH broke through the macro resistance that has sat above its heads for a few months now. It managed to break through it helped by the bitcoin rally. Think there will be a load of volume and long positions take if we dip back down towards the resistance line and hopefully it can be turned into a support. 1INCH / BTC pair could look better but with time it will also flip bullish
1INCH - Short TF potential move & retest targets1INCH followed the market with a big sell off. initially having a fakeout to the upside of a near symmetrical triangle to then drop 30% below the bottom of it. Now forming 3 HLs on the hourly, the RSI is on the move upwards above the signal line. An entry on the retest of the signal line would allow for a 40% target to the tip of the symmetrical triangle which coincides with Januarys VWAP end price.
On a larger time frame, should the January VWAP flip into support, the next target would be the December VWAP, sitting at 2.81, which coincides with the 50% point of the July to September rally. the 0.618 fib level above this is 3.09, with the golden pocket at 5.20-5.49.
These targets face resistance levels on the way, but with the option of a tight stop loss of 3.5% below the first HL set a few days ago. This offers the potential for a very good risk-reward ratio.
Target 1 - 2.17
Risk/Reward = 10:1
Target 2 - 2.83
Risk/Reward = 20:1
Target 3 - 5.22
Risk/Reward = 60:1