Despite Bullish Trade Signal — Why 1INCH Might Go Lower!Just a couple of minutes ago, 1INCH flashed a bullish Bollinger Bands signal on the 4H chart. However, despite the signal's solid reliability when it comes to smaller gains, 1INCH looks poised for a stronger downtrend.
Here's why 👇
1 — 1INCH chart looks extremely bearish with two tops at 0.43 that were rejected both. Especially the M-shape is a formation you don't want to see and indicates a bearish momentum.
2 — 1INCH fell below the important support at 0.4. Also, it recovered gradually, but the token hasn't been able to climb back above the crucial level.
What's next?
A daily close below the 0.4 level will strengthen the bearish momentum. Without support from the broader market, it is more than likely that 1INCH will revisit support at 0.38 next.
1INCHUSDT trade ideas
1INCH Technical Analysis in Daily TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
1INCH has been in a bearish trend and recently hit a local low of $0.3064, managing to bounce back and close under the triangle support.
The price is currently testing the 25 EMA resistance and is likely to test the resistance trendline soon. A breakout and close above the resistance trendline will likely create a bullish scenario for 1INCH.
Key Observations:
~ Primary Support: $0.345.
~ Lower support: $0.3064.
~ Primary Resistance: $0.4.
~ Invalidation Point: Breakdown and close below the support levels.
DYOR, NFA.
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1INCH — Trade Signal Indicates Quick Gains On The 4H ChartThe crypto market is mainly moving sideways. Accordingly, it is reasonable to pursue trades with a lower profit potential.
1INCH is an exciting opportunity to realize 2.5% gains.
1️⃣ Bullish Trade Signal Flashed
1INCH flashed a bullish MACD crossover on the 4H chart. The signal has high reliability to realize gains of 2% and, therefore, perfectly aligns with the calculated profit potential of 2.5%
2️⃣ Chart Support Bullish Movement
1INCH bounced once again at its 0.39 support level, and we can expect a move toward the resistance at 0.408
3️⃣ Trade Setup
A tight stop loss is mandatory since the profit potential is relatively low. Therefore, a stop loss of 0.8% might be wise. That results in a risk/reward ratio of ~3.
#1INCH/USDT #TradeSignal
1INCHUSDT | More Correction Over the Weekend?Market Context
Sell pressure in the crypto market is still relentless, and I anticipate more downward action before the eventual pump. This weekend could be pivotal.
Chart Analysis
1INCHUSDT is presenting a fascinating opportunity with a great risk-reward ratio. The current setup suggests that we could see a further correction before the bulls take over.
Strategy
The market is ripe for a test of this theory. With selling pressure still strong, I’m gearing up to short 1INCHUSDT. If the market behaves as expected, this could be a rewarding trade.
Action Plan
Let's test this theory and see if we can capitalize on the expected downturn. Stay tuned for updates—this weekend could be very interesting!
This 1inchusdt chart analysis So hello everyone here I predict this token and I told about trend condition so trend condition behave I created a some level where which we can find some reversal pattern so I I told already this is a my prediction so so this is very risky market so please taken a trade on your risk
1INCH price shows promise for a potential rallyThe 1INCH ( CRYPTOCAP:1INCH ) price is likely to face a pullback after rallying 15% since Tuesday, but a price decline towards $0.471-$0.443 could provide an opportunity for sidelined buyers. The price rally is fueled by rising Open Interest, which indicates the total number of outstanding derivative contracts and whether money flows into the contract are increasing or decreasing.
The 1INCH price broke the resistance level at $0.443 on Tuesday and has rallied 17% since then. If the price bounces off the $0.471 level, it could rally 20% to the 61.8% Fibonacci retracement level (plotted from the March 13 high of 0.704 to the April 13 low of 0.327) at $0.560.
Santiment's Supply on Exchanges index shows 1INCH tokens available on centralized platforms plummeted from roughly $117 million to $94 million from May 28 to 30. This 19% drop in tokens held on exchanges indicates that investors are confident in 1INCH price performance and are not looking to sell.
If the daily candlestick closes below the weekly support at $0.327, 1INCH price will form a lower low in the higher time frame, indicating a bearish market structure. Thus, the bullish thesis would be invalidated, triggering a potential crash to $0.275, roughly 16% away from $0.327.
1inch is setting up for upto 14% pumpHi dear friends, hope you are well and welcome to the new trade setup of 1inch token with US Dollar pair.
Recently we caught almost 44% pump of 1INCH as below:
Now on a 4-hr time frame, 1inch is about to complete a bullish Shark move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
#1INCH/USDT#1INCH
The price is moving within a 4-hour downtrend channel that it is closely committed to, and has just broken through
We have a support area at 0.3400 and we bounced from it at the lower border of the channel
We have a tendency to stabilize above the Moving Average 100
We have an uptrend on the RSI indicator and it has been broken higher
Entry price is 0.3860
The first target is 0.4658
The second target is 0.5160
The third goal is 0.5760
1inch Targeting 4$ from here.The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest, and protected operations in the DeFi space.
The 1inch Network's first protocol is a decentralized exchange (DEX) aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. The 1inch Aggregation Protocol incorporates the Pathfinder algorithm for finding the best paths across over 400+ liquidity sources on 12 chains: Ethereum, BNB Chain, Polygon, Avalanche, Optimism, Arbitrum, Fantom, Gnosis Chain, Klaytn, Aurora, zkSync and Base.