Long

1INCH 🦄 Ichimoku Weekly Breakout! | Profits Plan

Updated

Hey guys!

Analyzing past movements, we can see price used to move inside a downwards channel until it broke out from it. But not only that, it broke out and pierced through the Ichimoku Cloud in the weekly timeframe which is huge!

So here's some plan:

1) Condition: -price must breakout from 0.58 towards the upside. After that, it should re-test the zone to give a chance to get into a trade. (DONE)

2) We can set targets 0.90 - 1 dollar mark

3) If price closes above 1.10 we can expect a move towards the following target zone: 1.60 - 1.90

4) For the bears scenario (we must include it even if we feel might not happen at all) Price could fall back into the range and give an awesome opportunity to buy lower even. And a realistic price would be around 0.27 but BEST optimal would be at around 0.20

Let's see how it plays out!

Kina Tip of the Day: My ideas and trades are all for SPOT modality. I don't recommend futures trading unless you really know what you're doing and you're up to get glued into the charts. If you want to live your life and still make money then relax, sit back, analyze and create your own strategy that could be based from another teacher but you must feel connected to it otherwise it won't work in the long run, no matter what you do. So, never give up and keep fighting for independence.

Keep it Shiny! ✨
Kina, The Girly Trader

Note

If it keeps dropping we can find as the optimal buy zone by 0.27 zone! Stay sharp for that sniper entry!

Note

It hasn't broken through the cloud yet BUT it has bounced from it which is a very bullish sign going forward. Possible re-test of the trendline, awaiting confirmation by a break and close above the cloud once again.

Note

We're having the trendline re-test like mentioned before so let's see what kind of pattern we get once it's done with it.

Note

0.34 level seemed to have held pretty good so far! Heading upwards like everyone else so far ♥ in the bigger picture, it re-tested the downtrend trendline and now it's creating a 3 reversal candlestick pattern

Note

After the little bounce we can see it's on a little build up mode. Several candles keeping similar range. If we get a breakout at 0.46, we can easily look at price coming back to 0.50 area.

Trade closed manually

There's a possible H&S into play so instead of waiting for confirmation. Get off the trade and wait for the best price to come

Note

This still is a very messy chart. I can see Price stuck in a triangle, and there's no other way to look at it. BUT this doesn't mean we can go bearish or bullish yet.

We have to wait for the breakdown of the head-and-shoulders pattern, which would indicate a bearish drop to the demand zone.

Or we can also expect a breakout of the falling trendline that could totally destroy the pattern, but we haven't seen the lower high taken out yet.

We'll just have to be patient and monitor for an opportunity.

KinaStar

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