1inch
Buy opportunity incoming - $3.5!1INCH is correcting similarly to BTC /ETH (see below my ideas) and I'd not be surprise to see it soon re-test the $3.5 level which is a prime buy opportunity for some nice gains if you plan to go long on this coin.
As such, I'd be interested to set some limit buy orders in the yellow area as that has been re-tested as support quite a few times and likely will hold again. A breakout from that level will bring some juicy profits.
I don't see 1INCH falling under $3.5. For that to happen, BTC and ETH need to crash quite significantly. In any event, that level once or if reached should present a great risk/reward entry.
On the short time frame, we are correcting here and should reach support eventually, then best to consider a long if market is favorable.
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1INCH/USDT - 1D - Analysis published on 03/28/2021Hey guys, it’s Cosmo 👩🚀 Bitcoin seems to have topped @ 56,700 USD recently and is moving downwards already!
So let’s better be prepared … I took some profits on my long BTC position and I’m looking for some more SHORTS to hedge the remaining portfolio of LONGS against a possibly continuing dip of the general market.
Let's get started 😃 … I possibly found an opportunity with 1INCH Token against USD:
Summary of the Analysis: 1INCH/USDT (1 day time frame)
Trends: Short Term - Bearish & Long Term - Bearish
Crypto Screener™ – 1 day frame – (by TradingView) Rating: SELL
Technical Indicators – 1 day frame – (by TradingView & intotheblock): SELL
- Summary: 9 Bearish; 9 Neutral & 4 Bullish --> SELL
- Oscillators: 1 Bearish; 8 Neutral & 2 Bullish --> SELL
- Moving Averages: 8 Bearish; 1 Neutral & 2 Bullish --> STRONG SELL
Fundamentals: SELL
- Circulating/ Total Supply = 60%; Max Supply unconfirmed --> SELL
- 648 out of 1,000 Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto) --> SELL
- No SIMETRY™ Rating (by Crypto Briefing)
- B Rating with stable outlook by TokenInsight
- 49.2% out of 100% Asset Score™ by TokenInsight --> SELL
- No Dynamic Performance Score™ by TokenInsight
AI (Artificial Intelligence) by CENTRALCHARTS: SELL
Multi Timeframe Analysis:
- 1h (1 hour frame): neutral
- 4h (4 hours frame): neutral
- 1D (1 day frame): positive
- 7d (last 7 days): negative
My Opinion: SELL - Bearish under USD 4.476 (Stop Loss Level +12.9% from current price level = 1st light green line above current price);
My targets: USD 3.408 (-14.1%), USD 3.000 (-24.4%) & USD 2.190 (-44.8% from current price level)
1INCH/USDT follows a strong bearish trend since All Time High on 02/05/2021. Traders may consider only short (sell) positions if the price stays well below USD 4.476. Next support levels are indicated as light red lines in the chart. A bearish breakout below a support line would increase bearish momentum.
Since the beginning of March we are trading below yellow indicator line – BTCUSDT – which means 1INCH is currently underperforming compared to BTC!
Signal Force (0-10): 6 = strong force
To sum up my opinion: I’m convinced that the 1INCH Token is substantially overpriced with the recent PUMP ACTION and will retrace back to it’s lows from before the parabolic move (around USD 3.000 or lower).
We broke monthly VWAP (volume weighted average price) downwards 5 days ago (on 03/23/2021) which is a strong SELL signal.
Please note that as a Hedge Fund Manager I would NEVER go outright short = only sell short ... I always have potentially overperforming coins or tokens long against the shorts!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.
Please also have a look at my other current analysis to get a full picture of the Crypto market.
Happy trading … please like, follow and comment!
Published on 03/28/2021, 09:30 PM (UTC+1)
Justification for 1inch; (1INCH/USDT analysis )❇️ (Rank #94 kind:Token - On 45,868 watchlists
Market Cap: $696,866,124 - Fully Diluted Market Cap: $7,021,914,744 - Volume 24h : $101,932,885 - Circulating Supply : 149,114,100 1INCH - total Supply: 1,500,000,000)
What Is 🌟1inch (1INCH) 🌟 ?
1inch is a decentralized exchange (DEX) aggregator, connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across all platforms. In order for a user to find the best price for a swap, they need to look at every exchange — DEX aggregators eliminate the need for manually checking, bringing efficiency to swapping on DEXs.
❇️Description
actualy 1INCH Token is a reward-based token that users can obtain by using 1inch products. The team is aiming to build a working decentralized and permissionless network operation where the token can be used:
👉to ensure a permissionless fashion of interaction with the protocols
👉to secure funds for further ecosystem development
👉to incentivize participation in potential governance of specific network functionalities
👉to stake for the network security
1inch in winter 2020 also launched Mooniswap, its own automated market maker (AMM).
In December 2020, 1inch launched its 1INCH governance token, and the 1inch Network began to be governed by a decentralized autonomous organization (DAO).
❇️Who Are the Founders of 1inch?
1inch was founded by Sergej Kunz and Anton Bukov over the course of the ETHNewYork hackathon in 2019. The two had earlier met during a live stream of Kunz’s YouTube channel (CryptoManiacs), and began entering hackathons together, winning a prize at a hackathon in Singapore as well as two major awards from Ethereum Global.
❇️What Makes 1inch Unique?
1inch is unique in that it provides instant governance for its users. This feature allows 1inch users to vote for specific protocol settings in the decentralized autonomous organization (DAO) model.
❇️refrences: coinmarketcap - coincodex. com
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✅TECHNICAL ANALYSIS
We do not have a specific technical analysis for 1inch/usdt because it has just joined the crypto market, but it may grow these days, also you can buy one step in the vicinity with a long-term view or near the support areas with more confidence and by seting up an appropriate stop-loss.
Although the Defi season hasn't started yet, I would like to inform the crypto community that they should prepare for the upcoming Defi season, because it will probably be very stormy, so at least keep it on your watch list.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
1Inch Exchange In Buy Territory With ATH Retest Within 2 WeeksBuy Zone: $4.50 - $4.80
My idea is that this will bounce around inside this $4.50 - $5.20 channel and once it breaks through this triangle then it's heading straight to $6.30 where it'll meet some resistance before eventually breaking through for new highs.
I'm bullish on all exchange coins right now and they will all pop off on their own time, but it will happen.
Seeing Coinbase valued at $100b means these DEXs are likely massively undervalued right now. Their demand will skyrocket with the update from ETH of the layer 2 solution and v2 of Uniswap will help the whole industry.
1inch is a superior product, in my opinion, and should have a market cap similar to SUSHI.
I'm not going to sell more than 50% at any point. I will try to play the ATH resistance to add some more coins though. It's all about coin accumulation for me when these pull back at expected points.
Decentralized Exchange (DEX) vs. Centralized Exchange (CEX) What is 1inch?
1inch is a decentralized exchange aggregator that sources liquidity among various exchanges and is capable of splitting a single trade transaction across multiple DEX’s.
Smart contract technology empowers this aggregator to enable users to optimize and customize their trades.
How is a decentralized exchange (DEX) different from a centralized exchange (CEX)?
Unlike CEXes, no central authority or third party is involved in the operation of a DEX. As a result, the user retains full control of their funds stored or traded on DEXes, which offers a higher degree of security than CEXes. While CEXes are believed to be faster and offer generally better user experience than DEXes, the latter have recently shown significant improvement in this area.
What you as a trader do need to know about 1inch future potential:
1inch is the leading DEX aggregator when it comes to quickness and providing good fees on the ethereum network. This project is currently sitting around 700mil mcap and is expected to be a worth 7 billion working project. You can do the math.
technical wise:
1inch did a bullish breakout on the daily bar chart recently and is currently in retest mode. Since I am very bullish on altcoins and DeFi, I wouldn’t be surprised to see 1inch leading DeFi round 2.
If you got any value out of my post from today. Leave a comment and a like to show me if I did a good job or not.
Cheers!
💡Don't miss the great buy opportunity in 1INCHUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (4.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. 1INCHUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 5.11
TP2= @ 5.48
TP3= @ 5.90
TP4= @ 6.33
TP5= @ 6.81
SL= Break below S2
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💡Don't miss the great buy opportunity in 1INCHUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (4.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. 1INCHUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 5.11
TP2= @ 5.48
TP3= @ 5.90
TP4= @ 6.33
TP5= @ 6.81
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
1INCH/USD analysprice has broken an important area so i think after a little rest and side range it can reach the targets which i set in diagram fo you an you can set youre SL under the area but not with shadow(wait for close under area).
be carefull if you enjoy plz follow for more simple daily idea like this.