1inch
1INCHUSDT Clear Path UP 🆙I been waiting for this decision by 1INCH
Took rather sometime to make up its mind.
Finally the Buyers convinced us they are ready to go up ☝️
Breakout flag 🏁 seen
After completing a kind of symmetrical work of art. 4H view
I will take entry at $4.4 - $4.698 range
Weekend is here . Cause for Concern
But 1INCH has given direction.
After initial resistance
Final TP : $5 - $6 resistance lid.
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1INCHUSDT (1INCH) - PRICE ACTION ANALYSIS ANALYSIS 🔎
- This analysis is a price action prediction on 1INCHUSDT.
- This analysis comprises of two setups.
FIRST SETUP (RETRACEMENT)
- The retracement
- 1INCHUSDT hit an ATH and is on verge of a short term retracement.
- The market is consolidating in a rectangular pattern.
- This rectangular consolidation pattern is known as the distribution phase (wyckoff method).
- According to Wyckoff method, the distribution phase is a pre downtrend phase (bearish build up phase).
- Price action is printing the double top pattern.
- A double top pattern is a bearish reversal pattern.
- RSI is printing a bearish divergence signal.
- Breakdown below the double top neckline support and the distribution phase horizontal support level could lead to a retracement to the ascending trendline support, flip horizontal support and fibonacci retracement levels confluence.
- Sell entry ⬇️ : breakdown below the distribution phase horizontal support level.
- Targets 🎯 : fibonacci retracement levels, ascending trendline support, flip horizontal support.
- Setup invalidation : breakout above the distribution phase horizontal resistance level.
SECOND SETUP (UPTREND CONTINUATION)
- The uptrend continuation.
- This setup remains valid if the first setups plays out as expected (the retracement happens).
- At the test of the fibonacci retracement levels, ascending trendline support confluence and flip horizontal support level, the market will experience a relatively high buying force (concentration of buyers).
- This buying force could lead to the uptrend continuation.
- Buy entry ⬆️ : fibonacci retracement levels, flip horizontal support, ascending trendline support.
- Targets 🎯 : horizontal resistance level (R1), ATH resistance, Fibonacci extension levels.
- Setup invalidation ❌ : breakdown below the ascending trendline support.
Enjoy 🥂
1INCH Headed to $7 or Falling Below Support Zone ?Some 1INCH Takeaways/News:
-As of Feb. 16, the 1inch exchange alone had recorded close to $10 billion in volume in just the first 46 days of 2021.
-Decentralized exchange aggregator 1inch searches for the best rates on multiple DEXs, splitting the trade by several pools in order to retrieve the maximum amount of tokens possible all in one transaction. This can be quite useful for large trades where going through multiple exchanges will be beneficial to ensure a better exchange rate, rebating some of the value lost in gas fees.
-1inch transitioned to DAO governance late last year, and today announced a second round of airdropped governance tokens in a novel vampire attack on Uniswap
-Usually, these airdrops were meant to properly seed initial token supplies, so that only active participants in DeFi would receive them. The airdrop conducted by 1inch now has one specific purpose: Stealing some users from Uniswap.
NOT FINANCIAL ADVICE - TRADE AT YOUR OWN RISK
1INCHUSDTHello to you all. Mars Signals team wishes you high profits at all times.
As you can see the price has come out of the triangle and is moving toward its resistance. We expect higher prices for this token.
Of course it is possible that it will range on this resistance line before it resumes its uptrend.
If Bitcoin calms down, we can expect higher prices for this token even up to 8 dollars.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
#1INCH #1INCHBTC What next? Breakout, consolidation or go down?#1INCHBTC (Binance 4-hour)
Even we only have a 2-month historical chart, this interesting structure shows 2 patterns with a "Cup & Handle" formed inside an "Ascending Triangle", and followed by a "Falling Wedge" (due to the #BTC that dumped Alts) where it was stopped on the 50% Fibonacci retracement.
Now the question is, what next? Will it try to breakout soon, to consolidate at this level, or to go down?
Take your own decision... I made mine! ;-)
#1INCH Buy / Sell Zones#1INCH Buy / Sell Zones Forget #Doge buy #1INCH # CRYPTO #BTC
We hope you find our charts of use. Want a Custom Chart Made? our contact details are at the bottom of the page,
WallStretDefi have been trading for 20+ years on the stock markets and 12+ years in the Crypto Space, we are here to share our ideas with you.
DO NOT BE LEFT BEHIND - The Crypto Bull Market Is here right now and will likely move a lot higher in the coming months and years.
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💡 Don't miss the great buy opportunity in 1INCH/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (4.55). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. 1INCH/USDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 5.12
TP2= @ 5.45
TP3= @ 5.85
TP4= @ 6.30
TP5= @ 6.77
TP6= @ 7.35
SL= Break below S2
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Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡 Don't miss the great buy opportunity in 1INCH/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (4.55). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. 1INCH/USDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 5.12
TP2= @ 5.45
TP3= @ 5.85
TP4= @ 6.30
TP5= @ 6.77
TP6= @ 7.35
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 do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
1INCH/BTC testing 3D support1INCH / BTC
Currently setting on and testing 3D support
If this Support hold for next few days ..we can expect a pump toward trendline resistance and hoping for Breakout there
If we lost this Support will move to second strong one
Take care while trading alts these days because BTC Dominance
Good luck
🔥 1INCH Falling In ConsilidationAfter a long period of consolidation, 1INCH is falling to the lower end of the support. Since Bitcoin failed to stay above the $50k line, it has been steadily declining, fueling fears for a possible dump in the short term. This fear is taking most other crypto's down.
I've decided to keep the two targets close since I'm not bearish on BTC yet, although that could change from day to day.
On the chart I’ve marked two potential areas of resistance, S1 and S2. These areas are based on recent swing lows and round numbers. Do your own due diligence.
Happy trading!