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1inchexchange

🦄1INCH- beginning of an uptrend?Recently 1inch broke the dynamic daily resistance, successfully retested it as support, and is now entering the area of strong resistance (highlighted red), trying to break key level (3.55) and 200MA. If it succeeds to do so, then the next important level to break is the level of previous local highs (4.01) Entry: buy once 3.55 is claimed -- or buy on 4.01 break -- or buy below 2.6 (green area of demand) Long-term targets: TP1: 4.01 TP2: 4.41 TP3: 5.18 TP4: 6.30 TP5: 7.55 (~120%) TP6: OPEN++
Long
by V0VOLAN
3
1INCH - 6h. Be careful around the range of $3.6-3.75 The loss of the critical liquid range of $3.6-3.75 had a very negative impact on the 1INCH market participants. After a powerful wave of decline, which began on May 9, sellers managed to lower the price of 1inchusdt by 76%. The main trading volumes were recorded on May 19, when sellers began to break through the liquid price zone of $3.6-3.75. After unsuccessful attempts of buyers to regain control of this range, the price of 1inchusd continued its decline, however, at lower volumes . The decrease in investor interest below the range of $3.6-3.75 is clearly visible on the daily timeframe: As you can see, a systematic decrease in trading volumes even during local growth speaks of the fear of market participants and a reluctance to take risks in such a situation. Therefore, at the moment , a positive scenario for buyers will be a test of the range of $3.6-3.75. A new wave of decline will most likely start from this range. From how strong it will be, it will be clear how likely the scenario of the completion of the correction and the beginning of a new wave of growth is. For a positive scenario, buyers need to keep the range of $2.45-2.6. Otherwise, we will see an update of the local low. ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
25
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.
Long
by brendanwenzel