1inchusdt
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 Accumulation 33% Points Considered
Strong data points for support and resistance
Consistent movement through the channel
1inchusdt - accumulation zone Preconditions:
- accumulation
- global uptrend
- locally uptrend
- key level
- buy after break out
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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 posible long setup 1D- Wait for the breakout
- Targets on fib levels
- Nice R:R
- Trade only with what you are willing to lose
- Don't chase the markets
💡 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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💡 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 bullflagit looks like 1inch is in a horizontal channel aka a bullflag. The blue lines are the support levels for 1inch in the case of a breakdown.
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 30m BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
1inch usdt to fall back down to $5 markIt's been a good run fo rthe 1inch project.
Falling support and resistance levels on all times.
Falling EMA. Good short positions to be had?
1INCH/USDT technical analysiseverything on the graph, I just deleted the fibo to not overload the graph :) have a good trade !
$1inch - let's make it 8inchPretty tasty set-up, broke the range and broke the descending trend line
Hopefully with this BTC breakout we get some strength here where we can aim to break the fib levels even up to the 2.0
Fundamentally very strong coin, even boasting their own exchange now and brilliant APY opportunities
Lets go...
