1INCHBTC trade ideas
1INCH/BTC { 1INCH } - BULLISH SETUPANALYSIS 🔎
- 1INCH/BTC is bounded in the falling wedge pattern.
- Price is testing the falling wedge's support.
- The downtrend swing is resisted by the descending trendline resistance.
- Breakout above the descending trendline resistance could lead test of the falling wedge's resistance.
- Further breakout above falling wedge's resistance could lead to test of the horizontal resistance levels.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the descending trendline resistance.
- Limit entry: test of the falling wedge's support.
TARGETS 🎯
- Short term targets (black arrow pointer): falling wedge's resistance.
- Long term targets (blue arrow pointers): Horizontal resistance levels (@0.0001334, @0.000167).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
1INCHUSDT is inside a descending channel 1INCHUSDT is inside a descending channel and now the price is testing the 4h resistance. IF the price will have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
What About 1inch? 99.9%This altcoin pair has been very clear.
The support zone for 1INCHBTC has been stable since February 2021, that's over four months now.
This level continues to hold.
We can make a clear assumption based on this...
We are bullish above the support zone (green).
We are bearish below (red).
Right now we have a "volume breakout", the biggest volume bar since May will be printed today.
A bullish cross on the MACD... You know what happens next.
Up we go... 99.9%
Namaste.
Can 1INCH recover ???Hello everyone ! BTC seems to take its domination back from alts. After the beginning of the year money started to flow alt coins. However, that rising trend broken, in the chart white line. If BTC rise again, alt can recover a bit but selling pressure can come, for 1INCH it is yellow resistance on the chart. Very important support is orange line. Have a nice one !
How many inches can 1INCH go from here? 🤩Yep… 1INCH is breaking out from its EMA vs USD and also vs BTC ready for new ATH. And with ETH new ATH in the cards, things look promising for ERC20 Alts in general.
Do you agree? If so, what is the new ATH against BTC that you see? Feel free to share how did you reach that conclusion.