1INCHUSD trade ideas
1INCH could go up to the 2022 highs (+210%)1INCH is trying to break the descending triangle pattern the target is between $1,37 to $1,77 up to 210% it is in confluency with fibonacci levels, the oscillator turning into bullish momentum and if it can close a weekly candle above $0,55 region will lead the price towards 2022 highs.
Reversal in 1INCHUSD1Inch was in the downtrend, making lower highs (LH) and lower lows (LL). When Higher High (HH) appeared, the downtrend structure was broken, and confirmed with the first Higher Low (HL). Now it should at least retest HH(Target 2) and the prior swing can be used as a partial take profit (Target 1).
1inch INVERSE H&S 15 min. chart and longer time framesSee the clear inverse head and shoulders on the cusp of a break to the upside. The same head and shoulders exists on the 2hr, 4hr. The RSI is coiling up and compression leads to expansion. Bullish divergence on the longer time frame charts. The orderbook is weighted by buyers and visible sell levels around 0.56. Still waiting for the buy and go to the beach (BAGTTB) signal where the 21 EMA crosses the 55 EMA. .50 cent stop held up overnight providing decent risk to reward ratio. DYOR.
1inch Inverse Head and Shoulders on the DailyA measure move on 1inch if the head and shoulders plays out is 200 percent. Momentum oscillators and moving averages are positioned Bullish for the move. A clear H&S on the four hour is currently forming to extend the move upward. Orderbook buying pressure at the last resistance where I entered. It's best to wait for confirmation of the 20 EMA crossing the 55 EMA, but use a responsible stop.
1INCHUSD: Short term buy and bullish breakout target.1INCHUSD crossed over the 1D MA50 today for the first time in almost 3 months (April 19th). As the 1D timeframe turned technically bullish again (RSI = 57.661, MACD = -0.003, ADX = 31.888) we are going on a short term buy, targeting the top of the six month Channel Down (TP = 0.38500).
A candle close over the 0.382 Fibonacci level, will be a bullish breakout signal, directed to the 0.786 Fibonacci (TP = 0.59500).
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1INCH getting close to buying zone (all time lows)1INCH/USD, is heading towards its all time lows, which is also a buying area, indicated in red.
I suggest adding in the price goes lower, as you don't know where the real bottom is.
Use proper risk management on this as well, this is really important if not the most important thing when investing.
INCUSD TREND CONTINUATION PREDICTION - BEARISH RECTANGLE PATTERNINCUSD was making a series of LHs and LLs aligned with the concept of DOW THEORY and the RSI graph near the current price level is also consistent with the price point trend which shows no divergence. A bearish rectangle continuation pattern is also identified near the current price level further strengthening the case for a possible trend continuation.
My entry point for this trade is 0.3936.
SL is set at 0.4264 and my TP is set at 0.3608.
To take advantage of this trend continuation, I have applied another trade but this time TP 2 is set at 0.3280 which gives me a risk-to-reward ratio of 1:1.5 for my 2 trades.
OVERALL RISK: 2%
{
(TRADE 1 : 2859 : approx USD 90 RISK),
(TRADE 2 : 2859 : approx USD 90 RISK)
}
REWARD: 3%
{
(TRADE 1 : 2859 : approx USD 90 REWARD),
(TRADE 2 : 2859 : approx USD 180 REWARD)
}
1INCHUSD Filling all gaps, targeting 0.75000.1INCHUSD hit today the March 1st High, over both the 1day MA50 and MA200.
The RSI is over 50.00 and the price over Fibonacci 0.5. This is a bullish continuation sign.
With the long term pattenr potentially a Channel Up, target Fibonacci 0.786 which makes an ideal Higher High.
Target = 0.75000.
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$1INCH Road Map using My Bento Box Analysis$1INCH
On a Weekly Chart
LONG POSITION -MOMENTUM STRATEGY - SWING
12.06.22
2023H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many given factors at a given time that can change the forecast.
ALERT:
Forecast Entries for a BULL SWING.
Smart money wants a REBOOT of 2018 and all is possible for the forecasted entries based on numbers and the character of the market Let us see how price action reacts on a DAILY chart.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART (Bento Box)
"Follow the white rabbit!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal of a trend.
TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes the MAXIMUM TARGET EXIT AREA OF VALUE (Conservative) If price action and conditions are right at that given moment.
NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created using data on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My BENTO BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, AB=CD Pattern especially institutional and retailer trading psychology.
Hoping that this BENTO BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE for LONG positions, either short, mid, or long term.
Wishing you all The Best Trades and Thank you for your Appreciation and Support of My Work.
Many thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
1INCH, is expected to rise in 3 wavesThe following are machine translations:
On the daily chart, it stopped falling and rose near 0.5. It was blocked at 0.8 and stepped back to 0.6 to get support and rebound. Currently, the third wave is rising.
The bullish trend of the indicator macd, on July 6, refused to cross upwards, and the market further strengthened. The RSI indicator is currently just above the neutral 50 and will be in the rising range, continuing to rise.
In terms of operation, the pattern and indicators are bullish, and the intraday low is more than the target near 0.9.