1INCHUSDT trade ideas
1INCHUSDT is testing the resistance 🦐The price retest the 0.618 Fibonacci level after a bounce from the daily support on 0.6$
Now the price is testing the 4h resistance and the market is trying to have a breakout
How to approach it?
IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
1INCH broke out ready to fly#1INCH/USDT
$1INCH broke out from daily descending trend line and is in pullback to broken line, also it is rejected from lower line of ascending channel.
🐮 holding above ascending support will increase price to resistance around $0.78 and maybe upper line of channel.
if price touch the upper line of channel it is another break out and price can continue its upward move toward resistance zone around $1.1.
🐻 break down from ascending support can drop price to liquidity zone around $0.5
Resistance on the negative line of a dailyAccording to the movement history and the patterns I have found, I can assure that it will start an upward movement from the box area, I do not recommend placing an order, enter only by using the alarm and receiving the long signal.
If you enter with a maximum leverage of 20, you can activate your order in advance in order not to miss the opportunity.
A good chance, over 172% profitableOn weekly chart,
BINANCE:1INCHUSDT has touched a support and bounce back.
Right now, it's trading at 0.73
Besides, it's broken out Descending Channel. This signal is good for bullish.
Resistance of mid-term at 2.0
On 2H TF, we can join the race when it's testing.
Let's wait and see.
Cup And Handle Potential BreakoutSof far a breakout but no backtest, gold pocket retracement with very low volume with a nice decline. Falling wedge breakout as the Daily stochastic RSI is pushing up as well as the 4hr. Perhaps wait until the 1-hour stochastic rsi gets oversold as its overbought in the shorter-term time frame. The 4-hour time frame also has bullish divergence and is somewhat close to the 200 EMA. MACD about to cross bullish on daily time frame.
1INCH/USDT great setup is forming!Hey guys,
First time talking about this great project named 1INCH. This coin is an ETH token that powers a decentralized exchange that aims to offer the best rates by discovering the most efficient swapping routes across all leading DEX-es. And maybe you came across their rates when using app like Trust wallet which uses their service!
So whats next? What did we see with this coin?
Firstly we see a great "Triple Bottom" pattern forming which is holding at the moment. At the moment we see the price to go to $0.70 where we should witness some sellers force to try and take down the price! If Buyers manage to secure that "Neckline" zone then we should see a price to reach $0.75.
Breaking the "Triple Bottom" pattern line would mean going to $0.61 zone
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Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
1INCH - Pullback before the RallyWe have seen relatively strong growth across multiple coins. The short-term consolidation phase might be about to begin. In this case, we'll see a 10-15% pullback across the board. In regards to 1INCH, price should test the key demand area. Then, another wave up is expected.