1INCH cryptocurrency – consolidation with a range of 200%It's been 3 months since 1INCH cryptocurrency is in the deepest depression. What can be worse than a sharp market reversal, given that even this morning the situation was as positive as possible?
That's exactly what happened to 1INCHUSDT cryptocurrency investors on October 27. On the chart you can see a big spike in volumes and an abnormal candle on a large timeframe.
On the one hand, this is a signal for continued growth. But the fact of global consolidation is important here, in which the price of cryptocurrency 1INCHUSD has been moving since May 2021. Buyers on high volumes failed to break the global consolidation upwards. This fact was the signal for sellers to act. In our previous forecast , we expected a more subdued 1INCH price correction.
The formation of the "Cup and Handle" pattern , which indicates the continuation of the trend, had great chances to work out. But Bitcoin's price weakness and the general negativity in the cryptocurrency market forced 1INCH price to continue falling to the lower boundary of the global consolidation.
Cryptocurrency 1INCH completes a wave of decline
If you look closely at the continuation of the fall in price 1INCHUSDT after December 4, it becomes clear that the sellers' forces are running out. Yes, the buyers haven't shown themselves and haven't shown interest in starting a new wave of growth. But as we know, the price is very manipulative during the consolidations and it is easy to start a sharp reversal without volume and candlestick pattern. You can see this when you see how the reversal of 1INCH cryptocurrency started in July 2021:
The chart clearly shows that after the weakness of the buyers and the renewal of the local low, the sellers had no more efforts left. Analyzing the situation now we also see low trading volumes and weak sellers' initiative. Therefore, globally, in the wide range of $1.85-2 is a good entry point for a long-term investment with the target of $6.4.
The first local target in this long-term trade is the range of $3.5-3.8. In this range may be a good chance to close part of the position on the cryptocurrency 1INCH and try to re-buy it lower on a local correction.
The price of 1INCHBTC has stopped moving since December 2021
Analyzing the price movements of 1INCHBTC , you can see a global wave of decline, starting from January 2021. But even within this decline wave, we see that the prospect of price growth is about 100%. We do not exclude the probability of decline attempts, but we see them in the form of false breakdowns of the liquid zone of 0.00005 . Given the nature of 1INCHBTC price movement and low trading volumes recently, we expect a strong upward price impulse. It is after such an impulse that we need to closely monitor the market to see how many sellers it has left. This information will tell us how strong the new growth of 1INCH cryptocurrency may be.
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1INCHUSDT trade ideas
1 INCH👨🏻🏫 1INCH bounce from the support. If the sentiment will hold - we will break the resist and go higher.
⛔️ But always use SL. No discussion about SL. This is important and protect you. When the price is higher you can move your SL higher (to the entry positon for example).
ℹ️ The next important thing is:
- take profit! always. TP 1 - 30%; TP2 50%; TP3 20% (it´s about you).
✅ TP1 - 2.8 usd
✅ TP2 - 3.3 usd
✅ TP3 - 4 usd
⛔️ SL - 1.95 usd
1INCHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. You see that the price has had an extreme fall to the support line days ago and now it is testing that area again. We can consider it to be a double bottom. If that is the case then the price needs to break the R1 line and move up to the next resistances. If it breaks the support line then there would be more falling.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
1INCHTrend is your friend...
Tight SL - 10.36%
TP are marked... for me is 67% a lot of money. But if you wanna wait, probably you can see higher price...
RRR is 6,49 ...
If BTC will drop again the price can hit SL. If we drop under green support, it will be cruel time... You can restart the trade at the bottom (green range) and take profits on the way up.
...still in entry zone.
Elliott wave count in 1INCH symbol in daily timeframe#1INCHUSDT
You see the 1INCH symbol wave count. According to the wave count, you can see that this symbol is in its second cycle. In the second cycle, wave 1 is completed and wave 2 is being completed.
Approximately three out of four waves 2 correct between 38 and 62% of wave 1, and at most one in six waves 2 corrects more than 62% of wave 1. 1INCH is of the second category. But I'm hesitant about completing wave 2 correction and the occurrence of point C, so I tagged it with a question mark.
Personally, I believe this symbol will have a deeper correction than point c, and then we will wait for the beginning of the third wave. To get confirmation of this issue, we can wait for a positive divergence of the ordinary type. I have given you an example of this divergence at the beginning of wave one.
By closing the candlesticks on the horizontal blue lines, the best opportunity to enter this symbol will be created. This analysis is Not a buy signal.
I am waiting for friends and professors to comment.
Thank you
1INCHUSDT - Double Bottom1INCHUSDT (1h Chart) Technical analysis
1INCHUSDT (1h Chart) Currently trading at $2.53
Buy level: Above $2.55 (Buy after breakout)
Stop loss: Below $2.33
TP1: $2.63
TP2: $2.72
TP3: $2.82
TP4: $2.95
Max Leverage 3x
Always keep Stop loss
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1InchUsdt1Inch good coin for save and good for tade after this dump come bottom and fear on market
my exprience is when market on fear you buy this is realy not financial advice . can BTC more dump and ATH this Cycle 69K and now finish we going to correction adn more dump this remember but this coin is good you have buy can buy this
1Inch good Decenteralize Exchnage and have good apce for growUP
this about you and your money
GL
Entrypoint:
2.422
2.365
Suports:
2.228
1.617
1.034
Resistance:
2.940
Targets:
3.624
4.252
5.241
6.815
9.529
For HODL and mid time:
14.575
18.197
25.038
GL
rememebr 1 inch good fundamental.
now on bottom channel adn this channel is correct can see reaction prize on middle and top this channel.
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