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TradeDog-Research
May 5, 2021 12:56 PM

1inch-USDT(Consolidation Breakout) Long

1INCH / TetherUSBinance

Description

1Inch is a DEX aggregator built on Ethereum blockchain that provides traders to place large orders through its swapping techniques across different DEX. At the time of writing, $347.6 Mn is locked in its protocol.

On the Daily Time Frame, 1INCH is trading in a narrow range ($5.15- $5.8) for the past 7 days.

Key Levels to Watch Out For-

The major resistance to the higher side is present at $6.35. Closing above the level may witness huge momentum to new highs.

After the Breakout, 1INCH may give targets of $8.2.

The support to the lower side is present at $5.
Comments
c0508g
Great work.
TradeDog-Research
@c0508g, Thanks for the appreciation, mate.
TradeDog R&A also provides premium research reports and signals absolutely free of cost.
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ifionasit1
just want to say, your analysis was very good! hope to see more of your hard work! thanks!
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