1Inch is successfully breakout the symmetric triangle and now ready for the next wave. Decentralized Exchange (DEx) coins are performing well because of the increased volume and number of users on DEx. This is a good time to buy 1Inch and hold.
Buy Zone: $3.8 - $3.95
Target: $4.5 - $5.1 - $5.8 - $6.3 - $6.9 - $7.5 - $8.1 - $8.8 - $9.4 - $9.9
1inch decentralize exchange token made good breakout of the trend line.
what is the impact of stimulus bill on bitcoin?
bitcoin price also moving higher because of US stimulus bill support. bitcoin price today made impressive bounce above from 47K to 50K. many bitcoin price prediction here but bitcoin looks overall bullish with such big stimulus bill we can see...
Ascending Triangle forming, Clean Structure, Higher lows squeezing into resistance. Seller pressure being squeezed out at neckline. buy on the retest, rounded or immediate (1 or 4h). Look for confirmation candles like strong wicks and/or hammers/engulfs. Be Mindful that if bitcoin takes a sh*t, this will too.
Good Luck.
1INCH is quickly approaching the blue apex of this formation. I expect price to soon give us a reaction.
We have a good support just under current price at $3.5 which would also present a good buy opportunity. On the other hand, if we breakout of this apex and go higher, we should find some resistance at $5. Then ATH is next.
Best to wait for confirmation...
I am watching 1Inch because it seems to be leading the way in regard to some other shit-coins. Already in, but would love to pick some more up if it double bottoms.
1INCH is approaching quickly the key resistance level between $4.2 and $4.5.
The indicators are looking bullish and BTC will allow most of the market to recover if it maintains its price above 50k.
The volume on this last push is not looking too bad and we have a good chance to push up to $4.5. However that level may be tricky to pass on first try as it was...
1INCH corrected over 50%... and now we find ourselves at a KEY level of support - the previous ATH and .61 fib level.
This is a very strong support for 1INCH and you can buy it at half price compared to early Feb when it was $6.
For this reason, I think long opportunities here (around $3) are a good bet. Falling under this support would mean both ETH and BTC...
Due to the fact that it is in a downward channel, it should fall to near the bottom of the channel, and then we expect it to move towards the top of the channel, which, of course, depends on the continuation of the bitcoin trend, and you should monitor
1INCH has painted a very clear consolidation in this channel which I expect to break-up at some point.
The indicators are turning bullish on 4h and if this moves to daily, then I see us gather enough momentum to push beyond this resistance.
Volume is also looking healthy here, so this move has legs, question is will we be rejected at resistance and we need to...
ANALYSIS 🔎
- This analysis is a price action prediction on 1INCHUSDT.
- This analysis comprises of two setups.
FIRST SETUP (RETRACEMENT)
- The retracement
- 1INCHUSDT hit an ATH and is on verge of a short term retracement.
- The market is consolidating in a rectangular pattern.
- This rectangular consolidation pattern is known as the distribution phase...
