1INCH returned to the ever lasting channel that has been formed since back in February. We set a new ATH which proved to be a fakeout since price quickly returned back into the channel.
This is bearish.
What is most likely to happen is that 1INCH will re-test the support of this channel at around $3.5. Therefore, do not get excited to buy at this time, this is...
our last setup destroy like hell :D but there is a good chance for bounce from here purple line is important for us!
Goodluck guys :D
Note: This Chart does not provide financial advice.You can use the information from the Chart to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is...
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Do you smell it?
can be nice for spot with tight SL good luck guys!
Note: This Chart does not provide financial advice.You can use the information from the Chart to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
1INCH / USDT
After long accumulation in the range between 3$-5$ for more than 3 months !
1INCH finally successed to break gaint accumulation channel today
I advised my members multiple times to accumulate 1INCH in range 3$-5$
And my last buy signal for 1inch was yesterday when it was trading around 5.5$
What next ?
we need fixation / stability above the...
1INCH is trying to break the resistance right now.
But after a very small and short correction it will pump back up to the Target I've shown on the chart.
There are a few support areas which will hold the price in case of a crash.
Open your long positions after the closure and confirmation of the first 4H candle above the resistance area.
If you're into opening...
1INCH has been inching along so far. Still hasn't been able to break out and really make a move above it's previous ATH.
Possibly moving up within this parallel channel.
There was a greater downward resistance line that it seems to have broken above as well.
Could this be the calm before the storm?
Given how long it's been consolidating for there's potential...
There is a lot of accumulation is going on in 1INCH. 1INCH is the competitor of UniSwap and UNI has a $20 Billion market cap coin while 1INCH only has an $880 Million market cap. 1INCH will be on the top 50 coins list sooner or later. Binance is one of the biggest investors in 1INCH and we see a huge rally in 1INCH after the range breakout. This is a 2x-5x...
#1inch is tightening around the resistance, this is usually a sign that it will break it (bullish triangle).
To avoid being trapped in a fake-out, my plan here for a low risk / high reward trade is to wait for confirmation, then long for 25% to 30% profit which should come fairly quickly once support is confirmed.
I really like 1inch here for a solid 20% potential and higher.
This current flag is develping well and looks ready for a breakout as the market is very bullish today.
Short target of $7.
Stop out $5
R:R = 3/1 ($1.50 vs $0.50)
Leave a comment below if you agree or disagree.