Like many other well-founded cryptoactives, 1Inch is another one that promises to pop the lid.
Again we have the "Cup and Handle" pattern, offering a good risk/return opportunity.
Upon breaking the cap, the first target could be at $7.5 with a 72% profit.
And the second target would be equal to the fulfillment of the first cup, which coincides with level 2 of the...
This is a strong look for 1INCH, breaking and closing through resistance around $4 on the daily chart, having completed an inverse (bullish) Head & Shoulders bottoming pattern. Could now see a move up to the $7 area over time.
$1INCH
10.23.21
0535H +8 SINGAPORE
ALERT: MARKED ENTRIES and EXITS FOR A SWING TRADE
HOW TO USE MY CHART
It is designed for SWING TRADES at the BOTTOM. I do not SHORT (in support of all the DUMB-MONEY traders like me.) Though you can still use it.
Created on a WEEKLY & DAILY Analysis of Dynamics of the Market.
LARGE BOXES are major pivots that will occur,...
1Inch is retesting new support at the 1.0% Fibonacci after a climb from the 3.74 preliminary I took on 10/19
*Professional Wyckoffian VSA crypto swing trader. I regularly seek out the most lucrative swings on all major crypto exchanges.
All my charts are clean, straightforward, and easy to follow. No junk, no needless indicators, just solid volume spread...
now in a face with very important resistance and if it can break successfully higher level of price is easy to reach and if not the support levels is the main host for price next movement..... all the possible trend draw
I'm more happy to see the long trend as we draw time analysis which can possibly be happened in next 7 days.
1Inch formed a symmetrical triangle on a daily timeframe. Not the best example. Today 1inch broke through the resistance. If we close the daily candle above the resistance this could be a very bullish sign. Target should be at around 7,60$
After finding a strong bottom around 2.25, 1inch has started its rise and managed to break above resistance.
At this point 2.8 zone is support and the road is clear to 4usd resistance
1Inch has netted 5.62% gains in under 24 hrs. This is since the preliminary entrance I took yesterday at 3.73. It's up nearly 7% overall in the past 4 hrs.
Prognosis: 1inch is strong and bullish, shooting up the Fibonacci ladder with resolve. I think it will come back to retest the .272 before resuming its climb.
*Professional Wyckoffian VSA crypto swing trader...
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1INCH is at the LPS of an accumulation range and approaching a potential markup. Use this chart to track its trajectory. This is not financial advice. Trade at your own risk.
I entered this swing at $3.62. My invalidation point is $3.44 with a target range between the 1.271 - 1.618 Fibonacci levels.
