1inch
1INCH - Watch For First Impulse ⚡️After the massive impulse in the first half of 2021, we have been correcting ever since. We are approaching the bottom and price is making a really nice descending correction.
We are watching for the first impulse to break the red trendline to confirm that the bullish reversal has begun. We can see that we've also got divergence at play indicating a reversal is coming.
Trade Idea:
- Watch for the first bullish price action
- enter with stops below the lows
- Targets: 5.500, 7.500, 10, 12.500
Goodluck and as always, trade safe!
1INCH putting in a bottomI was gonna put a long position on this chart, but for a stop loss you guys can be reasonable. In terms of targets, I think the overhead diagonal resistance is one to watch but I think that price could very much sail through this resistance and to one of the overhead price action historical price resistance or fib level.
I know bitcoin is looking wobbly and we aren't sure if we are going to get another leg up from the recent up swing right away or not, but the 1INCH/BTC chart looks really good and looks like it has bottomed, and looks nice a flat, with a break to the upside on the 1hour chart with ichimoku.
🎯1INCH: 2 main targets for possible trade! Nice local short!1Inch continues its consolidation along with Bitcoin and the entire crypto market. After the local growth, you can see the weakness in the price of this alcoin, which we can take advantage of.
The key points on the chart:
at the test of the key level of $0.97 and the local trend line volumes decrease (example on the volume indicator). This indicates the absence of the buyer and the price can fall to the marked targets.
The main areas:
$0,99-1,01 - local resistance
$0,91-0,94 - local support, first and the main target for short trade . Below this area can be lot`s of long traders syop losses, so the shakeouts of this are is highly possible. In this way the big player accumulates long postition.
$0,77-0,80 - local support, second target with low possibility to happen, but this is the large value area on the horizontal volumes.
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Little 1INCH long.The weekend volume has me a bit meh, and should wait really for the lagging strand to close above price and cloud, but the longer it stays here in this range, the sweeter will be the pop.
Could trail stops and close position early if again lagging strand crosses price.
1INCH/BTC looking very similar which is good.
1INCH in coming days!1INCH/UAH Is in a Descending Parallel Channel. This Trading Pair Which is available on WHITEBIT Exchange Is gonna Be in a bearish with a Sideway Trend. So Right now The Price Is at the Bottom Of the Channel & We expect the Price to Rise right now. Not Only That The Price is at the Bottom Of the channel Is a Reason for It to Increase, There is also a Regular Bullish Divergence (+RD) On MACD which is another Clue That Tells Us about an Incoming Bullish Movement. The Price Right now Sits around 33, But It Should Reach 52 Pretty Easily which will Give 64% Profit.
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Thank you for seeing idea .
Have a nice day and Good luck
1INCH bullish divergence 1day+4hourNice to seen the combination of bullish divergence on the 1 day and the 4hr for 1INCH/UDST.
(With bitcoin itself putting in a 4hour divergence, could help it)
Decent price target might be around the top of this falling broadening wedge, will elaborate further below...
1INCH Falling Wedge1INCH on this daily timeframe has formed a lovely falling wedge
These more often than not break out bullishly to the upside
It seems price is already starting to creep in that direction
Yes it is also confirmed that this falling wedge is only 1INCH in length
$1INCH ready for the breakout?1INCH has been flirting with the $1.3 resistance level lately, which is an ultra strong level, which we can also identify judging from the huuuuge volume that has formed at that price
I'm really looking forward to its breakout to enter, if that happens
if this scenario is confirmed we can enter a long position targeting the previous resistance (and 0.382 fibonacci level) which would be at about $1.43
also I want to mention the fact that 1INCH has good fundamentals and that I'm trying to only post technical analysis of coins/tokens which have fundamentals good enough to be even invested in
what do you think about this idea? let me know in the comments! also please drop a like and follow me if you found this helpful in any way!