Justification for 1inch; (1INCH/USDT analysis )❇️ (Rank #94 kind:Token - On 45,868 watchlists
Market Cap: $696,866,124 - Fully Diluted Market Cap: $7,021,914,744 - Volume 24h : $101,932,885 - Circulating Supply : 149,114,100 1INCH - total Supply: 1,500,000,000)
What Is 🌟1inch (1INCH) 🌟 ?
1inch is a decentralized exchange (DEX) aggregator, connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across all platforms. In order for a user to find the best price for a swap, they need to look at every exchange — DEX aggregators eliminate the need for manually checking, bringing efficiency to swapping on DEXs.
❇️Description
actualy 1INCH Token is a reward-based token that users can obtain by using 1inch products. The team is aiming to build a working decentralized and permissionless network operation where the token can be used:
👉to ensure a permissionless fashion of interaction with the protocols
👉to secure funds for further ecosystem development
👉to incentivize participation in potential governance of specific network functionalities
👉to stake for the network security
1inch in winter 2020 also launched Mooniswap, its own automated market maker (AMM).
In December 2020, 1inch launched its 1INCH governance token, and the 1inch Network began to be governed by a decentralized autonomous organization (DAO).
❇️Who Are the Founders of 1inch?
1inch was founded by Sergej Kunz and Anton Bukov over the course of the ETHNewYork hackathon in 2019. The two had earlier met during a live stream of Kunz’s YouTube channel (CryptoManiacs), and began entering hackathons together, winning a prize at a hackathon in Singapore as well as two major awards from Ethereum Global.
❇️What Makes 1inch Unique?
1inch is unique in that it provides instant governance for its users. This feature allows 1inch users to vote for specific protocol settings in the decentralized autonomous organization (DAO) model.
❇️refrences: coinmarketcap - coincodex. com
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✅TECHNICAL ANALYSIS
We do not have a specific technical analysis for 1inch/usdt because it has just joined the crypto market, but it may grow these days, also you can buy one step in the vicinity with a long-term view or near the support areas with more confidence and by seting up an appropriate stop-loss.
Although the Defi season hasn't started yet, I would like to inform the crypto community that they should prepare for the upcoming Defi season, because it will probably be very stormy, so at least keep it on your watch list.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
1inch
1Inch Exchange In Buy Territory With ATH Retest Within 2 WeeksBuy Zone: $4.50 - $4.80
My idea is that this will bounce around inside this $4.50 - $5.20 channel and once it breaks through this triangle then it's heading straight to $6.30 where it'll meet some resistance before eventually breaking through for new highs.
I'm bullish on all exchange coins right now and they will all pop off on their own time, but it will happen.
Seeing Coinbase valued at $100b means these DEXs are likely massively undervalued right now. Their demand will skyrocket with the update from ETH of the layer 2 solution and v2 of Uniswap will help the whole industry.
1inch is a superior product, in my opinion, and should have a market cap similar to SUSHI.
I'm not going to sell more than 50% at any point. I will try to play the ATH resistance to add some more coins though. It's all about coin accumulation for me when these pull back at expected points.
Decentralized Exchange (DEX) vs. Centralized Exchange (CEX) What is 1inch?
1inch is a decentralized exchange aggregator that sources liquidity among various exchanges and is capable of splitting a single trade transaction across multiple DEX’s.
Smart contract technology empowers this aggregator to enable users to optimize and customize their trades.
How is a decentralized exchange (DEX) different from a centralized exchange (CEX)?
Unlike CEXes, no central authority or third party is involved in the operation of a DEX. As a result, the user retains full control of their funds stored or traded on DEXes, which offers a higher degree of security than CEXes. While CEXes are believed to be faster and offer generally better user experience than DEXes, the latter have recently shown significant improvement in this area.
What you as a trader do need to know about 1inch future potential:
1inch is the leading DEX aggregator when it comes to quickness and providing good fees on the ethereum network. This project is currently sitting around 700mil mcap and is expected to be a worth 7 billion working project. You can do the math.
technical wise:
1inch did a bullish breakout on the daily bar chart recently and is currently in retest mode. Since I am very bullish on altcoins and DeFi, I wouldn’t be surprised to see 1inch leading DeFi round 2.
If you got any value out of my post from today. Leave a comment and a like to show me if I did a good job or not.
Cheers!
💡Don't miss the great buy opportunity in 1INCHUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (4.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. 1INCHUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 5.11
TP2= @ 5.48
TP3= @ 5.90
TP4= @ 6.33
TP5= @ 6.81
SL= Break below S2
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💡Don't miss the great buy opportunity in 1INCHUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (4.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. 1INCHUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 5.11
TP2= @ 5.48
TP3= @ 5.90
TP4= @ 6.33
TP5= @ 6.81
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
1INCH/USD analysprice has broken an important area so i think after a little rest and side range it can reach the targets which i set in diagram fo you an you can set youre SL under the area but not with shadow(wait for close under area).
be carefull if you enjoy plz follow for more simple daily idea like this.
1INCH 12h Global Idea, Support and Resistance LevelsIn the digest "Bitcoin weekend" №12 you asked to consider the trading pair 1INCHUSDT
Once you please, we see and do :)
First, check out how our previous idea 1INCHUSDT worked.
We are especially proud of the depicted level of $6.2984 and the absolute maximum of the price of 1INCH $6.33 after which a correction began.
Now the price is in correction, and since we rarely analyze this coin, we will write out several routes so that you can be guided by them:
1. Liquid zone $5.00-5.40 only after the price consolidates above, we can expect continued growth to the $10.50 area
2. If sellers protect the liquid zone of $5.00-5.40, then we can expect the price to fall to $2.80-3.00
Aggressive purchases in this area could trigger a global rise of up to $23
3. If the market situation will be bad, the price of 1INCHUSD may fall even lower at $2.10-2.30
However, the prospects of the altseason in this case will open a global goal of $33
While this idea was being written, the thought came to my mind that now 1INCHUSDT is similar to DOTUSDT a few months ago, compare.
What do you say, is there a similarity? Will there be such strong growth? Write about it in the comments.
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1INCHUSDT (1INCH) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- 1INCHUSDT is obeying the predicted price action from my previous analysis.
- Price hit an ATH and retraced for a retest of the ascending trendline support ( ATS ), flip horizontal support ( FHS ) and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- The retracement is resisted by the descending trendline resistance ( DTR ).
- Breakout above the this counter trendline could be a bullish signal.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance ( DTR ) and horizontal resistance level (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support ( ATS ) and the horizontal support level (S1).
🔥 1INCH Potential Horizontal Channel Break-Out1INCH has seen a very long consolidation period. It has lasted for more than 6 weeks now, severely underperforming other cryptos during this time frame.
This trade is based on the idea that 1INCH has a lot of lost gains to make up for, as well as a break-out of a horizontal channel.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!