1INCHUSDT.P trade ideas
1 INCH. At the moment 1inch is performing a beautiful falling wedge running into support, a breakout of the falling wedge could result in 20% profit in the short term.
I believe that 1INCH has a lot of work to do before we see a complete double bottom.
I could imagine a breakout and then a retest of this same level putting in a last double bottom, givin us a bigger measured move, before the real big take off. - well how knows? but I see 20% profit potential in the short term.
Watch for a breakout here.
1INCHUSDT is testing the resistance 🦐The price retest the 0.618 Fibonacci level after a bounce from the daily support on 0.6$
Now the price is testing the 4h resistance and the market is trying to have a breakout
How to approach it?
IF the price is going to have a breakout and retest the resistance as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
1INCH broke out ready to fly#1INCH/USDT
$1INCH broke out from daily descending trend line and is in pullback to broken line, also it is rejected from lower line of ascending channel.
🐮 holding above ascending support will increase price to resistance around $0.78 and maybe upper line of channel.
if price touch the upper line of channel it is another break out and price can continue its upward move toward resistance zone around $1.1.
🐻 break down from ascending support can drop price to liquidity zone around $0.5
Resistance on the negative line of a dailyAccording to the movement history and the patterns I have found, I can assure that it will start an upward movement from the box area, I do not recommend placing an order, enter only by using the alarm and receiving the long signal.
If you enter with a maximum leverage of 20, you can activate your order in advance in order not to miss the opportunity.
A good chance, over 172% profitableOn weekly chart,
BINANCE:1INCHUSDT has touched a support and bounce back.
Right now, it's trading at 0.73
Besides, it's broken out Descending Channel. This signal is good for bullish.
Resistance of mid-term at 2.0
On 2H TF, we can join the race when it's testing.
Let's wait and see.
Cup And Handle Potential BreakoutSof far a breakout but no backtest, gold pocket retracement with very low volume with a nice decline. Falling wedge breakout as the Daily stochastic RSI is pushing up as well as the 4hr. Perhaps wait until the 1-hour stochastic rsi gets oversold as its overbought in the shorter-term time frame. The 4-hour time frame also has bullish divergence and is somewhat close to the 200 EMA. MACD about to cross bullish on daily time frame.