1inch analysis here is the analysis for `inch usdt which is coming back to the channel if supports confirmed can rally upto 0.9$. TP1-0.75 TP2 - 0.9 NFA
💡Don't miss the great buy opportunity in 1INCHUSD @1inchNetwork
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.658). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. 1INCH/USDT is in a range bound and the beginning of uptrend is expected.
.T
Initiate LONG in 1INCHUSDT 1INCH-USDT likely to give a closing above 50DEMA
Can go long above 1.648 with a SL below support line of 1.518
Decent RR ratio available till the next resistance
The mantra should be to keep it simple
Disclaimer-This is not an investment/trading advice. Please do you due diligence before trading
1INCHUSDTMoving down in a parallel channel, volume increasing. Flipped 100ema and nearing 200ema, looking good for a breakout
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