1INCHUSDT trade ideas
1Inch preparing to fallIn the chart, 1Inch is following a channel pattern and now it is at top of the channel, so in coming days it's going down.
1Inch hourly updateIt needs to close above trend line if it does entry can be taken for short target above that trailing stoploss would work
1inch symmetrical triangle1inch had a symmetrical triangle breakout. Enter on pullback, but not sure about though since it was on sleep for long, bulls may push it higher.
💡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 63.
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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Wait for Breakout1inch has been trading below the resistance line for quite some days and very close to a breakout.
Keep an eye on BTC charts to be on the safe side.
💡 Don't miss the great buy opportunity in 1INCH/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (4.55). 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.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 5.12
TP2= @ 5.45
TP3= @ 5.85
TP4= @ 6.30
TP5= @ 6.77
TP6= @ 7.35
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 do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
