Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Cryptoknowmics 2022-04-28 14:30:07

1INCH Technical Analysis: Positive Beam Is Almost Invisible

Unfortunately, the March positive in the form of 1INCH price growth did not grow into a new trend. As we can see on the weekly chart, rapid growth and increased trading volumes are not yet an indicator of the strength of buyers. Especially if for almost a year before the 1INCH price fell steadily. For 4 weeks of March, buyers were able to raise the 1INCH price by 55%. Instead, sellers lowered the price before the start in the same 4 weeks and made twice as much effort. Therefore, nothing will stop sellers from continuing to fall to the critical mark of $1. This mark is the last chance for buyers to change the market situation. Below $1 in the 1INCH market, a long-term depression will begin and the search for a strong foundation to stop falling prices. Thus, a positive scenario for the cryptocurrency 1INCH is to stop the price near the $1 range and start a set of positions for growth in the form of consolidation. The beginning of a new growth trend can be considered the fact that the price is fixed above $1.3. As soon as buyers manage to break the mark of $1.3 and fix above it in the weekly timeframe, it will be a signal for conservative investors to buy 1INCH cryptocurrency with a target of $1.9. Technical Analysis Of 1INCH On The Daily Timeframe Analyzing the price movement of 1INCH on the daily timeframe, we can not yet find clues to the local po...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.