Evening Traders,
Today’s analysis – 1INCHUSDT- trading in a Price Action range where a break will be imminent,
Points to consider,
- Price Action Rotation
- Range Low Support
- Range High Resistance
- Extension Targets
- RSI Neutral
1INCHUSDT’s immediate price action is in the midst of rotation between key boundaries, a break above range higher will allow for a bullish bias.
The range low is current support, testing this region must hold, allowing for a long entry.
The current objectives are the Fibonacci extension target, these levels are short to mid-term targets.
Current RSI is neutral, reaming in their bullish control zone is indicative of strength.
Overall, in my opinion, 1INCHUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee
Today’s analysis – 1INCHUSDT- trading in a Price Action range where a break will be imminent,
Points to consider,
- Price Action Rotation
- Range Low Support
- Range High Resistance
- Extension Targets
- RSI Neutral
1INCHUSDT’s immediate price action is in the midst of rotation between key boundaries, a break above range higher will allow for a bullish bias.
The range low is current support, testing this region must hold, allowing for a long entry.
The current objectives are the Fibonacci extension target, these levels are short to mid-term targets.
Current RSI is neutral, reaming in their bullish control zone is indicative of strength.
Overall, in my opinion, 1INCHUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.