1INCH PERSONAL ANALYSIS IN THE LONG TERM
Diupdate
Chart shows common supports and resistances based on the price action and the Fibonacci. The total evaluation for the token is neutral-bearish. The coin itself has no established lower highs which means that the sentiment is not a confident long-term investment since buyers are no longer interested in making accumulation phases above the red zone. For each oversold indication in the Relative Strength Index, the retracement ends up in the strong support within the Red Zone and did not form any lower highs, but for every Overbought indication entails that people are interested to buy it IF the momentum keeps going further which, again, is a warning for a potential retracement.
The recommended strategy for the coin is to long it from designated buy orders using partial portfolios DURING a bull market (confirmed both in smaller and larger timeframes) and when the general market turned bearish, short it from the heavy resistance zone or the 0.618 FIB until to the consolidation range.
The recommended strategy for the coin is to long it from designated buy orders using partial portfolios DURING a bull market (confirmed both in smaller and larger timeframes) and when the general market turned bearish, short it from the heavy resistance zone or the 0.618 FIB until to the consolidation range.
Trade aktif
Due to the positive news of FED today, the move to the upside is more likely now than approaching the 1.75$ range however the resistance near the 5$ is still a major resistance until proven otherwise. Happy Longs Everyone!
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