Hello Traders!
The price of 1inch has tested the strong support level of $1.58. The RSI indicator on the daily timeframe shows that the asset is oversold.
It is possible to consider purchases in the range of $1.42 - $1.58, counting on the correction of the downward movement.
It is worth closing the position by a stop-loss if the price goes under the support level of $1.05.
The targets are Fibonacci levels:
$2,50
$2,83
$3,17
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
The price of 1inch has tested the strong support level of $1.58. The RSI indicator on the daily timeframe shows that the asset is oversold.
It is possible to consider purchases in the range of $1.42 - $1.58, counting on the correction of the downward movement.
It is worth closing the position by a stop-loss if the price goes under the support level of $1.05.
The targets are Fibonacci levels:
$2,50
$2,83
$3,17
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.