Today, our attention was attracted by the trading pair 1inchusdt. Namely, its abnormal daily trading volume for yesterday and its price growth up by +100% from $3.90 to $7.73.
Please write in your comments, what do you think could cause such a rapid rise?
However, yesterday's rise of 1inchusd stopped just before the mark of the ATH If we look at the whole trading history of the pair 1inchusdt, we can suppose that now can start forming the "handle" of the "Cup & Handle" pattern might begin. The "Cup with a handle" pattern is shown schematically, i.e., it is not certain that the "handle" will be forming that long. However, we consider the area of $3.50-4.00 to be good for the medium and long term long position buying.
Well, if the buyers will not allow the price of 1inch to fall below $3.50, a strong growth may begin. The growth targets are $10 to start with, and globally $23-33. By the way, these targets have not changed since we published our previous idea back in March 2021. _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
1inch has been listed on the Korean exchange Upbit yesterday. That's the reason of the 100% increase in a day. When coins like this gets listed they usually jump high but it doesn't last long...
P_S_trade
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@Feds86, Thank you for your comment, so it was a one-time action