1INCH: VOLTALITE

As evident on the chart, there is a pattern of an expanding triangle. It is worth noting that, in the case of 1INCH/BTC, the level at 0.00001 holds significant importance. The price action around this level suggests that the uptrend is being maintained, and we anticipate an increase in volatility.

Analysis:

The expanding triangle formation indicates a period of increased price volatility as the range between the high and low narrows, ultimately leading to a breakout. In this case, the level at 0.00001 has acted as a key support level, with multiple touches and rebounds, reinforcing its significance.

The ongoing uptrend in 1INCH/BTC shows resilience, with the price consistently testing and holding above this level. While it's important to exercise caution in all trading scenarios, the bullish momentum and the tightening price range suggest that the market is preparing for a significant move.

Traders and investors should monitor this level closely, as a decisive breakout above or below 0.00001 may indicate the direction of the next major price movement. Additionally, increased volatility can offer potential trading opportunities, but risk management remains paramount.

Keep a watchful eye on this market for potential trading opportunities and be prepared to act upon a confirmed breakout from the expanding triangle pattern.

Please note that trading involves risks, and it's essential to conduct thorough research and use appropriate risk management strategies when making trading decisions.

Nota

Don't expect a rise for a while

Trade attivo

Buying Zone
Target Price: 0.44
Stop-Loss: 0.32

Trade chiuso: obiettivo raggiunto

TAKE PROFIT ZONE

Nota

RESISTANCE LEVELS:
0.46
0.49
0.57
SUPPORT LEVELS:
0.44
0.42
0.40

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