Brief Analysis ——1INCH
At 10:00am Jul.17 local time, ETHCC, the largest annual Ethereum community conference in Europe, was held in Paris. The conference will last for four days. Some classic protocols will bring new mechanisms, new plans and new routes. Today we will share 3 project tokens participating in ETHCC, UNI, 1INCH and CRV. Prepare for the possible pump.
1inch did not repair the losses caused by FUD of SEC before last weekend. It maintain bearish on a large scale. Since Saturday, bulls has strengthened rapidly, the green candle has become longer, and the trading volume has increased. Trading volume pimped significantly on Monday, with an crazy increase of nearly 150%. But eventually the price dumped quickly, forming a red candle with a very, very long upward pin-bar. At present, the price continues to fall. It seems that a V-reversal has been formed.
Conclusion: Mostly falling. It’s bearish on a large scale. The upward pin-bar is too long and the trading volume is too high. Money comes in and goes out. We set resistance level at 0.5 and support level at 0.35.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
1inch did not repair the losses caused by FUD of SEC before last weekend. It maintain bearish on a large scale. Since Saturday, bulls has strengthened rapidly, the green candle has become longer, and the trading volume has increased. Trading volume pimped significantly on Monday, with an crazy increase of nearly 150%. But eventually the price dumped quickly, forming a red candle with a very, very long upward pin-bar. At present, the price continues to fall. It seems that a V-reversal has been formed.
Conclusion: Mostly falling. It’s bearish on a large scale. The upward pin-bar is too long and the trading volume is too high. Money comes in and goes out. We set resistance level at 0.5 and support level at 0.35.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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