INJ is another crypto project that seen massive interest and price rise straight out of the bear market.
Now we see it has completed a very typical retrace pattern and percentage. Since reaching its all time high it has completed a standard ABC retrace of 50% of its low.
Current Trading Plan:
Re-accumulate and look for another major rise in price. Risk at this stage in the cycle is much higher as we are not at a bear market low. We are at a 50% retrace of that low.
Targets will be a 1/3-50% retrace back to the all time high and look for continuation for a much larger second run is the rest of the market show signs of recovery this summer.
Now we see it has completed a very typical retrace pattern and percentage. Since reaching its all time high it has completed a standard ABC retrace of 50% of its low.
Current Trading Plan:
Re-accumulate and look for another major rise in price. Risk at this stage in the cycle is much higher as we are not at a bear market low. We are at a 50% retrace of that low.
Targets will be a 1/3-50% retrace back to the all time high and look for continuation for a much larger second run is the rest of the market show signs of recovery this summer.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.