INJ Ready For A Move Back Up?
Crypto markets have had some time to cool off and most assets have formed what is HOPEFULLY reaccumulation ranges.
This is a daily chart for INJ. Price has pulled back to the macro trend line, broken structure to the upside, pulled back 50% and appears to be finding support following the momentum curve.
Potential Targets:
An ABC mearsured move target aligns perfectly with the golden pocket and value area low for a 25-30% increase.
There is also a reverse head and shoulders style range forming with a target of the value area high. Nice and proportional. Looks ready or awfully close if continuation is in the future.
Invalidation will be a brake and rejection off the trend line.
Trade Well....
Your Friend,
Degen
This is a daily chart for INJ. Price has pulled back to the macro trend line, broken structure to the upside, pulled back 50% and appears to be finding support following the momentum curve.
Potential Targets:
An ABC mearsured move target aligns perfectly with the golden pocket and value area low for a 25-30% increase.
There is also a reverse head and shoulders style range forming with a target of the value area high. Nice and proportional. Looks ready or awfully close if continuation is in the future.
Invalidation will be a brake and rejection off the trend line.
Trade Well....
Your Friend,
Degen
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