✴️ Injective Protocol Ultra-Bullish (Name Your Altcoin)
Updated
Injective (INJUSDT) hit bottom together with the rest of the Cryptocurrency market, around June 2022.
A double bottom/higher low happened December 2022 and that's it... The rest is all green.
The main chart here is based on the weekly timeframe (long-term) and we are witnessing bullish consolidation before the next jump.
Bullish consolidation because we have 100% sideways, no new lows.
INJUSDT is trading above EMA21, EMA50, bullish MACD & RSI, all looking great.
While the consolidation happens volume goes down...
When the consolidation is over volume will start to grow again.
Look at this daily chart:
See how INJUSDT has been trading above MA200 since January 2023... This is as bullish as it can get.
As long as this chart structure holds, we expect higher prices... This chart is only saying up.
I mapped some targets for you (green) as well as the main support (gray).
Enjoy your weekend.
Fireworks 28-October.
Thank you for reading.
Namaste.
A double bottom/higher low happened December 2022 and that's it... The rest is all green.
The main chart here is based on the weekly timeframe (long-term) and we are witnessing bullish consolidation before the next jump.
Bullish consolidation because we have 100% sideways, no new lows.
INJUSDT is trading above EMA21, EMA50, bullish MACD & RSI, all looking great.
While the consolidation happens volume goes down...
When the consolidation is over volume will start to grow again.
Look at this daily chart:
See how INJUSDT has been trading above MA200 since January 2023... This is as bullish as it can get.
As long as this chart structure holds, we expect higher prices... This chart is only saying up.
I mapped some targets for you (green) as well as the main support (gray).
Enjoy your weekend.
Fireworks 28-October.
Thank you for reading.
Namaste.
Comment
INJ is growing in bullish momentum together with many Altcoins.So far we have 124%, since sharing, with additional growth still in the cards...
More is possible.
See the charts for the targets.
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