INJ / TetherUSLong
INJ dipping perfectly into daily demand
INJ has rejected the .886 fib level and slumped back to local demand, this seems to be a fairly supportive structure. I marked two areas of historical importance with dashed greens. The recent green engulfing candle signals that the trend will likely reverse and the .886 may be taken soon. Volume is still high on average. I think we see a few days fighting for 15.84 and then we reach my second price target as a resistance with is closing on all-time-highs soon. These pullbacks are necessary to build structure and to wash out the short-term traders.
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.