INJ / TetherUSLong
$INJ update: uptrend until resistance at $27-$28
Updated
So far, my 
INJ forecast has been accurate—you can check my previous analysis. Let’s continue.
We are currently in an uptrend. On the 1W chart, both the MACD and RSI have bottomed, signaling a weekly push that should moveINJ up along the uptrend channel shown in this chart. The MACD and RSI are aligned, so once we break through the bearish divergence, the uptrend should continue. If you follow my other updates on 
BTC and 
TOTAL3, everything seems to align positively for October.
Of course, geopolitical events, like Russia deciding to nuke Israel or Israel attacking Lebanon or Iran, could act as a black swan event and invalidate this idea.
For now, I don’t think it’s time to sell; rather, it’s a time to accumulate. The $27-$28 resistance level is more concerning, and we might face a rejection there. However, that’s a different scenario, and I’ll provide another update when we approach that stage.
INJ forecast has been accurate—you can check my previous analysis. Let’s continue.We are currently in an uptrend. On the 1W chart, both the MACD and RSI have bottomed, signaling a weekly push that should move
INJ up along the uptrend channel shown in this chart. The MACD and RSI are aligned, so once we break through the bearish divergence, the uptrend should continue. If you follow my other updates on BTC and TOTAL3, everything seems to align positively for October.Of course, geopolitical events, like Russia deciding to nuke Israel or Israel attacking Lebanon or Iran, could act as a black swan event and invalidate this idea.
For now, I don’t think it’s time to sell; rather, it’s a time to accumulate. The $27-$28 resistance level is more concerning, and we might face a rejection there. However, that’s a different scenario, and I’ll provide another update when we approach that stage.
Note
This idea once again was accurate, so far all the support lines are working as expected and we are still in this raising channel. The key resistance is at $24.
As you can see in this updated chart, the MACD has crossed as expected and we are heading to a push up on the daily timeframe which will work until we reach the resistance.
In case of rejection, check out the support for a rebond.
We are heading higher.
Note
INJ's strength has been disappointing. With BTC at 69k, INJ should have surged to $27.
The listing on Upbit caused a brief pump to $24, but as is often the case with this exchange, it was followed by a dump. This is exactly what happened. As a result, the MACD and stochastic indicators turned bearish. Now, as you can see in the updated chart, we are back in a consolidation phase.
This pump-and-dump event liquidated many leveraged traders, and we are now in a reset phase.
There are two possible scenarios:
1. Since the MACD and RSI are in bearish territory, we could see a short-term bullish pump of around 25%.
2. Alternatively, if we see a capitulation below $18, it could push the RSI into the buy zone. Historically, when this happens,
INJ tends to react with a +50% surge.
Right now, the support line is still working and I expect a bounce to the upside.
In either case,
INJ is lagging and struggling to break free from its prolonged downtrend consolidation.
Order cancelled
Idea is invalidated.
A dump of 11% has destroyed the momentum.
The raising wedge has been broken to the downside.
I will do a new idea once the mess is stabilized.
Note
New update here: 
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