Alikze »» INJ | Bullish Diamond Pattern - 1D
🔍 Technical analysis: Bullish Diamond Pattern on Daily Timeframe, Sideway Price Movement
📣
INJUSDT In the analysis presented in the 12-hour timeframe, it was noted that the INJ currency is moving in an ascending channel.
🟢 After reaching the $25 area, the price corrected, which extended to the green box area, and then in the green box area, with demand, the price advanced to the supply area.
🟢 Currently, in the daily timeframe, the price corrected with a zigzag correction to the Fibonacci 1.618 area after reaching the supply area and the ceiling of the ascending channel.
💎 After that, the price had a sideways movement and has now formed an ascending diamond pattern.
💎 Therefore, we expect the price to continue its growth again in accordance with the movement path to the supply area before the $35 area.
🔔It should also be noted that if the price breaks the Fibonacci 1.618 area, the bullish scenario will be invalid and must be reviewed and updated again.
»»»«««»»»«««»»»«««
Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future.
Thanks for your continued support.🙏
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
📣
INJUSDT In the analysis presented in the 12-hour timeframe, it was noted that the INJ currency is moving in an ascending channel.🟢 After reaching the $25 area, the price corrected, which extended to the green box area, and then in the green box area, with demand, the price advanced to the supply area.
🟢 Currently, in the daily timeframe, the price corrected with a zigzag correction to the Fibonacci 1.618 area after reaching the supply area and the ceiling of the ascending channel.
💎 After that, the price had a sideways movement and has now formed an ascending diamond pattern.
💎 Therefore, we expect the price to continue its growth again in accordance with the movement path to the supply area before the $35 area.
🔔It should also be noted that if the price breaks the Fibonacci 1.618 area, the bullish scenario will be invalid and must be reviewed and updated again.
»»»«««»»»«««»»»«««
Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future.
Thanks for your continued support.🙏
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
Related publications
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.