INJ - Full Bear Mode?I've been bullish on INJ until the M-Pattern formed - which has since taken us into a bearish correction. There is ONE zone that remains our final hope for a new ATH, but if we cannot hold this support then INJ is full on bearish for the immediate future.
Let's take a look at key zones for buying orders as well as the INJBTC chart for insights.
Here's an alt that is instead moving into accumulation as discussed in the video:
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BINANCE:INJUSDT BINANCE:INJBTC BINANCE:OPUSDT
Inj
🔔18k incoming? 🔔📈 Chart Analysis:
Quick update on the current slow sideways market
Recent Developments:
Small flag pattern on BTC break up would indicate 35k is next a break down would suggest that our mini bull run is over for now! BITSTAMP:BTCUSD KUCOIN:INJUSDT
INJ broke out of the flag and hit target 1 however showing very toppy signs with a double top in stage 3 that is still valid. it also is producing a small flag patten so if we break out of that it is likely that my topping theory will be invalidated!
🔔 Risk Management:
It's imperative to tailor your position size in accordance with your risk appetite. Employ astute risk management tactics, such as trailing stop losses, to safeguard your profits as the price advances in your favor.
⚠️ Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
Massive resistance ahead! 18k or 35k where next? Chart Analysis:
Recent Developments:
The chart has recently exhibited a classic 'Cup and Handle' pattern which broke out and evolved splendidly. Following this, there was a pullback to the breakout level, which culminated in an impeccable falling wedge, as we had anticipated in our preceding video. Subsequently, there was a remarkable breakout, and we successfully reached our initial target - the apex of the falling wedge. This has brought us face-to-face with the most formidable resistance encountered since the inception of the bear market. Will we break through? Only time will tell.
What Lies Ahead?
At this very moment, the chart is forming yet another colossal 'Cup and Handle' pattern, and we are teetering on the brink of a breakout. Should this breakout materialize, we can anticipate a continuation of the upward trend until any signs of faltering. It's crucial to remain vigilant for indications of potential reversals. Conversely, if this attempt is unsuccessful, the chart could potentially plummet to the 18k level before the halving. It's advisable to proceed with caution and employ stop losses.
Risk Management:
It's imperative to tailor your position size in accordance with your risk appetite. Employ astute risk management tactics, such as trailing stop losses, to safeguard your profits as the price advances in your favor.
Disclaimer:
Please note that this analysis is intended solely for educational purposes and must not be construed as financial advice. It's of paramount importance to undertake your own due diligence and seek counsel from a financial advisor prior to making any trading decisions. BITSTAMP:BTCUSD BITSTAMP:ETHUSD BITSTAMP:BCHUSD KUCOIN:INJUSDT
INJUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price is stuck between the resistance and support zones. We can set the Buy order at the shown area for the resistance zone. The price can also come to the bottom of the support zone and then go up. Also you can open another position if the price breaks the resistance zone and stabilizes above it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck