Injective correction zone before continuationBINANCE:INJUSDT
Injective one of the main leader on this market. Watch potential zone for correction
before continuation
Possible Targets and explanation idea
➡️Weekly timeframe. Take a look on FOMO zones and size in 2021 and 2023-24
➡️Congrats everyone who accumulated inside 27 zone on W timeframe
➡️INJ almost without corrections move Impulse/sideways/impulse to new ATH
➡️After rejection at 1.618 lvl would be good to see test M fvg around 25$
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Injshort
INJ : M-Pattern, BEARISH📉Hi Traders, Investors and Speculators of Charts📈
IF we fail to keep closing daily candles ABOVE $18, the price target could go as low as $10, even if it is just a wick. Buying orders between 10-18 could very well be filled.
From a technical indicator perspective, we've received a sell signal; which is normally very reliable in the higher timeframes.
Losing the dash-diagonal trendline (white) will also be an extremely bearish sign.
Considering that this is the weekly timeframe, it may take some time for the price to move towards the lower support zones, depending of course on how hard the alt-market continues to dump.
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BINANCE:INJUSDT.P
INJ pullback soon INJ over 900% without corrections. I think soon we will see health pullback BINANCE:INJUSDT
Possible Targets and explanation idea
➡️Market Mood indicator we are at Sep 2021 level sentiment. Late longs will be liquidated
➡️0.5 - 0.62 lvls fib can be a fix profit zone before correction
➡️Inside this zone we got liquidity stop losses from September 2021
➡️Based Money power indicator whales start take a profit
➡️Healthy correction can be even to 5-6$ My previous idea 2.5 Monthly fvg probably invalidated for this current moment but will be like a main zone for next bear market
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#INJUSD - Potential for Massive Short. 25% - 40%#INJ has been performing outstandingly well for our Crypto Tipster v2 Signal Generator recently, providing us with massive profit over and over again!
We've now got a Sell signal come through with the price rejected by an upper trend line and some large gaps to fall through on the underside.
Looks like a drop of 25% is likely, 40% is possible.
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INJ/USDTINJ one of the stronger alts today but still think it's going much lower.
I can see a Double Top forming on HTF just needs a confirmation below $3.
In this LTF trade I'm waiting for price to go under $3.61 again, that would be a deviation of the LTF Mid Range and my trigger to short it.
First target is Range Low at $3. That is a big level for INJ. After that Goblin town.
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Short INJ vs USDTINJ is looking like it's forming a Double top pattern here on a Higher time frame chart.
The Double top will be confirmed if it turns $3 from support to resistance and that will be my 1st Target, 2nd Target Mid Range.
I'm not rulling out a one more push into the 4H block so I'm slowly scaling in, wrong if we see acceptence above $3.75.
As I said before, all bounces are for shorting until proven otheriwise.
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