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
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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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