INJ Macro Outlook 100x Mover?INJ is another asset that when price reached a bottom in December pumped abnormally hard compared to its peers. Average bounce off the bottom has been 100-300% aside from a few outliers and INJ at 730% is certainly one of them.
This is a weekly chart and looking at the wave trend oscillator the weekly is deep and attempting to confirm this week and money flow is rising. IF IF IF the general crypto market pushes up as a whole expectation is this and many others will follow.
The reason for a macro out look on INJ is the abnormally high bounce it has had since bottom as the assets that bounce the hardest are signaling they have been noticed and buyers are participating more than the rest.
For targets there is another chart attached for local swing trades and this more to highlight the macro environment created by the past buying and selling behaviors and possible expectations farther out into the future.
One concerning thing on the weekly is since its pump price has not pulled back as far as it did with its peers. This could also be considered extremely bullish IF the market pushes up as a whole but also leaves the question of is truly ready at the current levels.
Taking a measured move from the last macro low would put price at the all time high approximately 270% higher than the current price.
If we acknowledge the potential reverse head and shoulders pattern target would be another 1300% higher and putting INJ in the 100x club or at least near too it. Happens.....
Trade Well.....
There will be a video explanation available later today of this macro chart along with CFX. Seek and ye shall find....
