Clear descending wedge on a weekly/daily structure, looking for a retest of previous resistance for entry. Break on trend line or 8 daily ema may mean a change of trend
My next trade idea for $INJ. Bounce at the 200MA (demand zone), strong community, still currently in accumulation. If lower low made, idea is invalid.
Clearly descending wedge seen on the daily chart, this is typically a predictable structure that will play out to the upside.
Given the fact bitcoin has left its slump, I have conviction this will play out successfully.
When the trend line breaks, altcoins will moon. 10,20-50x's.
Some of the catalysts will be the Ethereum ETF, NVIDIA/AI updates.
I project that AI will be the leading narrative for this bull run and the majority of the money will be made in November 2024 to May 2025
