#INJ $INJ Injective is currently bouncing from the bullish | Trisha Saha en Binance Square

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#INJ $INJ 
Injective is currently bouncing from the bullish flag formation on the weekly timeframe👨‍💻
A continued upward move could reach targets at $26.30, $33.00 and $50.00🎯 

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Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.

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Recently, I made a post about the bullish setup of $ADA . Structurally, nothing has changed as it's still bullish though, but it may take some more time to play out. Let’s look at this as objectively as possible. In the previous cycle, after breaking out of the accumulation zone, ADA experienced ca. 50% drop, retesting the previous major resistance as support for around two months. This cycle, ADA has shown strength by escaping the accumulation zone, but the correction has only been slightly above 40%. This suggests the possibility of further downside to around $0.66 (ca. 30% lower from here) before aiming for new highs - if history repeats. Nice confluence is that 1W RSI topped on similar levels as previously, but hasn't retested lower levels as it did in the past. While not necessary, this remains a possibility if the market pulls back further. I'm using ADA as an example because of the clarity of its structure, which hints at a potential 30% downside before moving higher. If this scenario unfolds, aggressive price action could be delayed by 1–2 months, potentially extending into Q2.

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Good morning everyone 👋🏻 We are back in the downtrend we broke in $ETH , so we are in the retest phase. We are also about to touch the lower band of the rising channel. So we have reached important supports 🔰 We are at the 3340 level, I expect a return from here. 🔶 Especially the 3324 support is important, we should not close below this level for 4 hours. If we do, the decline will deepen. We have not been and will not be among those who disappear during declines. Show that you are here too, do not read and pass ❤️

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