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$INJ Analysis Update: Brace for Impact! đš
In the dynamic world of crypto charts, let's revisit
$INJ for some insights and potential moves.
đ Chart Dynamics Unveiled: Navigating the Correction!
As anticipated in my previous analyses,
$INJ seems poised for a healthy 35-50% correction. The first buyers are locking in profits, signaling a potential significant dip.
đč Top Formation Alert!
The current price is crafting a notable top on the higher timeframe (HTF).
đč Key Indicators Shouting Warning!
4 consecutive weekly closes below the $43.50 resistance.Weekly RSI signaling overbuy conditions.Already pumped a staggering 3500% since January 2023.Zooming in on the H2-H4 view reveals a potential "BART SIMPSON PATTERN."
đž Critical Support Zones:
Short to mid-term supports lie at
$34.00,
$30.00,
$28.00, and $25.50.
Long-term support, the buy-accumulation zone, spans $20.00, $16.800, $14.00, and $9.00.
đ Expert Opinion: What Lies Ahead?
If the 50% Fibonacci support around $25.50 fails to hold, brace for a retest at $17,500 or $15.00 before embarking on a new journey to an all-time high (ATH).
đž Cautionary Note: No FOMO Long Yet!
Hold off on FOMOing into long positions. A daily close above $42.00 could trigger a new buy signal. Avoid getting trapped in this range box.
đ€ Your Insights Matter!
What are your thoughts on
$INJ 's potential moves?
Share your opinions and let's foster a vibrant crypto dialogue! đŹđ
#CryptoTrading #TechnicalAnalysis #INJ #InjectiveProtocol #Injectiveđ„