INJUSDT
Just some charting I've been doing for INJ while anticipating a new ATH and we broke through upper resistance level today.
Will have to wait for few daily candle closes to see where it will find strong support.
It's been pumping very nicely and recently shown lots of bullish uptrend.
We can expect some major pullback very soon as well (profit taking) and dip down 1 or 2 lower support levels (good entry/accumulate zones- guys don't be too greedy with position size).
It seems it will continue in a upward trend building volume & support along the way. As you can see, trend lines are flowing perfectly. R/S lines are matching FIB lines really well.
We've reached a new ATH today and from my charting, it seems we're going for a higher ATH very soon, maybe couple of hours or days.
I would Target ~$2.10-$2.20 as a safe new ATH where 3 trend lines intersect. Good for profit taking before any pullbacks. I do foresee lots of resistance there and lots of profit taking leading to a big dip then consolidating and starting to climb back up to upper FIB lines.
Let me know what you guys think, feedback and support is always appreciated.
Happy Trading.
Thanks.
Cheers 🥂
Comment:
successful projection by far. I took 50% profits at 2x, should've waited till 3x but my INJ holdings are risk free, essentially a moon bag. Safe method to return your initital investment and let it ride risk-free. At the basic level at least.