$INJ 1W update I admit that I didn’t expect it to

Question

$INJ 1W update I admit that I didn’t expect it to

go above $13.

$13 -> $19 was overkill imo. Anyway, let’s take a look at $INJ one more time.

We closed the weekly and what did we get? A LOWER high on the RSI. Classic Bearish Divergence confirmed. (1)

It’s the first time in the history of this asset we have a confirmed bear div on the weekly timeframe. 🤫

(2) Yeah, it was a good pump but where’s the volume?
We have a volume divergence as well.

(3) EW perspective: $INJ is in the final 5th wave. Now we should be looking for a healthy ABC correction. I think the correction should take us below $7.

This is my view. I'm not telling you to go short or convincing you to sell.
Even if I think $INJ is done, it still can irrationally go higher (not much higher though).

I’m just sharing my opinion and trying to find a good entry for the long term. I don’t care if I buy higher than I could 6 months ago, because for me it’s not about where to buy, it’s about WHY to buy. 💡

#cryptocurrency #english #injective

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23.11.2023

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Stefan A · Accepted Answer

Stefan A

Hey! Please re-direct this to trading group channel, not here

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12 месяцев назад

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$INJ 1W update I admit that I didn’t expect it to

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