$INJ at $7.54.
Remember when everyone wanted it at $40?
Now the hype is gone, the price has collapsed
and something interesting is forming on the weekly chart.
Higher lows. Tightening price action.
A potential breakout from a long accumulation structure.
Here's what I'm watching:
$16.52 - first major test
$35.15 - previous resistance
$52.93 - the big breakout level
Beyond that, my aggressive scenario extends toward $80+.
That's over 5,300% from the projected base on my chart.
Sounds ridiculous today.
But that's exactly how $INJ looked before its previous explosive rally.
The setup still needs confirmation, and losing the recent lows would weaken it.
I think $INJ could become one of the more interesting comeback stories if altcoin momentum returns.
The question is whether anyone has the patience to hold through the boring part.#BinancePick #EarningsSeason #USQ3GDPAndSeptemberPCEDueNextWeek
#SouthKoreaDelaysCryptoIncomeTax
Remember when everyone wanted it at $40?
Now the hype is gone, the price has collapsed
and something interesting is forming on the weekly chart.
Higher lows. Tightening price action.
A potential breakout from a long accumulation structure.
Here's what I'm watching:
$16.52 - first major test
$35.15 - previous resistance
$52.93 - the big breakout level
Beyond that, my aggressive scenario extends toward $80+.
That's over 5,300% from the projected base on my chart.
Sounds ridiculous today.
But that's exactly how $INJ looked before its previous explosive rally.
The setup still needs confirmation, and losing the recent lows would weaken it.
I think $INJ could become one of the more interesting comeback stories if altcoin momentum returns.
The question is whether anyone has the patience to hold through the boring part.#BinancePick #EarningsSeason #USQ3GDPAndSeptemberPCEDueNextWeek
#SouthKoreaDelaysCryptoIncomeTax
