$INJ Analysis
Let’s take a closer look at the structure INJ has been forming since the 2024 top.
What stands out to me is the remarkable consistency of the relief rallies during this entire downtrend.
Each major relief rally has been approximately the same size:
1st relief rally: +167%
2nd relief rally: +164%
3rd relief rally: +178%
So far, the market has repeatedly produced a large relief rally of roughly +160–180%, followed by another major bearish continuation and a new lower high.
Now, after the third major relief rally, INJ is once again consolidating.
If this fractal continues to repeat, I expect the current consolidation to eventually break to the downside and initiate the next major bearish leg.
$WLD $BTC
Let’s take a closer look at the structure INJ has been forming since the 2024 top.
What stands out to me is the remarkable consistency of the relief rallies during this entire downtrend.
Each major relief rally has been approximately the same size:
1st relief rally: +167%
2nd relief rally: +164%
3rd relief rally: +178%
So far, the market has repeatedly produced a large relief rally of roughly +160–180%, followed by another major bearish continuation and a new lower high.
Now, after the third major relief rally, INJ is once again consolidating.
If this fractal continues to repeat, I expect the current consolidation to eventually break to the downside and initiate the next major bearish leg.
$WLD $BTC
