INJ Analysis:
Injective (INJ) is nearing the completion of a right shoulder in a potential chart pattern, with a double bottom forming below, indicating a strong liquidity level. There’s also a high-probability demand zone right after that liquidity level, so i can expect that institucional buyers are looking for that levels for an entry to start the next big leg up.
Short term Sell idea with target ending in a Long term buying idea.
BTC Outlook & Altcoin Impact:
I expect Bitcoin (BTC) to climb to around $96,000 before its next major upward move. If this happens, it supports the idea that some altcoins, like INJ, may dip to capture untapped liquidity at lower levels before rallying.
Injective (INJ) is nearing the completion of a right shoulder in a potential chart pattern, with a double bottom forming below, indicating a strong liquidity level. There’s also a high-probability demand zone right after that liquidity level, so i can expect that institucional buyers are looking for that levels for an entry to start the next big leg up.
Short term Sell idea with target ending in a Long term buying idea.
BTC Outlook & Altcoin Impact:
I expect Bitcoin (BTC) to climb to around $96,000 before its next major upward move. If this happens, it supports the idea that some altcoins, like INJ, may dip to capture untapped liquidity at lower levels before rallying.
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.