Injective Protocol (INJ) After Strong Bullish Action

10 בדצמ׳ 2020

Let me start by saying that we don't ever, ever trade this type of chart... We only look at charts for trading that are very low risk and BEFORE the bullish action starts.

Here we have INJBTC (Injective Protocol) after really strong bullish action.

Right now resistance is being faced at the 1.618 Fib. Extension level marked with a red dashed-line.

Above this level, we can see additional up (green arrow).
Below this level, we can see a retrace before prices continue to grow.

This project looks really good.
Additional details on the chart (support and resistance levels mapped with Fibs.).

Remember to hit LIKE!

Namaste.