INJ : M-Pattern, BEARISH

27 באפר׳ 2024

📉Hi Traders, Investors and Speculators of Charts📈

IF we fail to keep closing daily candles ABOVE $18, the price target could go as low as $10, even if it is just a wick. Buying orders between 10-18 could very well be filled.


From a technical indicator perspective, we've received a sell signal; which is normally very reliable in the higher timeframes.

Losing the dash-diagonal trendline (white) will also be an extremely bearish sign.
Considering that this is the weekly timeframe, it may take some time for the price to move towards the lower support zones, depending of course on how hard the alt-market continues to dump.

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CryptoCheck

INJUSDT.P

27 באפר׳ 2024

הערה

Bearish M-Pattern, as often observed on XRP, will likely take us much lower:

27 באפר׳ 2024

הערה

INJ "SELL" signal from the technical indicator:

28 באפר׳ 2024

הערה

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