INJ / TetherUSLong
Inj Re-Accumulating For Next Major Move Up?
After a sufficient pull back into the golden zone of around 62% on this weekly line chart we see big mover INJ has been losing down ward momentum into major volume base support.
Looking at our weekly lows we can see nice curvature showing momentum slowing to zero and our wave trend oscillator is right in the time period we should be looking for upward action.
The vertical lines are proportional dates using the gann box and following the momentum of our wave trend osclillator they both seem to be pointing to the same time periods. Hopefully that change is to the upside 150% higher.
First target area of $30-33 is a simple golden pocket retrace to the upside and approximately 35% higher than the current price.
Second target is $48 from the gann box. I removed the gann box to not over crowd.
Highest Target is a 150% expansion of the range. Using the Fib Retrace tool set from swing high around $45 and swing low around $17 this would be the 1.5-1.168 expansion area around $55.
The octave scale levels also algin very nicely on these weekly close prices with the top of the scale also reach in the $50-$60 area.
So with all that said there is a lot of confluence to indicate a high potential for upside. How much and how fast or any at all is unfortantely unknowable but all techncial forms of "edge" say go....at your own risk of course.
Trade Well...
Your Friend,
Degen
Looking at our weekly lows we can see nice curvature showing momentum slowing to zero and our wave trend oscillator is right in the time period we should be looking for upward action.
The vertical lines are proportional dates using the gann box and following the momentum of our wave trend osclillator they both seem to be pointing to the same time periods. Hopefully that change is to the upside 150% higher.
First target area of $30-33 is a simple golden pocket retrace to the upside and approximately 35% higher than the current price.
Second target is $48 from the gann box. I removed the gann box to not over crowd.
Highest Target is a 150% expansion of the range. Using the Fib Retrace tool set from swing high around $45 and swing low around $17 this would be the 1.5-1.168 expansion area around $55.
The octave scale levels also algin very nicely on these weekly close prices with the top of the scale also reach in the $50-$60 area.
So with all that said there is a lot of confluence to indicate a high potential for upside. How much and how fast or any at all is unfortantely unknowable but all techncial forms of "edge" say go....at your own risk of course.
Trade Well...
Your Friend,
Degen
Note
Video Explanation and Brake Down of Chart
youtube.com/watch?v=JlE8KN_PlSw
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