INJUSD Two sell signals for low risk profits.

2023年12月18日

Injective (INJUSD) is rising aggressively within a 1-year Channel Up, currently on its 2nd Bullish Leg of the pattern, supported by both a Higher Lows (dashed) trend-line and the 1D MA50 (blue trend-line).

We expect it to peak on the Channel's top (Higher Highs trend-line) where we will short it, targeting 30.000. If however it breaks below the Higher Lows trend-line earlier, we will sell the break-out and target a potential contact with the 1D MA200 (orange trend-line) at 16.000.

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