Analysis: 
INIT’s momentum is fading, with the price slipping below $0.85 and the 1H Bollinger Bands contracting, signaling low volatility before a drop. The ADX is weakening (20), showing no trend strength. Short at $0.84, targeting $0.79, with a stop-loss at $0.86.
Key Levels: Resistance: $0.85, $0.86 | Support: $0.79, $0.75
Indicators: Bollinger Bands (Contracting), ADX (20)
INIT’s momentum is fading, with the price slipping below $0.85 and the 1H Bollinger Bands contracting, signaling low volatility before a drop. The ADX is weakening (20), showing no trend strength. Short at $0.84, targeting $0.79, with a stop-loss at $0.86.Key Levels: Resistance: $0.85, $0.86 | Support: $0.79, $0.75
Indicators: Bollinger Bands (Contracting), ADX (20)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.