INJ Injective takes a breather?

Updated

It has run nicely since the lows with incredible strength. But surely a correction will be necessary at some point.

Here we have some fib confluences in the area as well as bearish divergences. Similarity to the previous occurance might lead to 40-50% correction before resuming uptrend.

Surely not adivice to short here. Rather buy if hits zone in given time period

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Hold my beer pls

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No financial advice, do your own research, don't be stupid

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lets keep an eye on those fib levels down there

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came down 30% off that high but the previous correction suggests this isnt over yet. do we do it like that?

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doing what it has already done?

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getting close, load up zones on the chart

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enroute

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lets ignore that wick down for a moment.. quiet same pattern huh?

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here we are at the expected end of correction - time wise

curious whats gonna happen

Trade closed: target reached

took a bit longer but target hit

NastyBeer

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