$INJ update: still in a raising pattern

26 thg 10, 2024

Following this weekend’s mini crash when Israel targeted Iran, creating uncertainty and pushing BTC dominance up to 60%, most altcoins experienced another pullback. The TOTAL3 index (alts excluding ETH and BTC) has dropped to $500B, impacting the broader altcoin market.

INJ has not performed well, mainly because many early investors who bought at $2 are now gradually taking profits after a 10x gain, creating ongoing selling pressure.

Despite this, INJ continues to build partnerships (most recently with FETCH) and expand listings (such as Upbit), showing sustained investor interest. However, selling pressure has been counterproductive, limiting INJ's ability to rally significantly.

The chart indicates a rising wedge channel, with new support levels forming and higher lows, signaling a shift towards bullish control.

INJ appears ready for an explosive move as profit-taking subsides and new investors hold. The support and resistance levels on the chart will be monitored, with updates as the market unfolds.

28 thg 10, 2024

Ghi chú

Pretty accurate so far. INJ is a solid altcoin that is catching up with BTC
INJ is following the indicators quite accurately.
BTC.D dominance is going parabolic with a 60% BTC dominance, and of course this is impacting the altcoins negatively.
However it is just a matter of time until this situation turns in favor of altcoins, BTC dominance never passed 70% so we are close to the historic top.
This is an updated chart for you to study.

30 thg 10, 2024

Ghi chú

You know that INJ is one of my best investment for this altseason.
The fact it had a massive correction is a good sign, it is ready to reverse and pump hard.
- INJ has low inflation (<10% APR)
- INJ has low marketcap of 2B for a huge ecosystem. It can pump x10 from here.
- INJ FDV is almost equal to its valuation, so if it pumps, it will pump really hard.

The pump may start as soon as the election results are published and Trump wins.

3 thg 11, 2024

Đã hủy lệnh

We got to $24 and now $16. It is awful. No other words. This idea was partially valid, now it is wrong.
INJ has broken all the support on the downside. BTC is still at 68k.
It is looking like the dotcom crash to me.

3 thg 11, 2024

Ghi chú

This said, it is really cheap. The green box is the buy zone. Most altcoins are cheap. Time to buy before the altseason to strike.

10 thg 11, 2024

Ghi chú

Actually this idea was again really accurate. We reached today the middle of the raising range. I will publish an update soon.