INJUSDT NEOWAVE ANALYSIS
Wave A is the fastest and strongest wave on the chart, indicating that the long-term trend is up, and any downward wave is counter-trend.
The pattern is a flat correction, confirmed complete in April 2024 with the drop from $52 to $18.
Currently, we appear to be in an X wave.
The X wave can be labeled as small or large based on its retracement of the entire pattern. Since it is not yet complete, I cannot provide further details based on the monthly chart.
However, the price is likely to fully retrace the $13 low, and it should head lower.
The pattern is a flat correction, confirmed complete in April 2024 with the drop from $52 to $18.
Currently, we appear to be in an X wave.
The X wave can be labeled as small or large based on its retracement of the entire pattern. Since it is not yet complete, I cannot provide further details based on the monthly chart.
However, the price is likely to fully retrace the $13 low, and it should head lower.
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