INJ is in a bearish pennant pattern which target is between $17-$18. The green box is my buy target. It offers an almost guaranteed +10% to +15% gain without leverage at the next pump.
Buy in the green box and sell at $23, for example.
You can also hold this coin. It has already performed a huge reaccumulation phase and is poised to reach a new all-time high this cycle. In my opinion, it is a potential x5 to x10 coin.
Always do your own research (DYOR). This is not financial advice.
Nota
Thanks to the white swan event, INJ pumped and broke its bearish pennant pattern to the upside. The market is too emotional at the moment to decide to enter a long trade or not. So I keep the refill box where it is. A lot of whales have accumulated at the bottom, the ETF have purchased a massive amount of BTC, they might take profit and wreck the market offering a better entry for INJ. Waiting for the traditional market and some stabilization to decide if we are going higher permanently or if it is a bullish trap.
Nota
INJ enter in my buy zone. I have updated the Buy zone to match the market, check the new version:
MT.Gox sent %3.5 Billions worth of BTC to Bitstamp, so expect a dump -5% -10%
This is the last batch of MT.Gox, so I forecast that BTC will recover fast with all the altcoins doing double digit raise.
Nota
I mean $3.5 Billions
Trade fechado: objetivo atingido
Closing this old idea, that was accurate. Now I need to publish an updated version which I will soon.
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