IINJ 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.
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Thanks to the white swan event, IINJ 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.
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IINJ 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.
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I mean $3.5 Billions
Trade closed: target reached
Closing this old idea, that was accurate. Now I need to publish an updated version which I will soon.
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