In the previous cycle, INJ made a near full retracement after the bullish cycle.
This would put us round here, to which we are already fairly close:

To make it a little easier to reference, I'll use the Elliot wave tool (although these are not Elliot waves).

In short, the bottom is likely very close for INJ - but accumulation / sideways phase may take another while.
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INJUSDT
This would put us round here, to which we are already fairly close:
To make it a little easier to reference, I'll use the Elliot wave tool (although these are not Elliot waves).
In short, the bottom is likely very close for INJ - but accumulation / sideways phase may take another while.
_______________________
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Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.