$INJ update: uptrend until resistance at $27-$28
2024-10-06

So far, my  CRYPTOCAP:INJ  forecast has been accurate—you can check my previous analysis. Let’s continue.

We are currently in an uptrend. On the 1W chart, both the MACD and RSI have bottomed, signaling a weekly push that should move  CRYPTOCAP:INJ  up along the uptrend channel shown in this chart. The MACD and RSI are aligned, so once we break through the bearish divergence, the uptrend should continue. If you follow my other updates on  CRYPTOCAP:BTC  and  CRYPTOCAP:TOTAL3 , everything seems to align positively for October.

Of course, geopolitical events, like Russia deciding to nuke Israel or Israel attacking Lebanon or Iran, could act as a black swan event and invalidate this idea.

For now, I don’t think it’s time to sell; rather, it’s a time to accumulate. The $27-$28 resistance level is more concerning, and we might face a rejection there. However, that’s a different scenario, and I’ll provide another update when we approach that stage.