Alikze »» INJ | Ascending channel - 12H
2024-09-27

🔍 Technical analysis: Ascending channel - 12H

- In the analysis presented in the  previous post , a corrective wave was carried out up to the green box area, which has entered an upward phase in the green box area after the demand.

- Currently, in the 12H time frame, it can have a growth up to the range of $25, which in case of a pullback to the middle of the channel, it will have the ability to continue growing up to the top of the channel.

- If the $25 zone fails, it will have the ability to continue growing up to the supply zone.

💎  Alternative scenario:  In addition, if it faces selling pressure in the range of $25 and loses the middle of the channel, it can continue to correct at least up to the Fibo range of 1.618 and the price range of 18.75.
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