I am following INJ since it has been around 8$. It was so interesting for me because of the active bearish sequence with targets from around 3.50-2.25.
It is currently in this heavy weekly downtrend and the last best reshort opportunity has been when the 4 hr wolfpack was in the green, hitting the golden pocket around 6.50ish.
I would still like to see lower...
Bearish Divergence Incoming
I believe the market is looking for a correction after a 25 day run. Here are my reasoning. Enjoy!
-Bearish Divergence has now been formed on the 6h timeframe
-Wolfpack id has been losing momentum and on lower time frames have turned into the red.
-Fib Retracement shows the 60% has been reached, although a further move to 80% is...