ElliottWave Forecast
May 02, 2024
ElliottWave-Forecast has built its reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 50 instruments including FX majors, Gold, Silver, Copper, Oil, Natural Gas, Soybeans, Sugar ,Corn TNX and a number of Equity Indices from around the World. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Elliott Wave Setup videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions. The guidance of ElliottWave-Forecast gives subscribers the wherewithal to position themselves for proper entry and exit in the Forex marketplace. We believe our disciplined methodology is pivotal for long-term success in trading.

Injective Protocol Coin $INJ Aiming For Daily Target at $100

$INJ is the native token of Injective Protocol, a blockchain protocol optimized for trading assets across different blockchains and it offer auto-executing smart contracts which empower faster, more innovative and groundbreaking applications. In today’s article, we’ll explore the Elliott Wave path taking place within the daily cycle.

Following the 4300% rally in the recent 2 years, $INJ ended the impulsive 5 waves advance in wave ((1)) at $53 and then it started a pullback in wave ((2)). The correction lower unfolded within a double three 7 swings structure. It traded into the equal legs area $22.6 - $10.9 marked by the blue box and consequently it found buyers for an initial reaction higher form there.

Injective coin is expected to establish a higher low then resume the rally within the daily bullish trend. The move to the upside within wave ((3)) is expected to reach a minimum target at $70 and will be looking for extension higher at $102 in the coming months.

INJECTIVE $INJ Daily Chart 4.30.2024

Injective Daily Chart

Setup Recap 

-Time Frame :  Daily

-Entry Area : $ 22.6  – $ 10.9

-Invalidation Condition : Daily Close below $ 10

-Targets / Ratio : Target 1 at  $70  (3.76 RR)  – Target 2 at  $102  (6.3 RR)

Source:  https://elliottwave-forecast.com/video-blog/injective-inj-daily-target-100/ 

More from ElliottWave Forecast
The most important insight of the day
Get the Harvest Daily Digest newsletter.