Price Discovery

Injective just entered price discovery on huge breakout volume. Ideally we get another 1-2 week base just above the prior ATHs, which would act as another launchpad to FOMO inducing prices...just in time for a "sell the news" on the Bitcoin ETF deadline (Jan 10).

Anyone's guess, but just for fun, thinking we spike to $75

Kommentar:

Funny that all the bear posts get 50+ likes. You can tell many are offsides, which is another indication that this likely goes higher.

Short-term price action exceeded my expectations, but we just hit the 1.618 fib extension at $40. Possible mini base here before the finale

2.618 = $65
3.618 = $89

Kommentar:

Getting our mini base here as expected. Pulling back to the 20 EMA is healthy, but needs to defend. If price is able to bounce and hold, then we have another shake & bake scenario (shakeout weak handed longs + trap shorts) which would give us enough juice for more ATHs

Kommentar:

Big volume breakout and retesting ATM. Think we go turbo mode the next 2-3 days. Just for fun, think we poke through the 2.618 fib and spike to $75