Injective (INJ) Buy Signal That Led To 700% & 555% Rallies Forms Again

Injective (INJ) Buy Signal That Led To 700% & 555% Rallies Forms Again
An analyst has pointed out that Injective is forming a buy signal that previously led to 700% and 555% rallies for the asset’s price. Injective Is Forming A TD Sequential Buy Signal On Its Weekly Chart In a new post on X, analyst Ali Martinez has discussed a Tom Demark (TD) Sequential signal that has formed in the weekly price of Injective recently. The TD Sequential refers to an indicator in technical analysis (TA) generally used for spotting potential points of reversal in any asset’s price. This indicator involves two phases: setup and countdown. In the first of this setup, candles of the same polarity (green/red) are counted up to nine. Once the nine candles are in, the price may have reached a turnaround point. Related Reading: Shiba Inu One Of The Most-Traded Tokens By Whales, Data Shows Naturally, the TD Sequential would suggest a probable bottom in the asset if the candles leading up to the setup’s completion were red. Similarly, the indicator would signal selling if the phase finished with an uptren ..

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