Long

INJUSD Buy break-out confirmation if it closes above the 1D MA50

Injective (INJUSD) is trading within a Channel Up pattern since the start of the year. For the past 8 days it has settled at the bottom of the pattern, below the 1D MA50 (blue trend-line). If it closes a 1D candle above it, we will have the bullish break-out confirmation for a long-term buy towards the top of the Channel. The Lower Highs and Higher Lows trend-lines of the 1D RSI can offer additional insight. Our long-term target is 23.000 (+310% from the Low, similar to the April 17 High).

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