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INITUSD

#INIT/USDT Potential Bullish Reversal After Down Channel Break #INIT The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward. We have a trend to stabilize above the 100 moving average once again. We have a downtrend on the RSI indicator that supports the upward break. We have a support area at the lower limit of the channel at 0.3800, acting as strong support from which the price can rebound. Entry price: 0.4664 First target: 0.5115 Second target: 0.5579 Third target: 0.6248 To manage risk, don't forget stop loss and capital management. When you reach the first target, save some profits and then change the stop order to an entry order. For inquiries, please comment. Thank you.
Long
by CryptoAnalystSignal
INIT/USDT Potential Bullish Reversal After Falling Wedge Break📊 Chart Pattern & Structure Descending Trendline (Yellow Line): From early May to late June, INIT/USDT formed consistent lower highs and lower lows, creating a strong downtrend structure. Accumulation Phase: In late June, the price consolidated around the $0.40 – $0.48 range, forming a base and is now attempting a breakout above the descending trendline. Key Horizontal Resistance Levels (Yellow Dashed Lines): $0.5843 $0.6421 $0.7546 $0.9193 $1.1766 $1.3828 🚀 Bullish Scenario If INIT confirms a breakout above the descending trendline, it signals a potential trend reversal from bearish to bullish momentum. 📌 Short to Mid-Term Bullish Targets: 1. $0.5843 – Initial resistance. 2. $0.6421 – Previous support/resistance zone. 3. $0.7546 – Strong resistance with historical significance. 4. $0.9193 – $1.1766 – Mid-term upside targets. 5. $1.3828 – $1.4477 – Long-term target and previous high zone. 📈 Bullish Confirmation Signs: Increased breakout volume. Successful retest of the trendline as support. 🐻 Bearish Scenario If the breakout fails and price falls back below the trendline: ⚠️ Possible Downside Risks: Rejection back to the $0.4200 – $0.4800 range. If $0.4200 breaks, price may retest deeper support around $0.3500 – $0.3000. Breakdown below $0.3000 could lead to a move toward $0.2600 (historical demand). 📐 Pattern Analysis Falling Wedge / Descending Channel: A typical bullish reversal pattern. The breakout indicates accumulation and potential impulse movement to the upside. Aligns with the beginning of a new Elliott Wave cycle (Wave 1 formation). 📝 Strategy Summary Bullish Setup: Look for a pullback to retest the trendline for a potential long entry, targeting resistance levels step by step. Bearish Setup: Watch out for a false breakout followed by a breakdown back below the trendline. #INIT #INITUSDT #CryptoBreakout #FallingWedge #AltcoinAnalysis #TrendReversal #TechnicalAnalysis #CryptoTrading #BullishSetup #CryptoSignals #PriceAction
Long
by CryptoNuclear
INIT buy/Long Setup (4H)On INIT chart we do not yet have a bearish CH on the chart, and within the substructure, we can look for potential buy/long positions. There is an unmitigated POI zone, and once the price reaches this area, we can look for buy/long setups. The targets are marked on the chart. A daily candle close below the invalidation level will invalidate this analysis Do not enter the position without capital management and stop setting Comment if you have any questions thank you
by iMoneyTeam