Technical analysis by ZSogard about Symbol INJ: Buy recommendation (2/17/2024)

INJ (Injective) to reach out wedge pattern resolution. A break on the upside with the 4h candle closing above the newly formed wedge (with a possible re-test and rejection) could propel INJ to $54-55 levels (a 50% upside from current levels - measured move from wide part of formation). Same pattern played perfectly during last leg up - wedge formation started end of Oct' 23 with a breakout (Dec 8) and retest on Dec 10, resulting in a 50% upside.