This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:05:01
The video discusses the current status and price movement analysis of the coin INJ, highlighting the possibility of a completion of the fifth wave and a breakout to the upside within the context of an Elliot wave triangle pattern. Potential target levels in the range of $48 to $63 are mentioned, and a pullback is expected before another high. A third wave with targets at $53 and $57 is considered, with the importance of breaking above $46.80 emphasized for bullish movement. The speaker encourages engagement with the content and promotes their channel membership, Instagram, and Twitter for additional content.
00:00:00
In this segment of the video, the speaker discusses the current status of the coin INJ, noting that it has not moved much and is still ranging. They mention the possibility of a completion of the fifth wave and a breakout to the upside. The Elliot wave triangle pattern is still considered valid despite setbacks, and the support area needs to hold for a projection of higher prices to remain valid. Potential target levels in the range of $48 to $63 are mentioned, and a pullback is expected before another high. The speaker also touches on the possibility of an ABC structure in the wave five movement.
00:03:00
In this part of the video, the speaker discusses the potential for a third wave with targets at $53 and $57. They mention the importance of breaking above $46.80 for bullish movement. The speaker notes that price is currently above support but below the previous high and emphasizes the validity of the triangle pattern. They highlight a 45% price increase after a triangle breakout and support retest, indicating opportunities for range traders. The focus is on observing the potential upside in wave five. The speaker wraps up by encouraging engagement with the content, such as liking, commenting, and subscribing, and promoting their channel membership, Instagram, and Twitter for additional content.