Injective Protocol is somehow following Fibonacci patterns precisely while in Price Discovery. What manipulation?!
Anyways, what we had with rise 1, was a drop to the 61.8% line, pretty much on the dot. This bounced hard and hit the exact point of 1.618%.
On the way down, this also hit the 61.8% almost exactly on the head (weird).
So, here we are, about to take a dip, and I am guessing it will end up at the 61.8% line again. However, I have noted this miay not be the end of the channel. The 2nd wave is usually the longest, so this may extend to the 2.618% line. We can redraw if need be.
Bullish Development, 100%
Anyways, what we had with rise 1, was a drop to the 61.8% line, pretty much on the dot. This bounced hard and hit the exact point of 1.618%.
On the way down, this also hit the 61.8% almost exactly on the head (weird).
So, here we are, about to take a dip, and I am guessing it will end up at the 61.8% line again. However, I have noted this miay not be the end of the channel. The 2nd wave is usually the longest, so this may extend to the 2.618% line. We can redraw if need be.
Bullish Development, 100%
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