#Injective🔥 / $INJ

Long Term Counts

As one of the assets that was requested by my community, here is my general observations from an #Elliottwave perspective.

Structurally, it has a strong possibility of creating a moderate new high with a diagonal, or potential to really expand into price discovery.

Regardless, the setup is there.

- Diagonal for Wave 1 (bullish)

- 1-2, 1-2 formation (very bullish)

In addition, fundamentally Injective is positioning itself as a major layer 1 designed for advanced Defi, and with the RWA narrative growing and a real market to tap into, this asset may grow greatly.