The Injective (INJ) buy signal leading to the 700% and 555% bullish patterns is flashing again

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Injective is forming a TD Sequential buy signal on the weekly chart

In a new post on X, analyst Ali Martinez discussed the Tom Demark (TD) Sequential signal that formed on Injective's weekly price chart recently. The TD Sequential is a technical analysis (TA) indicator commonly used to detect potential reversal points in the price of any asset.

This indicator consists of two phases: setup and countdown. In this first setup, candles of the same color (green/red) are counted up to 9. When 9 candles appear, the price may have reached a reversal point.

Naturally, TD Sequential will suggest a bottom may have occurred if the candle is about to complete a red setup. Similarly, the indicator will signal sell if the period ends with an uptrend.

Once setup is complete, the countdown begins. In this second phase, the candles of the same type are counted again and this time up to 13. After the 13th candle of the same color, the price is said to have encountered another top or bottom.

According to Martinez, the TD Sequential signal belongs to the type of setup that was completed on Injective's weekly price chart.