INJ - Is the Bull Rally Over?📉Hi Traders, Investors and Speculators of Charts📈
With this chart, we aim to identify the current phase of INJ by using the Wyckoff Method . The Wyckoff Method can be extremely technical and complicated, with many phases, sub-phases, sub sub phases etc. The four main phases of the market cycle are accumulation, markup, distribution, and markdown. On this specific chart, we're taking a look at what comes next after the big bullrun is completed.
Furthermore, a brief look at the phases:
Start of the Bullish Cycle:
The price start increasing rapidly, often making parabolic increases. Pullbacks are short-lived, and the rally continues afterwards.
PEAK:
This is the clear ATH that is established by the bullish cycle. This is where the buyers run out and the tables turn to where sellers start to dominate for the upcoming bearish phase.
Failed Rally:
The buyers try one more time to push past the previous high, but fail. Instead, a lower high is made and is usually marked by a bearish pattern or double top candlestick.
Accumulation Phase:
This is usually considered the boring zone. This is where price trades range for a long period of time, whilst whales bulk up for the bullish cycle to come next.
All of the above in mind, I believe we are currently trading towards the failed rally phase. This means that we may still test support zone / resistance zone multiple times, until either the bears or the bulls take charge.
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CryptoCheck
BINANCE:INJUSDT
INJUSDT
🚧INJUSDT will Go Up Again🚧 Road Map(6-H)🗺️!!!Hi .
-Due to the ascending structure of the chart
- High potential areas are clear in the chart
- You can look for reasons to enter according to your own personal strategy after approval.
CRYPTOCAP:INJ has support levels at $29 and $24 which are good areas to place buy orders 📝
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✅ Thank you and for more ideas ❤️ like ❤️ and 🌟 follow 🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
INJUSDT.4HBased on the provided market data, INJ is currently trading at $34.49 with a 4-hour RSI (Relative Strength Index) of 55.63, which is a neutral territory. The 4-hour MACD (Moving Average Convergence Divergence) is positive at 0.63, indicating an upward momentum. However, it's slightly below the 4-hour Bollinger Band midpoint of 36.26. The immediate supports on the 4-hour chart are at $33.90, $31.80, and $30.20, while the resistances are at $36.41, $38.30, and $39.60.
On the daily chart, INJ has a neutral RSI of 50.51 and a negative MACD of -0.66, suggesting a lack of clear direction. The immediate supports are at $33.80, $30.77, and $29.20, and resistances at $39.40, $41.90, and $43.90.
The 7-day data shows a high RSI of 70.22, indicating the crypto is overbought, and a MACD of 7.35, suggesting bullishness. The supports are at $23.10, $17.60, and a notably low $5.16, while the resistances are at $45.30, $52.10, and $60.30.
In conclusion, INJ shows mixed signals on different time frames. While the short-term (4-hour) and long-term (7-day) data indicate bullishness, the daily data suggests a lack of clear direction. Traders should monitor the market closely and consider these levels while making decisions. It's always recommended to incorporate other market factors and risk management techniques in trading decisions.
INJUSDT: Potential Bullish ContinuationINJUSDT Technical analysis update
INJ has formed a symmetrical triangle pattern after reaching a new all-time high. A breakout from this pattern could indicate the potential continuation of the uptrend.
Buy level: Below $35.5
Stop Loss: $31.00
Mid Term Target: $50
Long Term Target: $100
Regards
Hexa
INJ(INJECTIVE) is about to moon(100X)??So after i have been watching INJ, I realized that just like all the other Tokens, coins etc, is it as well in correction, basically market has been moving sideways, choppy, while correcting.
So since 43 to 45 dollars, INJ was hitting resistance, while on the lows around 29 and 30 dollars it was hitting or on support, basically price is struggling to break above or below this range.
Based on the cycle count:
you can see we have a WXYXZ correction cycle pattern, which just completed around 30 dollar price,
And on the current price is where I am looking for long orders.
Scroll-back to see the whole analysis.
INJUSDT Next target $80??INJ/USDT is showing signs of a breakout from resistance, aiming for the $80 mark with expectations of doubling returns within this range. For those considering an investment strategy, buying and holding INJ/USDT appears promising amid the resistance breakout. Traders eyeing this opportunity should closely monitor the upward momentum and potential for substantial gains in the near term.
ROSEUSDT (1W Chart) Technical analysis
ROSEUSDT (1W Chart) Currently trading at $41.5
Buy level: Above $41
Stop loss: Below $32.5
TP1: $45
TP2: $55
TP3: $65
TP4: $80
Max Leverage 2x
Always keep Stop loss
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INJ/USDT Keep an eye! Could INJ Break out the Bullish Pennant ??💎INJ has recently exhibited notable market dynamics. After making a strong bounce from the support trendline of the Bullish pennant pattern, INJ is now approaching the resistance area.
💎 A successful breakout above this resistance could potentially lead to a breakthrough of the pattern itself, paving the way for INJ to revisit its all-time high resistance levels.
💎 However, if INJ fails to breach the resistance and experiences rejection, the price may retreat back towards the support trendline within the channel.
💎 Failure to sustain and rebound from the support trendline could signal further downside potential, with the price potentially targeting the support area.
💎 The support area represents the final line of defense for the Bullish trend of INJ. A bounce from this level is crucial, as a breakdown could lead to a significant downward movement towards the Bullish Order Block (OB) area, which presents an attractive long-term buying opportunity.
🎮📉 INJ Analysis 🚀💡📊 Chart Observation:
INJ has retraced to test the bottom of the two-month range area of support.
📉 Trade Strategy:
Laddering In: Planning a long spot trade between $28.50 - $31.00.
Profit Target: Aiming to take profit at the top of the range resistance area of $42.00 - $45.44.
Stop Loss: Set just below $28.00.
🚀 Market Sentiment:
Belief in the gaming narrative primed for an upside rally, with INJ as a potential performer.
🚨 Note: Market conditions may influence outcomes.
Game on!
🎮📈 #INJ #CryptoTrading #GamingCoins 🚀💡
INJUSDTStarting to think this is as low as we push for inj
sol outage good news for alt l1s and inj is probably pushing for 3rd most used alt L1
eth/sol/inj?
sei tia still in naisency and i just dont think theres that many users on any of the other l1s
eth l2s different story entirely
anyways its tagged its 2nd last take profit from the bearish harmonic and the 3rd would take a black swan btc event which still could happen but it doesnt really look like it rn..
etf liquidity too high?
or banking contagion spreads through tradfi?
Injective- Bulls need to maintain 30 intact2023 has been an incredible year for BINANCE:INJUSDT , with the coin witnessing a 45X rise and experiencing strong upside acceleration since October.
However, following the peak at 45 early in the year, InjUsdt began to correct and has lost around 30% of its value.
Currently, the price hovers just above the crucial $30 support level. A breach of this support could potentially expose downside targets at $25 and $20.
Trade signal | Injective Protocol (INJ) setup for upto 23% pumpHi dear members, hope you are well and welcome to the new trade setup of Injective Protocol (INJ) with US Dollar pair.
Previously after the completion of bullish Gartley INJ produce, almost 570% massive rally as below:
Now on a daily time frame, INJ has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
INJUSDT - Opportunity during triangle formation and breakout#INJUSDT (4H CHART) Technical Analysis Update
INJ is currently trading at 34.42 and showing a triangle formation pattern. Currently it's bouncing back from the support level, we can expect the price to reach the next resistance of the triangle at around 37.5, you can exit the trade if you are looking for scalp trade.
We can expect some correct after hitting the 37.5 level and then bounce back to break the triangle.
Second resistance is at 39$ range and 3rd resistance is at 44$
Long Entry level: $ 33 - 34
Stop loss: below $ 31
Target 1: $ 37.5
Target 2: $ 39
Target 3: $ 44
Max Leverage: 5x
ALWAYS KEEP STOP LOSS.
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