INJINJ currently in consolidation mode
If you want to take a take a long term trade, then my recommendation is to wait for break out from one of the boxes you can see on the chart
I believe that the coin will show its strength once BTC finds its bottom and starts to pumping.
On lower TF you can try to take scalp shorts and longs, but if we see that the coin closes with 4H + candle at around 6.6$, in this case we can expect the dump towards to 5.36$ where the coin has Monthly FVG (L.1)
On that level you can buy the coin on Spot or Longe it.
But is the coin will go up towards to level 8.5$ in this case important to see D close above 8.5$ - it will open the way to upper levels. (L.2)
INJUSDT
INJUSDT heading to daily support at 7.10-7.13 before a bounceThe price is heading southward. The next support is the daily support DS1. This support is sitting around 7.10-7.13. It is likely that the price will hit this zone on this drop. There is a weekly support sitting below this daily support 6.91-7.03. There is a possibility that the price may hit that before a bounce but I think daily support will provide some bounce favoring a long trade. If it hits WS1, the bounce will be larger and a better long opportunity.
INJUSDT at hourly resistance, expecting a pullback to 7.35-7.36The price fell down below the 4h support but bounced strongly from 7.27 zone. Now the price is at hourly resistance and I expect a pullback here. This pullback may extend till 7.35-7.36 area. Therefore, a short trade is favorable here with a target to 7.35-7.36.
INJUSDT a short and a long ideaHere is a pair of trade ideas for INJUSDT. One is a short and then a long trade. The price action suggests to trade only in the long direction on any pullback. However, a short here from the daily resistance is not a bad idea. But the size should be kept smaller to keep the risk lower given the momentum in the opposite direction. If the desired pullback is there expected in the short trade, the price shall find support at 4h support 4HS1 and that should make the price reverse its path and again move upward. This will create a conducive environment for a long trade opportunity again towards the daily resistance. Though the price may break the daily resistance on the next attempt with that long trade idea, but we will reassess it again and adjust the target once we are in that trade and the price is moving according to our expectation.
INJUSDT at 4h support, likely to head to 7.60-7.69Here is a long idea for INJUSDT. The price has hit 4h support 4HS1. I think the price should bounce here and aim for the 4h resistance 4HR1. Therefore, a long is favorable from this level. In case the price loses the support, the trade idea is invalidated. The target of the trade should be around 7.6-7.69.
INJ symmetrical structure target 14.312h time frame
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INJ is creating a potential symmetrical structure, which is corresponded to left wave from 14.9~1.18(12th Nov 21" ~ 1st Jul 22"). Secondly, INJ got support at 0.5 and 0.382 Fibonacci Projection(depend on different waves). Moreover, higher high trend is making for a while and it's clear to set SL for opening long.
TP: 14.3
SL: 6.238
INJUSDT at 4h support, likely to head up to 7.40-7.44Here is a long trade idea for this pair. The price has come to 4h support and a bounce is likely. I think this level will provide the needed support and price will make a reversal here at least to make this long idea favorable. The target of this long trade is 4h resistance zone 4HR1. This resistance zone is sitting around 7.40-7.44 area.
INJUSDT 21/09 MovePair : INJUSDT ( Inj / Tether )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Short Time Frame , In STF it has breakout the Lower Trend Line but didn't Completed Retracement. It has Completed " 1234 "Impulsive Wave if Rejects with Strong Bullish Price Action then Long
Update INJUSDTFrom the general view of the chart and the update of the previous chart, we find that there is a strong weekly resistance that was tested three times and was unable to break above it. In addition, it has completed a compound upward wave, and it is possible that it will fall strongly in the coming period to visit the strong support area in the shaded area.
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
INJUSDT at 4h support, likely to head up to 4h resistance zoneI think its time to take a long trade now. The price hit the 4h support zone 4HS1. This was our short trade idea from 4h resistance 4HR1 to 4h support zone 4HS1. Since the price has hit the 4h supprt 4HS1 now, it is likely to bounce from here again towards 4HR1. Therefore, a long trade is favored here.
INJUSDT to go down towards 4h supportHere is a short idea for INJUSDT. The price is facing resistamce at the level marked on the chart as HR1. It has retested this level and reversed from that zone. The price may attempt that zone again and likely to move down again. Therefore, a short trade is favorable here with a target towards 4h support 4HS1.
INJUSDT Double Bottom - A Potential Game Changer💎 #INJUSDT has recently formed a double bottom near the $6.2 support. But, at the same time, the downtrend trendline is holding strong, suggesting that bears are still in control. 🐻
💎 However, the presence of a potential double bottom introduces the possibility of a sentiment shift from bearish to bullish if we witness a decisive 4-hour break and close above the trendline. This could be a game-changer Paradisers. 🎮
💎 In the event of a clear 4-hour breakout above the trendline, #INJUSDT may embark on an upward journey toward the nearest supply zone, located around the psychologically significant $8 resistance. If we break above this zone, it could magically transform into a demand area, setting the stage for further growth. 🪄
💎 In this optimistic scenario, #INJUSDT might set its sights on the next supply zone, which, this time, is situated at the $10 psychological resistance level. Paradise team members should be prepared for this exciting possibility. 🚀
💎 Overall, the outlook seems to favor the formation of a bottom. However, we must remain vigilant and ensure that no new lower lows are printed, as a downside breakout would once again affirm bearish dominance. 🚫🐻
INJUSDT looking bullish for short termThe price hit the daily support and bounced from there. Missed this opportunity as I was out and could not monitor this opportunity. The ideal long would have been 4 hours ago where the price pulled back after the bounce from the daily support zone DS1. Anyways, the outlook for short term trades are looking to be favoring long side. Any pullback to 6.40-6.46 is for buy towards 4h resistance 4HR1 provided the price has not hit the 4HR1 zone before doing so. I think the price has a possibility to move beyond that resistance level but I will wait for a good entry. Till then lets wait.
INJUSDT at 4h resistance, likely to head downThe price broke down further after losing the daily support. However, it bounced well and tested 4h resistance 4HR1. The price was rejected from that resistance on several attempt sand now the price has made the next attempt. Although it is repeated attempt, the probability is still in favor that it will be rejected again, and therefore a short is favorable. Howeverm since its a repeated attempt, the size should be kept low to minimize the risk.
INJUSDT at daily support, likely to head to 6.99-7.06Here is a long trade idea for INJUSDT. The price is currently trading around daily support. I think the price is likely to move towards the 4h resistance 4HR1 sitting around 6.99-7.06. It is also possible that the pullback from the push upward towards the daily resistance DR1 is almost over and we may see further move up beyond that resistance. But let us stick to this long trade and target 4HR1 zone as the target of this trade.
INJUSDT 05/09 MovePair : INJUSDT ( INJ / U.S Dollar )
Description :
Bearish Channel in Short Time Frame and it is Rejecting from the Strong Support making Consolidation Phase , If it Breaks the Upper Trend Line then Buy and if it Breaks Lower then it is Possible that it will Reject from Daily Resistance