ALMOST time to Short We almost at the order block
i am adding it to my watchlist and will then decide once i see such a pattern i highlighted
Stay glued here i will update you.
INJUSDT
INJUSDT at 4h support, likely to head to weekly resistance 8.86The price has hit the weekly resistance and has been pushed back by that resistance. This weekly resistance level was shared in one of the earlier charts for this pair describing all the resistance and support levels. The price is currently trading at 4h support zone 4HS1. I think a long is favorable from here towards the weekly resistance with a target of 8.86.
Bullish on Injective - Injective's BoomInjective has been rallying for months and has defied the bear market, which has drained most other crypto assets. Due to its super bullish fundamentals, it has stolen the limelight and will probably continue to do so.
Its uptrend has been very healthy so far, and we can see that through INJBTC. INJ has been doing very well relative to BTC, and both INJUSD and INJBTC look clean. What I mean is that technically they look solid, as they have had several corrections and consolidations. Therefore the current trend looks sustainable.
The two key areas I think INJUSD is targeting next are 10.3$ and 14.5$. Those two areas have a lot of liquidity, given that triple/quadruple tops have formed there. I expect the market to hit those targets in the next few months. Taking profits in those zones makes sense only in the short term, simply to add more in case the market corrects once it gets there.
INJUSDT bounced well from daily supportThe price experienced a sudden drop but found the support at daily support zone DS1. The price bounced well from there providing an opportunity a long trade there. This level was already marked on the chart. In general the rule is to long the support and short the resistance. And from probability point of view the trades taken from this strategy always result in overall better winning rate (more winner trades than loser trades). This is indeed very true on the long side for a coin which is showing strength. And we talked about INJ being the strong one fro past few days. Such coins in such drop situations give the opportunity for easy money as bounces are really big on such big drops. I will long it again in case it comes back to that daily support.
INJUSDT doing well, likely to head to 7.85-7.84This one is our hero. Moving up and holding even in the event of adversity. Last trade we took a couple of days ago was a long trade and that worked out pretty well. The price went beyond weekly resistance WR1 which was our generous target for the last long trade. The price is currently facing resistance from daily resistance DR2. I think this one is planning to go beyond DR2. Specially when BTC bounces from the daily support, this one will also move towards the DR2 zone.
injThis is an arrow to get rid of scalp entries. Be careful. If it doesn't break, it will sell well.
injIn the last stage, for a mid-term entry, I look for an entry point almost in this range. Here you can buy three steps, you can buy one step and then come to the bottom of the channel and check again.
injWe will come daily time
We have the above liquidity, which can be of interest. If we draw a trend line from the beginning of the trend, there is a reaction to it and the price is now below it. This is a bit suspicious. Now, if we take it from the previous bottom, we get a range that It is possible to look for an entry point in this area. I think Midline can be a good channel
injIn the weekly time, higher ceilings and floors have been set. Currently, the green floor has not been set, so we can focus on the red area. Of course, these areas are still in demand and have not reached the saturation area.
inj#eng
The first important resistance range in the monthly time that can be imagined is in these two numbers. Considering the type of candle arrangement, if we check the last three candles, we will realize that it is looking for a correction in this area as well.
INJUSDT up trend channelprice will have a fall then when hitting the trend lines will have an uptrend that we can use to enter for a long position.
INJUSDT at LTF support, may aim again for weekly resistance#INJ #INJUSDT CRYPTOCAP:INJ T he price has been consolidating all day all night under the weekly resistance. The price found support at LTF support and ranging between weekly resistance WR1 and LTF support LTFS. The price is once again close to LTFS and I expect it to aim again towards WR1. Usually such consolidation under resistance is bullish so it may be successful 8n breaking that resistnace in subsequent attempts. But lets have our aim as WR1 and we can take the long further depending on the price action.
[UPDATE INJ] Nothing to say...below 5$ is game over. I will start buying it at1.5$ in Q4 2023.
Now are are at mid range..
Will increase my short position if we see any short squeeze around 7 - 7.5$ (if).
Bye.
INJUSDT may head for weekly resistance from LTF supportThe price broke through the weekly resistance only to come back. It came down and currently trading under that weekly resistance zone. However, it seems the price may attempt again to break that resistance. Therefore a long is favorable from the LTF support.
INJUSDT updated support and resistance levelsHere are the updated resistance and support levels for this pair. DR1 is still there even though the price has broken that level but has not closed above yet even on 4h time frame.
Inj Looks Ready For another Bullish Impulse Seems Like Getting ready for massive bullish rally forming descending channel in h8 tf incase of breakout expecting move towards 15$
INJUSDT may aim upward for daily resistance 6.86-6.96The price came back to the 4h support zone 4HS2 and bounce from there. Along with the BTC push, this also moved higher breaking the previous 4h resistance. I think a long is favorable here towards the daily resistance. The target of this move should be daily resistance around 6.86-6.96. Idea of this trade is to long from the 4h support 4HS1 in case price comes there before hitting the daily resistance zone.
INJUSDT Buy Setup!INJUSDT (4h Chart) Technical analysis
INJUSDT (4h Chart) Currently trading at $6.32
Buy level: Above $6.2
Stop loss: Below $5.3
TP1: $7
TP2: $7.6
TP3: $8
TP4: $10
Max Leverage 3x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
INJUSDT Bearish Trend & Fib 0.618 Script is following bearish trend with price action retraced to Fib 0.618. There is no divergence at 1H TF. Will it hit both the TP's?
injThis box is a resistance. It can be accessed if the upper lines are crossed. If it cannot create a specific movement, the lower areas are available in the previous analysis.
INJ SELL OPPORTUNITYHello dear traders. Here my idea to INJUSDT . we will expect short term bearish continuation.
Traders, if you liked this idea or have your opinion on it, write in the comments. Please like and subscribe to my profile.
Good luck to you.
This idea does not provide the financial advice.
INJUSDT at 4h support, likely to head upAnalysis: LTF
So this one has finally hit the support zone from where I wanted to have a long trade. This support zone is important as it is an important pause the price made in this last move up from the daily support. Therefore, it is likely that this level will provide required support to push the price up. Lets see where it goes from here. The target for this trade is 6.2.
INJUSDT, More down side to see. INJUSDT / 4H
hello traders, welcome back to another market breakdown.
INJ has been reversing in a down trend, I'll look to feed the leg lower if I get my trigger.
Checkout the chart for my plan to get in.
Trade safely,
Trader Leo
