inj played out perfectlyinj trade idea was shared which worked perfectly well and pumped over 10% in few hours. Crazy gains.
INJUSDT
Important update on INJ!We have just seen a new contraction zone appering on the daily timeframe for INJ, this means we are likely to see price whipsaw through the center of the box the coming days. I will update on scalps that will be possible in this period. Since momentum has changed to the downside, I believe we will be looking at shorts!
TPI update on INJUSDT
For now the TPI for INJ has fallen quite a lot from it's top, it's currently slightly bullish, but I'm sure that will change soon:
ps. I've linked the Momentum Channel indicator below, I made it a public script for everyone to use<33
INj is ready for another pumpInj is making bullish structure and ready again for another bullish rally in short term. Lerts ride on it
INJ - at what price will investors buy INJas we see at (D) chart, look at the corrective market structure. Goin to wave 5?
INJUSDT on 4h support likely to head towards 7.65The price has reached 4h support and a bounce is expected here. A long is favorable here for a target towards 7.54 first and then 7.65.
Injective (INJ): A Top Performing CryptocurrencyInjective has been one of the top-performing cryptocurrencies this year. Let’s see what happens next!
What is Injective? Injective is a blockchain designed for finance, powering DeFi applications such as decentralized spot and derivatives exchanges, prediction markets, and lending protocols. It offers core financial infrastructure primitives and a fully decentralized MEV-resistant on-chain orderbook. Its cross-chain bridging infrastructure is compatible with Ethereum and other blockchains. Injective uses the Cosmos SDK and a Tendermint-based Proof-of-Stake (POS) consensus mechanism, providing fast performance and transaction finality. It also provides a highly interoperable smart contract platform based on CosmWasm. INJ, its token, is used for protocol governance, dApp value capture, POS security, developer incentives, and staking.
Injective’s Current Trend
Injective (INJ) has been making waves in the cryptocurrency market, gaining 700% since the beginning of the year. INJ has stood out in the market due to its consistent upward trend, avoiding any significant periods of consolidation.
Currently, it appears that INJ is pulling back to its support level of $5.00. This pullback will result in a 50% drop from its 2023 high. The $5.00 support level is expected to hold, and afterwards we may see INJ continue its uptrend towards the all-time high.
For traders, one of the best aspects of INJ is its volatility. The daily candles of INJ are very large, which means that there is a lot of intraday volatility. This characteristic is a great advantage for day traders, as they can make quick returns.
Conclusion: Injective has proven to be one of the top performing cryptocurrencies this year, offering consistent upward momentum and high intraday volatility. With its pullback to the $5.00 support level, traders should keep a close eye on the price action of INJ in the coming days.
INJUSDT likely to visit 4h support around 7.20It seems the price wants to visit the 4h support area. A short seems favorable here till 4h support around 7.20 and a bounce shall be expected there which will provide a long opportunity.
3 waves completed INJUSDTThis is my count for INJ/USDT, currently correcting for wave 4.
usually after a strong bullish move wave 4 is a shallow correction especially if consider the rules of alternation because wave 2 made a deep correction, I am expecting wave 4 to correct between .236 of fib or .382.
there's still a wave 5 I am expecting.
(i don't trade wave 4's personally, one of my trading rules)
INJUSDT likely to head up towards next resistance around 8.20At this level, INJUSDT is also offering a favorable long trade. The price has reclaimed the support and trading inside it. I expect the price to move towards the next resistance around 8.20.
INJUSDT likely heading for next 4h support towards 7.21This one seems to be heading down towards the next support which is quite a bit away. The price is trading below the support and it will lose this support if current 4h candle closes below it. The probability favors a short here towards the next support around 7.21.
INJUSDT on 4h support, likely to head to 8.81The price has hit the 4h support area. I would expect the price to hold and bounce from here. A long trade is favorable with a target of 8.81.
INJUSDT likley to head towards 8.79The price has hit the hourly support here. A long seems to be favorable here with a limited risk. The target for the long should be 8.79.
INJ bounces of 61.8 fib level -- reversal to the upside expectedINJ just touched the 61.8 fib level and an imminent bounce to the upside is in order.
Accumulation and net buying has transpired at these levels -- and 4H higher low formation was created.
Expect a reversal to the upside -- with possible retest of previous peak at 10, with a high chance of breakout.
Spotted at 6.8
TAYOR.
9.1-2 INJ BULLISH IDEA (ASCENDING TRIANGLE)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of ASCENDING TRIANGLE coupled with bullish divergence.
Entry, SL & TP Levels are defined.
INJective protocol - it needs to breath (I guess)Injective protocol has been on an uptrend since October 2022.
and has risen over 900%.
Recently it made a local high of 9$ and the price started rejecting from it. it tried to break above it and failed...
it has made a double top pattern in 1 Hr timeframe.
I am looking at the correction in this coin.
A potential trade setup is possible.
lets see the PA, if it happens.
INJUSDT long positionHello bro inj is alt coin
75ma up
BB shape a rising form
TP 10.07
SP a nearby low
INJUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for INJUSDT
R2 and R1 on the top of this chart are our resistance areas that represent the disability of the price to rise. S1 used to be a resistance line. And we have S2 that is a long-term support area with its support of price at different points even since the past. As it is obvious, the price had a rejection at R1 and by falling below S2, it had a fluctuation there for a while and then at its last triumph, it was able to break S2 upward and reached R1. At the moment, we see the price had a noticeable rise and now it is fluctuating below R1 area. It is predicted to resume its decline down to S1 or even by rising a bit to our stop-loss point, a rejection would happen then. So by activation of our short position, a fall is expected for the price to lower amounts. Also, when S1 is lost, more fall is there for the price toward S2 area. You should check every detail and information before putting your trade orders and then wait for a proper time to have your next action. In case you are looking for wise trades and less risky ones, our suggestion will be following our regular updates all the time.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a great time
INJ USDT#INJUSDT
Overbought? - Yes.
Should I go for rejection? - Not necessary
I think that here the situation is already easier.
Long is above the green line, Short is below the red.
Short INJ from hereI see a good short opportunity from here with close SL at 9.4$ and TP at 6,8$ area..
INJ Becareful here ! Inj at 10, is no trade zone. It may go down to make a cup n handle pattern or breakouts directly. So, Wait for breakout and retest, then target will be 12-14 Range and final Tp will be 22.
But currently recommended to hold it if you bought with us at price 2 (Feb signal). Otherwise don’t buy at this price 10. Wait…
