Does INJprice still have the strength to rise or fall right now?In our opinion, the price of INJUSDT is at the stage of final acceleration in parabolic growth.
The completion of the 5th wave may be already around 7$, it may be around $7.50, or around $8.40. This should be closely monitored by those who hold a long position on INJUSD, as the correction may begin abruptly from the above levels.
Where can the correction take place, or where are we ready to buy INJ ?
In the area of 4$ in the event of a weak correction in the crypto market and 3$ and below in the event of a strong drop.
In principle, all levels are equal on the chart) Use it for health and with profits)
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INJUSDT
INJ/USDT RELOADED CHART
Note - I'M publishing this chart again coz previous published chart of the same idea was hidden by moderators coz of house rule violation.
SPOT BUY CALL (BUY & HODL) buy INJECTIVE protocol (inj) in 3 parts : 1st buy - @ 2.75 , 2nd buy 20% below the first buying price ,
3rd buy 20% below from 2nd buy price
stop-loss should be placed below ma 200 which is @ $1.692. take profit zone 1ST- $3.8 -$4 take profit 2nd zone - $4 - $6.
always DO YOUR OWN RESEARCH before taking any trade or before investing your hard earned money.
Suggestion/Tip – It is always better to take profit, whether all the zones are bought or not.
Suggestion/Tip 2 - When price is moving on right way
"it is always recommended to move stop-loss to profit side".
If you like the idea and benefited from it please like , share & comment to keep us motivated.
INJ CAN MAKE A CORRECTIONHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the INJ symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
INJUSDT Consolidation and Breakout: A Technical Analysis UpdateIn my previous analysis of INJUSDT, I expressed my bullish outlook on the altcoin, anticipating a consolidation period followed by a push towards the 5.35 zone and eventually reaching 7.50. As we approach another area of resistance, I'd like to provide an update on the current situation, explore the importance of consolidation and breakout patterns in technical analysis, and discuss what we might expect going forward. Please note that I am currently on the Pacific Ocean and have limited access to services, so I apologize for the absence of an acceptable chart.
Consolidation and Breakout: A Brief Overview
Consolidation refers to a period where a financial instrument, in this case INJUSDT, experiences relatively low volatility and trades within a tight price range. This period of consolidation often precedes a breakout, which is a sharp price movement in either an upward or downward direction. Breakouts typically occur when a financial instrument surpasses a key resistance or support level, signaling a potential shift in market sentiment.
In the context of INJUSDT, the recent consolidation and subsequent push into the 5.35 zone align with my previous bullish outlook. The breakout from this consolidation period suggests that market participants are becoming increasingly confident in the asset's potential for growth.
The Road to 7.50
As INJUSDT faces another area of resistance, the key to reaching our target price of 7.50 lies in further consolidation and a subsequent breakout. Should the asset successfully consolidate around the current resistance level, it could signal that market participants are gathering momentum for another upward push.
However, it's essential to remain vigilant and manage expectations, as it's possible that 7.50 may be the peak of INJUSDT's growth this year. As always, it's crucial to pay yourself along the way, locking in profits and managing risk appropriately.
My bullish stance on INJUSDT and the wider crypto market remains unchanged. As we encounter another area of resistance, I believe that further consolidation and a breakout to the upside will be necessary to achieve my target of 7.50. While I anticipate this level as a potential peak for the asset this year, it's essential to remain adaptable and prepared for any market scenario.
As I continue to monitor the situation and provide updates, I encourage you to stay informed, manage your risk, and capitalize on opportunities as they arise. And remember, always pay yourself along the way
INJ/USDT Technical Analysis Chart ( Bullish )Welcome to my technical analysis of INJ/USDT!
INJ/USDT is currently trading at $5.42, and as per my previous analysis, it has completed a 30% down move and achieved its target. I am now expecting some upward movement towards $7.5 from its current level.
A good entry point for this trade could be between $5.20-$5.40, with short-term targets set at $6, $6.5, $7, and $7.5. I recommend placing a stop-loss at $4.86 to minimize potential losses.
As always, it's important to keep a close eye on the market and to prioritize your risk management before opening any trades. Remember, this is not financial advice, and it's essential to conduct your own research before entering any coin trades.
In conclusion, with careful analysis and risk management, I believe INJ/USDT could be a promising investment opportunity in the current market conditions. Best of luck with your trades!
INJ Trade Idea My thoughts on a bearish scenario for INJUSDT.
After a SFP (swing fail pattern) sees price come back into range and retest the previous high as resistance, as well as BTC slowing down its rally and losing momentum, this is when alts bleed heavily against bitcoin. INJ has an almost textbook Head & Shoulders reversal pattern that's broke below the neckline. For me, if price doesn't bounce at the $3.57 mark then these are my 4 Take Profit areas i'm looking at:
TP1 - top of the first bullish OB that started a very strong rally, no doubt there will be some buyers there looking to defend large positions.
TP2 - The base of the OB offering a better R:R
TP3 - An important DBR (Drop Base Rally) that offers a great R:R to flip long, maximising the full way down the previous rally.
TP4 - For me if we are to reach this area something has to go horribly wrong with BTC, perhaps down to the 19-20k range again which is possible but I do think a 50% retrace down to this level is unlikely, however a great short move if completed.
INJ CAN MAKE A CORRECTIONHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the INJ symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
INJSDT: Facing Resistance, Overbought, Retracement PotentialInjective Protocol (INJSDT) has recently experienced an impressive rally that saw the price surge from a significant support level around $2.50 to a crucial resistance level at $4.65. As the market now seems to be in a range, various indicators are signaling overbought conditions, raising questions about the next possible move for INJSDT.
Current Market Situation
At the time of writing, INJSDT's price has stalled around the $4.65 resistance level. This level has proven to be a barrier for the asset in previous instances, making it an essential price point to watch. The support level at $2.50 played a significant role in the recent bounce, and this level is worth noting as a potential target in case of a retracement.
Overbought Indicators
One of the critical factors in the current market situation is the overbought condition of various technical indicators. These overbought indicators suggest that the market might be due for a correction in the short term. In such a scenario, the price may either consolidate at the current level, allowing indicators to reset, or it could undergo a retracement to lower support levels.
Wave Master Indicator on the 4h Timeframe
The Wave Master Indicator on the 4-hour timeframe has been a reliable tool for gauging price trends and identifying potential market reversals. As of now, the indicator is beginning to curl down after the recent thrust upwards, indicating that the bullish momentum may be losing steam.
Potential Scenarios
Consolidation: If INJSDT's price consolidates around the current level for a few days, it could allow the overbought indicators to reset, paving the way for a renewed push towards higher resistance levels. In this scenario, the price could potentially reach the $5.35 to $7.50 range.
Retracement: Should the market fail to consolidate and the overbought conditions persist, INJSDT might experience a retracement back to lower support levels. The price could drop to around $3.00 before resuming its upward trajectory. This would still set the stage for a possible move to the higher resistance levels between $5.35 and $7.50.
The consolidation or retracement scenarios will depend on whether the market can stabilize and reset the overbought conditions or whether a deeper correction is necessary. As always, exercise caution and utilize proper risk management techniques in your decision-making process.
INJ/USDTINJ one of the stronger alts today but still think it's going much lower.
I can see a Double Top forming on HTF just needs a confirmation below $3.
In this LTF trade I'm waiting for price to go under $3.61 again, that would be a deviation of the LTF Mid Range and my trigger to short it.
First target is Range Low at $3. That is a big level for INJ. After that Goblin town.
Follow, like the idea and feel free to leave a comment.
Check out other ideas if you like this one.
INJ CAN DROP AGAINHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the INJ symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You