INJ is an altcoin and you know what that meansThe numbers rise and fall like waves,
A game where no one saves,
For fortunes are made and lost,
In the blink of an eye, at great cost.
When investing in a volatile asset, it's important to not let greed cloud your judgement and instead focus on seeing the big picture. While it may be tempting to chase quick gains and try to time the market, this can lead to risky and irrational decisions that ultimately hurt your portfolio. Instead, it's important to take a long-term perspective and assess the fundamentals of the asset, such as its underlying value and potential for growth. By keeping a level head and making informed decisions based on the big picture, investors can navigate the ups and downs of a volatile asset with greater confidence and potentially reap greater rewards over time.
I'm going to be focusing on the range we are currently in. This is a range clearly defined by support and resistance levels identified early on. Late 2020. It was solidified in early and mid 2022 as we went back through this range.
Now we're right in the middle of it creating some price acceptance. But what comes next is what matters. Support and resistance trading is a popular strategy used by traders to identify key levels within a specified trading range where the price is likely to encounter buying or selling pressure. Support refers to a level where the price has historically found buying interest and is expected to hold up, while resistance refers to a level where the price has struggled to break through and is expected to face selling pressure. By identifying these levels, you can enter long or short positions accordingly, with a view to profiting from price movements within the trading range. However, it's important to note that support and resistance levels are not always precise, and the price may break through them or bounce off them with varying degrees of strength. As such, youshould use other indicators and risk management strategies in conjunction with support and resistance trading to improve your chance of success.
With these other indicators, I would like to focus your eye on the wave master indicator at the bottom of the chart. Notice it's very undecided right now. A great buy was alerted in December 2022 and as of right now, the daily green wave is resetting but the yellow/red waves are overbought. I would expect a bounce to come, but if we break the lower bound of this range that I've defined, I'd be very careful. Also notice the momentum indicator was flashing red in mid February but has gone away as we are resetting the daily green wave on the wave master.
I'd be bullish right now. Cautiously bullish. There's important levels below to watch out for but ultimately a bullish pivot at my white level would be important to hold over a couple days. Bullish targets would be around 7.75 and then around 13.00
INJUSDT
INJ/USDT Price Prediction Chart AnalysisHello,
#INJ/USDT Technical Analysis Update:-
I have conducted a technical analysis on the INJ/USDT pair, which is currently trading at $3.416. According to my analysis, the projected growth for INJ in 2023 is 270%. However, the price is currently 25% lower than its recent high of $4.582.
Based on the chart, the price has broken down the neck line support and has converted to a bearish zone. Therefore, I am expecting a minimum 30% downward movement from the current price level, with a maximum of 44% to 50% also possible.
It is possible to anticipate another leg down from the $3.65 resistance/retest level. However, if the price goes above $3.80, it would invalidate the bearish chart.
Please take note of the following levels:
Support: $2.48/$2.00
Resistance: $3.80
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Thank you.
Short INJ vs USDTINJ is looking like it's forming a Double top pattern here on a Higher time frame chart.
The Double top will be confirmed if it turns $3 from support to resistance and that will be my 1st Target, 2nd Target Mid Range.
I'm not rulling out a one more push into the 4H block so I'm slowly scaling in, wrong if we see acceptence above $3.75.
As I said before, all bounces are for shorting until proven otheriwise.
Follow, like the idea and feel free to leave a comment if you like it.
Check out other ideas if you like this one.
Injective Protocol (INJ) formed Gartley for upto 22.50% rallyHi dear friends, hope you are well and welcome to the new trade setup of Injective Protocol (INJ)
In previous trade setup, the priceline of INJ was moved slightly moved down than buying zone, however, recovered soon and pumped more than 19%.
Now this time on a daily time frame, INJ has formed a bullish Gartley pattern for another bullish reversal move soon.
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
INJ still some (but little) upside BINANCE:INJUSDT has seen an explosive move upwards. Accelerated downtrend line (orange line) was broken and leaves still around 15% of upside until the next big resistance is reached.
Normally, we would expect price to retrace after reaching 3,05-3,75 USDT area as the main down trend is still active.
Longs make sense only once the down trend line is broken and retested.
INJ/USDT. #inj/usdt flipped above the neckline of double bottom formation on 1D chart👀
Want to see a fixation now for the bullish case✈️
BitVero Crypto Academy.
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
INJ USDT | Perfect opportunity!#INJ/USDT
🟢Entry price: 1.71 - 1.62
🎯Targets:
|> 1.92 (Sell 50%)
|> 2.14 (Sell 30%)
|> 2.55 (Sell 20%)
and a bullish target at 5
🔴Stop-loss: 1.557 (1D candle Close under it)
-> for risk takers, I think 1.487 is a better stop-loss
➡️Recommended risk: 0.25%
➡️Recommended Position Size : 1.5%
please note that due to the current market situation this trade signal is considered risky, so we must stick together to the stop lose and risk management strategy and not to gamble with our money.
stay safe and trade safe
thank you!
INJ - Potential Breakout A 5 Million Tokens Burn is fundamentally good news ( tokenomics are important in crypto)
INJ could be the broker of the future, just to have an idea of what the project is all about:
Injective is an open, interoperable layer-one blockchain optimized for DeFi applications. It uniquely provides plug-and-play modules, including an order book and derivatives trading module, that make it easy for any developer to quickly launch finance applications with inherent value. Coupled with smart contracts capabilities, any developer can build complex applications with cutting-edge protocols. Built with Cosmos-SDK, Injective utilizes a Tendermint-based Proof-of-Stake (PoS) consensus mechanism to achieve instant transaction finality while sustaining lightning-fast speeds.
The current financial system is broken and too inefficient. DeFi has been promising in taking the first step towards breaking down the centralized infrastructure of the traditional exchange markets. Our mission is to take it a step further and to provide the most advanced, next-generation financial infrastructure for building DeFi applications on top of the Injective blockchain. Users can access these applications in a fully decentralized, fast, cross-chain, low-fee, and secure manner. READ MORE HERE
mY CHART SHOWS THE PRICE INA WEDGE, RUNNING OUT OF SPACE. tHAT MEANS VOLATILITY COULD BE INBOUND AND MOST LIKELY HIGHER.
Support at 1.534 and a first target at 1.85
Let's see how this goes.
One Love,
the FXPROFESSOR
INJ Short term trade ideas INJ in the shot term is looking to fill the orange imbalance/footprint areas.
Using tight stops in case these areas fall through suddenly. like in footprint one where price has already reacted twice off of that level so should that support fail, footprint 2 should offer support and a short term bounce back up into footprint 1 area.