INJUSDT
Injective- Drop to 20?BINANCE:INJUSDT is another token that has received a lot of hype this year, but, similar to LCX's situation, all this hype hasn't led to a price increase.
If we look at the chart, we can see that after breaking above the important $10 resistance level, the price sharply rose by 400%.
However, after initially surpassing $40, INJ entered a consolidation phase.
Upon examining the weekly chart, it becomes evident that rallies above $40 were met with selling pressure.
Additionally, yesterday, following a new attempt to exceed $40, the price experienced a significant drop. In my view, these are all signs of a potential reversal.
Technically, as previously mentioned, the $40 zone acts as a strong resistance while $30 serves as a clearly defined support level.
A breach below this support could drive the price down to the next support level at $25. However, given the prolonged distribution around the $40 peak, I wouldn't be surprised to see Injective fall to $20 in the long run.
INJ/USDT LongHello,
We see that INJ/USDT has moved in accordance with the Fib Retracement levels in the channel it has been in since January 10. I expect the mini correction that started with the RSI rising above 70 to end in the Fib 0.5 region.
In other words, I predict that INJ/USDT pair will find support at $36.20 levels, continue its rally and reach around $41.
Cheers,
Alikze → INJ | Support range $34In time H4, after supporting in the green box range and escaping from the corner pattern, it managed to rise to the first supply area. If it stabilizes above the 34.35 range and the candlestick confirms the return, it will be able to continue the path to the next supply range. Otherwise, it will correct up to the limit of the OB.
🟩Sup: 34.35$
⛳️Tp 35.94
⛳️ Tp2 :38.28~39
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INJ/USDT READY FOR A BIGGEST PUMP!! TARGET WILL BE $200Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this INJ/USDT Trade setup.
INJECTIVE PROTOCOL (INJ) looks super bullish here. Breaks out from the bull flag in the daily time frame. Buy some here and accumulate more in the dip. Expecting a great 400-500% pump in the upcoming bull run.
Entry range:- $35-$38
Target1:- $76
Target2:- $112
Target3:- $160
Target4:- $216
Invalidation:- Daily close below $32
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Support-turned-Resistance Structure with Bullish MACD DivergenceSupport-turned-Resistance Structure with Bullish MACD Divergence and Volume Profile Analysis
Summary:
This trade proposal focuses on identifying a support-turned-resistance structure around the 33.75 level in Injusdt. Previous resistance turned support, combined with a bullish MACD divergence, suggests a potential buying opportunity. Utilizing Volume Profile analysis, we aim to determine profit-taking levels near the upper boundary of the 70% volume area.
Technical Analysis:
Support-turned-Resistance Structure: The 33.75 level has previously acted as both resistance and support, demonstrating its significance in the price action of Injusdt. After being breached twice, it now serves as support, indicating a potential shift in market sentiment.
Bullish MACD Divergence: A bullish divergence has been observed in the MACD indicator, where the price forms lower lows while the MACD forms higher lows. This discrepancy suggests weakening bearish momentum and a potential reversal to the upside.
Interpretation:
The confluence of the support-turned-resistance structure at 33.75 and the bullish MACD divergence provides a compelling case for a bullish trade. By utilizing Volume Profile analysis, we aim to identify profit-taking levels near the upper boundary of the 70% volume area, where significant selling pressure may emerge.
Trade Plan:
Entry: Consider entering a long position once the price rebounds from the 33.75 support level, confirming its role as support. Alternatively, wait for a bullish candlestick pattern or a break above a key resistance level to confirm upward momentum.
Stop-Loss: Place a stop-loss order below the 33.75 support level to protect against potential downside risks. Adjust the stop-loss level based on the volatility of the asset and your risk tolerance.
Take-Profit Target: Utilize Volume Profile analysis to identify the upper boundary of the 70% volume area as a potential profit-taking level. This level may act as a significant resistance zone where selling pressure could increase, leading to a potential reversal or consolidation.
Risk Management:
Manage risk by sizing positions appropriately and adhering to proper risk-reward ratios. Monitor the trade closely and consider adjusting the stop-loss and take-profit levels as the trade progresses.
Disclaimer:
Trading carries inherent risks, and there is no guarantee of profits. Conduct thorough analysis and consider all factors before making trading decisions. Utilize stop-loss orders and risk management strategies to mitigate potential losses.
INJ ANALYSIS🔮 #INJ Analysis - Breakout Trading 💰💰
🌟🚀 #INJ is trading in a Bullish Flag Pattern in 8h time frame. We can expect a long rally in #INJ after breakout.💲💲
🔖 Current Price: $35.56
⏳️ Target Price: $47.12
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#INJ #Cryptocurrency #DYOR
INJ NEW UPDATEOn the chart, from where we entered "START", we seem to see a correction.
This correction seems to be a diametric.
There was a suitable place for the termination of the D wave on the chart, which we marked with red color.
If the price reaches this range, you can enter a sell/short position.
We have specified the targets on the chart.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
inj breaking out already on uptrend and finally breaking another bullish continuation pattern expecting massive bullish rally in coming days
breaking bullish flag and expecting successful breakout successful breakout can lead another solid move towards 50 to 55$
keep eyes on injective for confirmed breakout
INJ - Is the Bull Rally Over?📉Hi Traders, Investors and Speculators of Charts📈
With this chart, we aim to identify the current phase of INJ by using the Wyckoff Method . The Wyckoff Method can be extremely technical and complicated, with many phases, sub-phases, sub sub phases etc. The four main phases of the market cycle are accumulation, markup, distribution, and markdown. On this specific chart, we're taking a look at what comes next after the big bullrun is completed.
Furthermore, a brief look at the phases:
Start of the Bullish Cycle:
The price start increasing rapidly, often making parabolic increases. Pullbacks are short-lived, and the rally continues afterwards.
PEAK:
This is the clear ATH that is established by the bullish cycle. This is where the buyers run out and the tables turn to where sellers start to dominate for the upcoming bearish phase.
Failed Rally:
The buyers try one more time to push past the previous high, but fail. Instead, a lower high is made and is usually marked by a bearish pattern or double top candlestick.
Accumulation Phase:
This is usually considered the boring zone. This is where price trades range for a long period of time, whilst whales bulk up for the bullish cycle to come next.
All of the above in mind, I believe we are currently trading towards the failed rally phase. This means that we may still test support zone / resistance zone multiple times, until either the bears or the bulls take charge.
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CryptoCheck
BINANCE:INJUSDT
🚧INJUSDT will Go Up Again🚧 Road Map(6-H)🗺️!!!Hi .
-Due to the ascending structure of the chart
- High potential areas are clear in the chart
- You can look for reasons to enter according to your own personal strategy after approval.
CRYPTOCAP:INJ has support levels at $29 and $24 which are good areas to place buy orders 📝
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✅ Thank you and for more ideas ❤️ like ❤️ and 🌟 follow 🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
INJUSDT.4HBased on the provided market data, INJ is currently trading at $34.49 with a 4-hour RSI (Relative Strength Index) of 55.63, which is a neutral territory. The 4-hour MACD (Moving Average Convergence Divergence) is positive at 0.63, indicating an upward momentum. However, it's slightly below the 4-hour Bollinger Band midpoint of 36.26. The immediate supports on the 4-hour chart are at $33.90, $31.80, and $30.20, while the resistances are at $36.41, $38.30, and $39.60.
On the daily chart, INJ has a neutral RSI of 50.51 and a negative MACD of -0.66, suggesting a lack of clear direction. The immediate supports are at $33.80, $30.77, and $29.20, and resistances at $39.40, $41.90, and $43.90.
The 7-day data shows a high RSI of 70.22, indicating the crypto is overbought, and a MACD of 7.35, suggesting bullishness. The supports are at $23.10, $17.60, and a notably low $5.16, while the resistances are at $45.30, $52.10, and $60.30.
In conclusion, INJ shows mixed signals on different time frames. While the short-term (4-hour) and long-term (7-day) data indicate bullishness, the daily data suggests a lack of clear direction. Traders should monitor the market closely and consider these levels while making decisions. It's always recommended to incorporate other market factors and risk management techniques in trading decisions.
INJUSDT: Potential Bullish ContinuationINJUSDT Technical analysis update
INJ has formed a symmetrical triangle pattern after reaching a new all-time high. A breakout from this pattern could indicate the potential continuation of the uptrend.
Buy level: Below $35.5
Stop Loss: $31.00
Mid Term Target: $50
Long Term Target: $100
Regards
Hexa
INJ(INJECTIVE) is about to moon(100X)??So after i have been watching INJ, I realized that just like all the other Tokens, coins etc, is it as well in correction, basically market has been moving sideways, choppy, while correcting.
So since 43 to 45 dollars, INJ was hitting resistance, while on the lows around 29 and 30 dollars it was hitting or on support, basically price is struggling to break above or below this range.
Based on the cycle count:
you can see we have a WXYXZ correction cycle pattern, which just completed around 30 dollar price,
And on the current price is where I am looking for long orders.
Scroll-back to see the whole analysis.
INJUSDT Next target $80??INJ/USDT is showing signs of a breakout from resistance, aiming for the $80 mark with expectations of doubling returns within this range. For those considering an investment strategy, buying and holding INJ/USDT appears promising amid the resistance breakout. Traders eyeing this opportunity should closely monitor the upward momentum and potential for substantial gains in the near term.
ROSEUSDT (1W Chart) Technical analysis
ROSEUSDT (1W Chart) Currently trading at $41.5
Buy level: Above $41
Stop loss: Below $32.5
TP1: $45
TP2: $55
TP3: $65
TP4: $80
Max Leverage 2x
Always keep Stop loss
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INJ/USDT Keep an eye! Could INJ Break out the Bullish Pennant ??💎INJ has recently exhibited notable market dynamics. After making a strong bounce from the support trendline of the Bullish pennant pattern, INJ is now approaching the resistance area.
💎 A successful breakout above this resistance could potentially lead to a breakthrough of the pattern itself, paving the way for INJ to revisit its all-time high resistance levels.
💎 However, if INJ fails to breach the resistance and experiences rejection, the price may retreat back towards the support trendline within the channel.
💎 Failure to sustain and rebound from the support trendline could signal further downside potential, with the price potentially targeting the support area.
💎 The support area represents the final line of defense for the Bullish trend of INJ. A bounce from this level is crucial, as a breakdown could lead to a significant downward movement towards the Bullish Order Block (OB) area, which presents an attractive long-term buying opportunity.
🎮📉 INJ Analysis 🚀💡📊 Chart Observation:
INJ has retraced to test the bottom of the two-month range area of support.
📉 Trade Strategy:
Laddering In: Planning a long spot trade between $28.50 - $31.00.
Profit Target: Aiming to take profit at the top of the range resistance area of $42.00 - $45.44.
Stop Loss: Set just below $28.00.
🚀 Market Sentiment:
Belief in the gaming narrative primed for an upside rally, with INJ as a potential performer.
🚨 Note: Market conditions may influence outcomes.
Game on!
🎮📈 #INJ #CryptoTrading #GamingCoins 🚀💡