INJ symmetrical structure target 14.312h time frame
-
INJ is creating a potential symmetrical structure, which is corresponded to left wave from 14.9~1.18(12th Nov 21" ~ 1st Jul 22"). Secondly, INJ got support at 0.5 and 0.382 Fibonacci Projection(depend on different waves). Moreover, higher high trend is making for a while and it's clear to set SL for opening long.
TP: 14.3
SL: 6.238
Injusdtlong
INJUSDT at 4h support, likely to head up to 7.40-7.44Here is a long trade idea for this pair. The price has come to 4h support and a bounce is likely. I think this level will provide the needed support and price will make a reversal here at least to make this long idea favorable. The target of this long trade is 4h resistance zone 4HR1. This resistance zone is sitting around 7.40-7.44 area.
INJUSDT 21/09 MovePair : INJUSDT ( Inj / Tether )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Short Time Frame , In STF it has breakout the Lower Trend Line but didn't Completed Retracement. It has Completed " 1234 "Impulsive Wave if Rejects with Strong Bullish Price Action then Long
INJUSDT at 4h support, likely to head up to 4h resistance zoneI think its time to take a long trade now. The price hit the 4h support zone 4HS1. This was our short trade idea from 4h resistance 4HR1 to 4h support zone 4HS1. Since the price has hit the 4h supprt 4HS1 now, it is likely to bounce from here again towards 4HR1. Therefore, a long trade is favored here.
INJUSDT looking bullish for short termThe price hit the daily support and bounced from there. Missed this opportunity as I was out and could not monitor this opportunity. The ideal long would have been 4 hours ago where the price pulled back after the bounce from the daily support zone DS1. Anyways, the outlook for short term trades are looking to be favoring long side. Any pullback to 6.40-6.46 is for buy towards 4h resistance 4HR1 provided the price has not hit the 4HR1 zone before doing so. I think the price has a possibility to move beyond that resistance level but I will wait for a good entry. Till then lets wait.
INJUSDT at daily support, likely to head to 6.99-7.06Here is a long trade idea for INJUSDT. The price is currently trading around daily support. I think the price is likely to move towards the 4h resistance 4HR1 sitting around 6.99-7.06. It is also possible that the pullback from the push upward towards the daily resistance DR1 is almost over and we may see further move up beyond that resistance. But let us stick to this long trade and target 4HR1 zone as the target of this trade.
INJUSDT 05/09 MovePair : INJUSDT ( INJ / U.S Dollar )
Description :
Bearish Channel in Short Time Frame and it is Rejecting from the Strong Support making Consolidation Phase , If it Breaks the Upper Trend Line then Buy and if it Breaks Lower then it is Possible that it will Reject from Daily Resistance
INJUSDT at daily support, long favorable as bounce is likelyHere is a long trade idea for INJUSDT. The price has hit the daily support. This support I believe will hold for a while at least and provide some bounce favoring a long trade. The price has currently bouncing from the top of the support zone. However, its possible that the price will tap further into that zone. I will allocate some size here and some later when the price dips into that zone deeper. There are two resistances on the way up which are relevant for this trade. One is hourly resistance HR1 and another one is 4h resistance 4HR1. I think hourly will resist the price but will give the way for the price to move up to the 4h resistance after a bit of struggle there. Therefore, some profit booking at that hourly resistance is recommended. And if everything goes as planned then the price should hit 4h resistance 4HR1 and in turn concluding our long trade idea. Lets see how it goes.
INJUSDT likely to come down to daily support and bounceHad a look at chart too late for a short. Else was a good opportunity on retest of 4HR1 resistance. Now we look for long. Price currently at the 4h support and can see some bounce here but I think it is likely that it is coming towards daily support. A better and favorable long entry is from daily support. Lets have the target dynamic for this one but for now lets keep the 4h resistance 4HR1 as the target.
INJUSDT close to 4h support, long favorable from thereThe price is coming to 4h support zone 4HS1. It is likely that the price will bounce from there. This makes a long trade favorable from there. The price is likely to head towards hourly resistance around 7.91-7.94 zone. The target of the trade should be this zone around 7.93.
INJUSDT to bounce from daily supportThe last long did not work out. We had a bit bounce from the 4h support but it was not substantial to fulfill our trade goals. However, the price has now come to the daily support. This zone is a pretty strong support zone and will provide support to the price and the price is likely to hold this level at least to allow the price to bounce good enough for a long trade. You can see on the chart that this level has held the price in past when the price hit this level several times and finally provided a good upward move. And therefore, I believe this is a good level to go long spot. The trade idea has been put on the chart but it can be adjusted as per the need. The idea is not to lose this opportunity due to just a spike on the
down side.
INJUSDT to head up towards 9.53The price has been rejected from 4h resistance 4HR1. The price has come back near the hourly support HS1 and now trading below it. From the price action, it seems the price is going to bounce here. This makes a long trade favorable here. The target of the trade should be 9.53.
INJUSDT to come to down to 4h support for a bounce to 9.65For this one a long entry would be 4h support zone which is sitting around 8.68-8.73. The price has rallied close to 9.93 and then retraced back. It is currently trading above the 4h support 4HS1. But I expect it to hit that support and then bounce from there. A long trade will be favorable from that 4HS1 support zone towards the resistance zone 4HR1. The target of this trade should be 9.65.
INJUSDT at daily support, likely to head to 8.i36It seems that the price is ranging between the daily support and 4h resistance 4HR1. Since the price is again at the daily support, it makes the long favorable from there towards 4h resistance 4HR1. Though there should be some resistance at the level 4HS1 as that had and would act as a resistance when the price would try to move to the upside. Lets take this long trade with a target of 8.36. By the way at the time of posting it, the price has already bounced from that daily support level. So will wait for a better entry and add size slowly.