INJUSD Bottom of the Channel Up. BUY.Last time we looked at Injective (INJUSD) was 4 months ago (December 18 2023, see chart below) and gave us an excellent sell signal that hit the 30.000 Target:
The price now sits at the bottom of the Channel Up and this is the most optimal buy entry for the long-term. We expect another +715% rise, targeting 150.00.
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INJUSD trade ideas
Injective (INJ) Takeoff as Whales Accumulate, Price Eyes $55Currently hovering around $31.00, which I consider a strong support level, INJ is well-positioned for a breakout. I believe the token has the momentum to reach $55 and even surpass that mark, fueled by the recent whale activity.
Strong Support Level: The current price of $31.00 is seen as a crucial support level. If INJ can hold firm at this point, it could signal a bullish reversal and pave the way for further gains.
$INJUSDT Breakout and Retest Successfully done!!!The purpose of this setup is to provide an analysis that suggests if the current market conditions are bullish or bearish, potential entry and exit points, and to identify key levels of support and resistance that might influence future price movements. It is important for the community to know that such technical analysis is based on historical data and patterns, and it does not guarantee future price movements. All investments and trades come with risk, and one should only trade with money they can afford to lose.
Now we move to the analysis. What are my considered parameters for this trade?
Price Action: The setup shows the priceaction of Injective in a Daily TF. There has been a recent uptrend as indicated by the price being above the 50 EMA line, which is the green curved line on the chart.
Fibonacci Retracement Levels: The chart shows a clear bounce off the 0.618 level from the recent dump, which could be seen as a potential support level and which confirms as well the Fibonacci setup that we have for this Trade.
Bullish Pennant Pattern: The purple lines show an ascending trendline as support trendline and a descending trendline as a resistance trendline. These two formed a perfect Bullish Pennant Pattern, from where the price broke and retested recently with the recent dump that we had in the market.
All these points speak for a long trade here taking no more than a 200% TPR to reduce risk and not be greedy as well.
I will keep posting follow ups and updates on this trade. Good Luck
INJ .. Looking impressive.If this chart plays out.. WOW.
I like what I am seeing even if BTC pulls back hard.
INJ got on top of the pennant and appears to be holding trend. The 40SMA is in play for a bounce.
I can easily see this filling the whole flag pole as long as the BTC - ETF buying continues.
I would be looking for a new shape to form between the 1 fib. $58.90 area and 1.272 $66.65 area for the next push up to the 1.618 fib. $76.00 range.
IMO that would be wildly fun to see.
Gather some profits at the key zones.
INJ.. Still on trackNot much has changed with this chart.
We are working the pennants' range currently and watching that 200 sma.
BTC will decide the fate of the direction.
If the break out happens to the up side. Wow!, it looks really good.
Keep the stops active and protect them profits.
I cleaned up the chart some to help see the action better.
still looking good in the long run?If timing were to get any better than right now than the timing is now. Possible breakout to the upside long entry with enough volume to support current price and push past resistance before it rises even further.
Looking good for some of the following especially if btc and eth continues to hold its current value.
Possible Trend Reversal in INJ/USD? Double Bottom Formation MeetINJ/USD Technical Analysis:
Double bottom pattern potentially signals a trend reversal on the daily chart.
The pattern's validity and potential impact require further observation.
POC may act as potential resistance if the price attempts to break upwards.
BUY Injective here @ $38.8 for a 40% + Gain - Long $INJ toThis is a play all too familiar.
while other alts have run and made new all time highs over the last few months, one of our early, strong performers in the crypto market has become boring, while building a strong base fro 67 days.
Injective is finally starting to turn up and reach the $40 dollar range for a third time after breaking down from it's previous all time high. I thoroughly expect this crypto to reach new all time highs!
it's also crossing over it's 10/20 day EMAs. Volume looks stronger and will likely continue to climb. I can do nothing but buy the coin.
Entry $38.8
Target 1: Previous All time High.
Target 2: $56.00
Target 3: $60.5
This base looks really strong. So unless we expereince strong underlying market bearishness, ALL DIPS ARE FOR BUYING MFers!
INJ... Interesting case.Lots going on with INJ.
You have a Pennant that is about to make a deciscion .
a. if it breaks out on its own it could get to the $60.00 range. based on the break out area and the flag pole length.
b. if it breaks down and under the 200 sma you will have a very ugly bart simpson pattern. that could be a 40% drop down below the 0.618 fib to previous support and break out.
So i think the best scenario would be INJ makes contact with the 200 sma and respects it.. pushes up some goes side ways for a few days and then breaks out before BTC moves down. * i believe BTC is due for a correction of about 9 to 14%.
if my BTC projections are off then INJ has a really good chance to move up to the $60.00 range.
Good luck and play with protection.
Advanced Multi Indicator Strategy - Buy signal on INJI am testing a new script which overlaps many data.
Short and Long-Term EMAs: For trend identification.
RSI: To gauge market momentum.
MACD (Moving Average Convergence Divergence): For both trend following and momentum, with the histogram providing visual cues on momentum shifts.
Volatility Calculation: Helps in understanding market stability or turbulence, potentially indicating periods of higher risk or opportunity.
This indicator shows the same pattern INJ repeated and I expect in the next 19 days a 133% price increase, up to $73.
1D Inj/USD BUllFlag Breakout.Inj/Usd has been ranging for the past 61 days in a bullflag and is gearing up for new alltime highs. My target is a solid $50 dollar because of a strong psychological level. We need to break the trend line and retest trendline to confirm breakout. Supertrend also turned to a buy signal on the 1 day chart. I think once we break the $40 dollar level, 50 dollars is in play. Please use proper risk management and not financial advice.
Please leave a comment about other opinions!
Injective: down on the short term, up in the long runI wouldn't consider buying Injective at the moment. The price surged sharply from $6 to $40, and a pullback after such a steep increase is only logical. The presence of a yellow horizontal line above two peaks suggests an upcoming downtrend, which indeed occurred. While the fundamentals of Injective are sound, there's a possibility it could experience a further $10 drop in a corrective move. Following this consolidation, it might find its way back up, and in that upward trajectory, it's likely to surpass its all-time high (ATH) of $45. From there, it's expected to reach at least $66.9. However, predicting the new ATH depends on market conditions, and it's challenging to foresee when an upward trend will halt.
INJUSD Kraken pair Double Top, bearish signsInjective Protocol had a blast in the second half of the year 2023. It looks like BTC ETF hasn't such an impact and new money hasn't flowed into the market as expected.
INJ has a double top formed, and the daily candles trendline is being tested at the moment. If it breaks, a nice correction (which is healthy) for the price foreseen.
always happy to hear other opinions.
INJ/USD Long position opening 4HInjective shows bullish trend towards Volan mainnet upgrade.
Fair Value Gap is taken from daily chart, where price should come back at least once before heading to TP1.
Bulls are supported by BTC ETF approval by SEC, therefore I don't see any bearish movement is short period.
Be aware of 'buy the rumour, sell the news' movement.
Always happy to receive feedback, therefore don't hesitate to comment.