Log Plot...This is based on waves and targets are derived off fibs - this is how I potentially see us ending this year as the bull case.
INJUSD trade ideas
INJ Bull Run Started or Not ?In my point of view INJ has two scenarios at the current market price. That is it can be the 3rd wave or the flat correction of 2nd wave. More likely to be a 3rd wave let's see
INJUSD - Could it Top Here For a Bit?Drawing a channel between peaks and lows
I expect a downward move toward the dotted green line
from here however I think the bulls might just take back control.
A downward move makes sense with a structure like this.
$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 PULLED the trigger!!This is what I wanted to see!
Sweep the longs and now to target the shorts!!!
I think we could see a run up like we had seen with File coin over the recent days now.
I have sell orders going up as high as $70 but $65 might be too high.
NOT FINANCIAL ADVICE!!!
INJ is about to light up!I believe that we are about to see some positive moves!
I have been waiting since I missed the last entry.
We might breakout of the range on this move!
Can we hit $60??? I think high 50s are a real possibility.
NOT FINANCIAL ADVICE!!!
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.
Injective Protocol, INJPretty simple. Support being built by both upward accumulation and ranging after sweep.
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!
INJ ABOUT TO BREAK BULL FLAG We are in consolidation area of Bull Flag and if we break from here we expect 60% + move up, we have supply zone in front us may slow up the move.
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.
INJ at Wave 4 CorrectionMy primary count considers gray wave 4 is happening as a flat correction.
We are in a solid support zone, but I believe we will test lows again before going after wave 5.
Ideally, I´d like to see divergence on the 4H timeframe before taking longs.
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.
INJ will compete with CEX's?Ever felt like the markets are manipulated? That there are hidden forces manoeuvring prices this way and that, like puppeteers pulling the strings? Regardless of whether this happens or not, the capacity for centralised exchanges or market makers to do so is most definitely real.
Enter decentralised exchanges and more pertinently, Injective Protocol. INJ is a fully permissionless, Binance-backed, finance-centric blockchain, that acts as a platform to trade derivatives, execute smart contracts and build dapps. All transactions and operations are carried out on-chain, reducing manipulation risk and the use of centralised order books.
INJ has already performed a massive 20X in the last 12 months, outperforming the large cap alt-market massively, especially when you consider it has already been through a bull run (admittedly without some major exchanges listing the token). I'm not in INJ, but will be looking for dips to get in on, with the levels above being areas of interest, gradually increasing my buy amount, if it dips more and more.
Wyckoff Distribution on INJ (1H)INJ is showing signs of a massive sell-off coming soon. Here is the explanation for this Wyckoff Distribution:
PS (Preliminary Support):
Initial support forming after a prolonged downward movement. Indicates substantial buying with increased volume and wider price spreads, signaling potential end of the downtrend.
SC (Selling Climax):
Point of maximum selling pressure and panic among the public, absorbed by larger professional interests near a market bottom. Often sees a price close above the low, reflecting buying by these larger interests.
AR (Automatic Rally):
Follows a decrease in intense selling pressure, marked by an easy wave of buying that pushes prices up, often fueled by short covering. The rally's high helps define the upper boundary of an accumulation Trading Range (TR).
ST (Secondary Test):
Revisits the SC area to test supply/demand balance. Confirmation of a bottom involves diminished volume and price spread. Multiple STs are common after a SC.
LPS (Last Point of Support):
Low point of a pullback after a SOS. Pullback to former resistance turned support, with diminished spread and volume. There might be more than one LPS on some charts.
Follow if you like this kind of analysis!
