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.
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INJUSD trade ideas
INJ long opening @ FVG. Bullish Volant movesBTC ETF is approved which is good sign for overall crypto market. Volant mainnet upgrade today for INJ makes bullies attack, although bears tried to fight quite hard.
Day canddle provides FVG where price will comeback for at least once before reaching TP1.
Also, be aware of 'buy the rumour, sell the news'.
Always happy to have receive a feedback, therefore don't hesitate to comment!
INJ - Can it go up forever?Looking at INJ, like many, I'm blown away at how this seems to have more in the tank - it just doesn't appear to be running out of puff!
Where could it go? In the 2 weeks from Christmas to early Jan, we saw it go from $43~ down to $33~
Could a correction of this type be in the cards again? I think it is only healthy. And if so, does this mean a potential retest of the low $30 range? If it does, I'm tipping we could see a quick dip to $28, but if it does it will quickly get snapped up and bounce back based on fundamentals and a healthy dose of good hype.
Waiting and watching with this one atm.
Injective pullback targets if $37 range does not hold.To my disadvantage I've only been in and out of Injective, not a holder. If we do not hold the $37 range we should have some decent entry points.
The real question I want answered. Which asset will 10x in 2024? Is Injective a 10x candidate? For most investors, it is safer to assume a market cap of 50 will 10x than a market cap of 30. But when Ethereum was $750, who thought $4000 was possible?
Bounce Or Buy Zone Incoming Based on recent price of BTC will see a continuation of this correction estimated 1-5% drop.
As for injective, the market is giving us some possible opportunities. I have a few limit orders set for continued accumulation. I'm not buying a ton, just adding to my current size. Check the levels, Plan ahead and trade safe. Low-Medium Risk Trade Check All Levels, Plan in advance based on risk tolerance. Always us risk management, DYOR and NFA
INJUSD (D1) Buy stop at 43.9COINBASE:INJUSD INJUSD (D1)
Small range pattern after a long and strong price increase
Trading volume decreases during the price base and increases again when the price pushes up
Make a stop loss below the lowest point of the price base.
Buy Stop at 43.9
Stop loss at 36.9
TP will be updated continuously
$INJ- HYPEYou are either doing 2 things with $Injective right now..
1. taking profit from your investment if you got in as low as $2-7
2.Staking on some Defi protocols and position yourself for future airdrop rewards on new project being onboarded on Injective eco-system.
Don't just buy & hold your bag, make them earn you more money
Don't just buy and hold your bag, don't be greedy, take your profit. Rotate those profits and spread it to other potential assets.. (Dont ask which one..go through my ideas,i have been dropping them)
INJUSD Two sell signals for low risk profits.Injective (INJUSD) is rising aggressively within a 1-year Channel Up, currently on its 2nd Bullish Leg of the pattern, supported by both a Higher Lows (dashed) trend-line and the 1D MA50 (blue trend-line).
We expect it to peak on the Channel's top (Higher Highs trend-line) where we will short it, targeting 30.000. If however it breaks below the Higher Lows trend-line earlier, we will sell the break-out and target a potential contact with the 1D MA200 (orange trend-line) at 16.000.
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#injusd 1w Looks amazing in price discovery.Daily bullish pennant(purple) target is around 37,82 but weekly PRZ would probably be around 44,84 which would be a perfect place for shorts finally taking control. Because yellow symmetric triangle target will be complete at the same time with probable 1st wave inside of 3rd wave major count.
Injective (INJ) Integral 350% Increase from October to December
In 2023, INJ has seen an impressive 2000% growth, with a significant 350% increase from October to December. It recently reached a new all-time high of $33.4, and the buying momentum doesn't seem to be waning.
Maintaining the upward trajectory of Injective is key at the moment. Despite never having breached the $32.1-$33.4 resistance zone before, buyers might aim for new levels at $35 and $38, assuming BTC stabilizes above $42,000.
Any correction in INJ is likely to correlate with BTC's potential downturn. If BTC starts a downward trend, Injective could revisit its support zones at $28.5-$29.8, $26.6, and $23.6-$25.
INJUSD Has bottomed and is targeting 33.000Injective is on very stable technicals on the 1D timeframe (RSI = 61.927, MACD = 0.959, ADX = 21.734) as it resumed the rise, keeping clear of the 1D MA50, which remains the Support since since September 29th.
The 1D RSI shows that the market is replicating the early 2023 price action on a fractal which after reclaiming the 1D MA50, it rallied to the 1.5 Fibonacci extension. We therefore turn bullish again, aiming at the 1.5 Fib (TP = 33.000).
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INJ Injective Levels & Lines to Keep An Eye OnIt's funny, i sometimes get some flack for the simplicity (and admittedly ugliness) of my charts. But the truth is, the KISS mentality works especially well in crypto, and with sensible reason behind it. If a trend or support/resistance level is clear to you as a human, you can be sure there are tons of bots playing off it as well.
Anyways, CRYPTOCAP:INJ has had an amazing run up in the past couple months, and many people who are long or holding should REALLY be thinking about getting out, or at least tasking some profit.
Look at it's all time MARKET CAP, not price. imgur.com Also compare its current market cap to other metrics like FDV and TVL, and you'll see we need a pullback soon. But when?
Hopefully this chart can help you make that decision by following along as price plays out.
The Yellow lines are the big picture fib retrace. Will post a zoomed out view in the comments below
INJUSD: Giant Cup and Handle targeting 16.50 before correctionInjective crossed over the 6 month Resistance turned overbought on the 1D timeframe but is still balanced on the 1W (RSI = 68.170, MACD = 0.883, ADX = 23.993), which is where we should be looking at as this is a bullish breakout on the higher timeframes. Technically this can keep rising until the 1W RSI hits well within the 80.000 level. We use this breakout buy signal to target the R1 level (TP = 16.500). This is potentially a giant Cup and Handle pattern that can even go as high as the R2 level (25.500) before pilling back. After that, it will turn into a buy opportunity again when it hits the 1W MA50.
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