INJUSDT trade ideas
Injective (INJ): Good Chances For Drop SoonAn injective coin has a good possibility of a downward movement happening soon.
We see a similar pattern to form here where after each rejection from EMA we have formed a lower low with those drops.
So far we had a good rejection but yet not the full drop we need to see so eyes on lower zones here!
Swallow Team
INJUSDT Price Rebounds from Key Support Zone!!The INJUSDT price has shown a strong bounce from a major support zone, supported by significant trading volume. This momentum looks promising, and after a minor retest, a substantial upward movement is expected, potentially reaching a new all-time high. However, it’s crucial to always set a stop-loss to manage risk effectively.
INJUSDT (1D Chart) Technical analysis
INJUSDT (1D Chart) Currently trading at $18.5
Buy level: Above $17.5
Stop loss: Below $14
TP1: $22
TP2: $29
TP3: $33
TP4: $45
Max Leverage 3x
Always keep Stop loss
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$INJ 1W chartCRYPTOCAP:INJ 1W chart;
Always looking at the charts on the higher timeframe protects you from possible minor pitfalls.
The first thing that stands out in the big picture is that the last bullish candle, although voluminous, had the 50 EMA (yellow line) working as resistance and after touching it, it experienced a pullback.
As long as it stays below here, it's not bullish.
On the other hand, the falling trend line (red) will act as resistance to suppress and stay below it. Even if it closes above this trendline today, if it fails to close above the 50 EMA next week, there is a high probability that it will retreat back below the trendline.
It would not be a surprise if it visits the IMB area below the $14 level it tested earlier. There's a 50% difference between it and the current level, is that enough to intimidate you? If Bitcoin makes a sharp pullback, these odds could make you some nice money.
Inj Re-Accumulating For Next Major Move Up?After a sufficient pull back into the golden zone of around 62% on this weekly line chart we see big mover INJ has been losing down ward momentum into major volume base support.
Looking at our weekly lows we can see nice curvature showing momentum slowing to zero and our wave trend oscillator is right in the time period we should be looking for upward action.
The vertical lines are proportional dates using the gann box and following the momentum of our wave trend osclillator they both seem to be pointing to the same time periods. Hopefully that change is to the upside 150% higher.
First target area of $30-33 is a simple golden pocket retrace to the upside and approximately 35% higher than the current price.
Second target is $48 from the gann box. I removed the gann box to not over crowd.
Highest Target is a 150% expansion of the range. Using the Fib Retrace tool set from swing high around $45 and swing low around $17 this would be the 1.5-1.168 expansion area around $55.
The octave scale levels also algin very nicely on these weekly close prices with the top of the scale also reach in the $50-$60 area.
So with all that said there is a lot of confluence to indicate a high potential for upside. How much and how fast or any at all is unfortantely unknowable but all techncial forms of "edge" say go....at your own risk of course.
Trade Well...
Your Friend,
Degen
#INJ/USDT#INJ
The price is moving in a descending channel on the hourly frame and we are about to break it
We have a bounce from a major support area in green at 14
We have an uptrend RSI that has been broken upwards
We have a trend to stabilize above the 100 moving average which supports the upside
Entry price 18.00
1st target 21.00
2nd target 23.32
3rd target 26.09
INJ, when its on SALE, BUY and buy more! Don't doubt.INJ corrected to 15 levels after reaching a high of near 20.
The valuation on this coin has grown so much to extraordinary levels from its measly lows.
Now its back at the bargain range again and delivering a message of "BUY ME, DON'T ASK". lol
INJ has delivered consistently since bouncing off an outrageously lows of $1 since the start of the year. It has yielded so far around 1500% and it won't stop from here as the industry has considered INJ to be a top gun coin that's aligning itself to be one of the most sought after in the market because of progressive developments -- leveling itself with the likes of LINK, ADA, XRP, BTC, ETH, XLM.
Expect more RISE from here on.
Spotted at 15.0
TAYOR.
Safeguard funds always.
Why I Don't Consider Trading Injective Protocol (At The Moment)Based on pure numbers, INJ isn't doing that badly. Especially compared to many other altcoins.
Certainly, it is down ~60% from its March peak. But hey, tons of other tokens dived much deeper.
Moreover, INJ trades at a level far away from its bear market lows. Again, many other coins are close to their lows or even below.
So, it's all good. Let's set up some trades. Uhm, no.
When looking at the chart, you can hear voices "Don't long me" very loudly.
Here's why:
1️⃣ Downtrend Channel: INJ trades in a strong downtrend channel defined by several lower highs and lower lows. This chart pattern definitely represents an environment in which you don't want to go long.
2️⃣ Strong Sell Pressure: Looking at the volume reveals another important aspect: The bears haven't lost steam and keep the selling pressure high. Accordingly, a reversal is unlikely.
3️⃣ EMA 200: The price trades clearly below the long-term moving average. And we all know that trading against the trade isn't the smartest thing.
Even trading the channel trend lines is not an option, in my opinion. As you can see in the charts, INJ has traded most of the time at the lower trendline.
- It touched the lower trendline 5 times (upper trendline only 2 times)
- After touching, it remained at the lower trendline for a longer time (directly bounced at the upper trendline)
- Bounces from the lower trendline did not always lead to reaching the upper trendline.
Overall, INJ simply doesn't offer a solid setup for trades on the higher timeframe, like the 4H or 1D chart.
Inj chart I'm taking a long position on INJ (Injective Protocol) due to its strong fundamentals and promising market developments. With ongoing innovations in DeFi and a solid community backing, INJ is poised for growth. My entry is based on recent technical analysis, showing support around key levels, and the overall bullish sentiment in the market. Remember, do your own research and manage your risk accordingly. Let’s ride this wave together! 🌊
INJUSDT düşeni kırmaTeknik analizde bir hisse senedi, emtia veya başka bir varlık "düşeni kırarsa" (yani düşen trend çizgisinin üzerine çıkarsa), genellikle bu durum bir trend değişiminin işareti olarak kabul edilir. İşte bu durumda olabilecek bazı senaryolar:
Trend Değişimi: Düşen trendin kırılması, düşüş eğiliminin sona erdiği ve yükseliş trendinin başladığı anlamına gelebilir. Bu durumda, fiyatlar yukarı yönlü bir hareket sergileyebilir.
Hacim Artışı: Düşen trendin kırılması sırasında işlem hacminde artış gözlemlenebilir. Bu, kırılmanın geçerliliğini destekleyen bir sinyal olarak yorumlanabilir.
Fiyat Hedefleri: Teknik analistler, düşen trendin kırılmasından sonra fiyatın önceki direnç seviyelerine doğru hareket edebileceğini düşünürler. Bu nedenle, kırılma sonrası belirli fiyat hedeflerine ulaşma olasılığı artar.
Fiyat Dalgalanmaları: Kırılma sonrası kısa vadeli geri çekilmeler olabilir. Bu, bazı yatırımcıların kârlarını realize etmesiyle oluşabilir, ancak genel trend yukarı yönlü kalabilir.
Destek/Direnç Değişimi: Düşen trend çizgisi, kırılmadan önce direnç olarak çalışıyorsa, kırılmadan sonra bu çizgi destek görevi görebilir.
False Breakout (Yanıltıcı Kırılma): Her kırılma gerçek bir trend değişimi anlamına gelmez. Zaman zaman yanıltıcı kırılmalar olabilir. Bu durum, fiyatın kısa süre sonra tekrar düşüşe geçmesiyle sonuçlanabilir.
Düşen trendin kırılması, genellikle olumlu bir sinyal olarak görülse de, yatırımcıların dikkatli olması ve diğer teknik göstergeleri de göz önünde bulundurması önemlidir.
$INJUSDT.P Long idea #2Unfortunately the first idea for a BINANCE:INJUSDT.P long didn't come to fruition. BINANCE:INJUSDT.P moved to its lower end of weekly value just as I was anticipating a reversal on Bitcoin. This provided an opportunity for a buy along with Bitcoin.
As mentioned, this idea is based on a Bitcoin long idea that I just posted. After all, alt coins rarely move up without Bitcoin in their company! Link for Bitcoin idea below:
$INJ short term long for this weekThis trade goes hand in hand with one of my recently posted ideas about INJ. I believe INJ is about to begin trending up (along with BTC). Entry at weekly value high retest, targeting year's value low at $23. INJ has outperformed most of the market today, including BTC!
INJ - To new High after breakout#INJ/USDT #Analysis
Description
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+ INJ Price has hit the horizontal support while trading inside the channel.
+ I'm seeing a strong reversal from the horizontal support. This reversal could push the price higher and breakout from the channel.
+ You can enter the trade now for high risk or wait for the breakout.
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VectorAlgo Trade Details
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Entry Price: 19.29
Stop Loss: 13.05
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Target 1: 22.60
Target 2: 27.22
Target 3: 34.52
Target 4: 44.58
Target 5: 62.33
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Timeframe:1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo