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INJUSDT trade ideas

Is INJ Coin Heading for a Deeper Correction?After the significant hype surrounding BINANCE:INJUSDT during the winter and spring, the coin's price began to decline, losing over 50% from its peak in the initial drop. However, by mid-September, the price made a recovery, climbing back above the important $20 mark and breaking through the descending trend line of a falling channel. While this upward movement appeared to be a bullish signal, the momentum failed to push the price towards the $30 resistance level. Instead, it retreated back to the $20 support level. Looking ahead, I anticipate that the $20 support level may soon be broken on the downside. If this happens, we could see an accelerated price drop, possibly bringing the price down to $10. The current price action suggests weakening support, raising the likelihood of a deeper decline in the near future.
Short
by Mihai_Iacob
3
Injective (INJ) - 60% correction in the months aheadOn the above weekly chart price has enjoyed a massive 3000% rally. A number of reasons now exist to be bearish. They include: 1) Broken market structure, failed support. 2) Trend reversal. 3) High negative divergence. Almost as strong as the positive divergence the rally began with. 4) The target areas for support include 60% and 80% correction to $8 and $5, respectively. 5) This should take about 1 year to play out. Is it possible price action continues printing higher lows? Sure. Is it probable? No. Ww
by without_worries
6
Injective (INJ): A Setup You Shouldn't Miss!Injective's chart is setting up for something big. Let's look at what's brewing and how you can make the most of it! Key Chart Observations ‣ EMA200 Test: INJ broke above the crucial 200 EMA. This is always a key level to watch for any trend reversals. If INJ can hold above this level, it will signal a major shift in momentum. ‣ Descending Channel: Besides the EMA, INJ is on the verge of breaking out of its descending channel. This channel has been intact for months, and a breakout here could trigger a significant rally. What’s Next? We could see an explosive move if INJ confirms the break above EMA200 and moves out of the descending channel. Given the chart structure and momentum building, I expect a potential 65-70% move from here, with the first logical target around the $38-$40 range. Trade Setup ‣ Entry: Watch for a daily close above the EMA200 and the upper boundary of the descending channel (~$24.00) ‣Target 1: $30 (+30% potential gain) ‣ Target 2: $38 (+65% potential gain)Stop Loss: Set below $20.00 to manage risk The volume supports the price action, and if we can break these key levels, the path to a massive upward move is clear. -- Key Facts about INJ: - Market Cap: $2.25b - CMC Position: 44 - Trading Volume (24h): $135m - Circulating Supply: 97m - Total Supply: 100m
Long
by ben_walther
3
Alikze »» INJ | Ascending channel - 12H🔍 Technical analysis: Ascending channel - 12H - In the analysis presented in the previous post , a corrective wave was carried out up to the green box area, which has entered an upward phase in the green box area after the demand. - Currently, in the 12H time frame, it can have a growth up to the range of $25, which in case of a pullback to the middle of the channel, it will have the ability to continue growing up to the top of the channel. - If the $25 zone fails, it will have the ability to continue growing up to the supply zone. 💎 Alternative scenario: In addition, if it faces selling pressure in the range of $25 and loses the middle of the channel, it can continue to correct at least up to the Fibo range of 1.618 and the price range of 18.75. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:INJUSDT
Long
by UnknownUnicorn7266498