INJUSDT trade ideas
INJ (the strong bull )INJ / USDT
INJ showed strength in every flash crash since last few weeks and today it make a new ATH !
Its kind of behavior/ price action only reminds me of BNB and SOL in 2021 !
I want to see it consolidating and holding above its previous ATH in order for push more
Could it repeat BNB 2021 or SOL 2021 again ?
#DYOR
📊#INJ short structure goal is achieved, be cautious in shorting🧠We began to stabilize after completing the goal of the double-top short structure, and during the decline, we swept the liquidity pool below and began to rebound. Considering that the general direction is bullish, we can still expect to continue to rise📈
⚠️Note that if we continue to break below the bullish defense level, the bullish view will be invalidated.❌
Let’s see 👀
⚠️Note that technical analysis is for reference only, don’t forget risk management. If you find it useful, please don’t forget to follow, like and share my analysis post📤
INJ a much needed resetINJ is my largest holding and WAY overheated here, price discovery is a fickle beast. I would love to see INJ take a slow grind down to around the previous all-time-high for a bounce. My preferred path is marked on the circles. There is no assurance that we simply bounce here, maybe a consolidation, either way I am net bullish, short term bearish only because this has run so far. Total3 and BTC looking to both be taking a dump soon. INJ will definitely hold up better than many others overall.
Best Setup in CryptoInjective has been building out a 6 month symmetrical triangle base (long-term cup w/ handle). Volume has declined significantly with price tightening up just above the weekly 20 EMA + 30 SMA.
As we're heading into a seasonally strong period (Oct-Nov is historically the best performing period for crypto) and the pattern appears to be nearing an end, this could be ready to rip over the next 6-8 weeks just as sentiment hits extreme fear.
Catalyst: The SEC on Oct 13 decided to not appeal the court case won by Grayscale, increasing the likelihood of a Bitcoin ETF being approved over the next few months. The market could front-run this ETF approval.
#INJUSDT (Watchlist) 5-2023
Add BINANCE:INJUSDT to your watchlist.
When we suggest adding a coin to your watchlist, it means it's forming a pattern or approaching a historical bottom, near or above a good support level, displaying increased trading volume, showing a reversal candle, in an accumulation stage, etc. However, we haven't seen any bullish reaction yet, so we recommend adding it to your watchlist until the right time for entry.
Note:
This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management.
You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome.
Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing.
Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
INJ - Short!Dear my friends,
INJ, I observed and entered the order when the price was 1.6 and I cut it completely when the price was 2.7. I highly recommend it and I've been following it for a long time. But I still really underestimated it and I missed the wave for a long time after that.
However, I continued to observe and monitor INJ. And now it's time. When the short signal is too obvious.
1. Two pinbars on the daily frame determine the top.
2. The overbought RSI formed two peaks and diverged clearly.
I wouldn't be surprised if INJ's future price is 89u or 150u in 2025.
But before that, it will correct after the overbought period.
I will place a new buy order at the price range of 9u and 6u.
I hope this analysis of mine will help my friends avoid unnecessary FOMO, the profit is not much but the risk is too high.
Wait patiently and eat the furthest wave.
Best Regards,
INJUSDT at LTF support, likely to head up and clear the highI believe the price has retraced enough and has landed on the adjusted low time frame support LTFS1 and may be ready to bounce again. This time the bounce will probably clear the high it has made previously. However, partial profit taking on the way up would not be a bad idea. Let see how and where it goes.
INSUSDT at LTF support, likely to head up to 34.08The price has hit the low time frame support LTFS1 and it is lilkely to bounce from there. Therefore, a long is preferable here. The target of the trade should be 34.08. The stop loss has also been marked on the chart. If it loses that support, then it is heading towards 30.9 area.
$INJ Updated Target levels / Resistance and supportsAfter the great success of CRYPTOCAP:INJ since our last call I wanted to update some price targets.
It has had an absolute rip since my first call yielding about 100% gain in about a month.
I can see its success continue, but we need to break over the yellow updated resistance level outlined in this chart. (33.77)
Another Critical component of this trade to pay attention to is the recent fud posted to twitter yesterday.
This is the tweet I am referring to/ x.com
It claims that collusion among market makers is the only thing keeping the price up.
Another particularly alarming fact is the TVL compared to FDV
11m to 3 billion - which is absolutely horrendous.
I personally will take profit on a good portion of my position and let the rest ride at critical points outlined.
No point being greedy in this market. Plenty of opportunities await.
INJ Your Opportunity to Build Wealth: Unlock Crypto's**Short Fundamental Analysis for INJ Coin**
**INJ Coin Overview**
INJ Coin is the native token of the Injective Protocol, a decentralized finance (DeFi) platform that enables users to trade and exchange digital assets across different blockchains. The INJ token serves a variety of purposes within the Injective Protocol, including:
* **Paying transaction fees:** INJ is used to pay for transaction fees on the Injective Protocol.
* **Staking:** INJ can be staked to earn rewards and participate in governance.
* **Voting on protocol proposals:** INJ holders can vote on proposed changes to the Injective Protocol.
**INJ Coin Fundamentals**
The Injective Protocol is a promising DeFi platform with a number of key strengths:
* **Cross-chain trading:** The Injective Protocol allows users to trade digital assets across different blockchains, which can provide greater liquidity and market access.
* **High throughput:** The Injective Protocol uses a Layer-2 scaling solution to achieve high throughput and low transaction fees.
* **Governance:** INJ holders have a say in the direction of the Injective Protocol through a decentralized governance mechanism.
**INJ Coin Recent News**
In recent months, there has been a lot of positive news about the Injective Protocol and the INJ token:
* **Integration with major exchanges:** Injective has announced integrations with major cryptocurrency exchanges, such as Binance and Huobi. This will expose INJ to a wider audience and increase liquidity.
* **Protocol upgrades:** The Injective Protocol has been undergoing a series of upgrades, which are aimed at improving performance and scalability.
* **Growing community:** The Injective community is growing rapidly, with a number of active developers and community members.
**Overall Outlook for INJ Coin**
The future of INJ Coin looks bright. The Injective Protocol is solving a real problem in the DeFi space, and the INJ token is well-positioned to benefit from the protocol's growth. However, it is important to note that the cryptocurrency market is volatile, and there is always a risk of price fluctuations.
**Disclaimer**
This is not financial advice. Please do your own research before investing in any cryptocurrency.
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