INJUSDT trade ideas
INJ INJECTIVE EW COUNT with targetsINJective Protocol
had massive rally, reached target zone for wave 4 retracement levels of 0.236-0.382.
Can it go much higher? Possible but less favorable.
Fib Extension targets were also hit on both calculations, so its best to favor upside as limited.
Wave 4 * can * retrace to a maximum of 0.5 fib before the count can be considered as invalid.
For now, we're keeping the count as is until markets show us the count is invalid.
Favoring current high as wave (iii) of wave (iii) in a large degree ABC corrective rally.
Suspecting volatility on both sides similar to Feb with a move lower into a move higher before a larger pullback into a final pump higher to complete the wave (v) of wave C (projection NOT absolutes). However it can also be viewed as completed since it retraced to the targets as mentioned. Its not a long entry, but will be looking to short it once market gives a more clear view and entry. Will keep the count updated and post it when candles print. The key areas to look for are mentioned and the idea we're looking for has been explained, so if you can make sense of it keep an eye on the prize.
We will have to see how it plays out. A large pullback can be a great opportunity to scalp some profits; a retest of the highs should be coming soon enough.
We will patiently await to see what the markets decide over next few days/weeks going into the month of "sell in May, then go away"
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Thanks and happy trading,
Cheers
INJUSDT on the riseThe move on this one has been pretty impressive. The price blasted through the monthly resistance MR1 on this move up and reached its all time high value. I believe it has a lot of potential to go further up. One should look for a good entry on this one for high time frame trade. Weekly support WS1 can be a good entry point in case we get that. For smaller time frame trades, we will discuss that in a separate post.
INJECTIVE Showing STRENGTH - Almost All Time HighInjective has continued to show incredible strength, even when Bitcoin corrects. As you can see, price is roughly 10% off of the ALL TIME HIGH, when most altcoins are still down 80-90% from their peaks.
A break above $25.306 would be a blue sky breakout in search of new all time high, one of the best trades their is. We want to see a close above that level.
Other key levels shown on the weekly.
Injective INJ price is preparing to be first to surprise everyonWhile most altcoins are still thinking about whether or not to repeat the growth in the BTCUSDT price, INJ buyers have already answered this question.
The INJUSDT price has broken up of the corrective bullish flag, and consolidating above it, and is starting a new wave of growth.
In our opinion, "the round figure" $20 is an excellent medium-term target for the growth of the Injective token price
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INJ Long + Starting a new challengeI'm starting a new challenge on a 2nd Bybit account. 2 000$ to 2 000 000$
And I will try to post one chart every days to discipline myself.
Starting with today's idea on INJ USDT:
Bought INJ at 19$ will sell to 19.30$.
No stop loss, I will just hold.
Wallet : 2000$ to 2583$ today.
Near to resistance 19$ (INJ)❤️❤️Thanks for boosting 🚀 and supporting us!
📈At the moment when we approach resistance, according to price action, we expect 80% return from support and resistance.
📊 (-sell) : 19.106
🔴 Stop Loss : 20.069
🎯 Take Profit : 17.55 - 16.65 - 15.162
🔗 For more communication with us, send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
INJ sipping on daily demandI love to see this kind of consolidation and price action on my core digital investments. The token did hit my price target but it did not hold and it is not falling into daily demand from a few weeks ago. Worst case scenario will be this red dashed line imo since its a swing reversal of candle bodies, no wicks. RSI is still resetting but volume on the monthly is increasing, this is bullish. I expect another test of 18$ soon and a possible continuance.
INJ 1,2,3 PATTERN IS POSSIBLEINJ is currently hold by 100Ma, 200Ma and on 12h chart hold by 50MA/EMA
After rising, the INJ got into the channel which is usually for this type of channel - continuation pattern...
Its also likely possible that INJ could make 1,2,3 pattern which has first up move, then pullback and move up...
Fibbo also needs to be watched - 50.00 is in our zone which is good for us...
We have to see good price action to confirm that up move is on the way...
Thank you for your time and good luck trader!!!
$INJ TODAY- WITH THE EXPONENTIAL GROWTHInjective protocol a month today was trading at a a paltry 1$ sum and within a year after its mainnet launch has witnessed an outstanding growth.
Termed as one of the fastest growing WEB3 financial ecosystem,they have built an outstanding L1 blockchain with outstanding DApps like the powerful DEX called Helix (protocol coined from the double strand DNA structure), a decentralised native asset management Black Panther, An NFT marketplace known as Talis and Mito Finance, a Defi protocol currently running their testnet phase.
So in all the blah1blah! i just wrote there, what am i saying?
It is a project worth looking into.
begin to explore the Injective ecosystem especially Black Panther.. You can stake on their platform & position yourself for their airdrop claim points
INJECTIVE Continues To Look Bullish ($INJ)You are all aware that INJ is one of my largest positions, one that I have held and traded around through the entire cycle.
This is one of the few coins that looks destined to break it's previous highs. As you can see, it has broken resistance after bullish consolidation and looks ready for another push. The line up top is the all time high... not sure far to travel from the current levels.
It really should be heading there. If it can break the all time high, we have a blue sky breakout and sky is the limit.
At the moment, price needs to break the recent high (19.14) to signal continuation, so there is nothing to do right now.
Keeping an eye on #INJ/USDT PMH $$19.16 resistance level in 4-HoKeeping an eye on #INJ/USDT PMH $$19.16 resistance level in 4-Hour TF!
CRYPTOCAP:INJ needs to close a 1-hour candle above the resistance to gain the bullish momentum. Wait for BO and successful retest to open a long position.
I am expecting a fakeout above the zone and then retracement.