INJ targeting 0.18 againResistance is now support for INJ, that's why i am trying a quick scalp here with tight stop.
INJUSDT trade ideas
INJ consolidating for another attempt at fibINJ has built a decent amount of support here on the blue horizontal. RSI has fallen meaningfully. A demand is drawn for a potential bounce zone if the token rolls over. The teal line is the .618 that has been rejected a few times, the more attempts the merrier. I think the token is prepping for a large move to the upside in the coming days if BTC behaves.
INJ Neowave - Elliott Wave Theory Analysis (Daily - Medium Term)INJ is performing very well in 2023.
The waves are quite similar in price, there is a possibility that the structure could be diametric. In this case, I would say that $13 is a very good level in terms of costing. The point to watch out for is the possibility of the structure turning into a symmetrical structure because in this case it should touch the 'dashed' trend support so that we can see waves 'H' and 'I' in the continuation of the trend. This could also be the opportunity of the year.
Nevertheless, we will discuss this situation in the weekly updates. I will update the analysis on Mondays and have a profitable day.
✴️ Injective Protocol Ultra-Bullish (Name Your Altcoin)Injective (INJUSDT) hit bottom together with the rest of the Cryptocurrency market, around June 2022.
A double bottom/higher low happened December 2022 and that's it... The rest is all green.
The main chart here is based on the weekly timeframe (long-term) and we are witnessing bullish consolidation before the next jump.
Bullish consolidation because we have 100% sideways, no new lows.
INJUSDT is trading above EMA21, EMA50, bullish MACD & RSI, all looking great.
While the consolidation happens volume goes down...
When the consolidation is over volume will start to grow again.
Look at this daily chart:
See how INJUSDT has been trading above MA200 since January 2023... This is as bullish as it can get.
As long as this chart structure holds, we expect higher prices... This chart is only saying up.
I mapped some targets for you (green) as well as the main support (gray).
Enjoy your weekend.
Fireworks 28-October.
Thank you for reading.
Namaste.
Keeping an eye on #INJ/USDT resistance zone in 4-Hour TF!Keeping an eye on #INJ/USDT resistance zone in 4-Hour TF!
CRYPTOCAP:INJ needs to clear PWH $19.19 resistance level to gain the Bullish momentum. Wait for Breakout and a successful retest to open a long position.
I will short it, but with strong confirmation, I will short it.
INJ/USDTIf the BINANCE:INJUSDT pair fails to reclaim $14.40, which marks the range high, I'm anticipating a pullback to the mid-range, approximately around $7.80.
A healthy correction might take it to the range quarter, which is around $4.50.
If things take a turn for the worse, yearly lows could come into play, but given INJ's strong performance in this bear market, this outcome appears unlikely.
Follow, like the idea and feel free to leave a comment.
Check out other ideas if you like this one.
INJUSDTINJ / USDT ( Futures )
Long Between: 16.10$ TO 16.0$
Targets:
TP1 16.5$
TP2. 17.0$
TP3. 17.5$
TP4. 18.0$
SL: 14.7$
INJ/USDTCRYPTOCAP:INJ
tricky but you can make your life easier by adjusting risk, if you want to long this well you can but you need to put SL at orange line level and target the upper white line.
If you want to short this well you need to wait for confirmation of a breakdown of the orange line
INJ USDT.P - need BO from the rangeINJ breakdown from the uptrend after that it makes a new range now. If the market stay bullish It can go back to the previous range, and continue his way to 20 USD. Just a successfully breakout need for this.
INJ : 🎨 Art of Liquidity ManipulationEver wondered how some assets, like Injective Protocol (INJ), seem to move with precision, exploiting both bulls and bears? It's not just about market sentiment; it's about the strategic use of liquidity. Let's unravel the art of liquidity manipulation and explore how INJ leverages it to orchestrate its price movements. 📈💧
INJ's Liquidity Utilization:
INJ has mastered the art of leveraging liquidity to dictate its price direction. Liquidity, in the form of stop-loss orders, acts as fuel for significant price movements. The recent breakout from consolidation is a prime example, revealing how INJ strategically accumulates and deploys liquidity.
Gathering Liquidity at Lower Levels:
Before a notable move, INJ often engages in a process of gathering liquidity, especially at lower price levels. This involves triggering stop-loss orders and accumulating buy/sell interest, creating a pool of liquidity that can be used later.
Explosive Moves:
Once the desired amount of liquidity is amassed, INJ has the potential to make explosive moves. Breaking out of consolidation or initiating a strong trend becomes more feasible as the market dynamics shift in its favor.
How Manipulations Work:
Triggering Stop-Loss Orders: INJ often initiates moves to trigger stop-loss orders placed by retail traders. This allows for the collection of liquidity and positions INJ strategically.
Building Momentum: The gathered liquidity serves as the fuel to build momentum in the desired direction. This could be upward for a bullish move or downward for a bearish one.
Precision Timing: INJ's ability to time these movements with precision adds to the effectiveness of the manipulation. This timing is often influenced by market conditions, news, or strategic considerations.
Trading Amid Manipulations:
Awareness: Recognizing patterns of liquidity accumulation can help traders anticipate potential price movements.
Caution with Stop-Loss Orders: Be cautious with placing stop-loss orders at obvious levels, as they might be targeted during liquidity manipulations.
Adaptability: Stay adaptable in your trading strategy, as the market dynamics influenced by liquidity can change rapidly.
Conclusion:
INJ's utilization of liquidity manipulation is a fascinating aspect of crypto trading. As you navigate the markets, understanding these dynamics can provide valuable insights into potential price movements.
May your trades be astute, and your strategies resilient in the face of market manipulations.
Happy trading,
🌐
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3 ENTRY ON DIFFRENT LEVEL*-Technical Analysis 📈
break from high CH = move to 16.60$
*Trade (Buy) 📊
13.877$
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3 level
*-Take Profit 🎯
14.70$ - 16.60$
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SMC AnalysisLong for inj can be plan from here , as we can see its on a 1h order block and in an uptrend ,, has cleared the buy side liq ,, so on this confluense we can plan an long trade
injIt has grown very well, if it wants to improve, it can be three green lines in the first step and then a green box. The important point is that it can break two red lines to continue moving.
INJUSDT bearish divergence ,time for retraceThe INJ/USDT pairing has exhibited a bearish divergence on the 4-hour chart, indicating a potential retracement following an extended upward trend. The black lines represent the support levels that are anticipated to be tested as the price is expected to decline to these points.
800% profit on long positionHello
800% profit on long position is in access. I propose spot position.
Buy is preferable in this regardsCurrently, the price is on the way, Wait till the unmitigated OB or the demand zone,
REMEMBER: The price is on a buy trend in the bigger picture, Take Care...
#INJ/USDT is holding Trendline as a support in 4-Hour TF!#INJ/USDT is holding Trendline as a support in 4-Hour TF!
CRYPTOCAP:INJ needs to clear the PDH $18.12 to gain the bullish momentum. In case of trendline breakdown, we can short it.
#INJ#INJ
According to HTF chart (M, 6M) I highlighted important support level, for continuation of the uptrend until 21.53$, at around 14.4 - 13.4$
As long as the coin above it, there is the chance to go higher and make a new ATH (1.)
Breaking below “monthly support” level, or 13.415$ will drop the coin until 10 - 9$, where the coin may find the support (2.)
Currently, important to look at Weekly close. I think there will be correction until 14.4 - 13.4$ on Lower Time Frames.
If the coin manages to close with the D candle above resistance or 16.764$, in this case it will continue its uptrend without correction until 20 - 21.53$
Long trade setup for INJUSDTFor the BINANCE:INJUSDT.P Long Trade Setup, the following values are suitable for our interval trade:
Entry: 16.780
Target: 17.405
Stop: 16.194
Cost Reduction: -
The profit is reasonable relative to the risk.
INJ/USD Short setupGood morning to all Folks out there!
It has been a great week for Alt-coins so far and I am hopeful a-lot of you would have made good gains so far.
For anyone doubting the gains, I already spoke about Alt-coins rally in my previous idea and was pretty bullish on Alt-coins with BTCDOM getting rejected on a Major level.
INJ or Inject have been a gainer and have gained more than a 100% in the past few days.
I was expecting the move towards upside, However as it approaches this important level and faces resistance, I believe INJ is headed for a correction back to the support zones marked in the chart.
Trade Idea:
INJ/USD = Short
Entry point: CMP
TP1: 15.5
TP2: 13.8
TP3: 13.4
SL:17.8
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