INJ correction 30-35%most of pairs against usdt pumped to complete full cycle INJ one of the strong pairs against BTC and USDT show very powerful move all the way around 20 $ area which remind me of LINK/USDT at 2020 didn't stop all the way to 20$ .for now INJ showing sign of weakness at current area expecting correction all the way down to 10-11$ range to start new wave
INJUSDT trade ideas
INJ dipping perfectly into daily demandINJ has rejected the .886 fib level and slumped back to local demand, this seems to be a fairly supportive structure. I marked two areas of historical importance with dashed greens. The recent green engulfing candle signals that the trend will likely reverse and the .886 may be taken soon. Volume is still high on average. I think we see a few days fighting for 15.84 and then we reach my second price target as a resistance with is closing on all-time-highs soon. These pullbacks are necessary to build structure and to wash out the short-term traders.
INJ injective bearish 🐻 analysis ⏰I am expecting bearish 🐻 on BINANCE:INJUSD
Invalid 📌 above $16 day above
👀 R.s.i reaching over sold // bearish divergence
👀 Parallel channel 📌 formation
+
$12-14 expecting rejection towards $7.5-8.9
If parallel channel was broken 🤣 $2-6 💔😂
Don't hate if u ar fan 😂 of BINANCE:INJUSDT just market 😜 is all about bull 🐂 and bear 🐻
$12-14 >> $7.5-8.9 // worst case 📌 below $6.8 >> $2-6
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.
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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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.