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 //...
After a good bounce from support zone, INJ is performing a retrace on small resistance zone due to H1 200 EMA. We are playing in H1 support and demand zone, so it's good to try to enter long here targeting 17.5
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'...
INJective 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...
INJ corrected to 15 levels after reaching a high of near 20.
The valuation on this coin has grown so much to extraordinary levels from its measly lows.
Now its back at the bargain range again and delivering a message of "BUY ME, DON'T ASK". lol
INJ has delivered consistently since bouncing off an outrageously lows of $1 since the start of the year. It has...
*-Technical Analysis 📈
break from high CH = move to 16.60$
*Trade (Buy) 📊
13.877$
*-Stop Loss 🔴
3 level
*-Take Profit 🎯
14.70$ - 16.60$
*-Risk Management 🚧
3-5%
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencie
It 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.
#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...
For 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.
