The price broke through the weekly resistance only to come back. It came down and currently trading under that weekly resistance zone. However, it seems the price may attempt again to break that resistance. Therefore a long is favorable from the LTF support.
Here are the updated resistance and support levels for this pair. DR1 is still there even though the price has broken that level but has not closed above yet even on 4h time frame.
The price came back to the 4h support zone 4HS2 and bounce from there. Along with the BTC push, this also moved higher breaking the previous 4h resistance. I think a long is favorable here towards the daily resistance. The target of this move should be daily resistance around 6.86-6.96. Idea of this trade is to long from the 4h support 4HS1 in case price comes...
INJUSDT (4h Chart) Technical analysis INJUSDT (4h Chart) Currently trading at $6.32 Buy level: Above $6.2 Stop loss: Below $5.3 TP1: $7 TP2: $7.6 TP3: $8 TP4: $10 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Analysis: LTF So this one has finally hit the support zone from where I wanted to have a long trade. This support zone is important as it is an important pause the price made in this last move up from the daily support. Therefore, it is likely that this level will provide required support to push the price up. Lets see where it goes from here. The target for this...
This has broken the 4h resistance finally and trading above it. The next level of resistance is daily resistance DR1 as marked on the chart. It is sitting around 6.86-6.96. That is the level the price will target next. Lets look for a favorable long setup here.
The price is again at the bottom of the support zone. I have taken a long trade here. The target of the trade is 5.73. Lets see how it plays out.
This also has a similar story of falling down. A big red candle directly piercing into the daily support DS1. The price may bounce from here but I want to see some evidence on lower time frame first. If thats there then I will try to long it. The next support level is weekly level WS1 which is still a bit far away. I will post if I see any setup and take any trade.
The price is trading at 4h resistance zone 4HR1, but I feel this time it is going to break this resistance and move upward towards 4h resistance 4HR2. Any dip to the daily support region DS1 is for buying. The target as mentioned is 4HR2 zone around 7.24-7.29.
The price has bounce from daily support DS1 and moved beyond the 4h support. It seems the price wants to head up to daily resistance DR1. This would provide a short opportunity. I think a short will be favorable from resistance zone DR1 towards the 4h support 4HS2 and may extend to daily support DS1. But lets monitor the price and we will take the trade...
Lets play this long trade here. Probably a less riskier bet would be to long from 4HS2 level but I feel its gonna give a bounce for a long trade already from 4HS1. I will add if it goes to 4HS2. The target should be the next 4h resistance 4HR1 zone around 7.27-7.30.
After the breakout and test, a long position on INJ is possible here, with close SL
hello friends today i find INJ as per ELLIOT WAVE rule wave A formed in few days down trend continue Wave A support levvel resached some few days if any thing wong please comment below thanks
Lets take another long from the daily support targeting the daily resistance again. This spike was due to this market not being that liquid like Binance one. But if you are not playing with very big size, not so liquid markets (provided this market is very liquid elsewhere) can be a boon as it can give you a very good entry and exit.
Injusdt Inj/usdt triangle breakdown confirmed retest is in process If btc fails to break the 28500 resistance another 30/50% drop is expected for inj Dyor
The price has reached 4h support and a bounce is expected here. A long is favorable here for a target towards 7.54 first and then 7.65.
INJUSDT (4h Chart) Technical analysis INJUSDT (4h Chart) Currently trading at $4.35 Buy level: Above $4.25 Stop loss: Below $3.6 TP1: $4.8 TP2: $5.3 TP3: $6.2 TP4: $7.5 Max Leverage 2x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
INJ one of the stronger alts today but still think it's going much lower. I can see a Double Top forming on HTF just needs a confirmation below $3. In this LTF trade I'm waiting for price to go under $3.61 again, that would be a deviation of the LTF Mid Range and my trigger to short it. First target is Range Low at $3. That is a big level for INJ. After that...