The price experienced a sudden drop but found the support at daily support zone DS1. The price bounced well from there providing an opportunity a long trade there. This level was already marked on the chart. In general the rule is to long the support and short the resistance. And from probability point of view the trades taken from this strategy always result in...
This one is our hero. Moving up and holding even in the event of adversity. Last trade we took a couple of days ago was a long trade and that worked out pretty well. The price went beyond weekly resistance WR1 which was our generous target for the last long trade. The price is currently facing resistance from daily resistance DR2. I think this one is planning to...
#INJ #INJUSDT CRYPTOCAP:INJ T he price has been consolidating all day all night under the weekly resistance. The price found support at LTF support and ranging between weekly resistance WR1 and LTF support LTFS. The price is once again close to LTFS and I expect it to aim again towards WR1. Usually such consolidation under resistance is bullish so it may be...
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...
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.
Pair : INJUSDT ( Crypto ) Description : Bearish Channel as an Corrective Pattern in Long Time Frame Break of Structure RSI - Divergence Completed " 1234 " Impulsive Wave Bullish Channel as an Corrective Pattern in STF SMC - CHoCH
The price has come to the daily support zone DS1. I think the price will bounce here. A long should be favorable here. The target of this trade should be at least 5.82.
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 at LTF support. I expect it to bounce here towards 4h resistance 4HR1. Therefore long trade is favorable here with the target 7.25-7.29. It might retrace first around 7.19 but I think ultimately this time it will touch the 4h resistance target.
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.
So as we expected, the price has hit the daily support, and offers us a long opportunity. The target of this trade should be 4h resistance which is sitting around 6.97. I will ladder buy my positions in this support zone.
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.
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.
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.