Looking for that break at resistance.INJ has been sideways since the 18th but in an upward trend. I want to break resistance at $22.40 with my support at $19.80.
INJUSD.P trade ideas
INJ/USDTThis week we will have CPI news and most likely we will have more fall on crypto, so you can buy ONE step in the fall and hold for long term.
INJ Still in a DowntrendTrend is still down, and I expect at least another lower low for gray wave C.
This view is supported by the lack of:
- RSI divergence
- 3 downside waves for wave C
- break from black channel
I see no reason to buy INJ at this moment.
INJUSDTThis is an idea of the repetition of fractals in the next legs that we will probably have in bullrun, climbs in ABC with corrections of 50% of the Fibonacci retracement.
Injective , 180$ inevitable I gave you inj at 8$ all the way up but still I haven’t sold . I need to get the extract or the upcoming bullrun , injective is very promising and well performed. I have faith in 180$ in coming months and will remind you then . I think its safe to accumulate till 15$ and wait for the explosion.
Dyor and stay safe
#INJ: The Perfect Setup for a Strong Bullish Breakout I have a keen eye for identifying patterns that signal lucrative opportunities, and #INJUSDT on Binance is presenting an enticing setup. The descending wedge pattern, visible in the chart, is a classic bullish reversal signal. Here's why I believe this is a trade with great potential:
1. Descending Wedge Pattern: The descending wedge is a bullish pattern that typically signals a reversal. After a prolonged downtrend, INJ is poised to break out upwards, as indicated by the narrowing of the wedge.
2. Volume Confirmation: Notice the increase in volume as the price approaches the apex of the wedge. This surge in volume often precedes a breakout, adding credibility to the bullish scenario.
3. Strong Support Level: The lower boundary of the wedge has acted as a strong support, preventing further declines and indicating that buyers are stepping in.
4. Positive Momentum Indicators: The RSI and MACD indicators are showing bullish divergence, further supporting the likelihood of an upward move.
In conclusion, the technical indicators and pattern formations on INJ/US Dollar are aligning perfectly for a breakout. This trade setup offers an excellent risk-reward ratio, making it a high-probability opportunity. Always remember to set your stop-loss levels and manage your risk appropriately.
⚠️All trade ideas are published with a time delay. If you want to follow the trade in real time, please follow the link to our open copy trading account on Binance.
👉Our account with open trading, and all our other resources at this link:
Swing Long...Like many charts they look too good to pass on - yes we can always go lower but It won't matter in 6-12months - this is already established as an early winner in this cycle so it makes sense to own it.
Injective, Refuses to Stay Above $30- $30 is a key level, acted as support, broke below, resisted and tested again this week.
- The retracement distance in the EQ channel is measured and placed to the top.
- Prices has broken below the green box giving indication that down trend continues. Price has also broke below the EQ channel.
- This is further exacerbated by price breaking below the week washline indicating that all gains are washed out from the week's token burn.
- Should price finds support at 23.73 level, then there's a possibility of a right shoulder forming.
- A week close below 23.73 level would also washed away all the gains.
- Near term support as shown.
- The author has skin in the game.
Injective (INJ)Injective is one of the famous pioneers of layer-one blockchain for finance, in which user can build and use the Web3 applications. Anyway, Injective also was the first (or one of the first) altcoin which started the next upward/impulse wave sooner than others; and it seems INJ is making an inverted harmonic pattern. If this harmonic pattern takes place, major correction can be anticipated. Although, there is another scenario, that is, a three waves pattern of A-B-C unfold. If this happens, INJ can continue its rise to the Fib level 1; about $50 price level. Or even a mixture of these two scenarios might happen. Let's see which scenario happen.
INJUSD Bottom of the Channel Up. BUY.Last time we looked at Injective (INJUSD) was 4 months ago (December 18 2023, see chart below) and gave us an excellent sell signal that hit the 30.000 Target:
The price now sits at the bottom of the Channel Up and this is the most optimal buy entry for the long-term. We expect another +715% rise, targeting 150.00.
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Injective (INJ) Takeoff as Whales Accumulate, Price Eyes $55Currently hovering around $31.00, which I consider a strong support level, INJ is well-positioned for a breakout. I believe the token has the momentum to reach $55 and even surpass that mark, fueled by the recent whale activity.
Strong Support Level: The current price of $31.00 is seen as a crucial support level. If INJ can hold firm at this point, it could signal a bullish reversal and pave the way for further gains.
Log Plot...This is based on waves and targets are derived off fibs - this is how I potentially see us ending this year as the bull case.
INJ Bull Run Started or Not ?In my point of view INJ has two scenarios at the current market price. That is it can be the 3rd wave or the flat correction of 2nd wave. More likely to be a 3rd wave let's see
INJUSD - Could it Top Here For a Bit?Drawing a channel between peaks and lows
I expect a downward move toward the dotted green line
from here however I think the bulls might just take back control.
A downward move makes sense with a structure like this.
$INJUSDT Breakout and Retest Successfully done!!!The purpose of this setup is to provide an analysis that suggests if the current market conditions are bullish or bearish, potential entry and exit points, and to identify key levels of support and resistance that might influence future price movements. It is important for the community to know that such technical analysis is based on historical data and patterns, and it does not guarantee future price movements. All investments and trades come with risk, and one should only trade with money they can afford to lose.
Now we move to the analysis. What are my considered parameters for this trade?
Price Action: The setup shows the priceaction of Injective in a Daily TF. There has been a recent uptrend as indicated by the price being above the 50 EMA line, which is the green curved line on the chart.
Fibonacci Retracement Levels: The chart shows a clear bounce off the 0.618 level from the recent dump, which could be seen as a potential support level and which confirms as well the Fibonacci setup that we have for this Trade.
Bullish Pennant Pattern: The purple lines show an ascending trendline as support trendline and a descending trendline as a resistance trendline. These two formed a perfect Bullish Pennant Pattern, from where the price broke and retested recently with the recent dump that we had in the market.
All these points speak for a long trade here taking no more than a 200% TPR to reduce risk and not be greedy as well.
I will keep posting follow ups and updates on this trade. Good Luck
INJ PULLED the trigger!!This is what I wanted to see!
Sweep the longs and now to target the shorts!!!
I think we could see a run up like we had seen with File coin over the recent days now.
I have sell orders going up as high as $70 but $65 might be too high.
NOT FINANCIAL ADVICE!!!
INJ is about to light up!I believe that we are about to see some positive moves!
I have been waiting since I missed the last entry.
We might breakout of the range on this move!
Can we hit $60??? I think high 50s are a real possibility.
NOT FINANCIAL ADVICE!!!
INJ .. Looking impressive.If this chart plays out.. WOW.
I like what I am seeing even if BTC pulls back hard.
INJ got on top of the pennant and appears to be holding trend. The 40SMA is in play for a bounce.
I can easily see this filling the whole flag pole as long as the BTC - ETF buying continues.
I would be looking for a new shape to form between the 1 fib. $58.90 area and 1.272 $66.65 area for the next push up to the 1.618 fib. $76.00 range.
IMO that would be wildly fun to see.
Gather some profits at the key zones.
INJ.. Still on trackNot much has changed with this chart.
We are working the pennants' range currently and watching that 200 sma.
BTC will decide the fate of the direction.
If the break out happens to the up side. Wow!, it looks really good.
Keep the stops active and protect them profits.
I cleaned up the chart some to help see the action better.
still looking good in the long run?If timing were to get any better than right now than the timing is now. Possible breakout to the upside long entry with enough volume to support current price and push past resistance before it rises even further.
Looking good for some of the following especially if btc and eth continues to hold its current value.
Possible Trend Reversal in INJ/USD? Double Bottom Formation MeetINJ/USD Technical Analysis:
Double bottom pattern potentially signals a trend reversal on the daily chart.
The pattern's validity and potential impact require further observation.
POC may act as potential resistance if the price attempts to break upwards.
BUY Injective here @ $38.8 for a 40% + Gain - Long $INJ toThis is a play all too familiar.
while other alts have run and made new all time highs over the last few months, one of our early, strong performers in the crypto market has become boring, while building a strong base fro 67 days.
Injective is finally starting to turn up and reach the $40 dollar range for a third time after breaking down from it's previous all time high. I thoroughly expect this crypto to reach new all time highs!
it's also crossing over it's 10/20 day EMAs. Volume looks stronger and will likely continue to climb. I can do nothing but buy the coin.
Entry $38.8
Target 1: Previous All time High.
Target 2: $56.00
Target 3: $60.5
This base looks really strong. So unless we expereince strong underlying market bearishness, ALL DIPS ARE FOR BUYING MFers!
