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...
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...
Currently 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...
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.
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
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.
Bull pennant and hidden bullish divergence on INJ 22min chart.
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,...
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!!!
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!!!
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...
Not 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.
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.
INJ/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.
This 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...
Lots going on with INJ. You have a Pennant that is about to make a deciscion . a. if it breaks out on its own it could get to the $60.00 range. based on the break out area and the flag pole length. b. if it breaks down and under the 200 sma you will have a very ugly bart simpson pattern. that could be a 40% drop down below the 0.618 fib to previous...
Pretty simple. Support being built by both upward accumulation and ranging after sweep.
I am testing a new script which overlaps many data. Short and Long-Term EMAs: For trend identification. RSI: To gauge market momentum. MACD (Moving Average Convergence Divergence): For both trend following and momentum, with the histogram providing visual cues on momentum shifts. Volatility Calculation: Helps in understanding market stability or turbulence,...