50 incoming? Consolidation looks to be nearly complete.
You are either doing 2 things with $Injective right now.. 1. taking profit from your investment if you got in as low as $2-7 2.Staking on some Defi protocols and position yourself for future airdrop rewards on new project being onboarded on Injective eco-system. Don't just buy & hold your bag, make them earn you more money Don't just buy and hold your bag, don't...
Injective (INJUSD) is rising aggressively within a 1-year Channel Up, currently on its 2nd Bullish Leg of the pattern, supported by both a Higher Lows (dashed) trend-line and the 1D MA50 (blue trend-line). We expect it to peak on the Channel's top (Higher Highs trend-line) where we will short it, targeting 30.000. If however it breaks below the Higher Lows...
Daily bullish pennant(purple) target is around 37,82 but weekly PRZ would probably be around 44,84 which would be a perfect place for shorts finally taking control. Because yellow symmetric triangle target will be complete at the same time with probable 1st wave inside of 3rd wave major count.
In 2023, INJ has seen an impressive 2000% growth, with a significant 350% increase from October to December. It recently reached a new all-time high of $33.4, and the buying momentum doesn't seem to be waning. Maintaining the upward trajectory of Injective is key at the moment. Despite never having breached the $32.1-$33.4 resistance zone before, buyers might...
Injective is on very stable technicals on the 1D timeframe (RSI = 61.927, MACD = 0.959, ADX = 21.734) as it resumed the rise, keeping clear of the 1D MA50, which remains the Support since since September 29th. The 1D RSI shows that the market is replicating the early 2023 price action on a fractal which after reclaiming the 1D MA50, it rallied to the 1.5...
INJ has been holding up strongly. 16.4 needs to hold in order to continue the positive trend and reach 18. A break of the the 100 SMA would break the trend and bring the price down to 15.3 or 14.1.
Looking to enter this trade on a final retest of support at $6.44 and then exit up in the $18-19 range.
Inj is ready to go man. Now is time to get in where you fit in….
It's funny, i sometimes get some flack for the simplicity (and admittedly ugliness) of my charts. But the truth is, the KISS mentality works especially well in crypto, and with sensible reason behind it. If a trend or support/resistance level is clear to you as a human, you can be sure there are tons of bots playing off it as well. Anyways, CRYPTOCAP:INJ has...
Injective crossed over the 6 month Resistance turned overbought on the 1D timeframe but is still balanced on the 1W (RSI = 68.170, MACD = 0.883, ADX = 23.993), which is where we should be looking at as this is a bullish breakout on the higher timeframes. Technically this can keep rising until the 1W RSI hits well within the 80.000 level. We use this breakout buy...
My primary count in the daily timeframe still holds, but blue wave 4 is insisting in taking forever to wrap up (5 months already). We already have the conditions to consider that a regular flat is finished, and the last leg down gave us RSI divergence. Target for Wave 5 is $10
Injective (INJUSD) is on the 2nd straight green 1D candle, following a rebound for the 1D RSI exactly on the 30.00 oversold barrier. With the 1D MACD close to forming a Bullish Cross, this is a short-term buy opportunity. The previous such rebound below the 1D MA50 (blue trend-line) was on the May 12 bottom and it made a rise just below the 0.618 Fibonacci...
Daily hidden bullish divergences are no joke. I see this potentially playing out in the next week. I think we drop to 7$ zone and stay there for couple days before going up rather quickly.
Keeping an eye on #INJ/USDT resistance zone in 4-Hour TF! We can open Short on retest again. Expecting $6-$7 in coming days.
Blue wave 5 is well on its way, as shown in my previous post. First target is $10. In the 4H timerame, I´m considering we´re currently in green wave IV correction. The correction could be over, but I usually like to see at least a 38.2% pullback to have a bigger confidence in continuation trades.
I will start buying it at1.5$ in Q4 2023. Now are are at mid range.. Will increase my short position if we see any short squeeze around 7 - 7.5$ (if). Bye.