Inj
INJUSD Buy break-out confirmation if it closes above the 1D MA50Injective (INJUSD) is trading within a Channel Up pattern since the start of the year. For the past 8 days it has settled at the bottom of the pattern, below the 1D MA50 (blue trend-line). If it closes a 1D candle above it, we will have the bullish break-out confirmation for a long-term buy towards the top of the Channel. The Lower Highs and Higher Lows trend-lines of the 1D RSI can offer additional insight. Our long-term target is 23.000 (+310% from the Low, similar to the April 17 High).
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INJ | Injective | Strong Q2 Ahead | Token To Watch!!!INJ | Injective | Strong Q2 Ahead | Token To Watch!!!
INJ has a strong end to Q2 2023 with a couple of significant upgrades and releases still to come along with a very strong bullish technical outlook
| Bullish Signal
| Untested Weekly Pivot
| Watchout for Local Resistance
| 20 Daily EMA Breakout
| CVD Res. Break + Retest
| CVD Trendline Break
| Broken Key Resistance
Fundamentals
| Q2 2023
| Casablanca Upgrade
| Injective Exchange Module
INJ warming up, ready for breakoutLadies and gentlemen, we have an exciting development in the world of cryptocurrencies as INJ (Injective Protocol) starts to warm up and appears to be gearing up for a potential upside move. This digital asset, known for its innovative approach to decentralized finance (DeFi), has caught the attention of investors looking to capitalize on the next big opportunity. INJ has been simmering beneath the surface, consolidating its gains and building a solid foundation for what could be a significant breakout. The price action has shown signs of accumulation, with higher lows forming, indicating increased buying interest and potential bullish sentiment in the market. While nothing is guaranteed in the ever-changing world of cryptocurrencies, the stars seem to be aligning for INJ, presenting a compelling opportunity for those willing to seize the moment. So, keep a close eye on INJ as it continues to warm up, for it might just be on the cusp of an exhilarating upside move that could reward astute investors. As always, in the world of digital assets, caution and thorough research should guide one's investment decisions.
INJ. Seed before they INJect a PUMP!INJ is registering significant accumulation at the current price point. A poke at a downtrend line break was broken after 6 days of descent.
This is a hint of a major price shift in the next coming days. 5.0 to 6.0 is a reliable order block support so expect some position buys from here.
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Fundamentally speaking, INJ is one that you don't want to miss.
Injective Value Proposition
Injective provides the most advanced, next-generation financial infrastructure for building DeFi applications on top of the Injective blockchain. Users can access these applications in a fully decentralized, fast, cross-chain, low-fee, and secure manner.
Some of Injective's key elements include:
Layer-1 smart contract blockchain: Injective provides a start of the art interchain L1 that is able to achieve ultra fast speeds while charging zero gas fees.
Unlimited DeFi applications: Injective allows anyone to build DeFi applications with Injective’s robust infrastructure and financial primitives such as an on-chain orderbook.
Cross-chain trading and yield generation: Injective is capable of supporting a diverse array of trading and yield generation activities across distinct layer-1 blockchain networks such as Cosmos and Ethereum.
Community driven network governance: Injective is governed by its decentralized community in which all new innovations are voted on by a Decentralized Autonomous Organization (DAO) structure.
Pioneering interoperability: Injective is the most interoperable blockchain with native connections to Etheruem, Cosmos, Solana and much more.
Fully Customizable: Ship your products with the ability to swiftly modify any parameter to fit your use case.
Intuitive developer experience: Flexible and expressive development environments powered by Rust and Golang.
Environmentally Friendly: A 99% lower carbon footprint through Injective’s Tendermint PoS consensus mechanism
TAYOR.
safeguard capital always.
INJUSDT again at daily support, likely to aim for daily resistLets 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.
Important update on INJ!We have just seen a new contraction zone appering on the daily timeframe for INJ, this means we are likely to see price whipsaw through the center of the box the coming days. I will update on scalps that will be possible in this period. Since momentum has changed to the downside, I believe we will be looking at shorts!
TPI update on INJUSDT
For now the TPI for INJ has fallen quite a lot from it's top, it's currently slightly bullish, but I'm sure that will change soon:
ps. I've linked the Momentum Channel indicator below, I made it a public script for everyone to use<33
Injective (INJ): A Top Performing CryptocurrencyInjective has been one of the top-performing cryptocurrencies this year. Let’s see what happens next!
What is Injective? Injective is a blockchain designed for finance, powering DeFi applications such as decentralized spot and derivatives exchanges, prediction markets, and lending protocols. It offers core financial infrastructure primitives and a fully decentralized MEV-resistant on-chain orderbook. Its cross-chain bridging infrastructure is compatible with Ethereum and other blockchains. Injective uses the Cosmos SDK and a Tendermint-based Proof-of-Stake (POS) consensus mechanism, providing fast performance and transaction finality. It also provides a highly interoperable smart contract platform based on CosmWasm. INJ, its token, is used for protocol governance, dApp value capture, POS security, developer incentives, and staking.
Injective’s Current Trend
Injective (INJ) has been making waves in the cryptocurrency market, gaining 700% since the beginning of the year. INJ has stood out in the market due to its consistent upward trend, avoiding any significant periods of consolidation.
Currently, it appears that INJ is pulling back to its support level of $5.00. This pullback will result in a 50% drop from its 2023 high. The $5.00 support level is expected to hold, and afterwards we may see INJ continue its uptrend towards the all-time high.
For traders, one of the best aspects of INJ is its volatility. The daily candles of INJ are very large, which means that there is a lot of intraday volatility. This characteristic is a great advantage for day traders, as they can make quick returns.
Conclusion: Injective has proven to be one of the top performing cryptocurrencies this year, offering consistent upward momentum and high intraday volatility. With its pullback to the $5.00 support level, traders should keep a close eye on the price action of INJ in the coming days.
INJ bounces of 61.8 fib level -- reversal to the upside expectedINJ just touched the 61.8 fib level and an imminent bounce to the upside is in order.
Accumulation and net buying has transpired at these levels -- and 4H higher low formation was created.
Expect a reversal to the upside -- with possible retest of previous peak at 10, with a high chance of breakout.
Spotted at 6.8
TAYOR.
AUDIO/USDT Technical Analysis: Inverse Head & Shoulder PatternAUDIO/USDT Technical Analysis: Inverse Head & Shoulder Pattern Indicates 200% Potential Upward Movement
In the world of cryptocurrency, Audio (AUDIO) is currently trading at $0.37. Traders and investors are always on the lookout for potential breakout opportunities to earn profits. In this technical analysis, we will look at the Audio/USDT chart and identify a possible inverse head and shoulder pattern that could indicate a significant upward movement. However, it is essential to note that this is not financial advice, and investors should always conduct their research before investing in any coins.
Overview of Audio/USDT Chart:
On the Audio/USDT chart, we can observe a possible inverse head and shoulder pattern. This pattern is a bullish reversal formation that occurs after a significant downtrend. In this pattern, the left shoulder, head, and right shoulder create a shape that resembles a head with two shoulders. The neckline is formed by connecting the two valleys between the shoulders and the head. A breakout above the neckline indicates a potential upward movement.
Key Levels:
The support level for Audio is at $0.25, while the resistance levels are at $0.42, $0.72, and $1.21. The critical level to watch out for is the neckline resistance at $0.40-$0.42.
Technical Analysis:
Currently, Audio is forming an inverse head and shoulder pattern on the chart. The trend line resistance has already been broken, which indicates a bullish trend. However, a breakout above the neckline resistance at $0.40-$0.42 is crucial for confirming the pattern. If Audio breaks out above this level, it could potentially see a 200% upward movement from the current price.
Takeaways:
Audio is currently forming an inverse head and shoulder pattern on the chart, which is a bullish reversal formation.
The neckline resistance at $0.40-$0.42 is a critical level to watch out for.
A breakout above the neckline resistance could potentially indicate a 200% upward movement.
The support level for Audio is at $0.25, while the resistance levels are at $0.42, $0.72, and $1.21.
Conclusion:
In conclusion, the Audio/USDT chart is showing a possible inverse head and shoulder pattern, indicating a potential upward movement. However, investors should always conduct their research and analysis before investing in any coins. The support and resistance levels mentioned in this technical analysis should be used as a guide to making informed investment decisions.
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INJ 15 minA quick follow on from my last post on INJ 15 min TF....
Thought i would add this v shape recovery cup and handle that could play out,
Has to flip that resistance ;)
stoch rsi is low and curling up,
macd curling up and crossing
uneven butt cheeks on market cypher
bounced off the 200sma
probabilities looking more long than short ;)
But could be wrong, i cant tell you where price will go but i can say where probabilty suggests, i know nothing but the fact of my own ignorance, so who knows.
But probability suggests a move up towards 9.5 range
INJ 15 minute tfHeres a quick idea
INJ looks to me like it is in a diamond pattern.
Top trendline of the diamond is around $9.75
Just needs to flip this resistance to support at around HKEX:9
Smaller timeframes starting to show some signs of inverse head and shoulders and a bull divergence on the 5 min TF
Laterz dudes :)
peace and love