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Inj

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
Short
by IkkeOmar
8
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.
by cryptohopper
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. Follow us for More Quality Content. Thank you.
Long
by CryptoPatel
1
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
Long
by Crypto_SUP_Surfer
✴️ Injective | Spoiler Alert, This Chart Reveals Everything!This is a very interesting chart, confirms everything I've been sharing about the Altcoins market and reveals what is coming next for those Altcoins that are yet to break up. Read below and notice the exact everything I already repeated a million times through hundreds of charts... Literally 1,000 charts/trade ideas published since late November 2022. 1) INJUSDT hit bottom June 2022. 2) December 2022 we have a higher low (variation can be double bottom or lower low, doesn't make any difference). 3) In January 2023 the bullish breakout starts. 4) Peak mid-February leads to correction. Correction ends mid-March. 5) The resumption of the initial bullish move leading to a higher high. Now, step #5 is what we are waiting for on literally hundreds and hundreds of pairs. This is the exact same chart all across Cryptocurrency including Bitcoin. This is the same chart as FETUSDT and STXUSDT that went ahead, there are many others but these are just two examples. The Altcoins that you are holding... The charts I've been sharing, big and small, will go through the same... What one does, the rest follows! Namaste.
by AlanSantana
3
INJ/USDT Bullish Inverse Head & Shoulder Pattern #INJ/USDT Technical Analysis: As of now, the INJ/USDT pair is currently trading at $5.47, which is 15% up from our previous analysis. After examining the high-time frame chart, we can see an inverse head and shoulder pattern is forming. Recently, the pair broke out of the neck line resistance, which confirms the bullish trend. The resistance now becomes support for the price action. As per the inverse H&S pattern, the target is expected to be $9.08, offering potential gains to traders. To minimize the risk, a stop loss at $4.54 is suggested for this trade. It is also advisable to close the trade if the high-time frame candle closes below the neck line support. It is important to note that this is educational content, and not financial advice. Conducting your own research and analysis is highly recommended before making any investment decisions. Join our community for more trading insights and updates, and to stay up-to-date with the latest cryptocurrency market news.
Long
by CryptoPatel
10
$INJ/USDT 1D (#Bybit) Rising wedge on resistanceInjective Protocol is entering overbought territory and could retrace down to 100EMA support, after a last push up into supply zone. ⚡️⚡️ #INJ/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (2.2X) Amount: 4.9% Current Price: 7.0720 Entry Zone: 7.1290 - 8.0450 Take-Profit Targets: 1) 5.8905 2) 4.6130 3) 3.3355 Stop Targets: 1) 9.0065 Published By: @Zblaba CRYPTOCAP:INJ #INJUSDT #Injective #DeFi #Web3 injective.com Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +49.2% | +86.2% | +123.3% Possible Loss= -41.2% Estimated Gaintime= 1-2 months
Short
by TradingOn
3
Does INJprice still have the strength to rise or fall right now?In our opinion, the price of INJUSDT is at the stage of final acceleration in parabolic growth. The completion of the 5th wave may be already around 7$, it may be around $7.50, or around $8.40. This should be closely monitored by those who hold a long position on INJUSD, as the correction may begin abruptly from the above levels. Where can the correction take place, or where are we ready to buy INJ ? In the area of 4$ in the event of a weak correction in the crypto market and 3$ and below in the event of a strong drop. In principle, all levels are equal on the chart) Use it for health and with profits) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
42