INJ Trade Analysis: Bullish Outlook 📈Current Market Context:
INJ is breaking out of a downtrend and demonstrating bullish momentum. The recent transition to a deflationary model adds a strong fundamental case for long-term holding.
Trade Strategy:
Entry: Initiate a trade at the current market range of $25 - $26. This entry point leverages the ongoing bullish breakout.
Take Profit: Set multiple take profit targets to lock in gains at different stages:
First Target: $29
Second Target: $35
Third Target: $45
Stop Loss: Place the stop loss at $23.17 to manage risk and protect against potential downturns.
Rationale:
Fundamentals: The deflationary model and strong metrics support a positive long-term outlook.
Technical Analysis: The break of the downtrend indicates a potential shift to a bullish phase, supported by lower time frame (LTF) analysis.
Inj
INJ Injective takes a breather?
It has run nicely since the lows with incredible strength. But surely a correction will be necessary at some point.
Here we have some fib confluences in the area as well as bearish divergences. Similarity to the previous occurance might lead to 40-50% correction before resuming uptrend.
Surely not adivice to short here. Rather buy if hits zone in given time period
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INJ UPDATEFirst of all, You can see our previous analysis of inj in the "Related Ideas" section
A good demand area is now ahead of the price. We are looking for buy/long positions in this area.
We have marked this area with green color.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
[INJUSDT] - this is why must get bullish!in 3D chart INJ still comsolidate a a massive ascending channel
price now retesting the lower side of the pattern which gathering with a 0.618 fib level which making it the most important support! ... that making price must rebounding from here!
- u can see the H&S pattern and clearly u can see that the pattern completed and declined to reach exact it's target
most time when pattern completed and reach it's target it reverse it's direction
so we expect volatility between 0.618 and 0.786 fib level in next days then get bullish.
appreciating for supporting us with ur "like " and follow for more ideas, updates🎯
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.
INJ, when next pump? Be carefulThe price of INJ is at the top of the parallel channel on the weekly chart. This is probably not the best time to buy INJ, I would wait a for a small pullback. Rather buy INJ in March / April and buy some other coins because INJ is going to go sideways. From the Elliott Wave perspective, we are waiting for the final wave (5). We are in wave (4). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Injectvie Labs is the research and development company that first began contributing to Injective Protocol.
Eric Chen is the co-founder of Injective Labs. Prior to founding Injective, he worked as a cryptographic researcher and trader at a major crypto fund where he led innovative market neutral trading efforts in the blockchain space as well as investments into prominent companies such as 0x, ChainLink, and Cosmos. Chen has extensive knowledge about blockchain protocols and traditional finance along with a native understanding of both eastern and western blockchain-based protocols and communities.
Albert Chon is the CTO of Injective Labs. He graduated with a Bachelor’s and Master’s degree in computer science from Stanford University and was a software development engineer at Amazon. He is well known for pioneering a new Ethereum standard that is used by a number of major projects today and co-founded Injective Labs with Eric Chen. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
INJ Ready To Go !Price is currently trading below a downtrend line.
Every time price has touched this trendline, it has experienced a sell-off.
Price is now approaching the trendline again, and after 3 previous touches and sell-offs, it appears that the trendline may be has weakened
Therefore, a breakout of the downtrend line and the 25.2 level can be expected.
If this occurs, we can target higher levels such as:
29 dollars for the first target
35.9 dollars for the second target
Please note that the 4-hour candle close is our confirmation criterion.
This analysis is not financial advice.
📈🔍 INJ Trading Plan 🔍📉Market Observation:
Considering a long trade on INJ, with a safer option to wait for BTC to surpass the $60,000 level before entering.
Trade Setup:
Entry: $22.50 - $26.00. Alternatively, wait for BTC to break $60,000 before entry.
Take Profit: $30.00 - $32.50 or $39.00 - $41.50.
Stop Loss: Just below $22.00.
Risk Management:
Utilize a stop loss just below $22.00 to manage potential losses.
📈💡 Trade Strategy Rationale:
Anticipate a bullish move in INJ, targeting profit levels aligned with resistance areas.
🔄📊 Stay attuned to BTC's movements for trade entry adjustments! #INJTrading #CryptoAnalysis 🚀🌐
INJ Macro Outlook 100x Mover?INJ is another asset that when price reached a bottom in December pumped abnormally hard compared to its peers. Average bounce off the bottom has been 100-300% aside from a few outliers and INJ at 730% is certainly one of them.
This is a weekly chart and looking at the wave trend oscillator the weekly is deep and attempting to confirm this week and money flow is rising. IF IF IF the general crypto market pushes up as a whole expectation is this and many others will follow.
The reason for a macro out look on INJ is the abnormally high bounce it has had since bottom as the assets that bounce the hardest are signaling they have been noticed and buyers are participating more than the rest.
For targets there is another chart attached for local swing trades and this more to highlight the macro environment created by the past buying and selling behaviors and possible expectations farther out into the future.
One concerning thing on the weekly is since its pump price has not pulled back as far as it did with its peers. This could also be considered extremely bullish IF the market pushes up as a whole but also leaves the question of is truly ready at the current levels.
Taking a measured move from the last macro low would put price at the all time high approximately 270% higher than the current price.
If we acknowledge the potential reverse head and shoulders pattern target would be another 1300% higher and putting INJ in the 100x club or at least near too it. Happens.....
Trade Well.....
There will be a video explanation available later today of this macro chart along with CFX. Seek and ye shall find....
INJ : M-Pattern, BEARISH📉Hi Traders, Investors and Speculators of Charts📈
IF we fail to keep closing daily candles ABOVE $18, the price target could go as low as $10, even if it is just a wick. Buying orders between 10-18 could very well be filled.
From a technical indicator perspective, we've received a sell signal; which is normally very reliable in the higher timeframes.
Losing the dash-diagonal trendline (white) will also be an extremely bearish sign.
Considering that this is the weekly timeframe, it may take some time for the price to move towards the lower support zones, depending of course on how hard the alt-market continues to dump.
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CryptoCheck
BINANCE:INJUSDT.P
I'll show you where to buy! INJIf you are an INJ lover, i am posting this chart just to show you where you can some INJ to your bag. $25 is a good point to add and to enter long on leverage. This is a key point that, if will got touched, will let INJ to start a bull run till $72, and i expect that price to be reached this year. Just like and share my chart if you appreciate my job!
INJ Perfect buy planI posted an ideas with a buy limit on INJ at $25 some weeks ago. Some people called me crazy because Injective was at the top and $25 was looking an impossible target. But here we go, my buy limit go trigger and now we are already in profits. We can target new ATH in the next months
#INJ/USDT#INJ
We have a head and shoulders pattern on a 4-hour frame, the price moves within it and adheres to its limits well, and we are in the process of forming the right shoulder.
We have a major support area at $20
We have a tendency to stabilize above moving average 100
We have an uptrend on the RSI indicator that has been broken to the upside
Entry price is 24.00
The first goal is 27.00
The second goal is 30.00
the third goal is 32.90
INJ LOOKS VERY BEARISH!It is time for INJ holders to start selling their INJs.
Wave C is over and we don't expect a new ATH for INJ.
By creating a large liquidity pool, the price intends to enter bearish wave D.
Note that the magnitude of the D wave is large and the INJ can drop and correct for months.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
INJ - Holding Strong and Bounce Back ExpectedBINANCE:INJUSDT (1D CHART) Technical Analysis Update
INJ/USDT is currently trading at $31.12 and the price is currently around its well tested support zone. I'm expecting the price to bounce back from this zone. If this support zone breaks then our trade is invalid.
Entry level: $ 32.,49
Stop Loss Level: $ 27.65
TakeProfit 1: $ 36.51
TakeProfit 2: $ 39.52
TakeProfit 3: $ 44.99
TakeProfit 4: $ 53.45
Max Leverage: 5x
Position Size: 1% of capital
Don't forget to keep stop loss.
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GreenCrypto
#INJ/USDT#INJ
The price is moving in a downward channel on a 4-hour frame, about to break upward
The area in green is a very strong support area and the price rebounded from it at the price of 33
We have an upward trend on the RSI indicator
We have a higher stability than Mov Average 100
Entry price: 37
The first goal is 40
Second goal 46
Third goal 51
INJ - Injecting An Impulse 💉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 INJ has been overall bullish , trading within the flat wedge pattern in red.
Currently, INJ is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong support at $31.5.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline.
📚 As per my trading style:
As #INJ approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
#INJ/USDT#INJ
The price is moving in a downward channel on a 12-hour frame, about to break upward
The area in green is a very strong support area, from which the price rebounded at $31
We have a downtrend on the RSI indicator about to occur. The fraction is up
We have a higher stability moving average of 100
Entry price is 32.90
The first goal is 40
Second goal 46
Third goal 51
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.
🔥INJ Is In A Massive Channel: Remember that AI BOOM❓Injective is one of the AI-related altcoins which grew by +800% after the channel breakout.
Now the price consolidating in a channel and you can buy it close to the bottom and sell at the top of the channel. The main question is at what side the channel will be broken!
Additional question, if the price have enough power to grow by 700% as the continuation of the bull flag pattern?
💥 will it repeat this time? everything depends on BTC, but it has a chance to do so.
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Check the links and get a BONUS from me👇
INJ/USDT Break Alert! Keep an eye on the support area.💎 INJ has recently undergone significant market dynamics, notably breaking the support trendline of the bearish flag pattern.
💎 This break may lead to a retesting phase, potentially driving the price downwards towards the support area around $25.3, reminiscent of the previous all-time high (ATH) level.
💎 For traders seeking a buying opportunity, waiting for the price to reach the support area or the weekly order block (OB) between $19.3 and $14.6 could be advantageous.
💎 These zones may act as strong support levels, potentially leading to a significant bounce in the price. Such a bounce could pave the way for a subsequent move towards the strong resistance area after another retest.
💎 However, if INJ fails to exhibit significant bullish momentum upon reaching the weekly OB and instead shows signs of consolidation with weakening volume, it could signal a bearish scenario.
💎A confirmed breakdown below the OB might indicate a shift in market sentiment towards bearishness, potentially resulting in a sustained downward movement.