Trade signal | Injective Protocol (INJ) setup for upto 23% pumpHi dear members, hope you are well and welcome to the new trade setup of Injective Protocol (INJ) with US Dollar pair.
Previously after the completion of bullish Gartley INJ produce, almost 570% massive rally as below:
Now on a daily time frame, INJ has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Inj
INJUSDT - Opportunity during triangle formation and breakout#INJUSDT (4H CHART) Technical Analysis Update
INJ is currently trading at 34.42 and showing a triangle formation pattern. Currently it's bouncing back from the support level, we can expect the price to reach the next resistance of the triangle at around 37.5, you can exit the trade if you are looking for scalp trade.
We can expect some correct after hitting the 37.5 level and then bounce back to break the triangle.
Second resistance is at 39$ range and 3rd resistance is at 44$
Long Entry level: $ 33 - 34
Stop loss: below $ 31
Target 1: $ 37.5
Target 2: $ 39
Target 3: $ 44
Max Leverage: 5x
ALWAYS KEEP STOP LOSS.
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INJ will have a drop aheadinj has momentum weakness and has recently accumulated two cash pools and has a high chance of dropping.
A liquidity pool can be seen at the bottom of the chart, and below this liquidity pool is the LSH (long shadow) range, which is a good indicator.
I specified the targets on the chart.
Closing a daily candle above 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 is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
Injective Protocol may see significant price increase like previous pattern🤔
If a breakout repeats, estimate 60%+ price gain.
❗ Note that if the Flag is broken down with the power of descending candles, our analysis will fail.
🤑 Stay great my friends.
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Sell in pattern (INJ)📊Analysis by AhmadArz:
set limit in resistance of pattern.
🔍Entry:42.48
🛑Stop Loss: 43.43
🎯Take Profit: 41.53
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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INJUSDT Injective Key levels, Probability and outlook for EntryINJ/USDT Technical Analysis Report
Date: January 11, 2024
Overview:
Injective Protocol (INJ) has shown a significant bullish movement against USDT as observed on the weekly timeframe on Binance. The recent price action has brought INJ to a pivotal point that may indicate future price directions.
Z-Score Probability Analysis:
The Z-Score Probability Indicator suggests that INJ has entered a highly bullish zone, with the score reaching a peak of 34.829136, which is a rare event and indicates a strong deviation from the mean price. This could be interpreted as an overbought condition, and traders should be cautious of a potential pullback. The green area expansion on the chart also supports the bullish sentiment, but traders might want to wait for the indicator to cool down before entering new positions.
Channel and Support/Resistance Analysis:
INJ's price has skyrocketed through the parallel channel, breaking past the upper boundaries, which can be a sign of strong buying pressure. The price is currently hovering around 40.651 USDT with a clear spike in volume, suggesting significant interest at these levels. The dashed lines represent key support levels, with 14.990 USDT being a crucial one to watch, as it previously acted as resistance and could now serve as strong support.
Volume Analysis:
A spike in trading volume accompanies the recent price surge, which validates the strength of the current trend. High volume is a good indicator of sustainable moves, so the current uptrend might have the momentum to continue, provided the volume remains high.
Potential Strategy:
Considering the overbought conditions suggested by the Z-Score Probability Indicator, traders might anticipate a retracement. A strategy could involve waiting for the price to test the broken resistance-turned-support levels before considering entry points for long positions. Aggressive traders might look for short-term retracement trades, while conservative traders might wait for confirmation of support holding.
Risk Consideration:
Given the extreme reading on the Z-Score Probability Indicator, there is a risk of a sharp correction. Traders should use stop-loss orders and consider the high volatility in their risk management strategies.
Conclusion:
INJ has shown strong bullish momentum, but the extreme Z-Score reading suggests caution. Traders should look for potential entries on retracements to key support levels, keeping an eye on volume and price action for confirmation. As always, maintain a solid risk management strategy to protect against unexpected market moves.
This report is for informational purposes only and is not investment advice. Always do your own research and consider your risk tolerance before trading.
The possibility of growth up to the resistance rangeIn this requested analysis, according to the analysis of this currency in the daily time, we determined its general trend, and then in the 4-hour time, we examined the support and resistance points for this currency and determined the possible movement of this currency.
We have provided secure entry as well as average points of subtraction for friends who have or are planning to enter this currency.
Entry in breakeven(INJ)📊Analysis by AhmadArz:
wait for back to breakeven
🔍Entry: 4.396
🛑Stop Loss: 40.236
🎯Take Profit: 42.626
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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$INJ - COSMOS Ecosystem Analysis Series I will post a series of longer timeframe technical analysis on Cosmos Ecosystem coins.
Here is the second project in my long term buy list: INJ - Injective. I will be adding more INJ on the dips to my buy zones shown on the chart,
Injective Protocol, as part of the Cosmos ecosystem, is a groundbreaking project that brings several inspiring and innovative aspects to the world of decentralized finance (DeFi) and blockchain technology.
Here are some key facts about the Injective project that highlight its uniqueness and potential:
Fully Decentralized Exchange Protocol : Injective Protocol is pioneering as a fully decentralized exchange (DEX), allowing for completely permissionless and decentralized trading across a variety of financial products.
Interoperability: Built on the Cosmos network, Injective Protocol leverages the interoperability features of Cosmos, enabling it to interact seamlessly with multiple blockchain networks. This broadens its reach and utility across different blockchain ecosystems.
Zero Gas Fees : One of the most compelling features of Injective Protocol is its zero gas fee structure. This makes trading on the platform more accessible and cost-effective, removing one of the significant barriers in the DeFi space.
High-Speed and Scalable: Leveraging the speed and scalability of the Cosmos ecosystem, Injective Protocol offers a high-performance trading experience with fast transaction times, enhancing user experience significantly.
Support for a Wide Range of Financial Products: Unlike many other DEXs, Injective Protocol supports a wide variety of financial products, including futures, perpetual swaps, and spot trading, giving users a diverse range of trading options.
Community Governance: True to the ethos of decentralization, Injective Protocol employs a community-driven governance model. Token holders can propose and vote on changes to the protocol, fostering a democratic and user-centric development approach.
Robust Security Measures: Security is paramount in DeFi, and Injective Protocol has implemented robust security measures to protect users and their assets, ensuring a safe trading environment.
Global and Inclusive: The platform's decentralized nature makes it globally accessible, breaking down geographical barriers and offering equal opportunities to people worldwide to participate in the DeFi ecosystem.
Continuous Development and Collaboration: Injective Protocol is known for its commitment to continuous improvement and collaboration with other projects and platforms within the Cosmos ecosystem and beyond, fostering a spirit of innovation and growth in the blockchain space.
These aspects make Injective Protocol not just a platform but a beacon in the DeFi space, demonstrating the power of decentralization, interoperability, and user-centric design in creating a more inclusive and efficient financial system.
Injective Protocol (INJ) setup for upto 17.50%Hi dear friends, hope you are well and welcome to the new trade setup of Injective Protocol (INJ) with US Dollar pair.
Previously after the completion of bullish Gartley INJ produce, almost 570% massive rally as below:
Now on a 4-hr time frame, INJ has formed another bullish Gartley for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
INJ (the strong bull )INJ / USDT
INJ showed strength in every flash crash since last few weeks and today it make a new ATH !
Its kind of behavior/ price action only reminds me of BNB and SOL in 2021 !
I want to see it consolidating and holding above its previous ATH in order for push more
Could it repeat BNB 2021 or SOL 2021 again ?
#DYOR
INJUSD Two sell signals for low risk profits.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 trend-line earlier, we will sell the break-out and target a potential contact with the 1D MA200 (orange trend-line) at 16.000.
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INJUSDT at LTF support, likely to head up and clear the highI believe the price has retraced enough and has landed on the adjusted low time frame support LTFS1 and may be ready to bounce again. This time the bounce will probably clear the high it has made previously. However, partial profit taking on the way up would not be a bad idea. Let see how and where it goes.
INSUSDT at LTF support, likely to head up to 34.08The price has hit the low time frame support LTFS1 and it is lilkely to bounce from there. Therefore, a long is preferable here. The target of the trade should be 34.08. The stop loss has also been marked on the chart. If it loses that support, then it is heading towards 30.9 area.
What is INJ ? Product descriptionInjective (INJ) is a blockchain protocol focused on decentralized finance (DeFi) applications. Developed by Injective Labs, it was launched in 2018 with key features designed to enhance the DeFi ecosystem.
Key Features of Injective:
- Interoperability: Built using the Cosmos SDK, Injective is highly interoperable. It supports the Cosmos Inter-Blockchain Communication (IBC) protocol, allowing seamless asset transfer across different blockchain networks. Injective is compatible with multiple blockchains like Ethereum, Solana, and Cosmos.
- Decentralized Finance Tools: Injective provides developers with software modules to build DeFi solutions, including decentralized exchanges (DEXs). These tools ensure interoperability and liquidity aggregation within its ecosystem.
- Decentralized Autonomous Organization (DAO): Governance of the Injective protocol is overseen by a DAO, allowing community-driven network and protocol updates.
- Resistance to Front-Running: Injective employs a frequent batch auction model to prevent front-running, a common issue in decentralized exchanges.
- Deflationary Tokenomics: INJ, the native token of Injective, has a deflationary mechanism. 60% of all protocol fees are burned weekly, reducing the token's supply over time.
- Use Cases of INJ Token: INJ is used for transaction fee discounts, staking rewards, governance, providing passive income, and incentivizing market makers.
Development and Ecosystem:
- Development Team: The Injective protocol was developed by Injective Labs, comprising engineers, traders, and operators. The team maintains a relayer interface and offers backend support for the protocol.
- Ecosystem Growth: Injective has a rapidly growing ecosystem with projects like Helix, Astroport, and Frontrunner. It also announced a $150M ecosystem initiative to support DeFi developers building on Injective.
- Technological Upgrades: Injective has undergone significant upgrades, such as the Injective CosmWasm Mainnet upgrade, which supports smart contracts and automated execution. The upcoming Volan upgrade will introduce sub-second block times and full IBC integration.
Injective Chain and Tokenomics:
- Chain Details. Injective Chain is a permissionless public blockchain network that operates on a Delegated Proof-of-Stake (DPoS) consensus.
- Token Supply: INJ has a maximum supply of 100 million tokens, with various allocations for ecosystem development, community growth, and initial sales.
In essence, Injective aims to create a more democratized and efficient financial system through its DeFi-focused blockchain infrastructure and native token INJ.