INJUSD: Giant Cup and Handle targeting 16.50 before correctionInjective 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 signal to target the R1 level (TP = 16.500). This is potentially a giant Cup and Handle pattern that can even go as high as the R2 level (25.500) before pilling back. After that, it will turn into a buy opportunity again when it hits the 1W MA50.
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Injective
INJ/USDT bullish rally? 👀 🚀 INJ Today analysis💎 Paradisers, turn your attention to INJUSDT! We've observed its steadfast position, holding a pivotal support level and gearing up for a potential bullish ascent.
💎 Historically, INJ has navigated beneath a pronounced descending trendline, which has consistently posed as a formidable resistance. However, a recent shift saw it breaking free from this trendline, briefly touching the resistance at the 8.071 mark.
💎 Currently, as it revisits its support, we're bullish about its chances to challenge the 8.071 resistance once more. Should it surpass this level, the path to a higher resistance tier becomes plausible.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insight
INJUSD Short-term buy opportunityInjective (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 retracement level. As a result, we take this opportunity to long and target 8.7000.
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Injective looks ready for bullish move🔥 🚀INJ Today Analysis💎INJUSDT is gearing up for an impressive bullish surge. Currently, it's trading within a falling wedge and is on the brink of an upward breakout.
💎Another noteworthy point is that INJUSDT is following the 1-5 Elliot Wave pattern, which could further reinforce its upward trajectory.
💎Moreover, the RSI is also signaling an upward trend, providing a strong indication of potential bullish momentum.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journe
Bullish on Injective - Injective's BoomInjective has been rallying for months and has defied the bear market, which has drained most other crypto assets. Due to its super bullish fundamentals, it has stolen the limelight and will probably continue to do so.
Its uptrend has been very healthy so far, and we can see that through INJBTC. INJ has been doing very well relative to BTC, and both INJUSD and INJBTC look clean. What I mean is that technically they look solid, as they have had several corrections and consolidations. Therefore the current trend looks sustainable.
The two key areas I think INJUSD is targeting next are 10.3$ and 14.5$. Those two areas have a lot of liquidity, given that triple/quadruple tops have formed there. I expect the market to hit those targets in the next few months. Taking profits in those zones makes sense only in the short term, simply to add more in case the market corrects once it gets there.
INJUSD Channel Up continuation, buy opportunity.INJUSD maintains the Channel Up pattern that started on the January 1st bottom.
The MA100 (1d) has been its clear Support since January 21st.
Trading Plan:
1. Buy on the current market price.
2. Sell if it breaks under the MA50 (1d).
Targets:
1. 14.95000 (Resistance 2).
2. 5.0000 (expected contact with the MA200 1d).
Tips:
1. The RSI (1d) is trading inside a Triangle. If it hits its top before the price reaches 14.9500, then close the buy regardless. Use the Triangle's tops and bottoms to your advantage for sell / buy entries.
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INJUSDT heading for support levelsHere are the levels for support for this coin pair. There is one hourly support and two 4H support level on the way before the price can hit daily support DS1 around 6.4 zone. These support levels offers the opportunity for long trades for q quick few percent gains. 1HS1 is not that relevant but 4HS1 and 4HS2 can be good levels. And DS1 is definitely a level to long for bigger gain.
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