Injectiveprotocol
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.
INJective protocol - it needs to breath (I guess)Injective protocol has been on an uptrend since October 2022.
and has risen over 900%.
Recently it made a local high of 9$ and the price started rejecting from it. it tried to break above it and failed...
it has made a double top pattern in 1 Hr timeframe.
I am looking at the correction in this coin.
A potential trade setup is possible.
lets see the PA, if it happens.
INJ Becareful here ! Inj at 10, is no trade zone. It may go down to make a cup n handle pattern or breakouts directly. So, Wait for breakout and retest, then target will be 12-14 Range and final Tp will be 22.
But currently recommended to hold it if you bought with us at price 2 (Feb signal). Otherwise don’t buy at this price 10. Wait…
$INJ/USDT 1D (#Bybit) Rising wedge on resistanceInjective Protocol is entering overbought territory and could retrace down to 100EMA support, after a last push up into supply zone.
⚡️⚡️ #INJ/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.2X)
Amount: 4.9%
Current Price:
7.0720
Entry Zone:
7.1290 - 8.0450
Take-Profit Targets:
1) 5.8905
2) 4.6130
3) 3.3355
Stop Targets:
1) 9.0065
Published By: @Zblaba
CRYPTOCAP:INJ #INJUSDT #Injective #DeFi #Web3 injective.com
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +49.2% | +86.2% | +123.3%
Possible Loss= -41.2%
Estimated Gaintime= 1-2 months
Does INJprice still have the strength to rise or fall right now?In our opinion, the price of INJUSDT is at the stage of final acceleration in parabolic growth.
The completion of the 5th wave may be already around 7$, 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)
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INJ/USDT RELOADED CHART
Note - I'M publishing this chart again coz previous published chart of the same idea was hidden by moderators coz of house rule violation.
SPOT BUY CALL (BUY & HODL) buy INJECTIVE protocol (inj) in 3 parts : 1st buy - @ 2.75 , 2nd buy 20% below the first buying price ,
3rd buy 20% below from 2nd buy price
stop-loss should be placed below ma 200 which is @ $1.692. take profit zone 1ST- $3.8 -$4 take profit 2nd zone - $4 - $6.
always DO YOUR OWN RESEARCH before taking any trade or before investing your hard earned money.
Suggestion/Tip – It is always better to take profit, whether all the zones are bought or not.
Suggestion/Tip 2 - When price is moving on right way
"it is always recommended to move stop-loss to profit side".
If you like the idea and benefited from it please like , share & comment to keep us motivated.
INJECTIVE PROTOCOL $INJ; Distributution is about to complete.INJECTIVE PROTOCOL (INJ) had a immense impulse out of the accumulation range. Now there are clear visible signs of weakness and rejection from weekly HTF resistance. At this confluence, moonboys are calling for three digits $INJ whereas I am conservatively looking for yearly open. The chart shows perfect example of a classic textbook wyckoff distribution schematic so I will follow it. THE BIG SHORT!
INJ/USDTINJ one of the stronger alts today but still think it's going much lower.
I can see a Double Top forming on HTF just needs a confirmation below $3.
In this LTF trade I'm waiting for price to go under $3.61 again, that would be a deviation of the LTF Mid Range and my trigger to short it.
First target is Range Low at $3. That is a big level for INJ. After that Goblin town.
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Short INJ vs USDTINJ is looking like it's forming a Double top pattern here on a Higher time frame chart.
The Double top will be confirmed if it turns $3 from support to resistance and that will be my 1st Target, 2nd Target Mid Range.
I'm not rulling out a one more push into the 4H block so I'm slowly scaling in, wrong if we see acceptence above $3.75.
As I said before, all bounces are for shorting until proven otheriwise.
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Injective Protocol (INJ) formed Gartley for upto 22.50% rallyHi dear friends, hope you are well and welcome to the new trade setup of Injective Protocol (INJ)
In previous trade setup, the priceline of INJ was moved slightly moved down than buying zone, however, recovered soon and pumped more than 19%.
Now this time on a daily time frame, INJ has formed a bullish Gartley pattern for another bullish reversal move soon.
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/USDT. #inj/usdt flipped above the neckline of double bottom formation on 1D chart👀
Want to see a fixation now for the bullish case✈️
BitVero Crypto Academy.
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.