$INJ WARNING. It is about to pump: are you ready?Check out my other idea on $INJ. I'm closely following this coin because it's on my list of the most promising for the upcoming alt season.
CRYPTOCAP:INJ has been suppressed by a bearish MACD on the daily timeframe. However, the indicator is about to cross, signaling that the selling pressure may be ending, and a buying trend could follow.
- The team is working tirelessly, announcing new updates, bridges, or partnerships almost daily.
- They are also burning tokens, which will drive a deflationary trend, especially since there are no more token unlocks, and the tokenomics are free from VC influence.
Check out the news here; it's impressive: crypto.news
I remain very bullish on CRYPTOCAP:INJ despite its recent underperformance, mainly due to some technical indicator resets.
Let's see if this idea follows its path, just like the others.
DYOR
Injlong
Could Injusdt's Latest Move Signal a Major Reversal? Yello, Paradisers! Have you noticed #Injusdt recent market activity? It's been a wild ride, making lower lows and lower highs for several days in a downtrend. But is there a glimmer of hope for a bullish reversal? Let's dive into the details! 🧐
💎#Injusdt has been caught in a relentless downtrend, characterized by lower lows and lower highs. However, the market structure recently experienced a significant shift with a break to the upside, resulting in a higher high. This move has brought some optimism among traders, suggesting a potential reversal.
💎After breaking out, the price retraced back to a previous resistance level, which is now acting as support. This is a crucial zone that traders should watch closely.
💎The price is respecting an ascending support line with multiple taps, indicating strong buyer interest at these levels. Currently, the price is positioned just above a critical support-resistance level, increasing the likelihood of testing the minor resistance zone at 29.72.
💎If the volume holds, there's a good chance the price may rally to the major resistance zone between 33.02 and 35.85. However, it's important to stay cautious.
💎If the price fails to maintain above the ascending support and closes below 22 on the daily chart, it will invalidate the uptrend, signaling a potential return to the previous downtrend.
Stay vigilant, Paradisers. INJUSDT is at a pivotal point, and the next few moves could set the tone for its medium-term trend. Always remember, disciplined trading and sticking to your strategy is crucial for long-term success. Keep a close eye on these levels and adjust your trades accordingly.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
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.