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INJUSD

INJUSDT heading towards daily supportThe price seems to be heading to daily support DS1. After bouncing from the daily support DS1, it went up till the 4h resistance zone 4HR1 and got rejected from there. After a pushback it again attempted towards this resistance zone only to meet the same fate. The price again got rejected from there and fell back down. It is currently trading between the resistance zone 4HR1 and support zone DS1. From the probability and price action perspective, it seems favorable that the price aims for the daily support. This provides a good short opportunity. The target is marked on the chart.
Short
by angela_altair
I Cannot Short This !!!👌Price finally managed to break the Bullish Flag . the price can easily reach the target after a little correction. 🌟 Bullish signals in the PRZ area are: - Support zone - Pivot - Bullish Channel - Bullish Flag - bollinger band - 5th Waves ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles , this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
19
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. Please like, follow and comment!!
CRYPTO:INJUSDLong
by TradingBrokersView
7
INJ: Delving into Technical Indicators and Potential ProspectsGreetings Traders, Today's focus is on INJ, a notable player in the cryptocurrency sector. At present, INJ's market price sits at 6.87. Key Technical Observations A detailed examination of INJ uncovers some noteworthy insights: 1. Relative Strength Index (RSI) and Stochastic: The RSI and stochastic read 69 and 83, respectively, suggesting that INJ may be nearing overbought conditions. While this points to robust bullish sentiment, it also indicates potential for a price correction in the near term. 2. Bollinger Bands: INJ's price is currently nearing the upper Bollinger Band at 6.821, with the middle and lower bands at 6.462 and 6.103, respectively. This proximity to the upper band could imply potential overvaluation, warranting close attention. 3. Volume Oscillator: The volume oscillator is at 12%, showing that upward volume is outpacing downward volume, often considered as a bullish sign. 4. MACD: The MACD value is at 0.055, suggesting a possible bullish trend. However, the elevated RSI and stochastic values call for vigilance against possible trend reversals. 5. Fibonacci Levels: The Fibonacci levels for the 4-hour timeframe stand at 6.063 for the 1 level, 6.373 for the 0.5 level, and 6.682 for the 0 levels. These key levels may serve as significant support or resistance points. EMA 100: The 100-period Exponential Moving Average (EMA) sits at 6.626, potentially acting as a dynamic support or resistance. 6. Resistance Levels: There are notable resistance levels at 6.954 and 7.4. These levels are crucial to observe for potential breakouts or rejections. Concluding Remarks Considering these indicators, traders are advised to keep a close watch on INJ for potential trading opportunities. The interplay between price action and these technical indicators may reveal key insights into prospective market trends. Please remember trading involves inherent risk. Conducting your own research and considering your risk tolerance are crucial before making any trading decisions. Stay tuned for further updates on INJ and other digital currencies. Here's to successful trading!
by ShawnMCR
5