INJUSDT has hit the daily supportThis also has a similar story of falling down. A big red candle directly piercing into the daily support DS1. The price may bounce from here but I want to see some evidence on lower time frame first. If thats there then I will try to long it. The next support level is weekly level WS1 which is still a bit far away. I will post if I see any setup and take any trade.
Injusdtidea
INJUSDT updated support and resistance levelsThe price has bounce from daily support DS1 and moved beyond the 4h support. It seems the price wants to head up to daily resistance DR1. This would provide a short opportunity. I think a short will be favorable from resistance zone DR1 towards the 4h support 4HS2 and may extend to daily support DS1. But lets monitor the price and we will take the trade accordingly. I will share the my setup if I take any trade.
INJUSDT likely to bounce to 7.26-7.30 from 4h supportLets play this long trade here. Probably a less riskier bet would be to long from 4HS2 level but I feel its gonna give a bounce for a long trade already from 4HS1. I will add if it goes to 4HS2. The target should be the next 4h resistance 4HR1 zone around 7.27-7.30.
INJUSDT again at daily support, likely to aim for daily resistLets take another long from the daily support targeting the daily resistance again. This spike was due to this market not being that liquid like Binance one. But if you are not playing with very big size, not so liquid markets (provided this market is very liquid elsewhere) can be a boon as it can give you a very good entry and exit.
INJUSDT - Long Setup!INJUSDT (4h Chart) Technical analysis
INJUSDT (4h Chart) Currently trading at $4.35
Buy level: Above $4.25
Stop loss: Below $3.6
TP1: $4.8
TP2: $5.3
TP3: $6.2
TP4: $7.5
Max Leverage 2x
Always keep Stop loss
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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.
Follow, like the idea and feel free to leave a comment.
Check out other ideas if you like this one.
$INJ narrative play...Team speaking at CosmoVerse conference in Medellin today - Expecting large moves.
Narrative building for this across multiple accounts.
Have just seen reclaim after bouncing off the upper band resistance - has yet to break weekly.
To my mind this is a good R:R play to follow narrative. If good new - should see break of upper resistance, else comes up short and have tight SL
Enjoy....
INJ Price and Trend AnalysisWhen we simplify the chart with Renko, we encounter a elliott wave.
I think the harmonic pattern is completed in the monthly period.
Even if the downward movement continues from here, the price is at an all-time low.
From time to time there may be manipulation movements. Or Btc can drag it downwards. But still this will be short-lived. Such a situation can be evaluated with a little cash. Due to Btc's manipulation of altcoins so much, the stop loss does not make sense to me for commodities like this, which are already below all time in price.
Collecting goods by making piecemeal purchases by staying in cash instead of stop loss is an approach that seems more correct to me. Buying and selling does not seem right for me because the price is at the bottom.
Therefore, collecting goods from these places instead of daily trading is an approach that makes more sense for me.
When we examine the chart, we see that it remains faithful to harmonic trading. Fractal patterns kept repeating each other
However, when we look at the area where the current movements are located, we can observe that it is stuck in a channel.
Let's take another look at the chart with Bollinger bands.
We can observe this jam in different time periods.
Well, if we think about whether the downward movement continues, it is likely that there will be some more downward movement.
But I think this decline could be in the form of a back test. Because I can make a comment that it will stick to the channel line.
Assuming a fall in triangle depth based on the triangle breakdown in the last formation area, this decline seems to be consistent with the channel test we just showed.
Although we have mentioned downward graphical methods, you may have noticed another pattern that we cannot ignore.
Although the handle appears very low, it is still valid in this formation. Because of these and similar mixed signals, I initially said that piecemeal buying and selling made more sense to me.
If we continue to evaluate the indicators, let's talk about cmf first. Let's look at the supply zones on the indicator to which the price reacts.
Below -0.20 the price is surely experiencing a reversal. And our maximum bottom value is -0.40 levels. Buy-sell signals are generated in exchange for the same value in which negative number fields turn into positive numbers. In other words, if you buy -20, we can consider +20 as sell . You can observe this by measuring it yourself in different commodity charts as well. I think it is a more reliable and accurate indicator than the rsi strategy. Because if the money is not synchronized to the candle on the chart, it is most likely saylor syndrome. Those who have read my previous analyses know what saylor syndrome is.
There's no need for anything. Aroon is enough for us.
Aroon up and aroon down may have small reactions at levels in the fibonacci channel. But in general, I think it provides enough visibility into where the direction of the price is and where it will go. Even if Aroon up returns to zero again, we see that prices are already below enough. In other words, there will definitely not be a downward decline such as aroon up going down from 100. Even if prices turn down, it will be a less destructive decline of short duration. Of course, you will want to make a profit and protect yourself from loss. If this seems risky for you, you may want to consider splitting trading. If you think that this does not seem risky for you, you can think that the expectation will rise anyway, you can consider collecting goods. Everyone must make their own strategic decision.
When we look at the Adx, we see that sales are weakening. But there is still no positive reaction.
I see that Adx has focused on the 15 levels of its previous reaction areas. You may want to keep track of prices with a few different combinations of indicators. Or you may want to be in the trade. You make that decision.
In order not to skip anything, I would like to talk about one last formation. There is no such appearance yet. But I would also like to mention this formation because of the possibility that it can happen and the possibility that it can occur when we simulate the current price movements. A formation that everyone resorts to very often;
I wanted to simulate this formation as it is also compatible with previous supply zones.
Note: This is not investment advice.
INJ usdt forecast and ideaThe blue and red lines are resistances and supports (it doesn't matter whether they are vertical, horizontal, or diagonal).
It is currently moving towards the resistant zone.
In case of breaking the resistance zone (crossing the prices of 1.895 - 1.898 ), there is a high potential for growing up to prices:
1 - 2.00
2 - 2.22
3 - 2.50
Good luck
Not losing capital is an income in itself
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INJUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN