Injective Protocol (INJ) setup for upto 17.50%Hi dear friends, hope you are well and welcome to the new trade setup of Injective Protocol (INJ) with US Dollar pair.
Previously after the completion of bullish Gartley INJ produce, almost 570% massive rally as below:
Now on a 4-hr time frame, INJ has formed another bullish Gartley for the next price reversal.
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.
Injusdtlong
INJUSDT at LTF support, likely to head up and clear the highI believe the price has retraced enough and has landed on the adjusted low time frame support LTFS1 and may be ready to bounce again. This time the bounce will probably clear the high it has made previously. However, partial profit taking on the way up would not be a bad idea. Let see how and where it goes.
#injusd 1w Looks amazing in price discovery.Daily bullish pennant(purple) target is around 37,82 but weekly PRZ would probably be around 44,84 which would be a perfect place for shorts finally taking control. Because yellow symmetric triangle target will be complete at the same time with probable 1st wave inside of 3rd wave major count.
INSUSDT at LTF support, likely to head up to 34.08The price has hit the low time frame support LTFS1 and it is lilkely to bounce from there. Therefore, a long is preferable here. The target of the trade should be 34.08. The stop loss has also been marked on the chart. If it loses that support, then it is heading towards 30.9 area.
INJUSDT on the riseThe move on this one has been pretty impressive. The price blasted through the monthly resistance MR1 on this move up and reached its all time high value. I believe it has a lot of potential to go further up. One should look for a good entry on this one for high time frame trade. Weekly support WS1 can be a good entry point in case we get that. For smaller time frame trades, we will discuss that in a separate post.
3 ENTRY ON DIFFRENT LEVEL*-Technical Analysis 📈
break from high CH = move to 16.60$
*Trade (Buy) 📊
13.877$
*-Stop Loss 🔴
3 level
*-Take Profit 🎯
14.70$ - 16.60$
*-Risk Management 🚧
3-5%
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencie
I anticipate a 30% increase in INJ.Hello everyone! Today let's take a look at Injective.
Currently, the price is at a local bottom, and when it reaches this level, it tends to bounce back up.
Another factor supporting the price is the EMA 200, which has just reached the support zone around $6.6. This suggests that a breakout below this level and further price drop are unlikely, except for a possible false breakout.
Additionally, we can see a descending trend line on the chart, which acts as resistance for price growth.
I believe that we can expect a rise in the asset's value in the near future, potentially up to the 0.618 Fib level at $8.49. Considering that the price is moving within a sideways trading channel, it could even reach the upper boundary around $9.5.
This is not financial advice, and everything you do is at your own risk.
Medium- or long-term trade #6 for Injective INJ priceIt seems to us that the price chart of INJUSDT shows a continuation of "the Cup and Handle" trend pattern.
Accordingly, the following conditions for medium- or long-term trading are valid and applicable:
Enter = 6,56
Stop = 6,19 ( - 5.6%)
TP = 11,34 ( + 72.9%)
P/L ratio = 12.9
We allocate $10,000 for this trade
In the event of a mistake, we will lose $564
If the trade will success, we will receive a profit of $7287
What do you think about this trade, and what is your vision? Write about it in the comments!
INJ totally on the way to predictive target 14.312h time frame
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INJ is very strong since we share the signal at 7.5(ref.1), it has increased by 40%. Next, just wait it to reach our previous analysis, which target is 14.3. Also, considering the risk, we set protective SL at 9.5 to make sure the profit.
ref.1 Signals on Oct 5th
INJUSDT likely to head to daily resistance again around 7.93.The price has been rejected from daily resistance DR1 twice. Upon hitting the next support 4HS1, it has bounced. I think this support will provice the necessary bounce for a long trade and the price will aim for the daily resistance DR1 again. The price has already bounced so we should wait for it to pullback again to start building the position. The target of this long trade should be 7.93.
INJ target 9.752h time frame
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INJ is creating a triangle structure, this pattern could be regarded as continuation structure of previous wave from $6.36 to $8.05. Triangle bottom(~$7.2) is also the 0.5 Fibonacci Retracement, which is not that better but available so far. If INJ go back to $7.2, we can set up a trading plan.
TP: 9.75
SL: 6.78
Also, there is a higher target at $14.3 as our big time frame analysis on INJ, refer to following link.
INJINJ currently in consolidation mode
If you want to take a take a long term trade, then my recommendation is to wait for break out from one of the boxes you can see on the chart
I believe that the coin will show its strength once BTC finds its bottom and starts to pumping.
On lower TF you can try to take scalp shorts and longs, but if we see that the coin closes with 4H + candle at around 6.6$, in this case we can expect the dump towards to 5.36$ where the coin has Monthly FVG (L.1)
On that level you can buy the coin on Spot or Longe it.
But is the coin will go up towards to level 8.5$ in this case important to see D close above 8.5$ - it will open the way to upper levels. (L.2)
INJUSDT heading to daily support at 7.10-7.13 before a bounceThe price is heading southward. The next support is the daily support DS1. This support is sitting around 7.10-7.13. It is likely that the price will hit this zone on this drop. There is a weekly support sitting below this daily support 6.91-7.03. There is a possibility that the price may hit that before a bounce but I think daily support will provide some bounce favoring a long trade. If it hits WS1, the bounce will be larger and a better long opportunity.
INJUSDT a short and a long ideaHere is a pair of trade ideas for INJUSDT. One is a short and then a long trade. The price action suggests to trade only in the long direction on any pullback. However, a short here from the daily resistance is not a bad idea. But the size should be kept smaller to keep the risk lower given the momentum in the opposite direction. If the desired pullback is there expected in the short trade, the price shall find support at 4h support 4HS1 and that should make the price reverse its path and again move upward. This will create a conducive environment for a long trade opportunity again towards the daily resistance. Though the price may break the daily resistance on the next attempt with that long trade idea, but we will reassess it again and adjust the target once we are in that trade and the price is moving according to our expectation.
INJUSDT at 4h support, likely to head to 7.60-7.69Here is a long idea for INJUSDT. The price has hit 4h support 4HS1. I think the price should bounce here and aim for the 4h resistance 4HR1. Therefore, a long is favorable from this level. In case the price loses the support, the trade idea is invalidated. The target of the trade should be around 7.6-7.69.
INJ symmetrical structure target 14.312h time frame
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INJ is creating a potential symmetrical structure, which is corresponded to left wave from 14.9~1.18(12th Nov 21" ~ 1st Jul 22"). Secondly, INJ got support at 0.5 and 0.382 Fibonacci Projection(depend on different waves). Moreover, higher high trend is making for a while and it's clear to set SL for opening long.
TP: 14.3
SL: 6.238
INJUSDT at 4h support, likely to head up to 7.40-7.44Here is a long trade idea for this pair. The price has come to 4h support and a bounce is likely. I think this level will provide the needed support and price will make a reversal here at least to make this long idea favorable. The target of this long trade is 4h resistance zone 4HR1. This resistance zone is sitting around 7.40-7.44 area.
INJUSDT 21/09 MovePair : INJUSDT ( Inj / Tether )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Short Time Frame , In STF it has breakout the Lower Trend Line but didn't Completed Retracement. It has Completed " 1234 "Impulsive Wave if Rejects with Strong Bullish Price Action then Long
INJUSDT at 4h support, likely to head up to 4h resistance zoneI think its time to take a long trade now. The price hit the 4h support zone 4HS1. This was our short trade idea from 4h resistance 4HR1 to 4h support zone 4HS1. Since the price has hit the 4h supprt 4HS1 now, it is likely to bounce from here again towards 4HR1. Therefore, a long trade is favored here.
INJUSDT looking bullish for short termThe price hit the daily support and bounced from there. Missed this opportunity as I was out and could not monitor this opportunity. The ideal long would have been 4 hours ago where the price pulled back after the bounce from the daily support zone DS1. Anyways, the outlook for short term trades are looking to be favoring long side. Any pullback to 6.40-6.46 is for buy towards 4h resistance 4HR1 provided the price has not hit the 4HR1 zone before doing so. I think the price has a possibility to move beyond that resistance level but I will wait for a good entry. Till then lets wait.