INJBTC trade ideas
The $1,000,000 Dollars Challenge —Injective (INJBTC)My, my... What do we have here?
Injective broke below a long-term support level, and this is good.
A consolidation phase between April and October 2023 launched a massive bullish impulse. This consolidation phase lasted 189 days or six months. It is marked blue on the chart. This same level worked as resistance in 2021.
After the December 2023 peak we have a classic correction. The 0.786 Fib. retracement level for the last bullish cycle matches the consolidation phase price range.
INJBTC broke this support level and this is good. All weak hands have been removed. Trading volume (bearish) is ultra-low on this drop. INJBTC has been moving lower for more than a year. The initial bearish impulse is the corrective phase. The slow downward action afterward is a new period of consolidation. A bearish consolidation, that is, sideways with a down-bias.
Why is this good?
Because prices are now trading below long-term support. This is the best time possible to buy. We have 487% to 800% potential on the way up.
Once the market (as in this pair) recovers, and it will recover for sure —100%, then we will have massive growth. What better time to buy than now, when prices are low?
The next bullish phase for INJBTC can start within 3 days just as it can take 3 months. Just think of the previous chart I showed you, HIVE; buying two months ago opened 2,000% potential for growth. The chart as it is now, the same target would produce 800% growth potential. Here we have a new example.
Injective is a solid project and did amazing last year. I believe it grew 8,000% on its tether pairing, INJUSDT. If not 8,000% then 6,000% but it was big. The ones that perform good tend to continue to perform good.
I would be cautious if the action remained high near-resistance. This would indicate that growth potential is limited. Seeing the major correction erasing all gains, tells me that the bulls will be ready to play again in the coming weeks or days.
What I've been trying to say is this: I love you!
Oh! Sorry, I mean; Crypto is going up.
Thanks a lot for your continued support.
Namaste.
Trade Alert: INJBTC Sell OpportunityAttention traders,
We have identified a potential trading opportunity on the INJBTC pair with a Sell direction. This analysis is generated using the EASY Quantum Ai strategy, which combines technical indicators and market sentiment analysis for a robust forecast.
Recommended Trade Details:
- Enter Price: 0.00034
- Take Profit: 0.0003329
- Stop Loss: 0.0003542
Justification:
1. Technical Indicators: Recent analysis shows a weakening bullish momentum, indicated by the downward crossing of moving averages, suggesting a bearish trend is likely to continue in the short term.
2. Resistance Levels: INJBTC has encountered significant resistance around the 0.00035 level, with multiple failed attempts to break higher, indicating a strong selling pressure.
3. Sentiment Analysis: Current market sentiment favors a bearish outlook due to an increase in sell-side volume. This suggests that traders are positioning for potential downside movement.
We recommend placing the trade in accordance with the specified entry, take profit, and stop loss levels to manage risk effectively. Monitor the market closely and adjust your strategy if necessary, as unforeseen market developments can affect price action.
Stay informed and trade wisely.
Good luck!
INJ best looking Altcoin for upside Taking a closer look at the INJ/BTC chart, it's one of the few coins holding above its previous cycle high while maintaining a strong wave structure. Market breadth and RSI are carving out a solid bottom, signaling potential strength. In my view, among mid-cap coins, INJ stands out as one with the highest upside potential for the future.
Injective Protocol vs Bitcoin (300% - 500% Potential)Let me start by saying that below "strong support," this is a difficult chart; bearish. But as long as Injective (INJBTC) trades above this level, 0.786 Fib. retracement and orange line, the setup is bullish.
This pair has been closing green five consecutive weeks, slowly moving higher. This is consolidation with a bullish bias.
This chart different to all others but there is some data that can help us see what is happening now.
➖ INJBTC stopped growing in December 2023, when Bitcoin entered bull-run mode.
➖ In June 2022 through November 2022, INJBTC recovered from a bottom low and produced a bullish wave.
➖ In June 2022 through November 2022, BTCUSD produced a lower low and bear-market bottom.
➖ INJBTC is now bullish. We have to consider each chart individually even if it looks hard, difficult or crazy, because the market moves in whatever way it wants.
➖ If Bitcoin were to move down now, INJBTC can easily move up.
➖ INJBTC is pointing up; BTCUSD is pointing down.
Whatever happens next, we don't know.
This chart is bullish and can be traded with a tight stop-loss.
Low risk, vs a high potential for reward.
Not a sure win, nothing is 100% certain.
It is simply a good/strong chart setup because it has a high probability for success.
Some trades we win.
Others trades we lose.
That's just the way it is.
Thank you for reading.
Namaste.
Injective Protocol completed a setup for upto 19% pumpHi dear friends, hope you are well and welcome to the new trade setup of Injective Protocol.
Recently we caught almost 50% pump of INJ as below:
Now on 4-hr time frame, INJ with Bitcoin pair has formed a bullish Gartley move 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.
#INJ/BTC 1D (Binance) Symmetrical triangle breakoutInjective Protocol is out-performing the crypto market after printing that morning star deviation.
Looks good for bullish continuation in sats, probably after pulling back to 100EMA support.
⚡️⚡️ #INJ/BTC ⚡️⚡️
Exchanges: Binance
Signal Type: Regular (Long)
Amount: 6.5%
Current Price:
0.0002916
Entry Targets:
1) 0.0002705
Take-Profit Targets:
1) 0.0003529
Stop Targets:
1) 0.0002292
Published By: @Zblaba
CRYPTOCAP:INJ #INJBTC #Injective #AI #Web3
Risk/Reward= 1:2
Expected Profit= +30.5%
Possible Loss= -15.3%
Estimated Gaintime= 1 month
injective.com
Why INJBTC Is a Top Buy Option Right NowINJBTC is currently one of the most robust BTC pairs, making it a prime candidate for a "buy option." Our analysis strongly supports a long position, with compelling reasons for expecting an ongoing uptrend.
This optimism stems from INJ's consistent adherence to the uptrend trendline, complemented by a clearly discernible pattern of higher highs and higher lows on the daily timeframe. These factors affirm the validity of the uptrend.
The recent rebound from the uptrend trendline is precisely the kind of price action we've been eagerly awaiting. We even offer instruction on this strategy for those interested.
The Rising Star - Injective Protocol (INJ) Set to Soar in 2024Backed by Mark Cuban
By Binance
Hello, traders! Today, we’re going to talk about a cryptocurrency that’s been gaining a lot of attention lately - the Injective Protocol (INJ). There are several reasons why INJ is getting hyped and why it could be a big player next year. Let’s dive in!
Strong Fundamentals: Injective is a blockchain built for finance, powering next-generation DeFi applications. It provides powerful core financial infrastructure primitives that applications can leverage, including a fully decentralized MEV-resistant on-chain orderbook. Its ecosystem includes 100+ projects and over 150,000 community members globally.
Promising Price Predictions: Based on the historical price movements of Injective and the BTC halving cycles, the yearly low Injective price prediction for 2024 is estimated at $6.98. Meanwhile, the price of Injective is predicted to reach as high as $15.68 next year. Other predictions suggest that INJ could reach a maximum price of $20.42 in 2024, and even surpass $26.18 by 2024.
Chart Analysis: The current chart shows some interesting patterns. INJ is trading above the 50 and 200-day SMAs (simple moving averages), which are supporting the price momentum. The MACD displays a rising green histogram in its chart, indicating a massive price action for the coin. This suggests that INJ could be primed for a breakout.
Market Sentiment: The current sentiment is bullish, with 26 technical analysis indicators signaling bullish signals. This positive market sentiment could drive further price appreciation for INJ.
Future Developments: Injective’s core exchange module provides state-of-the-art capabilities including an advanced on-chain order book and matching engine for spot, perpetual, futures and options markets. These developments could attract more users to the platform, potentially driving up the demand and price of INJ.
inj is going to dump really hardContrary to what most people think, INJ distribution has been going on for more than 4-5 months. Most people have been tricked to believe INJ has more upside limits. But from my experience, this is going to dump really really hard, at least 50%+ downside versus bitcoin in coming months
INJ SHORT IDEAhello everyone. i just checked injbtc pair and i saw a paralel channel. reisistance and demand zones seems clear. so , we can try if price comes to reisistance short position, otherwise from demand zone long position. i have not entered the short position yet, i hope price takes me, but if it dropp to the bootm ill try long posiiton from bottom side.
enter: 0,00031109
stop: 0,0003253
target: bottom of channel, around 0,0002141
INJ about to fly for a second time ? Maybe.This is risky play here since the whole geopolitical situation around the world is unstable and governments are flagging imminent regulations of cryptocurrenciess so expect more volatility here. Bitcoin needs to behave too for this prediction to happen.
For the Ichimoku cloud there is the visible strength of the senkou span A ( green cloud ) trying to cross the senkou span B ( red cloud line ) as well as a big inflow of money due to the recent LUNA ecosystem hype.
Let's continue with the chikou span ( neon green line ) it illustrates us perfectly the inverse head & shoulder formation approaching what would be a 30% rise.
INJ also returned to the .25 level of the Fibonacci resistance fan which usually announces a trend reversal based on my previous analysis.
But the most important thing is the support (~1320 sats) it MUST not be broken if so we return to the previous support and probably form a double bottom on the mid-term. If it decides to break out of its current resistance we could see a 100% sooner than we might expect it to.
So it's either bullish short-term or mid-term.
** As always never forget to DYOR this is not financial advice and should be taken only as a data point needing many more so you can invest AND at the same time keep on sleeping well. ;D
If you have any questions ask them away I'll try to answer them as best as I can ! Stay safe out there and until next time take care of yourselves mates :)
(INJ/BTC) Injective Protocol - buy signalHello traders
This is a poor buy signal ,not 100% valid.. but when you look at recent news (fundamentals) it worth making some targets
What is Injective Protocol?
Injective Protocol is a decentralized cross-chain derivatives trading and permissionless DeFi platform. The platform supports CFDs, perpetual swaps, and other derivatives. The protocol's tech stack accelerates trade execution and settlement on layer-2 while remaining fully decentralized. Because Injective is completely decentralized, anyone can create and trade derivatives markets.
How does Injective Protocol work?
The Injective Protocol has four key components:
Injective Chain.
Injective's smart contracts on Ethereum .
Injective API nodes.
Injective front-end interface.
What is the INJ token?
Injective Protocol's native token, INJ, serves as both a utility and a governance token. It's critical to governance, derivatives collateralization, protocol security, market maker and relayer incentives, and capturing the value of exchange fees, among other factors.
Governance: Using a DAO framework, the INJ token may be used to govern many components of Injective's sidechain, such as the futures protocol, exchange settings, and protocol upgrades.
Exchange Fee: Following the distribution of relayer rewards, the exchange fee will be subjected to an on-chain buy-back-and-burn event to generate value for INJ.
Collateral Backing for Derivatives: Derivatives markets will use INJ as collateral rather than just stablecoins. Token holders can earn interest on their INJ by staking them in insurance pools.
Security for Tendermint Proof-of-Stake: Tendermint-based PoS consensus secures Injective Protocol. The ecosystem compensates staking nodes for participating in network consensus. This method inflates the INJ token supply, which starts at 7% per year and lowers to 2% over time.
Market Maker Incentives: The Injective DEX charges 0.1 percent for manufacturers and 0.2 percent for takers. Market makers that help build liquidity on the DEX trading platform get fee reductions.
Credits : coin98insights
INJBTCInjbtc looks juicy in this uptrend. It has been trending since a while, hence it can considered a strong uptrend.
Use your MA to identify an area of value, then enter if the price comes to the area. As for me, am using the EMA and the 13EMA on the 4HTF is acting as my area of value.
Note: you can continue to ride the trend for the next few days, but don't forget risk management. Let your stoploss be below the trendline/the moving average.
Not a financial advise
DYOR