INJUPUSDT trade ideas
INJUSD ❕ bearish takeoverThe asset broke down 50EMA (4H TF)
On the 4H Timeframe, the price chart has formed a bearish takeover.
I believe INJ will continue to decline after fixing under the support level.
INJ Is Start The Engine. And We Ready To FlyShort Fundamental Analysis of Injective (INJ)
Injective is a decentralized exchange (DEX) that enables cross-chain margin trading and derivatives trading. It is built on the Cosmos SDK and uses a Tendermint consensus mechanism.
Injective has a number of advantages over other DEXs. First, it is very fast and scalable, with the ability to process thousands of transactions per second. Second, it is very secure, with a number of features designed to prevent fraud and hacking. Third, it is very user-friendly, with a simple and intuitive interface.
Injective has a number of partnerships with leading companies in the cryptocurrency industry. For example, Injective has partnered with Binance Labs, Coinbase Ventures, and Alameda Research.
Recent News on Injective (INJ)
On September 26, 2023, Injective announced that it had integrated with the MetaMask wallet. This integration will allow Injective users to interact with the Injective DEX directly from their MetaMask wallets.
On September 22, 2023, Injective announced that it had launched a new decentralized perpetual contract trading platform. This platform will allow users to trade perpetual contracts on a variety of assets, including cryptocurrencies, stocks, and commodities.
Disclaimer
Cryptocurrencies are volatile assets and prices can fluctuate wildly. It is important to do your own research before investing in any cryptocurrency.
Disclaimer
However, I am not a financial advisor and I cannot provide financial advice. The information I have provided about Injective (INJ) is for informational purposes only and should not be construed as financial advice.
Buying $INJMy previous idea: was invalidated hence am closing the position at small loss
Looking to recover with simple 2R setup
If volume favours us, we might hit a new High in CRYPTOCAP:INJ
The possibility of falling to the bottom of the channel for ENJIn the daily time, this currency is in a sideways trend, but in the 4-hour time, it is in a falling trend.
An important range for the support of this currency is the neck line, and if this range is broken, there is a possibility of falling to the bottom of the trends.
In the best case, this currency will grow up to the previous peak and after that there is a possibility of falling, although it is too early to say this.
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INJ Ready For a Pump?INJ is one of the crypto projects that bounce the hardest when most tokens appear to have found their bottom. We will do a macro outlook on this shortly.
Current Trading Plan
Long entry from current level with a stop loss invalidation area around 5%
Target 1 will be a measured move that aligns with a 50% retrace of its last swing for approximately 13% to the upside
Target 2 will be the 78.6 retrace level just below out last highs approximately 30% higher
INJ SWING SHORTentry 7.4-7.66
stop loss - 4h close above 7.97
Reason being, i expect top performers of the first and 2nd quarters to sell off harder than the majority of crypto, i like the structure here and the r:r is amazing.
follow for more updates/trades!
Still bearish on $INJThis is one of the most overbought crypto
We already have MSS on HTF
Hence am expecting a slow dip
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
INJ pulling back to entry zonesINJ price pulling back.
Watching for reaction at 0.5 fib or worst case 618 fib. Losing this will show weakness and could possibly indicate time to short.
Update INJUSDTFrom the general view of the chart and the update of the previous chart, we find that there is a strong weekly resistance that was tested three times and was unable to break above it. In addition, it has completed a compound upward wave, and it is possible that it will fall strongly in the coming period to visit the strong support area in the shaded area.
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
INJ 1D Short AnalysisHey,
Just want to share my idea on whats happening with INJ on the daily chart.
So at the start we can see a clear 1-5 Elliot wave hitting the 2.618 projection where 5th makes a Bearish double top Pattern.
whats next ? ---> ABC....
Right now the price action is after doing a Breakout (Not shown in this chart but if you draw a trendline from 2-4 you will see a 3 touch breakout forming the A wave) is heading back up to retest the breakout and also forming a B wave to the 618 Level or the top of the Terminating channels (Drawn from the top of 3 to the bottom of A).
We Continue and look at our RSI and see Hidden Bullish Divergence which confirms the price is on its way to form a B wave.
Going forward we can also see an incoming 3 touch breakout (trendline from 4-A) which would then reflect on my Magnetic EMA indicator (very bottom one).
Right now I am waiting for the price action to pump up a little bit closer to the top of the trend channel before im going to start looking for short entries.
If it doesnt pump back up then my entries will be at the 3touch breakout.
wheres the TP ? - TP on an ABC are usually between wave 2-3 so in my opinion the safe TF is at the 1.618 at around 4.102$ (35% down) but everything could change when we see more waves.
Lets go !
#INJUSDT #LQR #TOBTC #LaqiraProtocolThe price is in a channel. If Break and confirmation, you can open a trade to a certain support. Specific Levels on the chart can be traded after confirmation and matching with Bitcoin levels. This analysis is not an offer to buy or sell
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 to go down towards 4h supportHere is a short idea for INJUSDT. The price is facing resistamce at the level marked on the chart as HR1. It has retested this level and reversed from that zone. The price may attempt that zone again and likely to move down again. Therefore, a short trade is favorable here with a target towards 4h support 4HS1.
INJ/USDT 4hrINJ/USDT 4hr chart
INJ is Currently bullish on the Daily chart been pulling back for the last couple weeks and has switched back over to bullish on the 4hr and been making higher highs and lower lows. Waiting for it to pull back into the previous order block to attack the last range high.
Its Bullish on all 3 times frames ( Daily 4hr 1hr )
Inj Getting ready For Move Towards 12$ Already In Uptrend And Consolidation Is Almost Over Expecting Another Massive Rally
Formed Falling Wedge In h12 tf incase of breakout expecting move towards 12$
Keep Eyes On Injective For Breakout
INJUSDT Double Bottom - A Potential Game Changer💎 #INJUSDT has recently formed a double bottom near the $6.2 support. But, at the same time, the downtrend trendline is holding strong, suggesting that bears are still in control. 🐻
💎 However, the presence of a potential double bottom introduces the possibility of a sentiment shift from bearish to bullish if we witness a decisive 4-hour break and close above the trendline. This could be a game-changer Paradisers. 🎮
💎 In the event of a clear 4-hour breakout above the trendline, #INJUSDT may embark on an upward journey toward the nearest supply zone, located around the psychologically significant $8 resistance. If we break above this zone, it could magically transform into a demand area, setting the stage for further growth. 🪄
💎 In this optimistic scenario, #INJUSDT might set its sights on the next supply zone, which, this time, is situated at the $10 psychological resistance level. Paradise team members should be prepared for this exciting possibility. 🚀
💎 Overall, the outlook seems to favor the formation of a bottom. However, we must remain vigilant and ensure that no new lower lows are printed, as a downside breakout would once again affirm bearish dominance. 🚫🐻
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.
INJUSDT at 4h resistance, likely to head downThe price broke down further after losing the daily support. However, it bounced well and tested 4h resistance 4HR1. The price was rejected from that resistance on several attempt sand now the price has made the next attempt. Although it is repeated attempt, the probability is still in favor that it will be rejected again, and therefore a short is favorable. Howeverm since its a repeated attempt, the size should be kept low to minimize the risk.
$INJ Short IdeaPrice backtested LTF support level (circled) -- which was my trigger/entry.
Invalidation above circled wick.
Targeting $6.2's -- imo that wick is getting filled.
Let's see.
