$INJ SHORTBINANCE:INJUSDT has failed to close at least a 12hour candle above $7.4 which is the pivotal level in the last few weeks. Support flipped into resistance.
I’m expecting a move towards $6.7 in the coming days.
INJUPUSDT trade ideas
INJUSDT at daily support, long favorable as bounce is likelyHere is a long trade idea for INJUSDT. The price has hit the daily support. This support I believe will hold for a while at least and provide some bounce favoring a long trade. The price has currently bouncing from the top of the support zone. However, its possible that the price will tap further into that zone. I will allocate some size here and some later when the price dips into that zone deeper. There are two resistances on the way up which are relevant for this trade. One is hourly resistance HR1 and another one is 4h resistance 4HR1. I think hourly will resist the price but will give the way for the price to move up to the 4h resistance after a bit of struggle there. Therefore, some profit booking at that hourly resistance is recommended. And if everything goes as planned then the price should hit 4h resistance 4HR1 and in turn concluding our long trade idea. Lets see how it goes.
$INJ Looks not Good Ready for DownwardThe trigger is a rejection & LTF retrace after
RSI has obviously peaked, ADX is rolling over.
#INJ price can make a higher high within my Sell/Take Profit Zone creating a classic Bearish Divergence
$INJ Short OpportunityOn Daily TF we have a lot of bearish confirmations
Two Order blocks
On H4 we have a bearish engulfing candle
SasanSeifi 💁♂️INJ👉1D🔻 6.50$ / 5.50$Hey there! In the daily timeframe, as you can see, the trend fluctuates within the price range of $5 and $10.
▫️ Currently, it's trading around the $7.20 price range. The expectation we can have is for the price to continue towards the price range of $6.50 and the support zone of $5.50 with a corrective trend. To better understand the continuation of the upward trend, it's important to observe how the price reacts to the support levels during this correction. Otherwise, if the price manages to break above the resistance level of $8 and establishes itself, we might witness further growth towards the $9 price range. For now, the trend appears to be corrective.📊
🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️✨
❎ (DYOR)...⚠️⚜️
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INJ/USDTThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied
INJUSDT long ideaIts looking like a consolidation after an upward move on smaller time frame. The price is likely to break up after this consolidation. Probably a long is favorable here as the end of this consildation will move the price upward.
INJUSDT short ideaThe price has bounced from daily support. However, it has touched the trend line which had held the price down just before this upward move. I expect the price to pullback from here and therefore a quick short trade is favorable here.
$INJ LONGCRYPTOCAP:INJ successfully retested the breakout point and held above it nicely. A move towards $8 should be coming next, if BTC behaves ofc!
Stops below 7.1 where this idea gets invalidated.
$INJ LONGCRYPTOCAP:INJ looking good for a push to $8 short term. Horizontal and diagonal resistance flipped into support
INJUSDT at 4h support, likely to head higherThe price has come back to 4h support. It was rejected from 4h resistance 4HR2 even though it spiked above temporarily. It is likely to bounce here. I think a long is favorable here. The target of the trade should be 7.66.
$INJabove 200 ema on daily and vwap from local low
break downtrend and lets see if we get a deviation or a flip
stoch cross and in bullish territory
INJUSDT at daily support, likely to head up towards 7.46Here is next long idea. The price has hit the daily support DS1 and likely to bounce from here providing an opportunity for a long trade. The target should be the next 4h resistance which is around 7.46.
Brief Analysis ——INJToday we have selected two tokens with high trading volume from the tokens listed on Binance for a brief analysis. They are EOS and INJ.
The performance of INJ in 2023 is impressive. It rose with fluctuation, almost staying above the green dotted line. The current price is gradually approaching the green dotted line. When most tokens fell last Thursday, the bulls of INJ strengthened, and the long green candle almost covered the previous decline. Although the price fell for several days afterwards, it did not cover the gains of the long green candle.
Conclusion: Mostly fluctuation. INJ remains bullish on a large scale. There is not much difference between bulls and bears on a small scale. So we come to this conclusion. The green dotted line would provide bullish strength. We set resistance level at 8.2 and support level at 7.0.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
INJUSDT 22 - 08 MovePair : INJUSDT ( Crypto )
Description :
Impulse Correction Impulse
Resistance Level
Break of Structure
Falling Wedge in Short Time Frame
Completed " AB " Correction
INJUSDT short ideaThe price has broken down the daily support and moved downward. The daily support acted as a support for a while and provided a couple of bounces with the second bounce being smaller than the current one. This was an early sign for the breakdown but we were not observant enough to notice that. However, both were good for quick long trade although not upto the target. Now since, it has broken the daily support, I expect it to head towards the next daily support which is marked at DS1 around 6.96-7.15. The price still has chance to come back up to the broken daily support level but I consider it as a gone case if 4h candle already closes below as that reduces the probability drastically of the price claiming the support back. Therefore, I think from probabbility perspective, the price is likely to visit DS1 daily support insinuating short trades being favorable on bounces.
This is a short trade idea. The price has broken is likely to retrace down to daily support DS1. The price still may bounce towards 4h resistance and allows to add some size there.
INJUSDT likely to come down to daily support and bounceHad a look at chart too late for a short. Else was a good opportunity on retest of 4HR1 resistance. Now we look for long. Price currently at the 4h support and can see some bounce here but I think it is likely that it is coming towards daily support. A better and favorable long entry is from daily support. Lets have the target dynamic for this one but for now lets keep the 4h resistance 4HR1 as the target.
INJ Sell Trade. Here is My Study on INJ.
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INJUSDT close to 4h support, long favorable from thereThe price is coming to 4h support zone 4HS1. It is likely that the price will bounce from there. This makes a long trade favorable from there. The price is likely to head towards hourly resistance around 7.91-7.94 zone. The target of the trade should be this zone around 7.93.
INJUSDT-SHORT SETUPinj is making lower highs and lower lows and there is no divergence seen in this retracement toward upside. retraced above the golden pocket shorted at market price stop above the lower high.
injusdthi everyone i am sure this can happen we are buying in 3 parts we are bulish on injusdt because of supplay and demand alot news are there for inj coin so keep manage your risk first buy in parts and enjoy your trade
