INJUPUSDT trade ideas
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!
INJUSDT Formed a Firm Uptrend, Promising Upside Potential!INJUSDT is on a solid uptrend, with the price consistently respecting the average-price uptrend trendline. Notably, a recent breakthrough above the downtrend trendline indicates a probable continuation of INJ's growth. Today might just mark the launch of the next upward surge. 🚀
INJ/USDT Ready for Bullish Momentum? INJ Analysis🚀 💎Yello Paradisers! Let’s dive deep into INJ! It’s evident that it’s maneuvering above a trading channel and is about to explode.
💎 A meticulous examination reveals a transition from demand to supply in INJUSDT, leading to a significant decline in price, touching the channel support.
💎 Rebounding from this support, the asset is rekindling its bullish momentum, targeting the surpassing of the supply zone. Fascinatingly, a breach of channel resistance could catapult us to the Extreme OB level.
💎 It’s also imperative to acknowledge that a breach below the 6.40 level could likely prompt a retest of the bullish OB level.
💎 Employ wise trading tactics and implement stringent stop-loss protocols
💎 Keep your senses tuned to market fluctuations and stay poised for more insights!
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
INJ/USDT bullish rally? 👀 🚀 INJ Today analysis💎 Paradisers, turn your attention to INJUSDT! We've observed its steadfast position, holding a pivotal support level and gearing up for a potential bullish ascent.
💎 Historically, INJ has navigated beneath a pronounced descending trendline, which has consistently posed as a formidable resistance. However, a recent shift saw it breaking free from this trendline, briefly touching the resistance at the 8.071 mark.
💎 Currently, as it revisits its support, we're bullish about its chances to challenge the 8.071 resistance once more. Should it surpass this level, the path to a higher resistance tier becomes plausible.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insight
INJ heating back up, reversing RSIINJ is one of my top altcoin holdings, I plan to hold this until the next clear bullrun. I started adding to the position during the wedge formation in green. We have a clear RSI reversal on the token here with a newly forming multi-week uptrend of support (light blue). I added a red horizontal line for the sake of the idea that needs to be maintained for uptrend.
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.