INJUSDTConsidering that the price cannot cross the 1-hour supply range and it creates lower ceilings, it is assumed that the price will enter a downward trend.
INJUPUSDT trade ideas
INJ USDTImportant Update on INJ/USDT Trading Pair
Dear Traders,
We would like to inform you of an important update regarding the trading pair of INJ/USDT. Please read the following information carefully as it pertains to recent developments and changes within the market.
As of the date of this announcement, the INJ/USDT trading pair has seen significant volatility and price fluctuations. We have closely monitored the trading activity and market conditions associated with this pair and have identified a series of factors that have contributed to the increased volatility.
Firstly, it is important to note that the INJ token is associated with the Injective Protocol, a decentralized exchange (DEX) platform that enables users to create and trade various digital assets. The value and performance of INJ are subject to market forces and may be influenced by factors such as trading volume, liquidity, and overall market sentiment.
Furthermore, the USDT token, commonly known as Tether, is a stablecoin that is pegged to the United States dollar on a 1:1 basis. Stablecoins aim to provide stability and reduce the impact of market volatility by maintaining a constant value relative to a specific fiat currency.
However, despite the stability of USDT, the INJ/USDT trading pair may experience volatility due to factors specific to the Injective Protocol and broader market conditions. Market fluctuations, supply and demand dynamics, regulatory developments, and other external factors can all impact the trading pair's performance.
To mitigate the potential risks associated with trading the INJ/USDT pair, we recommend exercising caution and adopting responsible trading practices. It is crucial to conduct thorough research, analyze market trends, and consider your risk tolerance before engaging in any trading activity.
Additionally, we encourage all traders to stay informed about the latest news and updates related to the Injective Protocol, INJ token, and the broader cryptocurrency market. This will help you make informed decisions and manage your investments effectively.
Please note that this announcement does not constitute financial advice, and you should consult with a qualified financial advisor or conduct your own due diligence before making any investment decisions.
At our platform, we remain committed to providing a secure and reliable trading environment. We continuously monitor market conditions, adjust risk management measures, and update our platform to enhance your trading experience.
Thank you for your understanding and cooperation. Should you have any questions or require further assistance, please do not hesitate to contact our customer support team.
🔥Is everyone getting Bullish Probably the Worst Possible Time?So this one is a very interesting one! Injective Protocol as you might have already heard it..
Anyways let's not try to argue Fundamentally. We will argue based on Technicals
Since the start of 2023 (in Jan) the Opening Price was at roughly 1.3$ & right now it is Trading at almost 9$. That is quite a Fantastic Move definitely if you have been it in since start of the year you definitely deserve the every single move that it has printed & maybe it might more.
Anyways I actually have a very big issue with Coins/Tokens like this who have gone up tremendously up & people get addicted to the move until it starts to go in the opposite direction. If you are in Crypto Space you might have heard about Stacks? It also had a very similar thing going like Injective just going up & up everyday & you see now it has been just correcting from the 1.3$ level highs. I have also done some Fib Calculations & came to know that STX got rejected at the 0.618 level (if we calculate from the Dec lows) The crazy part that stuck out too me is that Injective is just near or below its 0.618 level. So maybe this is a Critical Resistance level & that Bearish Outlook is not dead yet.
"Follow the Trend, but do not fall in love with the Trend" this is a Brilliant Quote by Jay Kaeppel idk if you have ever heard this.
Now yes I absolutely recognise the fact that each individual alt has it's own Count so it is a very arbitrary thing to apply one perspective in all other different Coins/Token.
However I think it can be in a very Deadly Corrective Pattern if my Bearish Outlook turns out to be correct. Counter-Trend Rallies are very very tricky & they do fool a lot of people. So just be very careful & cautious here.
As far as my Bearish Targets go probably a Retest of 4$, 3$ on the much more bearish outlook is possible.
As of writing this 9.97$ Highs of April is still not broken. As long as it stays below this level ultimately my Bearish Outlook could turn out to be correct since below this level there is still no uptrend as of now. It would be a very childish thing to call this a New Trend since we need CONFIRMATION!
Now? Can I say one more thing. Can i be wrong about my Analysis? Absolutely. I can do as much as Analysis all day long if I want to but fact of the matter is Market doesn't cares about me or infact nobody. So it could still easily break that 9.97$ level & just easily ignore my Bearish view & maybe even give me a tight slap on my Analysis since there are zero uncertainties here. Trading requires a recognition of fact that you can be wrong & still make Stupid Mistakes.
Anyways enough talk, let's just wait & watch patiently as to how the Price Action Traces out in the coming months. It would be a very very interesting thing certainly.
Risky Scalping Opportunity on As you can see a inverse head and shoulders pattern, we can expect some upward movement
Targets are 8.6 and 8.9
INJ Negative RSI divergence on 15min timeframeHere we are using a combination of trendline breakout and negative rsi divergence strategy for this analysis.
Shorting with a stoploss of $9.1 and target of $8.65 and $8.5
INJUSDT at weekly resistance, likely to retraceThe price has hit the weekly resistance and is expected to be pushed back from here. I think a short is favorable here towards the first support zone 4HS1. Since the price is in uptrend, short trades are usually not so high probability game. And therefore, the risk taken for the trade should be limited. Usually it is good to stick to the long trades but if the setup is there for short then why not take it.
INJ USDT LONGAccording to the report of the daily bullish channel and dealing with the end of the trend,
the expectation of returning to the numbers rises and due to the breaking of the bearish middle line,
this expectation increases.
ALMOST time to Short We almost at the order block
i am adding it to my watchlist and will then decide once i see such a pattern i highlighted
Stay glued here i will update you.
INJUSDT at 4h support, likely to head to weekly resistance 8.86The price has hit the weekly resistance and has been pushed back by that resistance. This weekly resistance level was shared in one of the earlier charts for this pair describing all the resistance and support levels. The price is currently trading at 4h support zone 4HS1. I think a long is favorable from here towards the weekly resistance with a target of 8.86.
$INJ LongLooking for a swing-fail of the $10 level.
Entry = $8.484
Stop Loss = clean break below $8.20
Target = $10
Bullish on Injective - Injective's BoomInjective has been rallying for months and has defied the bear market, which has drained most other crypto assets. Due to its super bullish fundamentals, it has stolen the limelight and will probably continue to do so.
Its uptrend has been very healthy so far, and we can see that through INJBTC. INJ has been doing very well relative to BTC, and both INJUSD and INJBTC look clean. What I mean is that technically they look solid, as they have had several corrections and consolidations. Therefore the current trend looks sustainable.
The two key areas I think INJUSD is targeting next are 10.3$ and 14.5$. Those two areas have a lot of liquidity, given that triple/quadruple tops have formed there. I expect the market to hit those targets in the next few months. Taking profits in those zones makes sense only in the short term, simply to add more in case the market corrects once it gets there.
Inj on 1hr Inj on 1 hr timeframe clear headshoulder pattern keep on eye if breakout below supportline
INJDisclaimer
High Risk Investment
Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form.
A qualified professional should be consulted before making any financial decisions.
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🔥 INJ Long-Term Bull-Flag Break Out AnticipatedINJ has been trading in a bearish channel for nearly 3 months now. With Bitcoin's resurgence, there's a decent probability for INJ to break through the top resistance and to continue it's bullish trend.
The yellow marked area is a short-term bull-flag, within a long-term bull-flag. The trade is based on the premise that both will break bullish.
SL under 7.00, profit target at the recent 2023 top for a decent risk-reward of almost 5.43, make sure to wait for confirmation.
INJ USDT - Daily Long TradeAlready Retested And Gave 20% Trade.
Next Idea Published....
Not A Financial Advice.
I Keep My Charts Simple.
INJUSDTWhen the S&R will act as support we can see the continuation in the HH and HL structure. No shorts can be opened is this it true. Possible good for a scalp trade to the value zone for now if the buyers aren't stepping into the markets.
Weekly BreakoutINJ breaking out of the 10 week flag with plenty of room on RSI. Expecting a pit stop around $15 and then head towards $50 by August before a larger and longer correction.
INJ has well outperformed the market YTD off the bottom and has consolidated nicely, while many other alts rolled over. I think INJ is the current cycle market leader and is following a similar trajectory to LINK in 2019
INJ looks promising! ready ?INJ has been bullish and in a strong uptrend. Expecting this trend to continue and looking to print some $$$ along the way.
if u want me to continue posting good ideas like Alpha, Beta, MTL, ONT etc
then do your guy a big one and drop me a follow.
a follow goes a long way
and keep me motivated to post good ideas that I take myself.
If u like the idea then you know what to do!
as always trade safe and don't get rekt.
INJUSDT bounced well from daily supportThe price experienced a sudden drop but found the support at daily support zone DS1. The price bounced well from there providing an opportunity a long trade there. This level was already marked on the chart. In general the rule is to long the support and short the resistance. And from probability point of view the trades taken from this strategy always result in overall better winning rate (more winner trades than loser trades). This is indeed very true on the long side for a coin which is showing strength. And we talked about INJ being the strong one fro past few days. Such coins in such drop situations give the opportunity for easy money as bounces are really big on such big drops. I will long it again in case it comes back to that daily support.
