Inj promising for long at this pointInj long
Open : 7.741
Stop : 7.70
Tp: 8.16
It's not a financial advise
Always do your own search
INJUPUSDT trade ideas
INJ Long term analysis Injective Protocol (INJ) is a decentralized exchange (DEX) protocol built on the Ethereum blockchain. It aims to provide a high-performance, secure, and decentralized trading environment for various digital assets, including cryptocurrencies, derivatives, and other financial instruments. Injective Protocol is designed to enable peer-to-peer trading without relying on traditional intermediaries.
Key features of Injective Protocol include:
Decentralization: Injective Protocol operates as a decentralized network, allowing users to trade directly with each other without intermediaries.
Scalability and Speed: The protocol utilizes layer-2 technology, specifically the Ethereum Virtual Machine (EVM) compatibility, to enhance scalability and transaction throughput.
Cross-chain Compatibility: Injective Protocol supports cross-chain trading, enabling users to trade assets from different blockchains without relying on centralized bridges.
Community Governance: Participants of the protocol can have a say in its governance through decentralized governance mechanisms, allowing for community-driven decision-making.
Derivatives Trading: Injective Protocol supports the trading of derivatives, including perpetual swaps and futures contracts, providing users with access to a wider range of financial products.
injThis is an arrow to get rid of scalp entries. Be careful. If it doesn't break, it will sell well.
injIn the last stage, for a mid-term entry, I look for an entry point almost in this range. Here you can buy three steps, you can buy one step and then come to the bottom of the channel and check again.
injWe will come daily time
We have the above liquidity, which can be of interest. If we draw a trend line from the beginning of the trend, there is a reaction to it and the price is now below it. This is a bit suspicious. Now, if we take it from the previous bottom, we get a range that It is possible to look for an entry point in this area. I think Midline can be a good channel
injIn the weekly time, higher ceilings and floors have been set. Currently, the green floor has not been set, so we can focus on the red area. Of course, these areas are still in demand and have not reached the saturation area.
inj#eng
The first important resistance range in the monthly time that can be imagined is in these two numbers. Considering the type of candle arrangement, if we check the last three candles, we will realize that it is looking for a correction in this area as well.
INJUSDT 4H MTIn the 4-hour time frame, we have reached an important area. Now it is necessary to decide whether the downtrend will break in the fourth collision, and the trend is expected to return.
INJUSDT at LTF support, may head up to 7.17We longed this one from LTF support to weekly resistance WR1 yesterday and it worked out well. The price is again close to the LTF support. I would expect the price to again bounce towards weekly resistance WR1. Therefore, a long is favorable from that support level. The conservative target of the trade should be 7.17 and a generous one 7.23-7.30.
INJUSDT up trend channelprice will have a fall then when hitting the trend lines will have an uptrend that we can use to enter for a long position.
INJUSDT at LTF support, may aim again for weekly resistance#INJ #INJUSDT CRYPTOCAP:INJ T he price has been consolidating all day all night under the weekly resistance. The price found support at LTF support and ranging between weekly resistance WR1 and LTF support LTFS. The price is once again close to LTFS and I expect it to aim again towards WR1. Usually such consolidation under resistance is bullish so it may be successful 8n breaking that resistnace in subsequent attempts. But lets have our aim as WR1 and we can take the long further depending on the price action.
INJ/USDT possible scenarios CRYPTOCAP:INJ support held.
3 possible scenarios.
Bullish if diagonal trendline is broken and btc hold or does not dip.
In case of CRYPTOCAP:BTC correction other 2 scenarios are possible.
INJ shortthe top of the channel as a trend line to respect, but the main reason to get in the trade is because daily Stoch RSI at top, into FIB golden zone, + SR(resistance line) inside fib is being rejected) is a good spot to trade to the down side, but with BTC pumping so hard seems silly to short the market. yikes
INJUSDT LongLimit long on the B retracement on INJUSDT.
Stop loss just below wave 5, and take profit on a 1:3 ratio, slightly below wave 4.
INJUSDT may head for weekly resistance from LTF supportThe price broke through the weekly resistance only to come back. It came down and currently trading under that weekly resistance zone. However, it seems the price may attempt again to break that resistance. Therefore a long is favorable from the LTF support.
Great potentional point🔸As u see in daily chart injective doing a nicly falling wedge pattern and it so close to breakout soon
🔸Iam monitoring this coin for a 3 months and it's behaviour is so good
🔸My target is 20$ incase of breaking out the pattern .
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Cup & handle patternThe bowl formation has been completed, it would be logical to wait until the end of the handle formation and enter the process at the time of breaking. I recommend putting a stop in the handle area. The pattern target is the Fibonacci 2 region. Storm is coming...
INJUSDT updated support and resistance levelsHere are the updated resistance and support levels for this pair. DR1 is still there even though the price has broken that level but has not closed above yet even on 4h time frame.
Inj Looks Ready For another Bullish Impulse Seems Like Getting ready for massive bullish rally forming descending channel in h8 tf incase of breakout expecting move towards 15$
INJUSDT may aim upward for daily resistance 6.86-6.96The price came back to the 4h support zone 4HS2 and bounce from there. Along with the BTC push, this also moved higher breaking the previous 4h resistance. I think a long is favorable here towards the daily resistance. The target of this move should be daily resistance around 6.86-6.96. Idea of this trade is to long from the 4h support 4HS1 in case price comes there before hitting the daily resistance zone.
INJUSDT Buy Setup!INJUSDT (4h Chart) Technical analysis
INJUSDT (4h Chart) Currently trading at $6.32
Buy level: Above $6.2
Stop loss: Below $5.3
TP1: $7
TP2: $7.6
TP3: $8
TP4: $10
Max Leverage 3x
Always keep Stop loss
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INJ/USDT downtrend is not over yetI am following INJ since it has been around 8$. It was so interesting for me because of the active bearish sequence with targets from around 3.50-2.25.
It is currently in this heavy weekly downtrend and the last best reshort opportunity has been when the 4 hr wolfpack was in the green, hitting the golden pocket around 6.50ish.
I would still like to see lower prices very locally. The 4 hr did confirm a bullish divergence on the last push to the upside, but the 12 hr and 16 hr just confirmed down (into the red again of wolfpack) and that technically confirms a bearish convergence on these timeframes due to a given bearish divergence that became confirmed before.
I will personally follow the downtrend on this one and am mainly looking for reshort opportunites. A drop to for example 3.50ish wouldn´t be the end for INJ, it would be just very healthy and imo necessary.
If we compare it to the active bearish sequence from BTC (which could lead BTC to 23-21k) then the whole picture makes a lot of sense to me.
Trend is your friend until the end. I will keep you updated on this one and we will see if the 12 hr / 16 hr bearish convergence can play out with strength.
