#INJ/USDT is testing the PWL support level in 4-Hour TF!CRYPTOCAP:INJ needs to bounce from here to remains bullish, Breakdown below is bearish and we can open short.
INJUSDT.P trade ideas
inj amazing scalpingdowntrend
With the strong resistance area reached
We expect a strong bounce and breach of the downtrend to continue the ascent
I apologize that my English is not good
Good luck to all
target
2.15$
stop lose
1.96$
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INJUSDT at 4h support, likely to head to 8.39The price was rejected by 4h resistance at 8.39 and it fell back to 4h support 4HS1. I expect this to bounce again towards that resistance zone. We will evaluate again about what further potential it has once it reaches there.
The possibility of growth up to 9 dollarsA double bottom pattern is forming, but it is not yet completed, so the current entry is risky, but it can be monitored for growth.
Inj ...maybeMaybe triggers this position
Keep your eyes open ...market is unstable
Always DYOR
Good luck
INJ /INJECTIVEbased on this chart maybe a big move is coming?
will the same thing happen again?
lets find out in the next days/weeks
Wyckoff AccumulationInjective is currently working through a Wyckoff accumulation base. Essentially a triple bottom with each low undercutting the previous low. Volume has been declining throughout this base and clearly falling off in this final bottom phase as the market "tests" for more supply. Expecting a big move to the upside over the coming weeks.
INJ has been the market leader YTD, outperforming the rest with clear bullish chart structure. The team teased an imminent launch of "Project X", their core DeFi platform (DEX + Incubator).
If BTC can breakout to the upside (chart looks great), I think INJ has the best chance of making it to a new ATH by August.
injusdtdao blockchain is in trouble sec taken notice so inj is token and using dao blockchain se we are goin to short here enjoy your profit again on inj
INJUSDT may visit monthly support before reversalThe price is finding support currently at 4h support 4HS2. The bounce might move a bit up further up. However, the price action suggests that it is heading for the high time frame support monthly support MS1. The price reversed from weekly resistance and has retraced significantly since then. In such cases price usually tends to visit the large time frame supports (at least to the same time frame support as the resistance one from where it was rejected or one step lower like daily support in case of weekly resistance). And here we have a monthly support not far from the current price level. Therefore, it is possible that the price visits that level to gain the strength for next upward movement and target the weekly resistance again. What do you think about this possibility?
INJUSDT reject by 4h resistance, may bounce from LTF supportThis is the long trade idea. The price hit the 4h resistance zone 4HR1 and got reject from there resulting in the pullback. The price is currently trading belwo this 4h resistance zone and above low time frame support LTFS. I expect the proce to hit LTFS and then bounce from there. A long trade is favorable from that support zone towards the 4h resistance zone. The target of this long trade should be 8.56.
Update INJUSDTThe Leading Daegonol model was created, and it works as wave 1 out of five upcoming downward motive waves, and it worked as a correction for wave two. It is expected to fall strongly in the third wave, and the last bottom will be in the shaded area below.
Note: the analysis fails if the price closes in the highest area 8.1 usdt
INJ weekly HnS bottom1. Big HnS bottom pattern in progress(midterm target price is around $19)
2. Its right shoulder is forming a bullish flag(bullish continuation pattern)
3. A mid-high of the bullish flag pattern is around $8.15(if it holds it could be a signal for a next leg-up for $19)
4. INJ on the weekly time frame looks very bullish and has a very good shape.(On the classical chart pattern basis)
INJ Quick Scalping SetupGetting rejection from resistance zone so we may look for the trendline support zone for closing the trade safely. Entry 8.35... Target 8.25 and SL 8.45 for me!
SELL SIGNAL The information I share on this platform is based on my personal opinion and experience, and should not be considered as financial advice. You are responsible for your own investment decisions and should always do your own research before making any trades. I do not guarantee the accuracy or validity of any data or analysis I provide. Please use your own judgement and caution when following any call or signal I post. #imo
NOTE:
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DONT FOMO (FEAR OF MISSING OUT)
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INJUSDTINJUSDT is playing in harmonics and has completed the bearish bat. Will the bearish bat play its role and make price to downward direction?
INJECTIVE | INJ Potential 7.5%INJECTIVE | INJ Potential 7.5%
With Bitcoin looking like a short/midterm retrace might be on it is worth taking a few shorter target shorts as they will be hit hard too. INJ is showing an ascending channel with no real key retrace yet, a significant bearish divergence and multiple attempts at breaking the RVD Trendline so a drop should happen. Lets hope against a random pump!
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.
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
