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INJ / TetherUS PERPETUAL CONTRACT

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INJUSDT.P trade ideas

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.
Long
by angela_altair
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.
Short
by Raven247