INJUSDT trade ideas
Trade signal | Injective Protocol (INJ) setup for upto 23% pumpHi dear members, hope you are well and welcome to the new trade setup of Injective Protocol (INJ) with US Dollar pair.
Previously after the completion of bullish Gartley INJ produce, almost 570% massive rally as below:
Now on a daily time frame, INJ has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
INJUSDT - Opportunity during triangle formation and breakout#INJUSDT (4H CHART) Technical Analysis Update
INJ is currently trading at 34.42 and showing a triangle formation pattern. Currently it's bouncing back from the support level, we can expect the price to reach the next resistance of the triangle at around 37.5, you can exit the trade if you are looking for scalp trade.
We can expect some correct after hitting the 37.5 level and then bounce back to break the triangle.
Second resistance is at 39$ range and 3rd resistance is at 44$
Long Entry level: $ 33 - 34
Stop loss: below $ 31
Target 1: $ 37.5
Target 2: $ 39
Target 3: $ 44
Max Leverage: 5x
ALWAYS KEEP STOP LOSS.
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Short INJINJ made a great performance in 2023. If BTC continues to shows weakness at key resistance ($48000), INJ would start correcting more deeply.
Indeed, in 2D-TF, RSI and CMF indicators had already broken (down) their trendlines. Moreover, bearish divergence can be also observed.
As a result, a Short set-up is as in chart.
In weekly TF, here is my view: INJ is under the resistance trendline.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
INJ may continue to rise according to the double bottom structurAfter completing the adjustment at the daily level, we have formed a double bottom bullish structure in the buy zone. The current upward trend is good, and the target zone above is worthy of attention.
Let’s see 👀
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Injective - One To Watch for 2024BINANCE:INJUSDT - Injective has a supply of 100M tokens, running mainnet on Cosmos stack and is burning tokens based on fee/revenue generated. Stakers receive 15% on average for bonding their tokens to validators on the chain. Basics seem strong and market performance support these movements.
After recent slow down in markets, some of the current winners are consolidating again. Similar to my BINANCE:SOLUSDT idea from a few weeks back, i believe we will see continuation in certain coins. Here is a break down and we will update this idea as we go along.
Continued strength among other top performers like BINANCE:SOLUSDT BINANCE:SEIUSDT & BINANCE:TIAUSDT - BINANCE:INJUSDT is primed to gain more market share and attention.
8H and 4H showing possible signals (yellow circle) crossing EMA on RSI for entry of a long trade.
possible targets are at 1.618 and 2 of Fib extension and seem fairly reasonable.