INJUSDT trade ideas
Time for a healthy pullbackINJ has been up for weeks now. Pull back is a must. Just have a conservative target but if worse case could go back to 18. Esp. if BTC wont bounce back from 60k (if it retraces to that area). *not financial advice
Injective (INJ): A Setup You Shouldn't Miss!Injective's chart is setting up for something big. Let's look at what's brewing and how you can make the most of it!
Key Chart Observations
‣ EMA200 Test: INJ broke above the crucial 200 EMA. This is always a key level to watch for any trend reversals. If INJ can hold above this level, it will signal a major shift in momentum.
‣ Descending Channel: Besides the EMA, INJ is on the verge of breaking out of its descending channel. This channel has been intact for months, and a breakout here could trigger a significant rally.
What’s Next?
We could see an explosive move if INJ confirms the break above EMA200 and moves out of the descending channel. Given the chart structure and momentum building, I expect a potential 65-70% move from here, with the first logical target around the $38-$40 range.
Trade Setup
‣ Entry: Watch for a daily close above the EMA200 and the upper boundary of the descending channel (~$24.00)
‣Target 1: $30 (+30% potential gain)
‣ Target 2: $38 (+65% potential gain)Stop Loss: Set below $20.00 to manage risk
The volume supports the price action, and if we can break these key levels, the path to a massive upward move is clear.
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Key Facts about INJ:
- Market Cap: $2.25b
- CMC Position: 44
- Trading Volume (24h): $135m
- Circulating Supply: 97m
- Total Supply: 100m
Alikze »» INJ | Ascending channel - 12H🔍 Technical analysis: Ascending channel - 12H
- In the analysis presented in the previous post , a corrective wave was carried out up to the green box area, which has entered an upward phase in the green box area after the demand.
- Currently, in the 12H time frame, it can have a growth up to the range of $25, which in case of a pullback to the middle of the channel, it will have the ability to continue growing up to the top of the channel.
- If the $25 zone fails, it will have the ability to continue growing up to the supply zone.
💎 Alternative scenario: In addition, if it faces selling pressure in the range of $25 and loses the middle of the channel, it can continue to correct at least up to the Fibo range of 1.618 and the price range of 18.75.
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BINANCE:INJUSDT
INJ BIG SHORTHello Friends Injection AKA INJ Rejected from daily resistance; entering a short position due to bearish wick.
INJ falling wedge patternCRYPTOCAP:INJ Possible Breakout Play (High Risk) 🚨
#INJ forming a falling wedge (bullish pattern) with a possible breakout target of $27.8 📈
🔍 Watch for short-term resistance at the 200 EMA ($22.85). Key support levels at $20.2 - $19.27.
INJUSDT: Long-Term Target $100?INJUSDT Technical analysis update
INJ has been trading inside a falling wedge for the last 275 days and is now breaking the wedge's resistance trend line. We can expect a gradual bullish move in INJ. Additionally, the previous all-time high (ATH) acts as strong support, and the price has recently bounced from this level. By the end of 2024, INJ could potentially reach $100.
INJ/USDT: BREAKS OUT! READY FOR AN ATH!!Hey everyone!
If you enjoy this analysis, a thumbs up and follow would be greatly appreciated!
INJ looks good here. It breaks out from the falling wedge-like structure and is currently, retesting the wedge. Buy some here and add more in the dip.
Entry range:- $19-$21
Targets:- $27/$34/$42/$52
SL:- $17
What are your thoughts on INJ's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
INJUSDT: A Bullish Surge You Can’t Afford to Miss?Yello, Paradisers! Could we be witnessing the start of #INJUSDT's next major move? Let’s break it down for you.
💎After breaking out of a converging triangle pattern, #INJ is reclaiming critical support levels and showing strong signs of a bullish breakout. If this momentum holds, INJ is first targeting $18.80. Beyond that, price is eyeing the $19.25 - $19.55 zone, where the triangle pattern is likely to conclude. This key region also aligns with the FVG inefficiency, making it a must-watch area for traders.
💎As momentum picks up, sellers could be in trouble. If INJ fills the FVG void, a short squeeze could push prices even higher, possibly into the $21.25 - $22.00 range. However, for the bulls to trigger a strong squeeze, they need to maintain control above the $19.25 mark.
💎On the downside, solid support levels have formed around $17.55 - $17.25 levels. This region has added protection from the 4-hour EMA-50. This EMA has been reclaimed for the first time since August 27th. Further supports remain positioned at $16.50 level, and as long as this level holds, INJ remains in a bullish grip.
Discipline and patience are key here, Paradisers.
MyCryptoParadise
iFeel the success🌴
INJ Bull Reversal TriggeredCRYPTOCAP:INJ is breaching up the local downtrend and smashing over the key $20 resistance.
Triggering the bullish reversal with it. I'm targeting $28 next.
INJ Do we repeat the 92% down pattern? Great watch not financial advice
I took the time to explain how we are in wyckoff mode and how we may be finding our D in an ABCDE correction that could potentially move us back to the 4-6.00 usd range by may 2025 -june 2025
worth a watch and sorry about the length i tried to keep it short but sometimes it is hard when mutiple things needs explained.
Injective Price Today #INjInj is at a crucial point. The price is unlikely to move sideways. From here, it will either fall under bearish control or rise with bullish momentum.
$INJ WARNING. It is about to pump: are you ready?Check out my other idea on $INJ. I'm closely following this coin because it's on my list of the most promising for the upcoming alt season.
CRYPTOCAP:INJ has been suppressed by a bearish MACD on the daily timeframe. However, the indicator is about to cross, signaling that the selling pressure may be ending, and a buying trend could follow.
- The team is working tirelessly, announcing new updates, bridges, or partnerships almost daily.
- They are also burning tokens, which will drive a deflationary trend, especially since there are no more token unlocks, and the tokenomics are free from VC influence.
Check out the news here; it's impressive: crypto.news
I remain very bullish on CRYPTOCAP:INJ despite its recent underperformance, mainly due to some technical indicator resets.
Let's see if this idea follows its path, just like the others.
DYOR
$INJ ready to explode! Analysis on 1WCRYPTOCAP:INJ on 1W is looking bullish. As soon as the MACD crosses. We will have a push of CRYPTOCAP:INJ upward above the resistance at $20-$21k that will last several weeks.
It is just a matter of time...
INJ: Scalping Long Setup | 13.09Hello Friends 😀
One of my favorite coins to scalp and definitely one I am eyeing to bid. Currently, we're seeing a bearish divergence on the RSI, which indicates a potential reversal. What makes this setup particularly interesting is the presence of an untapped daily POC (Point of Control) right at the level of the Fair Value Gap (FVG). This zone offers an attractive level to enter a position as it could serve as a solid support area.
Additionally, the VWAP (Volume Weighted Average Price) could provide further support, potentially stabilizing the price around this level.
The combination of the bearish divergence, the untapped POC, and the support from the VWAP makes this setup particularly compelling for a short-term trade.
Buy Trade Idea for INJ (Injective Protocol)Description
Injective Protocol (INJ) represents a significant advancement in the field of decentralized finance (DeFi) by offering a fully decentralized exchange platform that allows complete privacy and zero trading fees. Here are the fundamental aspects that make INJ an appealing buy trade opportunity:
Decentralized Trading:
INJ enables fully decentralized trading, which eliminates risks associated with centralized exchanges, such as server downtime and security breaches.
Cross-Chain Capabilities: The protocol supports cross-chain trading, which can significantly increase user adoption by allowing transactions between different blockchains without the need for third-party intermediaries.
Community-Driven Governance: INJ operates with a strong emphasis on community governance, giving token holders a direct say in the future development and protocol upgrades, enhancing its democratic appeal and potentially increasing its intrinsic value.
Zero Gas Fees: Injective Protocol eliminates gas fees for trading, making it highly attractive in a market where transaction costs can be prohibitive on other platforms.
Given these innovative features and the growing trend towards decentralized financial solutions, INJ presents a promising buy trade scenario for investors looking to participate in cutting-edge blockchain technology.
Disclaimer
Investing in cryptocurrencies involves significant risks, including high market volatility and potential loss of investment. This content is provided for informational purposes only and should not be construed as financial advice. Conduct your own research, assess your risk tolerance, and possibly consult with a financial advisor before engaging in cryptocurrency trading. Past performance is not indicative of future results. The value of investments can go down as well as up.
