INJ/USDTthe funny thing is, if CRYPTOCAP:INJ gets rejected at ATH its actually a good thing because it is highly likely that it will form a cup and handle pattern, and can explode to $50 levels easy then
INJUSDT trade ideas
INJUSDT LongINJ Showing movements towards a possible 5th wave up to the 2.618 miner Fib extension for a Long scalp on the lower and mid time frames holding a nice 15m pitchfork channel with lower channel break on S/R flip forming support between 17.110 - 16.876
Here I buy Injective Protocol at $17Here I'm buying Injective Protocol at $17 price level
The price is testing a resistance level at $17 so now I buy and the bullish breakout will start
and Injective Protocol will go up
From now it's time for Injective Protocol to shine.
See you up there.
Will INJ slide into local demand?INJ has been on fire lately and is still my largest crypto holding. The token has really become the value prop of the cosmos ecosystem as my original thesis was predicting. The token has doubled in value in less than a month and should correct heavily at some point. There is clear bearish divergence with rising price and falling RSI. It would make sense for the token to fall to 12ish dollars here but I dont like to short powerhouses like this. I will keep my long-term spot staked.
INJ TRY RNN bearish divergence and one possibility.
This is just from what I see on divergences and my script :)
There will be some sell action below structure if this works out.
INJ tends to riseFrom where I entered "START" on the chart, the INJ climbing structure has started. The structure is a diametrical (or symmetrical). On our chart, there is a large liquidity pool, which I have shown with the symbol $$$.
If we have a diametrical (diametric corrective branches are 7), there will be only one G wave, which by removing the liquidity pool and hitting the specified supply, the upward structure can be finished and inj will enter the corrective phase.
This is just an idea and you should do the necessary checks to get a position and then enter the position with capital management and stop setting.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
INJ / USDTWe see a clear upward trend, with the completion of the market structure, it is preferable to search for buying opportunities, Commit to financial management and we will update later if necessary
$INJ ANALYSIS FOLLOWING ELLIOTT WAVE THEORYCRYPTOCAP:INJ has a huge pump right now. this is the fifth wave of CRYPTOCAP:INJ in the Elliott wave theory. Additionally, #RSI is in the overbought regions and volume is decreasing gradually. Therefore CRYPTOCAP:INJ will have a correction in the near future.
INJ - Back to ATH and heading to $40Injective is breaking all resistance levels and is straight going back to it’s all time high of $25. From there the price can to up to Fib. 1.618 $40.
$INJ Long ideaWe have D.O.L as the dotted daily FVG
We are ON THE WEEKLY OB+
WE have MSS on H4 Reacting off an OB+
INJUSDT 1HWeakness in the trend is seen and the price could not cross the previous ceiling . We will have a short wave to the supply zone and then a correction to the demand zone is obvious.
Keeping an eye on #INJ/USDT Diagonal TrendlineKeeping an eye on #INJ/USDT Diagonal Trendline and PDL $13.23 support level in 4-Hour TF!
CRYPTOCAP:INJ needs to break the PWH $14.23 resistance level to gain the Bullish momentum. Wait for BO/retest to open a long position.
If #INJUSDT break/retest the zone, we can short it.
INJ High time frameIn the lead up to the next bullrun now is a good time to research into strong projects that will look to out-perform BTC over the duration of the cycle.
L1's are a large part of the cryptocurrency market with ETHEREUM being the leading L1 altcoin, a coin with a market cap of ~220B, due to diminishing returns with every cycle investing in projects that have yet to grow to this level offer a higher ceiling for potential gains.
One of those L1's is INJECTIVE, an L1 that currently sits at approximately half its ATH set in May of 2021. A POS blockchain "built for finance" based on the COSMOS SDK able to facilitate cross chain transactions with other major L1's.
Looking at competing L1's like SOLANA where it has an ATH of $260, an almost 8x from current price. This naturally brings on more sell side pressure as people that are still underwater from the previous cycle and are inclined to sell at break even as soon as price reaches that level. This will be the case all the way up to all time high.
However, for INJ once it breaks it's previous ATH there is no sell side pressure as everybody is in profit every time a new ATH is made. This then snowballs into brand new territory, retail likes to FOMO in and smart money takes their profits.
When looking at the last bullrun, CORDANO reached a total market cap of ~110B, if INJ was to do the same it would mean a price of $1100/INJ. Not saying this is going to happen but stranger things have happened.
Very exciting prospect and definitely a project I am anticipating to be one of the best performing in 2024-2025.
INJA rather short picture emerges in this asset, let’s look at it. First, let's look at the local downward trend (it also acts as resistance), which formed after the upward trend was broken down. We tested it a couple of times, but we never saw any penetration.
INJ/USDT Technical Analysis OverviewINJ/USDT Price Outlook:
INJ has already seen massive gains during this bear market, doing a 10x before the start of the new bull run.
It just broke out of a bullish pennant pattern, signaling a continuation of the uptrend per the technical chart.
The initial price target is around $20.
I'd expect a minor retracement back to ~$9 first to retest the former resistance level.
This would provide a solid buy zone right before the next leg up.
With the bullish pennant breakout, if INJ holds support above $9, the technical analysis points to strong upside potential against USDT.
Flag break on INJ earlyA quick flag break and continuation on INJ, surprised it broke so early, all-time highs are coming soon. I am glad I added heavily early in the year.
INJ - 1M - $25 TargetLook! On the monthly graph Injective made a massive move this month. Is this the beginning of further increase up to $25 next month? It broke out of a monthly swing trade indicator which is the red resistance visible on the graph.
INJ/USDTBINANCE:INJUSDT appears to be showing signs of weakness, and in my opinion, it's primed for a breakdown.
The trend is clearly shifting to the downside, and it seems that the long-awaited distribution phase is coming to a close.
I've indicated potential target levels on the chart, and in a worst-case scenario, it could retrace all the way to the yearly open
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