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
INJUSDT trade ideas
INJUSDT at weekly resistance, likely to retraceThe price has hit the weekly resistance and is expected to be pushed back from here. I think a short is favorable here towards the first support zone 4HS1. Since the price is in uptrend, short trades are usually not so high probability game. And therefore, the risk taken for the trade should be limited. Usually it is good to stick to the long trades but if the setup is there for short then why not take it.
INJ USDT LONGAccording to the report of the daily bullish channel and dealing with the end of the trend,
the expectation of returning to the numbers rises and due to the breaking of the bearish middle line,
this expectation increases.
ALMOST time to Short We almost at the order block
i am adding it to my watchlist and will then decide once i see such a pattern i highlighted
Stay glued here i will update you.
INJUSDT at 4h support, likely to head to weekly resistance 8.86The price has hit the weekly resistance and has been pushed back by that resistance. This weekly resistance level was shared in one of the earlier charts for this pair describing all the resistance and support levels. The price is currently trading at 4h support zone 4HS1. I think a long is favorable from here towards the weekly resistance with a target of 8.86.
$INJ LongLooking for a swing-fail of the $10 level.
Entry = $8.484
Stop Loss = clean break below $8.20
Target = $10
Bullish on Injective - Injective's BoomInjective has been rallying for months and has defied the bear market, which has drained most other crypto assets. Due to its super bullish fundamentals, it has stolen the limelight and will probably continue to do so.
Its uptrend has been very healthy so far, and we can see that through INJBTC. INJ has been doing very well relative to BTC, and both INJUSD and INJBTC look clean. What I mean is that technically they look solid, as they have had several corrections and consolidations. Therefore the current trend looks sustainable.
The two key areas I think INJUSD is targeting next are 10.3$ and 14.5$. Those two areas have a lot of liquidity, given that triple/quadruple tops have formed there. I expect the market to hit those targets in the next few months. Taking profits in those zones makes sense only in the short term, simply to add more in case the market corrects once it gets there.
Inj on 1hr Inj on 1 hr timeframe clear headshoulder pattern keep on eye if breakout below supportline
INJDisclaimer
High Risk Investment
Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form.
A qualified professional should be consulted before making any financial decisions.
-------------------------------------------------------------------------------------------------------------------
🔥 INJ Long-Term Bull-Flag Break Out AnticipatedINJ has been trading in a bearish channel for nearly 3 months now. With Bitcoin's resurgence, there's a decent probability for INJ to break through the top resistance and to continue it's bullish trend.
The yellow marked area is a short-term bull-flag, within a long-term bull-flag. The trade is based on the premise that both will break bullish.
SL under 7.00, profit target at the recent 2023 top for a decent risk-reward of almost 5.43, make sure to wait for confirmation.
INJ USDT - Daily Long TradeAlready Retested And Gave 20% Trade.
Next Idea Published....
Not A Financial Advice.
I Keep My Charts Simple.
INJUSDTWhen the S&R will act as support we can see the continuation in the HH and HL structure. No shorts can be opened is this it true. Possible good for a scalp trade to the value zone for now if the buyers aren't stepping into the markets.
