Woo I believe that woo is displaying strong bullish behavior, with the potential to retrace back to a higher timeframe FVG. Therefore, I have taken a long position.
INJUSDT trade ideas
Retest on past resistence can give you 75% on $INJThis is the 4th time the price rebounds on the 200 EMA (green) on 3 days time frame as indicated by the blue arrows
If you are more conservative, wait for a support over the pink traced line, that is the all-time-high around the 25.00 usd
The target will be the last reset of VWAP (Volume Weighted Average Price), quarter weighted, around 38.60 usd (orange traced line)
$INJ setup for 50% gain on next days, 3D timeframeCRYPTOCAP:INJ setup for 50% gain on next days, 3D timeframe:
We are on 3D timeframe here. Blue arrows number '1' and '2', were bottom pivots on Hodlfire Indicator (copyrighted) right over the Exponential Moving Average 200 (3D 200EMA) line (green), and we just got a 3rd, right over the 200EMA again (the last blue panel under late price movements)
So, as we are pivotting the bottom here, we expect next target on the last reset of VWAP line (orange line) at 38.60 usd, bringing over 50%
There was a first and second confirmation of trend, (1.) the support on all-time-high of the last cicle (pink line) and (2.) break of diagonal blue trendline; if you want to wait for another confirmation, the 3rd, just wait suport over the black VWAP quarter line around 27.00 usd
Another run is coming soon - New ATH for INJ ?#INJ/USDT #Analysis
Description
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+ INJ has reached its critical support zone, and the price is currently bouncing back from it, presenting a good opportunity for a long trade.
+ I'm entering a long trade here with the stop-loss (SL) set below the support zone.
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VectorAlgo Trade Details
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Entry Price: 21.4
Stop Loss: 13.4
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Target 1: 24.16
Target 2: 28.95
Target 3: 33.11
Target 4: 44.81
Target 5: 53.00
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
Inj weekly chart analysis Inj weekly chart analysis
best time to buy back last chance looking first target ti 28.50 $
cheers like and support my idea
✴️ Injective | Multiple Signals: Technical Analysis 101This is something already of the past but still good for learning.
Good evening my fellow Cryptocurrency trader, how are you feeling today?
Please allow me a few minutes of your time to entertain you.
You know, each time, each phase, each period, on each cycle... there are always many signals that we can use to our favor, in whatever way we need.
These signals and tools are many and varied, are always right and they always work. Only our own interpretation can fail at times.
The data is always right.
The next market move is always there, present, visible on the chart; What we conclude on the other hand, belief or say can be anything. Our interpretation can vary. The data will always remain the same, before and after the event.
The chart speaks, it has things to say.
Injective hit a peak 11-November 2023.
A higher high hit 24-December, same year, more than 135% higher.
There was also a peak in July and if we compare this one to November we have about 95% growth between the former and the latter.
When you consider the latest "higher high," the new ATH hit 14-March 2024, we can see that it is only a little over 15% higher compared to Decembers high and this after months of consolidation.
Immediately after the new high is hit we also get a rejection and the action moves back below Decembers peak price.
I am sharing this to say that here we have a technical double top and/or a bearish signal within a bullish phase/trend.
We can couple this with volume and other signals as well such as the duration and size of the rise to support what we are seeing but this should be enough for this learning article.
This information just helped us define a strong resistance zone.
"Sell at resistance, buy at support."
Not that Injective is guaranteed to go down or up or move in a certain way, no! Instead, the chart is showing some bearish potential supported by many signals and this can be used by those who read, those who write and those who trade.
If additional information is needed one can always zoom out and use the weekly timeframe and see the ATH and bearish weekly session. Market correlation with other pairs can also be useful.
We've been tracking this one for a while now... The chart hasn't change in months.
Once we are done going down, we will resume back up.
We can have a period of a few weeks or months of correction followed by a long-term bull-market growth.
Thank you for reading.
Namaste.
Injective Protocol — Bearish Ichimoku Signal — 10% PotentialIf you follow my content, you will already know I am a big fan of the Ichimoku signal. It usually provides high-quality trade setups based on its multi-timeframe assessment.
In terms of INJ the signal flashed a bearish entry, calculating a potential of almost 10%. Backtests are positive; however, since they are relatively rare signals, they only rely on two occurrences. Therefore, the backtests shouldn't be overrated.
Trend indicators show a strong bearish trend. On the other side, it is important to pay close attention to the momentum indicators since they already signal an oversold status.
Additionally, since the latest candle could be interpreted as bullish, it might be worth waiting for the current candle to close.
Inj The breakout from the mini bearish trend suggests it's time for me to go long and take profits at appropriate levels
Long signal for INJ/USDTThis technical analysis is based on the daily chart of BINANCE:INJUSDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels.
Price Channel Analysis:
The previous bearish channel is broken out, and a bullish channel is formed.
The suggested entry point is around 23.95 USDT.
Entry and Exit Points:
Entry: 23.95 USDT
Take Profit: 36.18 USDT (51.03%)
Stop Loss: 20.56 USDT (14.13%)
R/R Ratio: 3.61
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 3.61, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
Symmetric triangle? More downside aheadINJ has been trading in this symmetric triangle for weeks now and it seems it recently did a stop hunt above only to get pushed back inside the triangle which is not good. IF this triangle is going to play out we could see price downtrending for another -30% coming weeks. Not interested in longs until we reach ~20$.
Stay safe!
Injective | INJ & AvalonThe price of Injective 8 dollar today with a 24hour trading volume of 69 million dollar. This represents a 13% price increase in the last 24 hours and a 29% price increase in the past 7 days. With a circulating supply of 80 Million INJ, Injective is valued at a market cap of 640 million dollar.
Injective is a blockchain built for finance. It is an open, interoperable layer1 blockchain powering next gen DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols..
Injective is upgrading its Avalon mainnet with overwhelming community support. The upgrade aims to enhance L1 scalability, achieve sub-second block generation time, and implement PoS delegation transformation.the upgrade will optimize transaction processing speed, network efficiency, and security within the Injective ecosystem
Inj price is up 400% since we posted the first analysis on January and it tries to recover as fast as possible. most indicators sending a buy signal and the volume looks strong too
INJ TradeBased on the bullish divergence in inj, I am considering a long position at the current level for a quick profit.
Inj Longour last trade was perfect after moving 32% up its back to entry and again shwoing bullish movement.
Inj Longour last trade was perfect after moving 32% up its back to entry and again shwoing bullish movement.
INJ - Will the support the hold ?INJ/USDT is currently trading at 22.27 and the price has reached its support zone of previous ATH after recent downtrend. This is a major support zone for INJ and if this support zone breaks then the next support will around 14 which is significant correction from the current price.
I'm expect the price to reverse back from the current support zone.
Assuming the price will reverse back from the current support zone , we have good opportunity to enter a LONG trade here.
Entry level: $ 22.23
Stop Loss Level: $ 16
TakeProfit 1: $ 25
TakeProfit 2: $ 30
TakeProfit 3: $ 39
TakeProfit 4: $ 53
TakeProfit 5: $ 71
Max Leverage: 2x
Position Size: 1% of capital
Don't forget to keep stop loss.
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Cheers
GreenCrypto
INJUST on channel support > LongThis is a weekly LOG chart for INJ. As you can see, we tested the lower trend and found support. Stop is a weekly close outside the channel down around $24. Momentum is supportive, but needs to have follow through. Target is upward of $75
#INJ: Breaking Out of the Descending Channel -Our Trade RationalWe've decided to enter a trade on #INJ/USDT after observing several compelling technical signals that indicate a potential breakout. Here’s a detailed explanation of our decision:
1. Descending Channel Breakout: After a prolonged downtrend confined within a descending channel, INJ has recently broken above the upper trendline of this channel. This breakout suggests a reversal in the trend and the start of a bullish phase.
2. Volume Confirmation: The breakout is accompanied by an increase in trading volume, which adds validity to the move. Higher volume during a breakout is a strong indicator that the new trend could sustain.
3. Bullish Candlestick Pattern: The chart shows a series of bullish candlesticks forming right after the breakout, reinforcing the bullish sentiment.
4. RSI Signal: The Relative Strength Index (RSI) is trending upwards but is not yet in the overbought territory. This suggests that there is still room for further price appreciation.
5. Risk-Reward Ratio: Our entry point at $28.05 is well-positioned, with a stop loss set at $26.53 to manage downside risk. The target price is $40.04, providing an attractive risk-reward ratio for this trade.
In conclusion, the technical indicators and the positive breakout pattern present a promising opportunity in INJ. With a well-defined risk management strategy, this trade aligns with our overall trading plan. Let's see how this plays out!
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INJUSDT.phi friends. i opened this position today... check it if you want...
this is not an advice. this is JUST my position!
INJUSDT Breakout and Potential retraceHey Traders, in today's trading session we are monitoring INJUSDT for a buying opportunity around 23.80 zone, INJUSDT was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 23.80 support and resistance zone.
Trade safe, Joe.
INJ we've probably seen the bottomWe are currently looking at futures trade with members on certain coins, as well as dca zones. INJ has covered the weekly and monthly levels behind it at the price of $24. We waited for the news to see how buyers would react. Now that we have confirmation, we get the courage to go long on this coin.
In this case, INJ must hold $28 until the 200 DMA is at $31. If in this case we see a consolidation and not a big sale, my advice is to go long this coin at the bottom of that consolidation.
For example, catch up to $27 and put a stop loss below just in case
INJ priceThe chart guides that, INJ price has escaped out of the range and exited the consolidation phase.
