A correction and continued move to $23 pending INJAccording to the swing floor filler and the ascending market structure in the one-hour POI, we can expect liquidity supply and the continuation of the upward movement.
INJUSDT.P trade ideas
#injusdt #injective. Inverse head and shoulders. Get long#crypto. A strong pattern with a high probability trade has formed on injective. We have an inverse head and shoulders pattern. We have broken through the neckline. Not is has retested the neckline and turned resistance into support. This is a perfect formation to drive the price to the target from the inverse head and shoulders of 28. Get long now at 20.33
RSI is climbing higher and higher on each new low indicating the buyers are back in control.
STO has bottomed out at 30 and is ready to bounce back to 70.
Volume is not doing much though.
Target 1 is 28 bucks. From 20.33. That is an unleveraged possible 38% play. Worth the risk.
Stop out at 18. Crypto can be a nasty place so dont ride the elevator all the way back to ground.
GL and message me if you would like me to look at particular charts and provide my opinion.
INJ LONG Spring Wykoff might play out with targets 0.618 and last 1.618
For Marketcap - we would need a 40B$ Mcap which is completely possible.
Take profits as go up NFA.
INJ LONGINJ has a very nice chart that shows a nice upward trend. It's only a matter of time before we attack ath :)
Alikze »» INJ | Reverse head and shoulders pattern - 12H🔍 Technical analysis: Suspect an inverted head and shoulders pattern
- In the analysis presented in the 12-hour time frame, it was mentioned that in case of selling pressure in the range of $25, the correction will continue until the Fibo range of 1.618 in the range of $18.75.
- It is currently moving in an ascending channel.
- It has faced selling pressure in the middle of the channel.
- Due to the formation of the inverted top pattern, in case of breaking the Fibo 1.618 and stabilizing below the 18.75 area, the correction will continue until the liquidity area and the origin of the movement.
- Therefore, according to the zigzag correction structure, this correction can extend to the liquidity area and complete the correction leg C in the specified areas.
💎 Alternative scenario , if it stabilizes in the range of 18.75, it can grow to the middle of the channel in the first step and then to the range of the supply area of $25.
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BINANCE:INJUSDT
$INJ possible descending pendantPossible descending pendant forming for #INJ.
My strategy is to take advantage opining a leverage x5-10 long to $20.9 area and opening a short one until $18.2.
From there I'm expecting a good violent bounce!
INJUSDT All-Time High Soon?INJ/USDT has successfully bounced off a major support level, setting the stage for an upward move. The price has broken through a key trendline and is now facing minor resistance around $23. A breakthrough of this resistance could lead to a significant price rally as INJ aims to reclaim its all-time high.
Trade safe and always remember to use a stop loss to manage your risk!
INJUSDT (4h Chart) Technical analysis
INJUSDT (4h Chart) Currently trading at $22.4
Buy level: Above $22.75
Stop loss: Below $18
TP1: $26
TP2: $31
TP3: $40
TP4: $53
Max Leverage 3x
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Injective Faces Resistance (Lower Low Or Double-Bottom?)Here is another Altcoin pair that produced a rejection at the MA200 line and is showing a bearish continuation starting to form.
Good Saturday my fellow trader, let's do a quick review of this chart.
➢ Injective (INJUSDT) already corrected as low as November 2023, but in November 2023 this pair was not trading at bottom prices, it was really high up. The market tends to seek balance, and the stronger the growth, the bigger the correction that follows. The stronger the crash, the bigger the bullish cycle that follows. The market always looks for balance.
➢ Injective's bullish wave starts after the December 2022 bottom, and we can see massive growth. In a period of 442 days, INJUSDT grew by 4,245%. From December 2022 through March 2024. In comparison, Bitcoin grew by 377% from November 2022 through March 2024. That's why I say that the Altcoins are better than Bitcoin if you are a normal human being, growth potential is just that much higher.
After so much growth, the correction might not be over. We can say this based on the mid-term downtrend and the MA200 rejection.
We can get a double-bottom, around 0.786 Fib. or a lower low to test the prices at which Injective traded back in September 2023.
Thank you for reading.
Namaste.
Is INJ Coin Heading for a Deeper Correction?After the significant hype surrounding BINANCE:INJUSDT during the winter and spring, the coin's price began to decline, losing over 50% from its peak in the initial drop. However, by mid-September, the price made a recovery, climbing back above the important $20 mark and breaking through the descending trend line of a falling channel.
While this upward movement appeared to be a bullish signal, the momentum failed to push the price towards the $30 resistance level. Instead, it retreated back to the $20 support level.
Looking ahead, I anticipate that the $20 support level may soon be broken on the downside. If this happens, we could see an accelerated price drop, possibly bringing the price down to $10. The current price action suggests weakening support, raising the likelihood of a deeper decline in the near future.
Injective (INJ) - 60% correction in the months aheadOn the above weekly chart price has enjoyed a massive 3000% rally. A number of reasons now exist to be bearish. They include:
1) Broken market structure, failed support.
2) Trend reversal.
3) High negative divergence. Almost as strong as the positive divergence the rally began with.
4) The target areas for support include 60% and 80% correction to $8 and $5, respectively.
5) This should take about 1 year to play out.
Is it possible price action continues printing higher lows? Sure.
Is it probable? No.
Ww
INJ - to 100$?
Hi,
Here is an INJ idea. Forming a Cup & Handle in Q1 2025 and towards 100$ in Q3/Q4 in 2025.
NFA
Cheers
InjI’m confident INJ coin will rise, so I’ll take profits at appropriate levels while holding my long position.
INJ PriceInjective (INJ) price noted a bounceback on Tuesday from its key pivot $20 mark and anticipated a bullish trend ahead.
INJ: Unleash the Kraken – Is a Major Move Ahead?The price action on this one is looking beautiful.
It held the previous low and seems like a no-brainer heading into the $25 range. The market is moving nicely so far.
Any buys from here down to $18.5 are excellent for this swing.
INJ 4H BuyHere is an analysis of INJUSDT on 4hour time frame. It has just broke accumulation zone. RR is 1.5. DYOR. NFA
Long On INJcurrently at the continue 3 week green candle, healthy retracement is good for bull market , daily breakout with high volume , can continue upwords towards, 35% profit
Technically last year did 23X in 2023, fundamentally strong,
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.
--
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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Thanks for your continued support.
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Alikze.
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BINANCE:INJUSDT
