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Injanslysis

INJUSDT.1DLooking at the INJ/USDT daily chart, there are several important features and indicators to consider for a comprehensive technical analysis: Current Market Position: The INJ/USDT pair is trading at $24.74, down approximately 4% for the day. The price action over the past few months shows a series of peaks and troughs, suggesting significant volatility. Support and Resistance Levels: S1 (Support 1): The first support level at $22.17 is crucial. This level was previously resistance in early 2024 and has flipped to support. The price has tested this level several times, and it seems to be holding up as a strong base. S2 (Support 2): The second support level at $14.09 is much lower and was last tested in November 2023. This is a significant drop from the current price and would indicate a severe downturn if reached again. R1 (Resistance 1): The nearest resistance at $30.84 is a recent high. Overcoming this level could signify a shift in market sentiment and potential for higher highs. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, indicating bearish momentum. The histogram also reflects this as it is below zero, suggesting the bearish trend might continue unless there's a crossover above the signal line. RSI (Relative Strength Index): The RSI is at 57.98, indicating neither overbought nor oversold conditions. It suggests that there is room for the price to move in either direction without immediate pressure from RSI extremes. Analysis of Price Action: The chart shows a failed attempt to break higher past the $30.84 resistance in mid-July 2024, followed by a decline. The price is currently testing the $22.17 support. The key will be whether this level holds in the coming days or if the price will drop to retest the much lower $14.09 support. Conclusion: As an analyst, I am closely monitoring the $22.17 support. A decisive close below this could lead to further declines, potentially towards $14.09. Conversely, a rebound from this level could see attempts to test and possibly break through the $30.84 resistance. The current market conditions, reflected by the bearish MACD but a relatively neutral RSI, suggest a cautious approach. Traders should consider setting stop-loss orders near the support levels to manage risks effectively. The next few trading sessions will be critical in determining the short to medium-term direction for INJ/USDT.
Long
by MarsSignals
INJUSDT.4HBased on the provided market data, INJ is currently trading at $34.49 with a 4-hour RSI (Relative Strength Index) of 55.63, which is a neutral territory. The 4-hour MACD (Moving Average Convergence Divergence) is positive at 0.63, indicating an upward momentum. However, it's slightly below the 4-hour Bollinger Band midpoint of 36.26. The immediate supports on the 4-hour chart are at $33.90, $31.80, and $30.20, while the resistances are at $36.41, $38.30, and $39.60. On the daily chart, INJ has a neutral RSI of 50.51 and a negative MACD of -0.66, suggesting a lack of clear direction. The immediate supports are at $33.80, $30.77, and $29.20, and resistances at $39.40, $41.90, and $43.90. The 7-day data shows a high RSI of 70.22, indicating the crypto is overbought, and a MACD of 7.35, suggesting bullishness. The supports are at $23.10, $17.60, and a notably low $5.16, while the resistances are at $45.30, $52.10, and $60.30. In conclusion, INJ shows mixed signals on different time frames. While the short-term (4-hour) and long-term (7-day) data indicate bullishness, the daily data suggests a lack of clear direction. Traders should monitor the market closely and consider these levels while making decisions. It's always recommended to incorporate other market factors and risk management techniques in trading decisions.
by MarsSignals
INJUSDTBased on the given data, the INJ/USDT pair currently trades at 7.535 USDT. The 4-hour chart shows a Relative Strength Index (RSI) of 61.98, suggesting the market is leaning towards overbought conditions. The Moving Average Convergence Divergence (MACD), which is slightly negative, indicates a bearish momentum. However, the Bollinger Bands (BB) at 7.376 suggest potential for upward movement. The immediate support levels are at 7.224, 7.013, and 6.857 USDT, while resistance is at 7.664, 7.921, and 8.060 USDT. On the 1-day chart, the RSI is 52.96, indicating a fairly balanced market. The positive MACD suggests bullish momentum. The BB is at 7.453, slightly below the current price, hinting at a potential upward trend. The support levels are at 7.211, 6.845, and 6.805 USDT, while resistance is at 7.921, 8.074, and 8.302 USDT. The 7-day chart shows an RSI of 55.97, again indicating a balanced market. The MACD is positive, suggesting a bullish momentum. The BB is at 7.492, slightly below the current price, hinting at a potential upward trend. The support levels are at 6.374, 5.420, and 4.564 USDT, while resistance is at 8.112, 10.176, and 14.140 USDT. In conclusion, there are mixed signals in the market. The 4-hour chart indicates a potential for a downtrend, while the 1-day and 7-day charts suggest a bullish momentum. It's recommended to keep an eye on the market and adjust your strategy accordingly. Always consider other market factors and news before making any trading decisions.
by MarsSignals
Injective Protocol (INJ) formed Gartley for upto 22.50% rallyHi dear friends, hope you are well and welcome to the new trade setup of Injective Protocol (INJ) In previous trade setup, the priceline of INJ was moved slightly moved down than buying zone, however, recovered soon and pumped more than 19%. Now this time on a daily time frame, INJ has formed a bullish Gartley pattern for another bullish reversal move soon. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
INJ/USDT - LONG ----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero. - Today's deal is shown in the chart, and here are the entry and exit points below. -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ INJ/USDT ⚡️⚡️ Exchange: ByBit USDT Trade Type: Regular (Long) Leverage: Cross (3.0X) Entry Orders: 1) 2.7955 - 33.403% ✅ 2) 2.777 - 16.0% 3) 2.7646 - 16.609% 4) 2.7494 - 16.695% 5) 2.7342 - 16.603% 6) 2.719 - 16.686% Take-Profit Orders: 1) 3.035 - 20.441% 2) 3.185 - 19.889% 3) 3.267 - 19.889% 4) 3.634 - 19.889% 5) 3.864 - 19.889% Trailing Configuration: Entry: Percentage (0.833%) Take-Profit: Percentage (0.5%) Stop: Breakeven - Trigger: Target (1)
Long
by Mahdicryptodotma-pro
INJ Price and Trend AnalysisWhen we simplify the chart with Renko, we encounter a elliott wave. I think the harmonic pattern is completed in the monthly period. Even if the downward movement continues from here, the price is at an all-time low. From time to time there may be manipulation movements. Or Btc can drag it downwards. But still this will be short-lived. Such a situation can be evaluated with a little cash. Due to Btc's manipulation of altcoins so much, the stop loss does not make sense to me for commodities like this, which are already below all time in price. Collecting goods by making piecemeal purchases by staying in cash instead of stop loss is an approach that seems more correct to me. Buying and selling does not seem right for me because the price is at the bottom. Therefore, collecting goods from these places instead of daily trading is an approach that makes more sense for me. When we examine the chart, we see that it remains faithful to harmonic trading. Fractal patterns kept repeating each other However, when we look at the area where the current movements are located, we can observe that it is stuck in a channel. Let's take another look at the chart with Bollinger bands. We can observe this jam in different time periods. Well, if we think about whether the downward movement continues, it is likely that there will be some more downward movement. But I think this decline could be in the form of a back test. Because I can make a comment that it will stick to the channel line. Assuming a fall in triangle depth based on the triangle breakdown in the last formation area, this decline seems to be consistent with the channel test we just showed. Although we have mentioned downward graphical methods, you may have noticed another pattern that we cannot ignore. Although the handle appears very low, it is still valid in this formation. Because of these and similar mixed signals, I initially said that piecemeal buying and selling made more sense to me. If we continue to evaluate the indicators, let's talk about cmf first. Let's look at the supply zones on the indicator to which the price reacts. Below -0.20 the price is surely experiencing a reversal. And our maximum bottom value is -0.40 levels. Buy-sell signals are generated in exchange for the same value in which negative number fields turn into positive numbers. In other words, if you buy -20, we can consider +20 as sell . You can observe this by measuring it yourself in different commodity charts as well. I think it is a more reliable and accurate indicator than the rsi strategy. Because if the money is not synchronized to the candle on the chart, it is most likely saylor syndrome. Those who have read my previous analyses know what saylor syndrome is. There's no need for anything. Aroon is enough for us. Aroon up and aroon down may have small reactions at levels in the fibonacci channel. But in general, I think it provides enough visibility into where the direction of the price is and where it will go. Even if Aroon up returns to zero again, we see that prices are already below enough. In other words, there will definitely not be a downward decline such as aroon up going down from 100. Even if prices turn down, it will be a less destructive decline of short duration. Of course, you will want to make a profit and protect yourself from loss. If this seems risky for you, you may want to consider splitting trading. If you think that this does not seem risky for you, you can think that the expectation will rise anyway, you can consider collecting goods. Everyone must make their own strategic decision. When we look at the Adx, we see that sales are weakening. But there is still no positive reaction. I see that Adx has focused on the 15 levels of its previous reaction areas. You may want to keep track of prices with a few different combinations of indicators. Or you may want to be in the trade. You make that decision. In order not to skip anything, I would like to talk about one last formation. There is no such appearance yet. But I would also like to mention this formation because of the possibility that it can happen and the possibility that it can occur when we simulate the current price movements. A formation that everyone resorts to very often; I wanted to simulate this formation as it is also compatible with previous supply zones. Note: This is not investment advice.
Long
by CryptoBrainn
2
INJ UsdtWe can consider the area up to the Fibonacci channel 0.786 region as an accumulation area. Prices in this region will move tightly. We can accept the 1.tp zone at the $1,600 levels. I believe that it is a good level of buy and sell for those who are thinking of day trading. After this region, the recovery of prices may trigger a pump. The area I refer to as SL means the angular loss of the previous accumulation area. So if the region I label as SL breaks down, prices may go the opposite of what I think. But I don't think that's going to happen. I believe that prices will continue to go upwards. After $1,890, the chart can be followed as sl. I think this approach will bring more profit. Note: this is not investment advice.
Long
by CryptoBrainn
INJ/USDT 4HOUR UPDATEWelcome to this quick  inj/usdt analysis.        I have tried my best to bring the best possible outcome me in this chart. Reason of trade :- INJ/USDT Broke out of the triangle and retesting. Expecting 30% to 40% soon. Entry:- 10.64$,11.24$, Traget:- T1:- 12.07$ T2:- 13.35$ T3 :- 14.76$ T4:-  15.47$ Stoploss:- 9.74$, Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native languages.       Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563