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Injusdtanalysis

INJUSDT at weekly resistance, likely to pullback before riseWe talked in dec 2023 about a good entry from WS1 if we get that while we were trading around ATH. The price did pull back after pushing a bit higher from there in march 2024 and came back to weekly support WS1 in following months. This support provided a good bounce as we can see and the price is currently trading significantly above from that support level. However, it is currently blocked by weekly resistance WR1 and the price is trading below that resistance. Once the price breaks WR1, it can go beyond MR1 without much of struggle. However, I think it may not be ready to break WR1 yet and may revisit DS1 zone before gaining the strength to move up to break WR1. If the price comes back to DS1, I will long it else on break of WR1.
by angela_altair
Breakout Alert! Will INJUSDT Keep Climbing or Fall Back?Yello, Paradisers! Are we on the brink of a significant move for #INJUSDT? 💎#INJ has successfully broken out of a descending channel pattern, suggesting a high probability of continuing its upward movement. The price has already retested the support level, indicating a strong likelihood of moving toward the resistance zone at 28.5 - 30.8. 💎Historically, INJ faced rejection and a false breakout at this zone. For a sustained upward trend, it must break through this resistance, switching back to bullish momentum and potentially reaching our target resistance area. 💎However, if INJ fails to break through and falls back to the support area at 24, it might create new momentum. If it fails to rebound and breaks down the support directly, this could be a bad sign, with the price likely revisiting the strong demand area at 18.4. 💎Historically, INJ has shown strong rebounds from this demand zone, consistently moving upward afterward. Therefore, it’s crucial for the price to bounce when revisiting this area. If it fails to do so, the bullish invalidation will be confirmed, and the price may dip further. Trade smart, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
6
INJUSD market Bullish Direction money heist planMy Dear Robbers / Traders, This is our master plan to Heist INJUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Long
by The-Thief
2
Injective INJ price in consolidation, where will it go?#INJUSDT price was one of the first to show strong growth at the end of 2023, as they say, even before it became mainstream) Maybe it will be the same now?) But for now, the #INJ price has approached a strong mirror level. And it seems to us that it would be good for it to adjust once again to $24.50. 🔼And from there, we can take the acceleration to break through and consolidate above $30, and then up to $50 is just a stone's throw away) 🔽But below $23, you need to be careful with #Injective, because a new wave of decline may begin with the final target of $12 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
INJ/USDT 175% Potential Rally ahead!🚀 INJ/USDT Technical Analysis by Cryptorphic 🚀 - Price at Time of Analysis: $26.111 - Key Support Level: $25.451 - Resistance Levels: - Short-term: $29.069 - Major: $30.512 - Long-term target: $69.785 - $70.007 🔹 Chart Patterns: - A breakout from the descending wedge pattern. - Potential bullish movement towards the long-term target indicated in the green zone. 🔸 Moving Averages: - The price is currently below the 100-day moving average (purple line), suggesting a potential bullish trend continuation if it breaks the level in the coming days. This scenario is highly likely. 📈 Forecast: - Expecting a price surge towards the $70 range, as depicted in the chart. - Watch for price action around the major resistance levels for confirmation. Do hit the like button if you like it and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
INJUSDT Elliott Waves (Local Setup)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: Market and lower Targets: 40 - 44 - 47 after first target reached move ur stop in breakeven Stop: under 29 (depending of ur risk). RR: 1 to 3.5 ALWAYS follow ur RM. risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
Injective- Drop to 20?BINANCE:INJUSDT is another token that has received a lot of hype this year, but, similar to LCX's situation, all this hype hasn't led to a price increase. If we look at the chart, we can see that after breaking above the important $10 resistance level, the price sharply rose by 400%. However, after initially surpassing $40, INJ entered a consolidation phase. Upon examining the weekly chart, it becomes evident that rallies above $40 were met with selling pressure. Additionally, yesterday, following a new attempt to exceed $40, the price experienced a significant drop. In my view, these are all signs of a potential reversal. Technically, as previously mentioned, the $40 zone acts as a strong resistance while $30 serves as a clearly defined support level. A breach below this support could drive the price down to the next support level at $25. However, given the prolonged distribution around the $40 peak, I wouldn't be surprised to see Injective fall to $20 in the long run.
Short
by Mihai_Iacob
INJUSDT Next target $80??INJ/USDT is showing signs of a breakout from resistance, aiming for the $80 mark with expectations of doubling returns within this range. For those considering an investment strategy, buying and holding INJ/USDT appears promising amid the resistance breakout. Traders eyeing this opportunity should closely monitor the upward momentum and potential for substantial gains in the near term. ROSEUSDT (1W Chart) Technical analysis ROSEUSDT (1W Chart) Currently trading at $41.5 Buy level: Above $41 Stop loss: Below $32.5 TP1: $45 TP2: $55 TP3: $65 TP4: $80 Max Leverage 2x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
1
INJ/USDT Keep an eye! Could INJ Break out the Bullish Pennant ??💎INJ has recently exhibited notable market dynamics. After making a strong bounce from the support trendline of the Bullish pennant pattern, INJ is now approaching the resistance area. 💎 A successful breakout above this resistance could potentially lead to a breakthrough of the pattern itself, paving the way for INJ to revisit its all-time high resistance levels. 💎 However, if INJ fails to breach the resistance and experiences rejection, the price may retreat back towards the support trendline within the channel. 💎 Failure to sustain and rebound from the support trendline could signal further downside potential, with the price potentially targeting the support area. 💎 The support area represents the final line of defense for the Bullish trend of INJ. A bounce from this level is crucial, as a breakdown could lead to a significant downward movement towards the Bullish Order Block (OB) area, which presents an attractive long-term buying opportunity.
by MyCryptoParadise_Nathan
1
Inj/Usdt Showing Signs of Potential Breakout Opportunity The Inj/Usdt trading pair appears to be indicating a potential breakout, with an increased chance of success. While it's important to note that the following analysis should not be considered as financial advice, it aims to provide an overview of the current situation and potential bullish move if a breakout occurs. Breakout Possibilities: Inj/Usdt has been attempting to break out recently, demonstrating strong signs of upward momentum. At present, there is a likelihood of an 80-90% chance of a breakout happening. Should this breakout materialize successfully, a price surge of 20-40% is plausible. Risk Disclaimer: It's crucial to emphasize that the information presented here should not be interpreted as financial advice or a definitive forecast. The cryptocurrency market is highly volatile and unpredictable, often influenced by multiple factors beyond technical analysis. Any investment or trading decision should only be made after conducting thorough personal research and consulting with a professional financial advisor. Conclusion: In summary, the Inj/Usdt trading pair is indicating a potentially favorable breakout scenario, offering the possibility of a significant bullish move. Nonetheless, it is essential to exercise caution and perform individual due diligence before making any investment decisions.
Long
by Crypto-By-Ghazi
INJUSDT Injective Key levels, Probability and outlook for EntryINJ/USDT Technical Analysis Report Date: January 11, 2024 Overview: Injective Protocol (INJ) has shown a significant bullish movement against USDT as observed on the weekly timeframe on Binance. The recent price action has brought INJ to a pivotal point that may indicate future price directions. Z-Score Probability Analysis: The Z-Score Probability Indicator suggests that INJ has entered a highly bullish zone, with the score reaching a peak of 34.829136, which is a rare event and indicates a strong deviation from the mean price. This could be interpreted as an overbought condition, and traders should be cautious of a potential pullback. The green area expansion on the chart also supports the bullish sentiment, but traders might want to wait for the indicator to cool down before entering new positions. Channel and Support/Resistance Analysis: INJ's price has skyrocketed through the parallel channel, breaking past the upper boundaries, which can be a sign of strong buying pressure. The price is currently hovering around 40.651 USDT with a clear spike in volume, suggesting significant interest at these levels. The dashed lines represent key support levels, with 14.990 USDT being a crucial one to watch, as it previously acted as resistance and could now serve as strong support. Volume Analysis: A spike in trading volume accompanies the recent price surge, which validates the strength of the current trend. High volume is a good indicator of sustainable moves, so the current uptrend might have the momentum to continue, provided the volume remains high. Potential Strategy: Considering the overbought conditions suggested by the Z-Score Probability Indicator, traders might anticipate a retracement. A strategy could involve waiting for the price to test the broken resistance-turned-support levels before considering entry points for long positions. Aggressive traders might look for short-term retracement trades, while conservative traders might wait for confirmation of support holding. Risk Consideration: Given the extreme reading on the Z-Score Probability Indicator, there is a risk of a sharp correction. Traders should use stop-loss orders and consider the high volatility in their risk management strategies. Conclusion: INJ has shown strong bullish momentum, but the extreme Z-Score reading suggests caution. Traders should look for potential entries on retracements to key support levels, keeping an eye on volume and price action for confirmation. As always, maintain a solid risk management strategy to protect against unexpected market moves. This report is for informational purposes only and is not investment advice. Always do your own research and consider your risk tolerance before trading.
by meloneusk
Injective Protocol (INJ) setup for upto 17.50%Hi dear friends, hope you are well and welcome to the new trade setup of Injective Protocol (INJ) with US Dollar pair. Previously after the completion of bullish Gartley INJ produce, almost 570% massive rally as below: Now on a 4-hr time frame, INJ has formed another bullish Gartley for the next price reversal. 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