INJUSD trade ideas
Months of Accumulation, Distro Time?This, along with several other dinosaur alts were a precursor to this bull market. With Months of consolidation while bitcoin and many other newer alts make new highs.
I think we are heading into the expansion phase pretty soon from here. If we got a pullback from current resistance and formed a handle on the 2 day chart, for a nice cup and handle pattern, you bet your sweet tits a ton of money is gonna flow into this thing.
INJ/USD Pullback Entry Strategy Targeting All-Time HighsWe are preparing to enter INJ/USD on a pullback, with our primary Points of Interest (POI) being a daily imbalance and a 4-hour breaker block for added confluence. Entry will be triggered upon a market structure shift (MSS) on the 15-minute chart to confirm our setup. This approach allows us to align multiple timeframes, aiming to capture the upside momentum as we target a move toward all-time highs.
INJUSD: Highly important 1D MA200 test.Injective is neutral on its 1D technical outlook (RSI = 54.838, MACD = 0.426, ADX = 17.060) as it is trading between the 1D MA200 and 1D MA50. The 1D MA200 is more important right now as it got hit today but the priced immediately pulled back. This is the 4th failed test (so far) it had since April and failure to overcome it, should technically result in a strong rejection. Since however the price is rising after the August 5th bottom, we believe it is time to finally break. Wait until it closes over the 1D MA200 and buy, aiming for the 0.618 Fib (TP = 31.000).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
#INJUSD 1DAYINJUSD (Injective / US Dollar)
Timeframe: Daily (1D)
Pattern: Trendline Breakout
A trendline breakout has occurred on the daily chart of INJUSD, signaling a shift in market momentum. The pair had been following a descending trendline, indicating sustained selling pressure over time. However, the price has now broken above this trendline, suggesting that bearish control is weakening and a bullish reversal may be underway.
Trendline breakouts often indicate a change in trend direction, and in this case, the breakout above resistance points to potential upward movement.
Forecast: Buy
The breakout above the descending trendline signals a buying opportunity. This suggests that the price could continue to rise as bullish momentum gains strength, with the potential for further upward movement in the short to medium term.
Technical Outlook:
Support Level: The previous trendline, which now serves as support, helping to sustain the new bullish momentum.
Resistance Level: Key resistance levels above, which could serve as profit targets or areas to watch for potential price consolidation.
Key Levels to Watch: Traders should monitor price action to ensure the breakout holds, with bullish candlestick formations and volume spikes providing further confirmation.
This pattern often leads to continued upward price movement, but traders should remain aware of broader market conditions that could influence INJ’s performance, such as news related to cryptocurrency regulation or market sentiment.
Keep an eye on the broader cryptocurrency market as well, as shifts in sentiment can quickly affect the performance of altcoins like Injective.
Bullish SundayThe extended bottom wick on the last candlestick is a bullish signal. I'm still hoping it will break the $22.40 resistance. My support will be at $20.40. Does anyone have ideas on the next small pullback?
Inj after accumulation.Inj has been a hot topic for a while now. There is a resistance at $30 which is a near 50% increase from current levels. There is a huge hidden bullish divergence that has been silently building on the weekly chart. Patience pays in the end.
Looking for that break at resistance.INJ has been sideways since the 18th but in an upward trend. I want to break resistance at $22.40 with my support at $19.80.
INJ/USDTThis week we will have CPI news and most likely we will have more fall on crypto, so you can buy ONE step in the fall and hold for long term.
INJ Still in a DowntrendTrend is still down, and I expect at least another lower low for gray wave C.
This view is supported by the lack of:
- RSI divergence
- 3 downside waves for wave C
- break from black channel
I see no reason to buy INJ at this moment.
INJUSDTThis is an idea of the repetition of fractals in the next legs that we will probably have in bullrun, climbs in ABC with corrections of 50% of the Fibonacci retracement.
Injective , 180$ inevitable I gave you inj at 8$ all the way up but still I haven’t sold . I need to get the extract or the upcoming bullrun , injective is very promising and well performed. I have faith in 180$ in coming months and will remind you then . I think its safe to accumulate till 15$ and wait for the explosion.
Dyor and stay safe
#INJ: The Perfect Setup for a Strong Bullish Breakout I have a keen eye for identifying patterns that signal lucrative opportunities, and #INJUSDT on Binance is presenting an enticing setup. The descending wedge pattern, visible in the chart, is a classic bullish reversal signal. Here's why I believe this is a trade with great potential:
1. Descending Wedge Pattern: The descending wedge is a bullish pattern that typically signals a reversal. After a prolonged downtrend, INJ is poised to break out upwards, as indicated by the narrowing of the wedge.
2. Volume Confirmation: Notice the increase in volume as the price approaches the apex of the wedge. This surge in volume often precedes a breakout, adding credibility to the bullish scenario.
3. Strong Support Level: The lower boundary of the wedge has acted as a strong support, preventing further declines and indicating that buyers are stepping in.
4. Positive Momentum Indicators: The RSI and MACD indicators are showing bullish divergence, further supporting the likelihood of an upward move.
In conclusion, the technical indicators and pattern formations on INJ/US Dollar are aligning perfectly for a breakout. This trade setup offers an excellent risk-reward ratio, making it a high-probability opportunity. Always remember to set your stop-loss levels and manage your risk appropriately.
⚠️All trade ideas are published with a time delay. If you want to follow the trade in real time, please follow the link to our open copy trading account on Binance.
👉Our account with open trading, and all our other resources at this link:
Swing Long...Like many charts they look too good to pass on - yes we can always go lower but It won't matter in 6-12months - this is already established as an early winner in this cycle so it makes sense to own it.
Injective, Refuses to Stay Above $30- $30 is a key level, acted as support, broke below, resisted and tested again this week.
- The retracement distance in the EQ channel is measured and placed to the top.
- Prices has broken below the green box giving indication that down trend continues. Price has also broke below the EQ channel.
- This is further exacerbated by price breaking below the week washline indicating that all gains are washed out from the week's token burn.
- Should price finds support at 23.73 level, then there's a possibility of a right shoulder forming.
- A week close below 23.73 level would also washed away all the gains.
- Near term support as shown.
- The author has skin in the game.
Injective (INJ)Injective is one of the famous pioneers of layer-one blockchain for finance, in which user can build and use the Web3 applications. Anyway, Injective also was the first (or one of the first) altcoin which started the next upward/impulse wave sooner than others; and it seems INJ is making an inverted harmonic pattern. If this harmonic pattern takes place, major correction can be anticipated. Although, there is another scenario, that is, a three waves pattern of A-B-C unfold. If this happens, INJ can continue its rise to the Fib level 1; about $50 price level. Or even a mixture of these two scenarios might happen. Let's see which scenario happen.
INJUSD Bottom of the Channel Up. BUY.Last time we looked at Injective (INJUSD) was 4 months ago (December 18 2023, see chart below) and gave us an excellent sell signal that hit the 30.000 Target:
The price now sits at the bottom of the Channel Up and this is the most optimal buy entry for the long-term. We expect another +715% rise, targeting 150.00.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Injective (INJ) Takeoff as Whales Accumulate, Price Eyes $55Currently hovering around $31.00, which I consider a strong support level, INJ is well-positioned for a breakout. I believe the token has the momentum to reach $55 and even surpass that mark, fueled by the recent whale activity.
Strong Support Level: The current price of $31.00 is seen as a crucial support level. If INJ can hold firm at this point, it could signal a bullish reversal and pave the way for further gains.
Log Plot...This is based on waves and targets are derived off fibs - this is how I potentially see us ending this year as the bull case.
INJ Bull Run Started or Not ?In my point of view INJ has two scenarios at the current market price. That is it can be the 3rd wave or the flat correction of 2nd wave. More likely to be a 3rd wave let's see
INJUSD - Could it Top Here For a Bit?Drawing a channel between peaks and lows
I expect a downward move toward the dotted green line
from here however I think the bulls might just take back control.
A downward move makes sense with a structure like this.
$INJUSDT Breakout and Retest Successfully done!!!The purpose of this setup is to provide an analysis that suggests if the current market conditions are bullish or bearish, potential entry and exit points, and to identify key levels of support and resistance that might influence future price movements. It is important for the community to know that such technical analysis is based on historical data and patterns, and it does not guarantee future price movements. All investments and trades come with risk, and one should only trade with money they can afford to lose.
Now we move to the analysis. What are my considered parameters for this trade?
Price Action: The setup shows the priceaction of Injective in a Daily TF. There has been a recent uptrend as indicated by the price being above the 50 EMA line, which is the green curved line on the chart.
Fibonacci Retracement Levels: The chart shows a clear bounce off the 0.618 level from the recent dump, which could be seen as a potential support level and which confirms as well the Fibonacci setup that we have for this Trade.
Bullish Pennant Pattern: The purple lines show an ascending trendline as support trendline and a descending trendline as a resistance trendline. These two formed a perfect Bullish Pennant Pattern, from where the price broke and retested recently with the recent dump that we had in the market.
All these points speak for a long trade here taking no more than a 200% TPR to reduce risk and not be greedy as well.
I will keep posting follow ups and updates on this trade. Good Luck
