ALMOST time to Short We almost at the order block
i am adding it to my watchlist and will then decide once i see such a pattern i highlighted
Stay glued here i will update you.
Inj
Bullish on Injective - Injective's BoomInjective has been rallying for months and has defied the bear market, which has drained most other crypto assets. Due to its super bullish fundamentals, it has stolen the limelight and will probably continue to do so.
Its uptrend has been very healthy so far, and we can see that through INJBTC. INJ has been doing very well relative to BTC, and both INJUSD and INJBTC look clean. What I mean is that technically they look solid, as they have had several corrections and consolidations. Therefore the current trend looks sustainable.
The two key areas I think INJUSD is targeting next are 10.3$ and 14.5$. Those two areas have a lot of liquidity, given that triple/quadruple tops have formed there. I expect the market to hit those targets in the next few months. Taking profits in those zones makes sense only in the short term, simply to add more in case the market corrects once it gets there.
🔥 INJ Long-Term Bull-Flag Break Out AnticipatedINJ has been trading in a bearish channel for nearly 3 months now. With Bitcoin's resurgence, there's a decent probability for INJ to break through the top resistance and to continue it's bullish trend.
The yellow marked area is a short-term bull-flag, within a long-term bull-flag. The trade is based on the premise that both will break bullish.
SL under 7.00, profit target at the recent 2023 top for a decent risk-reward of almost 5.43, make sure to wait for confirmation.
Massive resistance ahead! 18k or 35k where next? Chart Analysis:
Recent Developments:
The chart has recently exhibited a classic 'Cup and Handle' pattern which broke out and evolved splendidly. Following this, there was a pullback to the breakout level, which culminated in an impeccable falling wedge, as we had anticipated in our preceding video. Subsequently, there was a remarkable breakout, and we successfully reached our initial target - the apex of the falling wedge. This has brought us face-to-face with the most formidable resistance encountered since the inception of the bear market. Will we break through? Only time will tell.
What Lies Ahead?
At this very moment, the chart is forming yet another colossal 'Cup and Handle' pattern, and we are teetering on the brink of a breakout. Should this breakout materialize, we can anticipate a continuation of the upward trend until any signs of faltering. It's crucial to remain vigilant for indications of potential reversals. Conversely, if this attempt is unsuccessful, the chart could potentially plummet to the 18k level before the halving. It's advisable to proceed with caution and employ stop losses.
Risk Management:
It's imperative to tailor your position size in accordance with your risk appetite. Employ astute risk management tactics, such as trailing stop losses, to safeguard your profits as the price advances in your favor.
Disclaimer:
Please note that this analysis is intended solely for educational purposes and must not be construed as financial advice. It's of paramount importance to undertake your own due diligence and seek counsel from a financial advisor prior to making any trading decisions. BITSTAMP:BTCUSD BITSTAMP:ETHUSD BITSTAMP:BCHUSD KUCOIN:INJUSDT
injThis is an arrow to get rid of scalp entries. Be careful. If it doesn't break, it will sell well.
injIn the last stage, for a mid-term entry, I look for an entry point almost in this range. Here you can buy three steps, you can buy one step and then come to the bottom of the channel and check again.
injWe will come daily time
We have the above liquidity, which can be of interest. If we draw a trend line from the beginning of the trend, there is a reaction to it and the price is now below it. This is a bit suspicious. Now, if we take it from the previous bottom, we get a range that It is possible to look for an entry point in this area. I think Midline can be a good channel
injIn the weekly time, higher ceilings and floors have been set. Currently, the green floor has not been set, so we can focus on the red area. Of course, these areas are still in demand and have not reached the saturation area.
inj#eng
The first important resistance range in the monthly time that can be imagined is in these two numbers. Considering the type of candle arrangement, if we check the last three candles, we will realize that it is looking for a correction in this area as well.
INJUSDT may head for weekly resistance from LTF supportThe price broke through the weekly resistance only to come back. It came down and currently trading under that weekly resistance zone. However, it seems the price may attempt again to break that resistance. Therefore a long is favorable from the LTF support.
INJUSDT updated support and resistance levelsHere are the updated resistance and support levels for this pair. DR1 is still there even though the price has broken that level but has not closed above yet even on 4h time frame.
Inj Looks Ready For another Bullish Impulse Seems Like Getting ready for massive bullish rally forming descending channel in h8 tf incase of breakout expecting move towards 15$
INJUSDT may aim upward for daily resistance 6.86-6.96The price came back to the 4h support zone 4HS2 and bounce from there. Along with the BTC push, this also moved higher breaking the previous 4h resistance. I think a long is favorable here towards the daily resistance. The target of this move should be daily resistance around 6.86-6.96. Idea of this trade is to long from the 4h support 4HS1 in case price comes there before hitting the daily resistance zone.
INJUSDT Buy Setup!INJUSDT (4h Chart) Technical analysis
INJUSDT (4h Chart) Currently trading at $6.32
Buy level: Above $6.2
Stop loss: Below $5.3
TP1: $7
TP2: $7.6
TP3: $8
TP4: $10
Max Leverage 3x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
injThis box is a resistance. It can be accessed if the upper lines are crossed. If it cannot create a specific movement, the lower areas are available in the previous analysis.
INJUSDT likely to head up towards daily resistance at 6.86-6.96This has broken the 4h resistance finally and trading above it. The next level of resistance is daily resistance DR1 as marked on the chart. It is sitting around 6.86-6.96. That is the level the price will target next. Lets look for a favorable long setup here.
INJUSDT heading towards daily supportThe price seems to be heading to daily support DS1. After bouncing from the daily support DS1, it went up till the 4h resistance zone 4HR1 and got rejected from there. After a pushback it again attempted towards this resistance zone only to meet the same fate. The price again got rejected from there and fell back down. It is currently trading between the resistance zone 4HR1 and support zone DS1. From the probability and price action perspective, it seems favorable that the price aims for the daily support. This provides a good short opportunity. The target is marked on the chart.
INJ SHORT SETUP (1H)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the INJ symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
INJUSDT Next Possible MovePair : INJUSDT ( Crypto )
Description :
Bearish Channel as an Corrective Pattern in Long Time Frame
Break of Structure
RSI - Divergence
Completed " 1234 " Impulsive Wave
Bullish Channel as an Corrective Pattern in STF
SMC - CHoCH
INJ LOOKS BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the INJ symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
INJUSDT again at daily support, likely to bounce at least to 5.8The price has come to the daily support zone DS1. I think the price will bounce here. A long should be favorable here. The target of this trade should be at least 5.82.
INJ IS BEARISH (4H)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the INJ symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
INJUSDT at bottom of daily support, likely to bounceThe price is again at the bottom of the support zone. I have taken a long trade here. The target of the trade is 5.73. Lets see how it plays out.
