🚀 INJ: Trend Continuation and Price Discovery! 📈💹
📊 Analysis:
Positive Momentum: INJ is exhibiting positive momentum with trend continuation to the upside.
Resistance to Support: Turning resistances into support, indicating a strong bullish trend.
Entry Strategy: Look for confirmation as price turns resistance into support for adding to or initiating an INJ position.
Profit Targets: Potential profits at $70 or $100.
Stop Loss: Initially set under support at $30, subject to adjustment based on trend continuation.
🌐 Note: Continue monitoring INJ's price action for confirmation and potential adjustments.
Inj
INJ/USDT Ready for its Next Bullish Move? 👀🚀INJ Analysis 💎 Paradisers, let's focus on #INJUSDT, as the current trend is hinting at the possibility of a significant bullish rebound from its essential support zone.
💎 Examining #Injective's recent market trends, we notice a steady 32% drop after encountering resistance at a key supply level. However, resilience around the support level of $34.94 is evident, indicating the potential for an upward shift.
💎 Despite current hurdles in setting new highs or breaking past previous peaks, leading to a short-term bearish outlook, the $34.94 mark is critical for #INJ. This level could be the catalyst for a strong bullish surge upon retesting.
💎 As strategic traders, we're always ready with an alternative approach. If #INJ doesn't maintain its stance at the support and declines further, we're looking towards a bullish recovery starting from a lower support level at $31.6. However, be aware that falling below this additional support level might imply extended bearish trends.
💎 Stay versatile in your strategies and focused on the charts, Paradisers. Your ParadiseTeam is vigilantly observing the markets, poised to offer guidance through these shifts.
INJ/USDT Eyeing a Bullish Turn from Key Support Zone?🚀INJECTIVE💎 Paradisers, get set for an exciting trading prospect with #INJUSDT, perfectly positioned at a vital support area, hinting at an imminent bullish turn.
💎 Exploring the #INJECTIVE trajectory, we find it climbing from a critical support level of $33.98. With the price maintaining its current drive, there's a strong likelihood of initiating a bullish journey. The first milestone to watch is the resistance at $37.13, with a breach potentially propelling the price towards $41.76.
💎 If the drive behind #INJ starts to wane, anticipate a bullish resurgence from the robust demand level at $32.45. A fall beneath this point, however, might signal a significant shift to bearish territory.
Fluctuation - INJBTC broke through 52000 at the beginning of this week and is standing above 57000. If you use the TSB indicator and open a long position, your profits will be further amplified.
Although BTC and ETH are rising, some tokens that led the market in the early period, such as SOL and INJ, continue to fluctuate and have not started a new rise. The token this time is INJ, let’s take a look at its current situation.
INJ is the token of blockchain Injective. Injective was originally a derivatives exchange, and later built a dedicated chain based on Cosmos-SDK. This gave great inspiration for the subsequent transformation of large exchanges such as BLUR and DYDX into chains. But what made INJ stand out in the early period of the bull market was its unique on-chain transaction fee auction system ----INJ2.0 model. The token supply is reduced through the monthly repurchase-auction mechanism. Token holders can use INJ tokens to bid for transaction fees, and then destroy the INJ obtained from the auction. Currently, 5.84m INJ have been destroyed, which puts the INJ token into a deflationary state.
Back to indicators. INJ has almost maintained fluctuations in a range in the past two months. This is in line with the application scenario of the KDMM indicator. We have marked several clearer opening points with green and red vertical lines. Currently, INJ is in the high value area of the KDMM indicator, and there is an obvious upward pin-bar on the previous candle. If bearish momentum can build, it will be an appropriate position to open a short position to capture pullback gains.
In addition, during the use of the KDMM indicator, we can see weak and strong signals. These are not trading signals, but signals that prompt subsequent potential volatility changes. Just like what we marked with rectangle. After weak occurs, it is thought that the volatility of subsequent price will most likely decrease, while strong does the opposite. You can use this information to plan the details of the trading ahead of time.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
🚧INJUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
COINEX:INJUSDT
✅Today, I want to analyze INJ for you in a 3D time frame so that we can have a MID-term view of INJUSDT regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
Injective Protocol may see significant price increase like previous pattern🤔
If a breakout repeats, estimate 60%+ price gain.
❗ Note that if the Flag is broken down with the power of descending candles, our analysis will fail.
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- Bullish Flag
- AB=CD
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
INJ - Bullish Momentum Persists 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 INJ has been overall bullish , trading above the red trendline.
Currently, INJ is hovering around the trendline acting as a non-horizontal support.
Moreover, the 30.0 marked in green is a strong support zone.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and red trendline.
📚 As per my trading style:
As #INJ is around the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📈 In parallel, for the bulls to take over medium-term and start the next impulse movement that will lead to the 50.0 round number, a break above the last major high in red at 40.0 is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
INJ: Price ActionIn the latest 4-hour chart, INJ is navigating a crucial phase, with its price delicately poised at $37.04. The Bollinger Bands are showing a moderate range with the price flirting close to the lower band at $33.05, hinting at potential support if bearish pressure continues. However, the recent price action staying above this level suggests resilience in market sentiment.
The MACD indicates a narrow margin between the MACD line (0.79) and the signal line (0.84), with a histogram almost at equilibrium, which typically signifies a market at a crossroads awaiting direction. While the slight downtick in the last day's change reflects a brief retreat, the RSI at 51.93 remains in neutral territory — neither overbought nor oversold — providing no immediate trend bias.
Volume has maintained a steady flow at 327K, indicating active participation at current price levels. Traders should be vigilant for any shifts in volume, which could signal a strengthening conviction behind price movements. The close proximity of the current price to both potential support and resistance levels paints a picture of a market in balance, yet teetering on the edge of its next significant move.
Alikze → INJ | Support range $34In time H4, after supporting in the green box range and escaping from the corner pattern, it managed to rise to the first supply area. If it stabilizes above the 34.35 range and the candlestick confirms the return, it will be able to continue the path to the next supply range. Otherwise, it will correct up to the limit of the OB.
🟩Sup: 34.35$
⛳️Tp 35.94
⛳️ Tp2 :38.28~39
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Support-turned-Resistance Structure with Bullish MACD DivergenceSupport-turned-Resistance Structure with Bullish MACD Divergence and Volume Profile Analysis
Summary:
This trade proposal focuses on identifying a support-turned-resistance structure around the 33.75 level in Injusdt. Previous resistance turned support, combined with a bullish MACD divergence, suggests a potential buying opportunity. Utilizing Volume Profile analysis, we aim to determine profit-taking levels near the upper boundary of the 70% volume area.
Technical Analysis:
Support-turned-Resistance Structure: The 33.75 level has previously acted as both resistance and support, demonstrating its significance in the price action of Injusdt. After being breached twice, it now serves as support, indicating a potential shift in market sentiment.
Bullish MACD Divergence: A bullish divergence has been observed in the MACD indicator, where the price forms lower lows while the MACD forms higher lows. This discrepancy suggests weakening bearish momentum and a potential reversal to the upside.
Interpretation:
The confluence of the support-turned-resistance structure at 33.75 and the bullish MACD divergence provides a compelling case for a bullish trade. By utilizing Volume Profile analysis, we aim to identify profit-taking levels near the upper boundary of the 70% volume area, where significant selling pressure may emerge.
Trade Plan:
Entry: Consider entering a long position once the price rebounds from the 33.75 support level, confirming its role as support. Alternatively, wait for a bullish candlestick pattern or a break above a key resistance level to confirm upward momentum.
Stop-Loss: Place a stop-loss order below the 33.75 support level to protect against potential downside risks. Adjust the stop-loss level based on the volatility of the asset and your risk tolerance.
Take-Profit Target: Utilize Volume Profile analysis to identify the upper boundary of the 70% volume area as a potential profit-taking level. This level may act as a significant resistance zone where selling pressure could increase, leading to a potential reversal or consolidation.
Risk Management:
Manage risk by sizing positions appropriately and adhering to proper risk-reward ratios. Monitor the trade closely and consider adjusting the stop-loss and take-profit levels as the trade progresses.
Disclaimer:
Trading carries inherent risks, and there is no guarantee of profits. Conduct thorough analysis and consider all factors before making trading decisions. Utilize stop-loss orders and risk management strategies to mitigate potential losses.
INJ NEW UPDATEOn the chart, from where we entered "START", we seem to see a correction.
This correction seems to be a diametric.
There was a suitable place for the termination of the D wave on the chart, which we marked with red color.
If the price reaches this range, you can enter a sell/short position.
We have specified the targets on the chart.
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
inj breaking out already on uptrend and finally breaking another bullish continuation pattern expecting massive bullish rally in coming days
breaking bullish flag and expecting successful breakout successful breakout can lead another solid move towards 50 to 55$
keep eyes on injective for confirmed breakout
INJ - Is the Bull Rally Over?📉Hi Traders, Investors and Speculators of Charts📈
With this chart, we aim to identify the current phase of INJ by using the Wyckoff Method . The Wyckoff Method can be extremely technical and complicated, with many phases, sub-phases, sub sub phases etc. The four main phases of the market cycle are accumulation, markup, distribution, and markdown. On this specific chart, we're taking a look at what comes next after the big bullrun is completed.
Furthermore, a brief look at the phases:
Start of the Bullish Cycle:
The price start increasing rapidly, often making parabolic increases. Pullbacks are short-lived, and the rally continues afterwards.
PEAK:
This is the clear ATH that is established by the bullish cycle. This is where the buyers run out and the tables turn to where sellers start to dominate for the upcoming bearish phase.
Failed Rally:
The buyers try one more time to push past the previous high, but fail. Instead, a lower high is made and is usually marked by a bearish pattern or double top candlestick.
Accumulation Phase:
This is usually considered the boring zone. This is where price trades range for a long period of time, whilst whales bulk up for the bullish cycle to come next.
All of the above in mind, I believe we are currently trading towards the failed rally phase. This means that we may still test support zone / resistance zone multiple times, until either the bears or the bulls take charge.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
BINANCE:INJUSDT
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.
INJUSDT: Potential Bullish ContinuationINJUSDT Technical analysis update
INJ has formed a symmetrical triangle pattern after reaching a new all-time high. A breakout from this pattern could indicate the potential continuation of the uptrend.
Buy level: Below $35.5
Stop Loss: $31.00
Mid Term Target: $50
Long Term Target: $100
Regards
Hexa