INJUSDT.P trade ideas
Injective (INJ): A Setup You Shouldn't Miss!Injective's chart is setting up for something big. Let's look at what's brewing and how you can make the most of it!
Key Chart Observations
‣ EMA200 Test: INJ broke above the crucial 200 EMA. This is always a key level to watch for any trend reversals. If INJ can hold above this level, it will signal a major shift in momentum.
‣ Descending Channel: Besides the EMA, INJ is on the verge of breaking out of its descending channel. This channel has been intact for months, and a breakout here could trigger a significant rally.
What’s Next?
We could see an explosive move if INJ confirms the break above EMA200 and moves out of the descending channel. Given the chart structure and momentum building, I expect a potential 65-70% move from here, with the first logical target around the $38-$40 range.
Trade Setup
‣ Entry: Watch for a daily close above the EMA200 and the upper boundary of the descending channel (~$24.00)
‣Target 1: $30 (+30% potential gain)
‣ Target 2: $38 (+65% potential gain)Stop Loss: Set below $20.00 to manage risk
The volume supports the price action, and if we can break these key levels, the path to a massive upward move is clear.
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Key Facts about INJ:
- Market Cap: $2.25b
- CMC Position: 44
- Trading Volume (24h): $135m
- Circulating Supply: 97m
- Total Supply: 100m
Alikze »» INJ | Ascending channel - 12H🔍 Technical analysis: Ascending channel - 12H
- In the analysis presented in the previous post , a corrective wave was carried out up to the green box area, which has entered an upward phase in the green box area after the demand.
- Currently, in the 12H time frame, it can have a growth up to the range of $25, which in case of a pullback to the middle of the channel, it will have the ability to continue growing up to the top of the channel.
- If the $25 zone fails, it will have the ability to continue growing up to the supply zone.
💎 Alternative scenario: In addition, if it faces selling pressure in the range of $25 and loses the middle of the channel, it can continue to correct at least up to the Fibo range of 1.618 and the price range of 18.75.
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BINANCE:INJUSDT
INJUSDT: Long-Term Target $100?INJUSDT Technical analysis update
INJ has been trading inside a falling wedge for the last 275 days and is now breaking the wedge's resistance trend line. We can expect a gradual bullish move in INJ. Additionally, the previous all-time high (ATH) acts as strong support, and the price has recently bounced from this level. By the end of 2024, INJ could potentially reach $100.
INJ/USDT: BREAKS OUT! READY FOR AN ATH!!Hey everyone!
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INJ looks good here. It breaks out from the falling wedge-like structure and is currently, retesting the wedge. Buy some here and add more in the dip.
Entry range:- $19-$21
Targets:- $27/$34/$42/$52
SL:- $17
What are your thoughts on INJ's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
INJ Do we repeat the 92% down pattern? Great watch not financial advice
I took the time to explain how we are in wyckoff mode and how we may be finding our D in an ABCDE correction that could potentially move us back to the 4-6.00 usd range by may 2025 -june 2025
worth a watch and sorry about the length i tried to keep it short but sometimes it is hard when mutiple things needs explained.
$INJ WARNING. It is about to pump: are you ready?Check out my other idea on $INJ. I'm closely following this coin because it's on my list of the most promising for the upcoming alt season.
CRYPTOCAP:INJ has been suppressed by a bearish MACD on the daily timeframe. However, the indicator is about to cross, signaling that the selling pressure may be ending, and a buying trend could follow.
- The team is working tirelessly, announcing new updates, bridges, or partnerships almost daily.
- They are also burning tokens, which will drive a deflationary trend, especially since there are no more token unlocks, and the tokenomics are free from VC influence.
Check out the news here; it's impressive: crypto.news
I remain very bullish on CRYPTOCAP:INJ despite its recent underperformance, mainly due to some technical indicator resets.
Let's see if this idea follows its path, just like the others.
DYOR