INJUSDT.P trade ideas
INJ/USDT Technical Analysis OverviewINJ/USDT Price Outlook:
INJ has already seen massive gains during this bear market, doing a 10x before the start of the new bull run.
It just broke out of a bullish pennant pattern, signaling a continuation of the uptrend per the technical chart.
The initial price target is around $20.
I'd expect a minor retracement back to ~$9 first to retest the former resistance level.
This would provide a solid buy zone right before the next leg up.
With the bullish pennant breakout, if INJ holds support above $9, the technical analysis points to strong upside potential against USDT.
INJ/USDTBINANCE:INJUSDT appears to be showing signs of weakness, and in my opinion, it's primed for a breakdown.
The trend is clearly shifting to the downside, and it seems that the long-awaited distribution phase is coming to a close.
I've indicated potential target levels on the chart, and in a worst-case scenario, it could retrace all the way to the yearly open
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INJ Updated Trading PlanINJ has been a serious mover and on our radar for high quality trading oppertunities.
Price has already seen a very large rise and as such a pull back with a re-entry oppertunity is likely.
IF price is appropriately discounted to its previous resistance level a high quality long entry may present itself.
Current Trading Plan:
IF price pulls back into the area just above the previous ranges resistance of $10-$11 with bullish oscillator signals looking to carry a long position to the $17-19 target area approximately 60% higher.
Trade Well......
My long term INJ chart, my largest holdingINJ is my largest holding for crypto even larger than my BTC holdings. I decided fundamentally to add the token after really thoroughly researching it the past few years. I decided that injective would be the value proposition for the Cosmos rather than Atom token. This was published on our website. I started adding heavily to the position during the falling wedge on the left of the screen. We might be seeing the start of a huge bull-flag here which I am starting to draw. This falling wedge was one of the first charts I shared and also one of my biggest wins as I have not sold a single token and have been staking the entire time, compounding.
INJ - 1M - $20 / $25 Target (80%)INJ is one of the strong performers these days when the rest of the crypto market colors red. Always check multiple time frames to get a better perspective of what a long term trend will be. Don’t panic when price corrects a little bit and keep your focus on the long term horizon.
On the weekly and montly graph a clear cup and handle pattern is visible and after it completes, it is very likely that the price breaks out and makes an massive increase. In this case the price can increase up to $20-$25. This is a profit of 70-80% from current price. These are psychologically price levels were most people will take profits.
Good luck with your trades.
I anticipate a 30% increase in INJ.Hello everyone! Today let's take a look at Injective.
Currently, the price is at a local bottom, and when it reaches this level, it tends to bounce back up.
Another factor supporting the price is the EMA 200, which has just reached the support zone around $6.6. This suggests that a breakout below this level and further price drop are unlikely, except for a possible false breakout.
Additionally, we can see a descending trend line on the chart, which acts as resistance for price growth.
I believe that we can expect a rise in the asset's value in the near future, potentially up to the 0.618 Fib level at $8.49. Considering that the price is moving within a sideways trading channel, it could even reach the upper boundary around $9.5.
This is not financial advice, and everything you do is at your own risk.
Medium- or long-term trade #6 for Injective INJ priceIt seems to us that the price chart of INJUSDT shows a continuation of "the Cup and Handle" trend pattern.
Accordingly, the following conditions for medium- or long-term trading are valid and applicable:
Enter = 6,56
Stop = 6,19 ( - 5.6%)
TP = 11,34 ( + 72.9%)
P/L ratio = 12.9
We allocate $10,000 for this trade
In the event of a mistake, we will lose $564
If the trade will success, we will receive a profit of $7287
What do you think about this trade, and what is your vision? Write about it in the comments!
INJUSDT Formed a Firm Uptrend, Promising Upside Potential!INJUSDT is on a solid uptrend, with the price consistently respecting the average-price uptrend trendline. Notably, a recent breakthrough above the downtrend trendline indicates a probable continuation of INJ's growth. Today might just mark the launch of the next upward surge. 🚀