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INJECTIVE / TETHER PERPETUAL FUTURES

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INJUSDT.P trade ideas

Major Move Coming for INJUSD: Will You Be Ready?Yello, traders! Are you ready for what could be a significant shift in INJUSDT's trajectory? Let’s dive into the details: 💎INJUSDT has shown an Internal Change of Character (I-CHoCH), taken inducement, and then formed a W pattern from the support zone, which increases the likelihood of this pattern playing out. 💎If INJ breaks above the resistance zone, it will validate the W pattern, and we can anticipate a strong bullish move. 💎In the event of a pullback, we might see a bounce from the support zone. However, it's wise to wait for an I-CHoCH confirmation on a lower time frame to be sure. 💎If the price breaks down and closes below the support zone, it will invalidate our entire setup. In this case, it's better to ignore the current action and wait for a more reliable price formation. Trade smart, stay disciplined, and keep your eyes on the charts! The market is full of opportunities, but only those who stay focused and patient will succeed. 🎖 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Will The INJ Token Burning Push The Price Beyond $50?Injective protocol has a market cap of $2.7 Billion and is ranked 47th in the cryptoverse. The volume of the asset price has seen a surge of 116% while the VM ratio of asset remains near 0.02. INJ is currently trading near $29 with a gain of 12% in the intraday session. INJ token price is currently forming strong bullish candles on the daily chart. It is currently trading above the 50 and 100 EMA. The upside trend of INJ can see a halt near $40. Meanwhile, the support of the asset price can be seen near $20. The correlation of BTC and INJ has also surged and reached 0.72. The RSI of the INJ is currently near 64 with a positive slope in it. The overall sentiment of the indicator is bearish in nature.
Long
by Ritika_TCR
INJ: Bullish OB and Fibonacci Levels Signal Potential Upsurge 🚀💎 Paradisers, #INJUSDT has broken out of the resistive trendline with a Fair Value Gap (FVG), and subsequently, the price showed a Change of Character (CHoCH) towards the bullish market structure, enhancing the probability of a bullish move. 💎 My idea for #INJ is to look for bullish signs at the bullish Order Block (OB) combined with the Fibonacci 0.5 and 0.618 zones. If we detect any bullish signs like an Internal Change of Character (I CHoCH), we can expect a bounce from here to target external liquidity (Previous Swings). These liquidity zones are also ideal for booking profits. 💎 However, if the price doesn't show any bullish signs and instead falls below the bullish OB zone, it will invalidate our entire idea. In that case, it would be better to wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
Is The Bearish Dominance Increasing Over Inj Token Price?Injective Protocol has a market cap of $2.1 Billion and is ranked 49th in the CMC. It has a supply of 100 Million in which 93% of it is circulating in the market. INJ token price is currently trading near the value of $23.35 with a drop of 1.57% in the intraday session. Meanwhile,the volume of the token has seen a surge of 114% in the past 24 hours. INJ token price is trading below the 50 and 200 EMA with the upcoming negative crossover. The negative crossover can increase the bearish momentum on price. INJ token support level can be observed near the value of $20 while the resistance can be seen near $31. RSI and MACD of the token price is in a neutral zone with weak bearish sentiments.
by Ritika_TCR
Keep Your Eyes on #INJ! 🚀 Potential Bullish Reversal Ahead!💎 Paradisers #INJ is exhibiting a bullish market structure and could potentially bounce from the bullish order block (OB) and supportive trendline. 💎If #INJUSDT forms any kind of bullish candlestick pattern at this juncture, it could be seen as confirmation of the bullish momentum. 💎However, in the event of a breakdown below the bullish OB and demand level, it may be interpreted as a bearish scenario. Nonetheless, it might be prudent to wait for better price action to develop before making any decisions. 💎If you're new to technical analysis and feeling confused, feel free to DM or comment below, and I'll be happy to assist you.
by MyCryptoParadise_Nathan
INJ/USDT : Trend Reversal in the Making? Don't Miss This!💎 Paradisers, let's turn our attention to INJ/USDT. On the Daily chart, it's carving out a head and shoulder pattern, signaling a potential trend reversal. Notably, the right shoulder is smaller than its left shoulder, indicating a shift towards forming lower highs. 💎 If INJ/USDT slide below the demand mark of 7.490, it would pave the way for a series of lower lows. This movement could amplify confidence in a bearish direction, potentially steering the price towards demand zones at 6.829, 6.201, and 5.681. However, if the price ascends beyond the right shoulder's peak at 8.378, this pattern might lose its validity. Trade carefully and stay sharp, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
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