Injective protocol INJ INJ is a project invested and supported by the Binance Labs fund
Injective Protocol is a cross-chain platform deployed on the basis of two protocols, Ethereum and Cosmos, so that users do not experience problems with high gas prices.
Among the key features of the project, it is worth noting decentralized trading in derivative financial instruments, the ability to trade on any market, cross-chain trading, yield generativity, a community-driven network, and high-speed DEX.
The project investors are Pantera, Hashed, and of course Binance Labs.
It is also worth paying attention to the technical analysis and consider the INJ chart :
From the peak, we fell by 95% and came to the zone from which the growth began and in which there were good volumes, and when we return to this zone, now we also see large volumes. If we analyze the behavior of coins in the previous bear market, then on average coins fell by 93-95%.
Therefore, I consider it unlikely that INJ will show a strong fall from these values, it would be logical to test the $1 level and start forming a bottom from there. So far, we are not seeing signs of strength in this coin to expect any growth in the coming month. Unless we quickly get out of this wedge and the price fixes above $1.7
Inj
INJ/USD to the moon?The INJ/USD chart looks to be breaking up.
After more than 50 days of consolidation it appears that INJ wants to go higher.
Our plan is simple, we'll buy this break out. If the price goes back under the last low or hangs around too long under support , we'll cut the long.
We'll update here when TP or SL is hit.
Injective Protocol (INJ) formed bullish Gartley for upto 15% pumHi dear friends, hope you are well and welcome to the new trade setup of Injective Protocol (INJ)
Previously I shared a long-term trade setup for INJ, which is still in play:
Now on a 2-hour time frame, INJ has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Another candidate for pump in midtermMarket is strong bearish. All trades with alts are risky. But some coins makes big moves up. (Like UNFI, WING, OP and others)
For my opinion, INJ is one more candidate for pump in midterm.
Coin moves in accumulation range 51 day and it left it`s 442-day downtrend. Technicaly now is a good time to add it to your portfolio.
Realistic and nearest targets are in range 5-5,5$.
INJ UsdtWe can consider the area up to the Fibonacci channel 0.786 region as an accumulation area.
Prices in this region will move tightly.
We can accept the 1.tp zone at the $1,600 levels. I believe that it is a good level of buy and sell for those who are thinking of day trading.
After this region, the recovery of prices may trigger a pump.
The area I refer to as SL means the angular loss of the previous accumulation area. So if the region I label as SL breaks down, prices may go the opposite of what I think.
But I don't think that's going to happen. I believe that prices will continue to go upwards.
After $1,890, the chart can be followed as sl. I think this approach will bring more profit.
Note: this is not investment advice.
I like Injective, we will see many ATHs for INJ next years! BULLI like INJECTIVE PROTOCOL, its an amazing DEX & Binance is a partner! Team and Community are very nice, so smart people.
Price right now accumulating and I would predict $17 INJ if crypto market recovers this year.
Anyway, I bought and I keep buying $INJ at these prices, very cheap for me.
I am a nINJa :) Buy, stake & HODL.
Always #DYOR
Injective.com
twitter.com/InjectiveLabs
INJ ; high potential to gain %100The Injective After a long time of correction to the downside ,we can see some sings of Bullish trend.probably bulls will be looking to go long on INJ if we would see break out in the coming days.
As you can see chart above the INJ broke bearish trend line in 1W time frime but it could not to held it.
But i think it trying to break it again in coming days and aftar that i think we will see big gain and our next target located on the chart.
Happy trading
🆓Injective Protocol (INJ) Mar-13 #INJ $INJ
The buying force returned when INJ retested the $5 zone, we can expect a new rally to the $6.5 or even $10 zone in the near future.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 5$ zone
🔴Buy : 5
🔴Sell : 6.5 - 8 - 10
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 5$ zone
🔵Sell : 5
🔵Buy : 4.2
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
INJ about to fly for a second time ? Maybe.This is risky play here since the whole geopolitical situation around the world is unstable and governments are flagging imminent regulations of cryptocurrenciess so expect more volatility here. Bitcoin needs to behave too for this prediction to happen.
For the Ichimoku cloud there is the visible strength of the senkou span A ( green cloud ) trying to cross the senkou span B ( red cloud line ) as well as a big inflow of money due to the recent LUNA ecosystem hype.
Let's continue with the chikou span ( neon green line ) it illustrates us perfectly the inverse head & shoulder formation approaching what would be a 30% rise.
INJ also returned to the .25 level of the Fibonacci resistance fan which usually announces a trend reversal based on my previous analysis.
But the most important thing is the support (~1320 sats) it MUST not be broken if so we return to the previous support and probably form a double bottom on the mid-term. If it decides to break out of its current resistance we could see a 100% sooner than we might expect it to.
So it's either bullish short-term or mid-term.
** As always never forget to DYOR this is not financial advice and should be taken only as a data point needing many more so you can invest AND at the same time keep on sleeping well. ;D
If you have any questions ask them away I'll try to answer them as best as I can ! Stay safe out there and until next time take care of yourselves mates :)
INJUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price is stuck between the resistance and support zones. We can set the Buy order at the shown area for the resistance zone. The price can also come to the bottom of the support zone and then go up. Also you can open another position if the price breaks the resistance zone and stabilizes above it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
$INJ two scenarios of price behaviorThe price recently moved below the lower bolinger band, the last time this happened, the price was up more than 150%. However, now the situation is not the same as it was in the summer. Bitcoin shows negative dynamics, so the growth of INJ may be interrupted. On the other hand, the huge volumes last week inspire optimism. I see two price scenarios if bitcoin continues to fall, INJ will follow. Either the coin will show strength and go against the trend (which it already does)
The nearest resistance zone is 7.79-8.25
Support zone 5.76-6.10
🆓Injective Protocol (INJ) Jan-23 #INJ $INJ
.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 4$ zone
🔴Buy : 4
🔴Sell : 5 - 6 - 7 - 8
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 4$ zone
🔵Sell : 4
🔵Buy : 3.5
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section