Injective (INJ) - breaking from pennet INJ is following many other recent tokens breaking from long term Pennet. wanting to hold above key level 12 range marked for more bullish action to expected in the coming hours/days. Invalidated with daily trade and close below 10.5-11 range
Good relative volume on this token (>5), market showing interest
Profit targets marked
Inj
★ INJ/USDTINJ has dropped quite a bit from its last breakout to the upside. It is still far away from most of its MAs, and the last MMR band acts as dynamic resistance for this pair. I am expecting a drop down to the 90 EMA before it bounces back up, retesting $12.85, $13.5, and $14.3 resistances on its way back up as BTC becomes more bullish, pushing the altcoin market along the way.
INJ / USDT 1- DINJ might be on the verge of a break out
Mainnet Phase 3 : Canonical Chain upgrade for INJ on COSMOS IBC is going live in next 3 days
i feel this should pump its price up a bit
Still wait for confirmation of 12.5$ resistance to break through and put alerts at that level
Targets : 15$, 16$ and 17.8$
INJ - Future Projection SeriesIf you’ve read any of my previous “Future Projection” posts, skip down to the conclusion as these paragraphs are the same.
During the downturns in the market I spent time learning more about utilizing the charting functions in TradingView. I also watch a lot of youtube vids about crypto and charting concepts. I came across a good chunk of info on using the “log” function and what it could possible show me.
At this point in the crypto cycle, even though I feel we are nearing a parabolic stage, it is beyond the point to expect 50X or more from me or any basic Joe who “dabbles” in crypto investing. Think long term. What can I realistically (if that even exists in Crypto) expect a coin to perform in the next bull run. Well the log function gives me a level playing field to do just that.
Using the log function, I utilize a common start date as the beginning of my parallel channel. That date is the big drop Mar/20. The parallel channel runs from the bottom of the Mar/20 drop forward in time along the bottom dips. The top of the channel is the highpoint in the cycle.
NOTE for INJ: The INJ chart does not got back to Mar/20 and so the bottom of the parallel channel is estimated along lows. This also negates a Second Projection.
The first future projection is created using the green trend lines, the first from the top of the cycle peak to the bottom, and another from that lowest point up forward in time to what I estimate as the timeframe for top cycle which approximates end of Q4, and my birthday Jan/7 so thats the future date for all graphs in this series.
The second future projection takes ratio’d growth into consideration. This is done using the blue trend line which starts at the first peak after the Mar/20 drop, using the top of arcs as the guidance. I carry this line forward to Jan/7.
Conclusion; At the time I drew this one the price was $10.57
First Projection $208.17
208.17 / 10.57 = 19.7 X
Second Projection - unable due insufficient history
Now for a regular old fellow such as myself, a 19X on my money within the next few months is a good investment. It literally involves 2 trades. Timing is not a great big deal as long as you get in near 10.57 otherwise the X factors changes a lot. Timing to get out is the top of the curve. This is a day time factor. It’ll be “at the top” for days or a week. You’re not chasing a pump or a knife here, its a month(s) trade. Or a parabolic week so watch close.
I’ve done this for a lot of coins now and the results are sometimes very interesting in that, a popular coin just doesn’t have the numbers or that it really has good numbers. I found as an average I like results in the 5 or above range for the first projection and 15 or above for the second projection. If I utilize this investment concept and choose coins with similar numbers I can reasonably expect a 10-15 X overall. I’ll post a few others I find interesting for this bull run in the coming posts.
My thoughts, not advice Oklah. Cheers
🆓Injective Protocol (INJ) Oct-14 #INJ $INJINJ is moving towards 13$, 16$ and 24$ zones. But if it loses this 11$ zone, we will wait to buy it back at 9.5$ and 8$ zones
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 11$ zone
🔴Buy : 11
🔴Sell : 13 - 16 - 24
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 11$ zone
🔵Sell : 11
🔵Buy : 9.5 - 8
❓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
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
INJUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
INJ/USDTINJ has been very volatile for its price range recently which provides good trading opportunity on this pair. Volatility is the bread and butter of a trader, without volatility you make no money in the market. With high volatility comes high risk, however, INJ has so far maintained proper S/R areas and is moving in a predictable zone. I am expecting INJ to make some sharp moves to the upside and retest price around the bottom of each of the consolidation areas which formed before the last multiple price crashes. We may expect retests at around 10.630, 11.700 and 12.450.
$INJ Injective Protocol Cup & Handle formation 1D
$INJ
1D CHART
Very nice looking Cup and Handle fractal forming on $INJ!
TECHNICAL TARGET PRICE $25.00
ALL TIME HIGH just above this at $25.30 so this TP zone is a very sensible selling place!
As we are seemingly in the beginning of a nice little alt season, this should play out well 🦾
Breakout expected around the 8th to 10th September...
ENTRY and STOP LOSS
Entry within the box labelled ENTRY ($14.90 - $16.00) - wait until we have breached the neckline and retested before buying in. Stop loss set between $14.20 - $13.15.
PLEASE NOTE
Always pay attention to the BTC chart when you buy in and make sure we are not at risk of dumping so that you can protect your capital.
It is also worth noting that this same cup and handle and rounded bottom pattern can be found on quite a few alts because of the May crash, so keep your eyes peeled for more potential beauties like this 💫
Trade safe guys,
PumpeyeTheTraderMan and Team Crypto Society ❤️
Injective Protocol (INJ) Bull Flag Breakout s👀n! 🚀Injective has been consolidating within a bull flag formation for some days now, of which looks to be almost completed.
On breakout, which will be very soon, I'm anticipating INJ to make an explosive move soon towards the first of my two targets, a cool 25% from current position. 👍🏻
NFA & DYOR - Please like and follow if you found this idea helpful - Thanks! 🤑
Another pump and dump on INJ. Its most visible on the one minute chart when you look at the volume. This happens to most mid caps but INJ seems to get hit the most. Lots of orderbook spoofing on it too. Even more reason to scale into coins like this rather than an outright purchase.
I am Bullish on INJ for fundamental reasons over the next 2.5 months.