Injectiveprotocol
🆓Injective Protocol Analysis (14/3) #INJ $INJThe selling pressure on INJ is quite strong and what we can do is to watch how the price will react at the 11$ zone.
If there is a buying force to help INJ rebounding, we will buy it for 14$ target or even higher targets like as 17$ or 23$ zones.
But if the worse case happens when INJ loses the 11$ zone, it will come back to 7$ zone, this is really a good buy zone for the next rally
📅EVENTS
- Jun 30 : Mainnet Launch
📈BUY
-Buy: 10.7-11.3$ if A. SL if B
-Buy: 13.7-14.3$ if A. SL if B
-Buy: 16.7-17.3$ if A. SL if B
📉SELL
-Sell: 13.7-14.3$. SL if A
-Sell: 16.7-17.3$. SL if A
-Sell: 22.5-23.5$. SL if A
♻️BACK-UP
-Sell: 10.7-11.3$ if B. SL if A
-Buy: 6.8-7.2$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
[90%] INJ / USDT (LONG)Analysis :
- We still in the canal
- hidden bullish divergence ( RSI )
The Injective Protocol project is a revolutionary idea that aims to make currency exchanges completely decentralized, public operated networks. What this means is the exchange is solely operated by people who hold INJ tokens. There is no centralized governing body that enforces control over the development of the project. The Injective Protocol project officially launched via a public offering in 2020, and it was backed by names in the industry like Binance, Pantera and Hashed.
The Injective Chain is the blockchain foundation of the project. It hosts a completely decentralized order book and employs elements from the Ethereum Virtual Machine (EVM). The platform also incorporates a bi-directional token bridge, linking it to the Ethereum ecosystem.
[60%] INJ / USDT- First target : 14.4$
- Second target : 18$
Analysis :
- Bullish divergence momentum
- Descending triangle
- Falling wedge RSI
What Is Injective Protocol (INJ) ?
The Injective Protocol project is a revolutionary idea that aims to make currency exchanges completely decentralized, public operated networks. What this means is the exchange is solely operated by people who hold INJ tokens. There is no centralized governing body that enforces control over the development of the project. The Injective Protocol project officially launched via a public offering in 2020, and it was backed by names in the industry like Binance, Pantera and Hashed.
The Injective Chain is the blockchain foundation of the project. It hosts a completely decentralized order book and employs elements from the Ethereum Virtual Machine (EVM). The platform also incorporates a bi-directional token bridge, linking it to the Ethereum ecosystem.
[40%] INJ /USDT (LONG)The Injective Protocol project is a revolutionary idea that aims to make currency exchanges completely decentralized, public operated networks. What this means is the exchange is solely operated by people who hold INJ tokens. There is no centralized governing body that enforces control over the development of the project. The Injective Protocol project officially launched via a public offering in 2020, and it was backed by names in the industry like Binance, Pantera and Hashed.
The Injective Chain is the blockchain foundation of the project. It hosts a completely decentralized order book and employs elements from the Ethereum Virtual Machine (EVM). The platform also incorporates a bi-directional token bridge, linking it to the Ethereum ecosystem.
Analysis :
- We still in the canal
- hidden bullish divergence (RSI)
- Buy Zone : 14.5$ - 15$
Injective Protocol ($INJ) Update - One more push at $10 soon!Injective has finally broken out from it's larger wedge testing $10.00.
I'm now expecting the current wedge formation to breakout within the next 12 hours. INJ should clear $10 and then hit the first target of $10.20. If there is enough volume on breakout, INJ could possibly go on and hit around the $10.50 level.
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Injective Protocol $INJ to Breakout Soon 🔥Following on from it's previous breakout hitting an ATH of $11.19, I have taken another look and can see INJ is following a trendline that it has used as support since 11th January.
If you look at the previous wedge breakout, INJ is repeating the same pattern, but this time on a much larger scale.
With this in mind, I expect INJ have another massive breakout within the next 12 hours, first target being $10 and then reaching a potential high of up to $12.
Huge Bull Flag Building on $INJ - Breakout Expected Soon! 🚀Following on from it's explosive breakout reaching $11.19, $INJ is currently building an enormous bull flag with pressure building for an inevitable breakout very soon.
First target will be $10.00, but it won't stop there for long so buy under $10 whilst you can!
INJ - Injective Protocol: Feb 2021 outlookTWITTER ANNOUNCEMENT Jan 19 2021
Injective Protocol is listing on Huobi, which currently stands as one of the world’s largest cryptocurrency trading platforms by volume.
INJ is officially listing on January 19, 2021.
Initial trading pairs will include INJ/ETH, INJ/BTC, and INJ/USDT.
***
Previous chart that I published was 8 days premature but on target.
INJ keeps rolling out positive NEWS that drives its price higher.
STRONG HOLD. I am looking at $15 INJ mid February.
✳️Injective Protocol Analysis (21/1) #INJ $INJINJ is heading to $6 zone and is likely to fall deeper to $4.5 zone over the next few days. At this moment, we could not find any positive sign for INJ
📈BUY
-Buy: 6.0-6.3$. SL if B
-Buy: 4.3-4.6$. SL if B
📉SELL
-Sell: 8.6-9.0$. SL if A
-Sell: 6.0-6.3$ if B. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Is Injective Protocol a MUST-HAVE in your altcoin portfolio?Next to the $SNX, $INJ is probably the second strongest derivatives project.
Still at relatively small market cap of $136 million compared to SNX which is about 1.6 Billion $. Plenty of room to grow.
Backed by Binance and other well known investors, Layer 2 speed, unlimited markets (forex recently added) and zero gas fees.
30D vs. USD - 203%
30D vs. BTC - 98.62%
30D vs. ETH - 43.7%
Technical short term
Bull flag
0.5 Fibonacci support from the previous bull leg
1h 50MA Support
Short term targets: 12-16 while 15 being most likely.
Not a trading advice.
INJECTIVE: INJBTC headed for correction soonThis is my personal opinion about Injective protocol in the short/mid-term.
Injective has a great and active community and a great concept being built, but there are too few tokens released for this price-action to last.
There are better, similar projects that has far better potential for growth at these prices.
Although I believe INJ will definitely 5x from here compared to dollar over the long run,
I believe SWTH, a direct competitor also backed by heavy venture-capital ( Three Arrows, the biggest investor in Grayscale, the biggest crypto-fund in the world),
has a far better risk/return than INJ right now.
I also believe it to be a superior project, having released mainnet, derivatives almost done.
Anyway I'm invested in both, and of the two SWTH is my main bag for holding long term.
I think it's wise to secure profits on INJ now, and look too other projects for a while at least.
I believe we will see INJ retrace and have good buy-opportunities in the green rectangle.
But likely the major resistance in the thick yellow-line will fight back, and possibly only wicks will touch the green rectangle.
We may see it touch fib 1.618, or even two or three before this happens, and if so the correction will be even harder.
Stay safe, an happy trading!