★ 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.
INJUSD
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.
Injective Protcol (INJ) Cup & Handle FormationCharts don't get more bullish than this, Injective Protocol is forming what appears to be a gorgeous cup and handle formation.
If confirmed, I expect INJ to breakout from the handle and head towards $20.00.
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**** Not Financial Advice! - Please Always DYOR ****
INJUSDT trade set up. INJUSDT is currently in a corrective structure and may likely be done for a big short trade. When you look how the drop at point 1 started you will notice a similar structure right now. As the pattern develops i will keep this idea updated, so like, comment, follow so you don't miss any update. Thank you.
✳️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.
INJUSDT (Channel Breakout)#INJUSDT Technical Analysis Update
Channel Breakout
INJ/USDT currently trading at $4.80
LONG ENTRY level: $4.55 to 4.80
STOP LOSS: below 4.20$
Target 1: $5.36
Target 2: $6.50
Max leverage: 3X
ALWAYS KEEP STOP LOSS...
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