INJ/BTC Finishing a 3-Dive Pattern - Going on Up!Hello Traders,
Looks like we are getting ready to finish a three dive pattern on the chart.
I believe we will come back and test the 0% on the Fib chart and bounce off, to continue our uptrend. Also, touched the 25% range on the MFI.
I have my buy orders set around 2300 - 2290 SATs.
First, take profit after purchase will be around 32% gains.
Good luck!
INJUSDT
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.
INJ/USD - Incoming Break- Watching for the next few hours. Still looking for further gains on INJ.
Chance for breakout in the next few hours.
Potential entry on Break/Retest but my thoughts are if this goes, it'll go quick.
Possible rejection and slow drift towards lower support but I don't think we will get the $5 entry we'd like.
Next few hours will be telling.
As always not financial advice,
Just my thoughts and TA.
Bingaz.
INJ - Injective ProtocolAs Ethereum and Polkadot are two of the giants in the layer-1 space today, the opportunities for cross-chain derivatives DEX are truly limitless.
Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi.
Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing.
Think $BNB, $FTT but in a niche DeFi context.
Looking to re-enter the parallel channel within 2weeks, $7.50 target.
Long term hold.
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...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.
INJUSDT TRADING PLAN; POSSIBLE LONG OPPURTUNITYInjective protocol has shown huge moves to the upside in December. It has currently pulled back around 28% from its high, and are now at strong horizontal/trendline support. Price is currently holding the 3.9 support level, and if it makes a higher high on the 4hour, we got ourselves a good entry!
When you enter the trade; Take some profit at the resistance (4.8), and put stop loss at break even. Let 70-80% of your position ride!
Stop loss below at around 3.8.
INJ New ATH Looking Very BullishBINANCE:INJUSDT
Just some charting I've been doing for INJ while anticipating a new ATH and we broke through upper resistance level today.
Will have to wait for few daily candle closes to see where it will find strong support.
It's been pumping very nicely and recently shown lots of bullish uptrend.
We can expect some major pullback very soon as well (profit taking) and dip down 1 or 2 lower support levels (good entry/accumulate zones- guys don't be too greedy with position size).
It seems it will continue in a upward trend building volume & support along the way. As you can see, trend lines are flowing perfectly. R/S lines are matching FIB lines really well.
We've reached a new ATH today and from my charting, it seems we're going for a higher ATH very soon, maybe couple of hours or days.
I would Target ~$2.10-$2.20 as a safe new ATH where 3 trend lines intersect. Good for profit taking before any pullbacks. I do foresee lots of resistance there and lots of profit taking leading to a big dip then consolidating and starting to climb back up to upper FIB lines.
Let me know what you guys think, feedback and support is always appreciated.
Happy Trading.
Thanks.
Cheers 🥂