INJ - Descending ChannelINJ has recently entered a bearishn trading channel. price managed to bounce from the lower bound but it is showing weakness in its rebound.
If the lower bound gets broken down, there is room from further downside.
if the price manages to bounce back, it will have to fend off the upper bound of the channel before confirming the upward trend. Upper bound represents a good entry point for further short position
Inj
INJ : THE MOMENT OF BREAKOUT WILL BE GREATNOV 2021 : 1 Month before the year of 2022 this coin was trending at 14 dollar, from there we did got a breakdown trend that did bring us to this area of the day.
Depending on difference studies, also the important breakout study INJ shows very huge interesting for a breakout : and it can go with some patient before it will happened that the coin will breakout, but the trend is there and depending on this study INJ should get them breakout as the important trends are done.
This is not a guaranty as there is no any guaranty into any markets. Trade safe and with the right confirmation and moments.
INJ seems on the 4H range very important for the breakout and it shows that 4% from this price action can broke the second confirmation where the trend can enter into new flow increase.
We as channel will follow this coin with them trends and we will see or it can get them effect coming time.
Lets see the how the second confirmation will be effected to ENJI when there is 4% change into uptrend
It can take some time : but it can much more effect that we have seen on MKR as it did proof before more times that this coin was able to have high breakout.
Targets
3 USD seems interesting target short term, The best possible target for this coin is 7 USD
If we get a hype trend it can return to old level 14 USD of NOV 2021
$INJ narrative play...Team speaking at CosmoVerse conference in Medellin today - Expecting large moves.
Narrative building for this across multiple accounts.
Have just seen reclaim after bouncing off the upper band resistance - has yet to break weekly.
To my mind this is a good R:R play to follow narrative. If good new - should see break of upper resistance, else comes up short and have tight SL
Enjoy....
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 $1.7
INJ/USD to the moon?The INJ/USD chart looks to be breaking up.
After more than 50 days of consolidation it appears that INJ wants to go higher.
Our plan is simple, we'll buy this break out. If the price goes back under the last low or hangs around too long under support , we'll cut the long.
We'll update here when TP or SL is hit.
Injective Protocol (INJ) formed bullish Gartley for upto 15% pumHi dear friends, hope you are well and welcome to the new trade setup of Injective Protocol (INJ)
Previously I shared a long-term trade setup for INJ, which is still in play:
Now on a 2-hour time frame, INJ has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Another candidate for pump in midtermMarket is strong bearish. All trades with alts are risky. But some coins makes big moves up. (Like UNFI, WING, OP and others)
For my opinion, INJ is one more candidate for pump in midterm.
Coin moves in accumulation range 51 day and it left it`s 442-day downtrend. Technicaly now is a good time to add it to your portfolio.
Realistic and nearest targets are in range 5-5,5$.
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