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$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 ❤️
Long
by BiloCrypto
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INJ buy levelThe 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.
Long
by Skinwah
INJ.USDT (Y21.P2.E1).Another try.StalkingHi All, INJ has hit 2 of my targets with good alignment with the fib extensions. I'm now looking for the next entrance and this level makes sense as we have a strong fib level along with the supporting trend line and price has dropped significantly in recent times. This can act as a cradle. Looking at the 4 hrly chart, I'm looking for a bulliish candle that passes $21.50 and we have the WT signal cross over. All the best, S.SAri Macro overview s3.tradingview.com
Long
by ssari
INJ / USDTWhat Is Injective Protocol (INJ) ? The Injective Protocol project is a revolutionary idea that aims to make currency exchanges completely decentralized, public operated networks. What this means is the exchange is solely operated by people who hold INJ tokens. There is no centralized governing body that enforces control over the development of the project. The Injective Protocol project officially launched via a public offering in 2020, and it was backed by names in the industry like Binance, Pantera and Hashed. The Injective Chain is the blockchain foundation of the project. It hosts a completely decentralized order book and employs elements from the Ethereum Virtual Machine (EVM). The platform also incorporates a bi-directional token bridge, linking it to the Ethereum ecosystem.
Long
by HolderYoda
INJ road to 100$-500$ Long termWhy I like INJ The use cases intended for INJ include but are not limited to: protocol governance, exchange fee value capture, derivative collateralization, liquidity mining, and staking. Further details regarding each of these use cases can be found below. Protocol Governance: The INJ token can be used to govern various components of Injective's sidechain including the futures protocol, exchange parameters and protocol upgrades via a DAO structure. Exchange Fee Value Capture: After the relayer reward distribution, the exchange fee will undergo an on-chain buy-back-and-burn event to accrue value for INJ. Collateral Backing for Derivatives: INJ will be utilized as an alternative to stablecoins as margin and collateral for Injective's derivatives markets. In some futures markets, INJ can also be used for collateral backing or insurance pool staking where stakers can earn interest on their locked tokens. Exchange Participation Incentives: The foundation plans to incorporate a liquidity mining scheme and distribute a fixed number of INJ tokens daily weighted by the liquidity each network participant provides. Tendermint-based Proof-of-Stake (PoS) Security: To ensure the security of Injective's sidechain, Injective will incentivize nodes to stake INJ and participate in the sidechain's network consensus with block rewards. Not to mention all the recent investor activity and huge amounts of partnerships, to gain what I think will be a good foundation of users on launch. blog.injectiveprotocol.com
Long
by ReggieKrypto