Inj
Fundamental analysis of the Injective cryptocurrencyGiven the scores obtained from our fundamental analysis of the Injective cryptocurrency, the project shows significant potential as a cryptocurrency investment. It demonstrates robustness in several areas, particularly in social and media presence, ecosystem development, and partners and investors. However, it must address certain challenges, including bolstering its software developer team and enhancing token utility within its ecosystem, to further increase its investment appeal. Despite these areas of improvement, the risk associated with the Injective cryptocurrency seems to be outweighed by its potential. It represents a sound project in the burgeoning DeFi space, offering promising opportunities for investors who are prepared to navigate the typical risks associated with crypto investments.
SOCIAL & MASS MEDIA: Score 8.7 out of 10
AUDIT & SECURITY: Score 7.11 out of 10
TOKENOMICS: Score 7.45 out of 10
ECOSYSTEM DEVELOPMENT: Score 8.1 out of 10
TEAM & DEVELOPERS: Score 6.8 out of 10
PRODUCT & UTILITY: Score 7.9 out of 10
PARTNERS & INVESTORS: Score 8.85 out of 10
Overall Score 7.90
INJ INJECTIVE EW COUNT with targetsINJective Protocol
had massive rally, reached target zone for wave 4 retracement levels of 0.236-0.382.
Can it go much higher? Possible but less favorable.
Fib Extension targets were also hit on both calculations, so its best to favor upside as limited.
Wave 4 * can * retrace to a maximum of 0.5 fib before the count can be considered as invalid.
For now, we're keeping the count as is until markets show us the count is invalid.
Favoring current high as wave (iii) of wave (iii) in a large degree ABC corrective rally.
Suspecting volatility on both sides similar to Feb with a move lower into a move higher before a larger pullback into a final pump higher to complete the wave (v) of wave C (projection NOT absolutes). However it can also be viewed as completed since it retraced to the targets as mentioned. Its not a long entry, but will be looking to short it once market gives a more clear view and entry. Will keep the count updated and post it when candles print. The key areas to look for are mentioned and the idea we're looking for has been explained, so if you can make sense of it keep an eye on the prize.
We will have to see how it plays out. A large pullback can be a great opportunity to scalp some profits; a retest of the highs should be coming soon enough.
We will patiently await to see what the markets decide over next few days/weeks going into the month of "sell in May, then go away"
If you like my charts, please feel free to share, comment and click like to show support.
Thanks and happy trading,
Cheers
INJUSDT on the riseThe move on this one has been pretty impressive. The price blasted through the monthly resistance MR1 on this move up and reached its all time high value. I believe it has a lot of potential to go further up. One should look for a good entry on this one for high time frame trade. Weekly support WS1 can be a good entry point in case we get that. For smaller time frame trades, we will discuss that in a separate post.
Injective INJ price is preparing to be first to surprise everyonWhile most altcoins are still thinking about whether or not to repeat the growth in the BTCUSDT price, INJ buyers have already answered this question.
The INJUSDT price has broken up of the corrective bullish flag, and consolidating above it, and is starting a new wave of growth.
In our opinion, "the round figure" $20 is an excellent medium-term target for the growth of the Injective token price
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Near to resistance 19$ (INJ)❤️❤️Thanks for boosting 🚀 and supporting us!
📈At the moment when we approach resistance, according to price action, we expect 80% return from support and resistance.
📊 (-sell) : 19.106
🔴 Stop Loss : 20.069
🎯 Take Profit : 17.55 - 16.65 - 15.162
🔗 For more communication with us, send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
INJ injective bearish 🐻 analysis ⏰I am expecting bearish 🐻 on BINANCE:INJUSD
Invalid 📌 above $16 day above
👀 R.s.i reaching over sold // bearish divergence
👀 Parallel channel 📌 formation
+
$12-14 expecting rejection towards $7.5-8.9
If parallel channel was broken 🤣 $2-6 💔😂
Don't hate if u ar fan 😂 of BINANCE:INJUSDT just market 😜 is all about bull 🐂 and bear 🐻
$12-14 >> $7.5-8.9 // worst case 📌 below $6.8 >> $2-6
3 ENTRY ON DIFFRENT LEVEL*-Technical Analysis 📈
break from high CH = move to 16.60$
*Trade (Buy) 📊
13.877$
*-Stop Loss 🔴
3 level
*-Take Profit 🎯
14.70$ - 16.60$
*-Risk Management 🚧
3-5%
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencie
#INJ#INJ
According to HTF chart (M, 6M) I highlighted important support level, for continuation of the uptrend until 21.53$, at around 14.4 - 13.4$
As long as the coin above it, there is the chance to go higher and make a new ATH (1.)
Breaking below “monthly support” level, or 13.415$ will drop the coin until 10 - 9$, where the coin may find the support (2.)
Currently, important to look at Weekly close. I think there will be correction until 14.4 - 13.4$ on Lower Time Frames.
If the coin manages to close with the D candle above resistance or 16.764$, in this case it will continue its uptrend without correction until 20 - 21.53$
INJ tends to riseFrom where I entered "START" on the chart, the INJ climbing structure has started. The structure is a diametrical (or symmetrical). On our chart, there is a large liquidity pool, which I have shown with the symbol $$$.
If we have a diametrical (diametric corrective branches are 7), there will be only one G wave, which by removing the liquidity pool and hitting the specified supply, the upward structure can be finished and inj will enter the corrective phase.
This is just an idea and you should do the necessary checks to get a position and then enter the position with capital management and stop setting.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
INJ High time frameIn the lead up to the next bullrun now is a good time to research into strong projects that will look to out-perform BTC over the duration of the cycle.
L1's are a large part of the cryptocurrency market with ETHEREUM being the leading L1 altcoin, a coin with a market cap of ~220B, due to diminishing returns with every cycle investing in projects that have yet to grow to this level offer a higher ceiling for potential gains.
One of those L1's is INJECTIVE, an L1 that currently sits at approximately half its ATH set in May of 2021. A POS blockchain "built for finance" based on the COSMOS SDK able to facilitate cross chain transactions with other major L1's.
Looking at competing L1's like SOLANA where it has an ATH of $260, an almost 8x from current price. This naturally brings on more sell side pressure as people that are still underwater from the previous cycle and are inclined to sell at break even as soon as price reaches that level. This will be the case all the way up to all time high.
However, for INJ once it breaks it's previous ATH there is no sell side pressure as everybody is in profit every time a new ATH is made. This then snowballs into brand new territory, retail likes to FOMO in and smart money takes their profits.
When looking at the last bullrun, CORDANO reached a total market cap of ~110B, if INJ was to do the same it would mean a price of $1100/INJ. Not saying this is going to happen but stranger things have happened.
Very exciting prospect and definitely a project I am anticipating to be one of the best performing in 2024-2025.
INJ/USDT Technical Analysis OverviewINJ/USDT Price Outlook:
INJ has already seen massive gains during this bear market, doing a 10x before the start of the new bull run.
It just broke out of a bullish pennant pattern, signaling a continuation of the uptrend per the technical chart.
The initial price target is around $20.
I'd expect a minor retracement back to ~$9 first to retest the former resistance level.
This would provide a solid buy zone right before the next leg up.
With the bullish pennant breakout, if INJ holds support above $9, the technical analysis points to strong upside potential against USDT.
#INJ/BTC 1D (Binance) Symmetrical triangle breakoutInjective Protocol is out-performing the crypto market after printing that morning star deviation.
Looks good for bullish continuation in sats, probably after pulling back to 100EMA support.
⚡️⚡️ #INJ/BTC ⚡️⚡️
Exchanges: Binance
Signal Type: Regular (Long)
Amount: 6.5%
Current Price:
0.0002916
Entry Targets:
1) 0.0002705
Take-Profit Targets:
1) 0.0003529
Stop Targets:
1) 0.0002292
Published By: @Zblaba
CRYPTOCAP:INJ #INJBTC #Injective #AI #Web3
Risk/Reward= 1:2
Expected Profit= +30.5%
Possible Loss= -15.3%
Estimated Gaintime= 1 month
injective.com
Medium- or long-term trade #6 for Injective INJ priceIt seems to us that the price chart of INJUSDT shows a continuation of "the Cup and Handle" trend pattern.
Accordingly, the following conditions for medium- or long-term trading are valid and applicable:
Enter = 6,56
Stop = 6,19 ( - 5.6%)
TP = 11,34 ( + 72.9%)
P/L ratio = 12.9
We allocate $10,000 for this trade
In the event of a mistake, we will lose $564
If the trade will success, we will receive a profit of $7287
What do you think about this trade, and what is your vision? Write about it in the comments!
Why INJBTC Is a Top Buy Option Right NowINJBTC is currently one of the most robust BTC pairs, making it a prime candidate for a "buy option." Our analysis strongly supports a long position, with compelling reasons for expecting an ongoing uptrend.
This optimism stems from INJ's consistent adherence to the uptrend trendline, complemented by a clearly discernible pattern of higher highs and higher lows on the daily timeframe. These factors affirm the validity of the uptrend.
The recent rebound from the uptrend trendline is precisely the kind of price action we've been eagerly awaiting. We even offer instruction on this strategy for those interested.