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INJBTC

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.
BINANCE:INJUSDLong
by Pill_z
1
INJECTIVE: INJBTC headed for correction soonThis is my personal opinion about Injective protocol in the short/mid-term. Injective has a great and active community and a great concept being built, but there are too few tokens released for this price-action to last. There are better, similar projects that has far better potential for growth at these prices. Although I believe INJ will definitely 5x from here compared to dollar over the long run, I believe SWTH, a direct competitor also backed by heavy venture-capital ( Three Arrows, the biggest investor in Grayscale, the biggest crypto-fund in the world), has a far better risk/return than INJ right now. I also believe it to be a superior project, having released mainnet, derivatives almost done. Anyway I'm invested in both, and of the two SWTH is my main bag for holding long term. I think it's wise to secure profits on INJ now, and look too other projects for a while at least. I believe we will see INJ retrace and have good buy-opportunities in the green rectangle. But likely the major resistance in the thick yellow-line will fight back, and possibly only wicks will touch the green rectangle. We may see it touch fib 1.618, or even two or three before this happens, and if so the correction will be even harder. Stay safe, an happy trading!
by VargVemund
2
Injective Protocol (INJ) After Strong Bullish ActionLet me start by saying that we don't ever, ever trade this type of chart... We only look at charts for trading that are very low risk and BEFORE the bullish action starts. Here we have INJBTC (Injective Protocol) after really strong bullish action. Right now resistance is being faced at the 1.618 Fib. Extension level marked with a red dashed-line. Above this level, we can see additional up (green arrow). Below this level, we can see a retrace before prices continue to grow. This project looks really good. Additional details on the chart (support and resistance levels mapped with Fibs.). Remember to hit LIKE! Namaste.
by AlanSantana