Injectiveprotocol
Injective Protocol UptrendTaking another look at Injective Protocol after weeks of accumulation, I now reasonably confident that INJ will remain in an uptrend and go on to target $20.00 and then $25.00 respectively.
A daily close below trendline will invalidate this idea.
Not financial advice and please always do your own research (DYOR) - Like and follow if you found this idea helpful - Thanks! 🤑
🆓Injective Protocol Analysis (14/3) #INJ $INJThe selling pressure on INJ is quite strong and what we can do is to watch how the price will react at the 11$ zone.
If there is a buying force to help INJ rebounding, we will buy it for 14$ target or even higher targets like as 17$ or 23$ zones.
But if the worse case happens when INJ loses the 11$ zone, it will come back to 7$ zone, this is really a good buy zone for the next rally
📅EVENTS
- Jun 30 : Mainnet Launch
📈BUY
-Buy: 10.7-11.3$ if A. SL if B
-Buy: 13.7-14.3$ if A. SL if B
-Buy: 16.7-17.3$ if A. SL if B
📉SELL
-Sell: 13.7-14.3$. SL if A
-Sell: 16.7-17.3$. SL if A
-Sell: 22.5-23.5$. SL if A
♻️BACK-UP
-Sell: 10.7-11.3$ if B. SL if A
-Buy: 6.8-7.2$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
[90%] INJ / USDT (LONG)Analysis :
- We still in the canal
- hidden bullish divergence ( RSI )
The Injective Protocol project is a revolutionary idea that aims to make currency exchanges completely decentralized, public operated networks. What this means is the exchange is solely operated by people who hold INJ tokens. There is no centralized governing body that enforces control over the development of the project. The Injective Protocol project officially launched via a public offering in 2020, and it was backed by names in the industry like Binance, Pantera and Hashed.
The Injective Chain is the blockchain foundation of the project. It hosts a completely decentralized order book and employs elements from the Ethereum Virtual Machine (EVM). The platform also incorporates a bi-directional token bridge, linking it to the Ethereum ecosystem.
[60%] INJ / USDT- First target : 14.4$
- Second target : 18$
Analysis :
- Bullish divergence momentum
- Descending triangle
- Falling wedge RSI
What 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.
[40%] INJ /USDT (LONG)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.
Analysis :
- We still in the canal
- hidden bullish divergence (RSI)
- Buy Zone : 14.5$ - 15$
Injective Protocol ($INJ) Update - One more push at $10 soon!Injective has finally broken out from it's larger wedge testing $10.00.
I'm now expecting the current wedge formation to breakout within the next 12 hours. INJ should clear $10 and then hit the first target of $10.20. If there is enough volume on breakout, INJ could possibly go on and hit around the $10.50 level.
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Injective Protocol $INJ to Breakout Soon 🔥Following on from it's previous breakout hitting an ATH of $11.19, I have taken another look and can see INJ is following a trendline that it has used as support since 11th January.
If you look at the previous wedge breakout, INJ is repeating the same pattern, but this time on a much larger scale.
With this in mind, I expect INJ have another massive breakout within the next 12 hours, first target being $10 and then reaching a potential high of up to $12.
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!