Injectiveprotocol
INJ - Potential Breakout A 5 Million Tokens Burn is fundamentally good news ( tokenomics are important in crypto)
INJ could be the broker of the future, just to have an idea of what the project is all about:
Injective is an open, interoperable layer-one blockchain optimized for DeFi applications. It uniquely provides plug-and-play modules, including an order book and derivatives trading module, that make it easy for any developer to quickly launch finance applications with inherent value. Coupled with smart contracts capabilities, any developer can build complex applications with cutting-edge protocols. Built with Cosmos-SDK, Injective utilizes a Tendermint-based Proof-of-Stake (PoS) consensus mechanism to achieve instant transaction finality while sustaining lightning-fast speeds.
The current financial system is broken and too inefficient. DeFi has been promising in taking the first step towards breaking down the centralized infrastructure of the traditional exchange markets. Our mission is to take it a step further and to provide the most advanced, next-generation financial infrastructure for building DeFi applications on top of the Injective blockchain. Users can access these applications in a fully decentralized, fast, cross-chain, low-fee, and secure manner. READ MORE HERE
mY CHART SHOWS THE PRICE INA WEDGE, RUNNING OUT OF SPACE. tHAT MEANS VOLATILITY COULD BE INBOUND AND MOST LIKELY HIGHER.
Support at 1.534 and a first target at 1.85
Let's see how this goes.
One Love,
the FXPROFESSOR
INJ/USDT - LONG ----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ INJ/USDT ⚡️⚡️
Exchange: ByBit USDT
Trade Type: Regular (Long)
Leverage: Cross (3.0X)
Entry Orders:
1) 2.7955 - 33.403% ✅
2) 2.777 - 16.0%
3) 2.7646 - 16.609%
4) 2.7494 - 16.695%
5) 2.7342 - 16.603%
6) 2.719 - 16.686%
Take-Profit Orders:
1) 3.035 - 20.441%
2) 3.185 - 19.889%
3) 3.267 - 19.889%
4) 3.634 - 19.889%
5) 3.864 - 19.889%
Trailing Configuration:
Entry: Percentage (0.833%)
Take-Profit: Percentage (0.5%)
Stop: Breakeven -
Trigger: Target (1)
INJ long position for a very short-term playVery simple trade
The price consolidated above the resistance which is acting as a support now. MACD remains bullish.
You can wait for one more pullback and support retest to load up on INJ or you can buy now.
Take profit and final target for this trade are shown in the chart
INJ to potentially break out upwardsINJ has been in a 40-50% range for the past few weeks...
We are seeing higher highs....and higher lows....Its just broke out of the traditional range.....Volume got pumped.....Looking for a final back test going long and hold on... or get stopped out.
In at 1.75 ish
Stop loss at 1.50 ish
Sell target.... TBD lets see the break out happen first.
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
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
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
$FORM Formation Fi is about to correct nicelywell, patience is key
this coin might look rugged but the team behind it is really good.
This might be a good pullback to eat.
🆓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
INJ about to fly for a second time ? Maybe.This is risky play here since the whole geopolitical situation around the world is unstable and governments are flagging imminent regulations of cryptocurrenciess so expect more volatility here. Bitcoin needs to behave too for this prediction to happen.
For the Ichimoku cloud there is the visible strength of the senkou span A ( green cloud ) trying to cross the senkou span B ( red cloud line ) as well as a big inflow of money due to the recent LUNA ecosystem hype.
Let's continue with the chikou span ( neon green line ) it illustrates us perfectly the inverse head & shoulder formation approaching what would be a 30% rise.
INJ also returned to the .25 level of the Fibonacci resistance fan which usually announces a trend reversal based on my previous analysis.
But the most important thing is the support (~1320 sats) it MUST not be broken if so we return to the previous support and probably form a double bottom on the mid-term. If it decides to break out of its current resistance we could see a 100% sooner than we might expect it to.
So it's either bullish short-term or mid-term.
** As always never forget to DYOR this is not financial advice and should be taken only as a data point needing many more so you can invest AND at the same time keep on sleeping well. ;D
If you have any questions ask them away I'll try to answer them as best as I can ! Stay safe out there and until next time take care of yourselves mates :)
Oversold coin ready to take off for x3-x4 mid-termKey technical factors:
Below price cost line (Pifagor ALTS green line)
Just left the white area of ALTS Mood indicator which means the panic sell-off is over
Has smart money accumulation in last days
Adding to my portfolio at current prices. SL is under $3.5 for a case BTC goes down again.
* This is not a financial advice. Please do your own research!