INJECTIVE PROTOCOL $INJ; Distributution is about to complete.INJECTIVE PROTOCOL (INJ) had a immense impulse out of the accumulation range. Now there are clear visible signs of weakness and rejection from weekly HTF resistance. At this confluence, moonboys are calling for three digits $INJ whereas I am conservatively looking for yearly open. The chart shows perfect example of a classic textbook wyckoff distribution schematic so I will follow it. THE BIG SHORT!
Injectiveprotocol
INJ/USDTINJ one of the stronger alts today but still think it's going much lower.
I can see a Double Top forming on HTF just needs a confirmation below $3.
In this LTF trade I'm waiting for price to go under $3.61 again, that would be a deviation of the LTF Mid Range and my trigger to short it.
First target is Range Low at $3. That is a big level for INJ. After that Goblin town.
Follow, like the idea and feel free to leave a comment.
Check out other ideas if you like this one.
Short INJ vs USDTINJ is looking like it's forming a Double top pattern here on a Higher time frame chart.
The Double top will be confirmed if it turns $3 from support to resistance and that will be my 1st Target, 2nd Target Mid Range.
I'm not rulling out a one more push into the 4H block so I'm slowly scaling in, wrong if we see acceptence above $3.75.
As I said before, all bounces are for shorting until proven otheriwise.
Follow, like the idea and feel free to leave a comment if you like it.
Check out other ideas if you like this one.
Injective Protocol (INJ) formed Gartley for upto 22.50% rallyHi dear friends, hope you are well and welcome to the new trade setup of Injective Protocol (INJ)
In previous trade setup, the priceline of INJ was moved slightly moved down than buying zone, however, recovered soon and pumped more than 19%.
Now this time on a daily time frame, INJ has formed a bullish Gartley pattern for another bullish reversal move soon.
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
INJ/USDT. #inj/usdt flipped above the neckline of double bottom formation on 1D chart👀
Want to see a fixation now for the bullish case✈️
BitVero Crypto Academy.
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
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. --
-------------------------------------------------------
⚡️⚡️ 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