Injective Protcol (INJ) Cup & Handle FormationCharts don't get more bullish than this, Injective Protocol is forming what appears to be a gorgeous cup and handle formation.
If confirmed, I expect INJ to breakout from the handle and head towards $20.00.
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**** Not Financial Advice! - Please Always DYOR ****
Injectiveprotocol
[30%] INJ / USDTWhat Is Injective Protocol (INJ) ?
The Injective Protocol project is a revolutionary idea that aims to make currency exchanges completely decentralized, public operated networks. What this means is the exchange is solely operated by people who hold INJ tokens. There is no centralized governing body that enforces control over the development of the project. The Injective Protocol project officially launched via a public offering in 2020, and it was backed by names in the industry like Binance, Pantera and Hashed.
The Injective Chain is the blockchain foundation of the project. It hosts a completely decentralized order book and employs elements from the Ethereum Virtual Machine (EVM). The platform also incorporates a bi-directional token bridge, linking it to the Ethereum ecosystem.
LIT/USDT Update: Partnering with Injetive Protocol. 50$ is nextLitentry still did not move since it's listing on Binance.
We now broke out of the purple flag and try to use the yellow line as trampoline.
Litentry still seems the only real contender for Identification along the blockchain industry.
At some point we have to be able to use identification if need be.
Since we are so bullish on LIT we have to put our new target to 50$
But don't hesitate to take partial profit on the way.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
INJ Flag Pattern + Good Funda : TP1 IS $17.8 (60% GAIN)
Injective Protocol is an interesting project with solid Fundamental and now TA is very interesting as well
Forming a Flag Pattern and had a healthy Retest in $10 area Support Zone (Yellow Box)
very Good Buying opportunity due to very small risk!
TPs: $17.8 (TP1) / 26.15 (TP2)
STOPLOSS: Daily Candle Closing Below Yellow Box (Very Good Risk/Reward Ratio)
NOTE: Targets are NOT FIXED Points BUT areas So don't get Obsessed with A exact Price (like $17.8) to secure profit
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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