inj swing~inj looks ripe for a move up
some heavy bullish divergence is being printed here on various timeframes, and after that big move up from the other day, i'm expecting some kind of follow through after shaking out some longs.
when this thing pops, it goes very quickly - and if it happens again, gotta have those sell orders set ;)
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conservative target is just below the 0.50% retracement at $10
could go a lot higher, but i'm not after the whole move.
INJUSD
Injective protocol | Market Confirmed For Higher Price Injective Protocol looking very good for a long term investment, we can see a clear market confirmation for buyers, bullish channel created and the price will move higher to build stronger confidence levels so more buyers will join.
Inverted hammer is a good bullish confirmation signal, also a bullish channel while there is a positive price action for creating 5 waves up.
The general price chart of the token also looks promising. It ranks 146 in market capitalization, which indicates the token is popular. The trading volume is also good, as it shows that the token is used often.
The future of the token is bright. The price of the token has been increasing over the months, and especially in 2021. The token is projected to maintain the upward trend even in 2022 and the coming years.
At the time of writing, the INJ price stands at $11.56.
Based on our forecasts a long-term price increase is expected to be around +375.00%.
- Our option for #INJ is BUY AND HOLD IT.
--> INJ Price Statistics
bZx Protocol Price: $11.56
Price Change 24h: $-0.4688/+04.08%
24h Low / 24h High: $11.20/$12.16
Trading Volume 24h: $31,115,658.78/-16.99%
Volume / Market Cap: 0.05954
Market Dominance: 0.02%
Market Rank: 146
Market Cap: $522,624,136.39/+3.25%
Fully Diluted Market Cap: $1,197,153,847.63/+3.25%
Yesterday's Change: +1.5%
Yesterday's Volume: $33,294,433.31
Circulating Supply: 43,655,553 INJ
Total Supply: 100,000,000 INJ
90d Low/90d High: $7.88/$16.58
Injective Protocol ROI: 2892.88%
It’s important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose.
Trading & Investing both are the master of RISK.
Please comment, like and follow if it was helpful for you.
Thank you for your time.
Have a profitable day.
| Review and analysis by Samadi.Finance |
★ INJ/USDTINJ has dropped quite a bit from its last breakout to the upside. It is still far away from most of its MAs, and the last MMR band acts as dynamic resistance for this pair. I am expecting a drop down to the 90 EMA before it bounces back up, retesting $12.85, $13.5, and $14.3 resistances on its way back up as BTC becomes more bullish, pushing the altcoin market along the way.
INJ/USDTINJ has been very volatile for its price range recently which provides good trading opportunity on this pair. Volatility is the bread and butter of a trader, without volatility you make no money in the market. With high volatility comes high risk, however, INJ has so far maintained proper S/R areas and is moving in a predictable zone. I am expecting INJ to make some sharp moves to the upside and retest price around the bottom of each of the consolidation areas which formed before the last multiple price crashes. We may expect retests at around 10.630, 11.700 and 12.450.
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.
Please like and follow if you found this idea helpful - Thanks! 🤑
**** Not Financial Advice! - Please Always DYOR ****
INJUSDT trade set up. INJUSDT is currently in a corrective structure and may likely be done for a big short trade. When you look how the drop at point 1 started you will notice a similar structure right now. As the pattern develops i will keep this idea updated, so like, comment, follow so you don't miss any update. Thank you.
✳️Injective Protocol Analysis (21/1) #INJ $INJINJ is heading to $6 zone and is likely to fall deeper to $4.5 zone over the next few days. At this moment, we could not find any positive sign for INJ
📈BUY
-Buy: 6.0-6.3$. SL if B
-Buy: 4.3-4.6$. SL if B
📉SELL
-Sell: 8.6-9.0$. SL if A
-Sell: 6.0-6.3$ if B. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
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.