Inj
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.
INJ/USD - Incoming Break- Watching for the next few hours. Still looking for further gains on INJ.
Chance for breakout in the next few hours.
Potential entry on Break/Retest but my thoughts are if this goes, it'll go quick.
Possible rejection and slow drift towards lower support but I don't think we will get the $5 entry we'd like.
Next few hours will be telling.
As always not financial advice,
Just my thoughts and TA.
Bingaz.
INJUSDT (Channel Breakout)#INJUSDT Technical Analysis Update
Channel Breakout
INJ/USDT currently trading at $4.80
LONG ENTRY level: $4.55 to 4.80
STOP LOSS: below 4.20$
Target 1: $5.36
Target 2: $6.50
Max leverage: 3X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.
Injective Protocol - TargetsInjective Protocol might be accumulating to get ready for a significant increase. We have watched this coin since .67 all the way to over $4.00.
Recently we saw a rise and fall down to the 50% fib ratio (again), and I believe this 3rd wave will play similar to the previous rises. We are looking at (for starters) hitting $5.50 - $6.57, We should see some resistance in this area and I believe people will be cashing out. This should generate enough interest in the project for more wallets to be created simultaneously, which is why I think we could be hitting the $8-$10 range within a month or so.
This all depends on NEWS, this is in price discovery, and traditional analysis does not always apply (unless someone is heavily manipulating it).
What is your Watch List for Crypto? Here is Mine 20201213What is your Watch List for Crypto? Here is my 3nd List, for the previous list please check the following Link.
List: XLM, ARDR,WINK,STRAX,MKR,INIJ,HARD,CVC
Welcome to share your Watch List in the comments.
I will share more coins, welcome to follow.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
$INJ, On price discovery since volume started flowing in again..$INJ
On price discovery since volume started flowing in again..
Testing 13k where seems to find some resistance (confluence w/ Fib level..)
UCTS signalling bullishness across the board, so it may hit higher targets (~16k ?)
Only a moonbag on this trade from previous setup
#INJ
Keep it simple! INJ trends upI often see too many traders focusing on fancy complicated indicators, highly theoretical charting patterns and methods that are just in the air for interpretation... Keep it simple guys, trends, supports and resistances. Price action is the core of what we really need, made a buy of INJ at 100k sats because it was trending up, and fell on support. Thats it!
Injective Protocol (INJ) After Strong Bullish ActionLet me start by saying that we don't ever, ever trade this type of chart... We only look at charts for trading that are very low risk and BEFORE the bullish action starts.
Here we have INJBTC (Injective Protocol) after really strong bullish action.
Right now resistance is being faced at the 1.618 Fib. Extension level marked with a red dashed-line.
Above this level, we can see additional up (green arrow).
Below this level, we can see a retrace before prices continue to grow.
This project looks really good.
Additional details on the chart (support and resistance levels mapped with Fibs.).
Remember to hit LIKE!
Namaste.
$INJ, Trying to break out from known range into price discovery.$INJ
Many alts pumping today...
Trying to break out from known range into price discovery..
UCTS 1D buy flashing as 12H is already 20%+
Volume not that strong so aiming for a flip at current level as entry could be safer // Fibs levels as potential levels to watch
#INJ
Injective Protocol - Hot ICO AlertINJ - Injective Protocol - is one of what I think as the top ICO this year. Graph Protocol (another favorite) will utilize the Injective Protocol, as will Polkadot and many other networks. I purchased this one at $.70, and I am not sure why I waited this long to post it, but probably because I wanted to show a valid uptrend.
After hitting $1.30 today, INJ shows it has what we are looking for. A new concept that blockchains will not be able to live without, and a top performing ICO. You can purchase INJ through Uniswap, if you use Meta Mask. Be VERY Careful to use the RIGHT Contract Address.. There are many scams out there. You can get it off their website I believe.
Currently on the 4HR, we have a breakout from the Keltner Channel, so we should see some consolidation, time your buy-in, because this should continue the pace. Notice it is following the DEFI trend up an upwards breakout right now, but at a faster pace. This has a lot more adoption than most other coins from the start.
Here is what is making them so hyped, they work with a variety of ecosystems including Chainlink, where they are using Chainlink Pricing to settle Dcentralized Derivatives.
medium.com
Take a look at their partnerships, they are partnered up with some of the biggest names. Helping Polkadot integrate its cross-chain capabilities, helping Chainlink, Elrond, KAVA, Fronteir, DIA, Orion and more.
So, it looks good, its hyped enough, the momentum is there.. Will it be continuously adopted? We will see, right now its being used as collateral instead of stablecoins backing derivatives, and eventually it will be used as a staking / liquidity pool token.
docs.injectiveprotocol.com
medium.com