INJUSD trade ideas
Im here for my weekly INJECTIVEnot really a value area, but here's another showing a complex inverse head and shoudlers after maybe a harmonic in the middle of a monster run. class c macd div. on the 4hr. if nothing else easy to manage risk and get an equitable trade targeting the high w a stop near or below the head. i'll add more here i guess
INJ Mooning?Im a beginner when it comes to analysis, but with recent news and the trend that has been going for INJ, could we see a potential 2x here?
INJ: THE Blue Chip to Own137% against BTC in 30 days,
68.2% against ETH.
Market cap is still a TINY $156 million as of writing, and will eat up all the layer 1 DEX $.
And this space is going to explode, with trust dwindling into negatives in traditional stocks, projects like these offer a solution to retail investors and more.
Investing wise if you don’t own INJ you are doing a disservice to yourself, this coin is clearly marking itself as a golden opportunity, and it’s technicals, team, and partnerships show why.
Not financial advice, just my opinion.
INJ - Injective Protocol: Feb 2021 outlookTWITTER ANNOUNCEMENT Jan 19 2021
Injective Protocol is listing on Huobi, which currently stands as one of the world’s largest cryptocurrency trading platforms by volume.
INJ is officially listing on January 19, 2021.
Initial trading pairs will include INJ/ETH, INJ/BTC, and INJ/USDT.
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Previous chart that I published was 8 days premature but on target.
INJ keeps rolling out positive NEWS that drives its price higher.
STRONG HOLD. I am looking at $15 INJ mid February.
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 - Injective ProtocolAs Ethereum and Polkadot are two of the giants in the layer-1 space today, the opportunities for cross-chain derivatives DEX are truly limitless.
Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi.
Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing.
Think $BNB, $FTT but in a niche DeFi context.
Looking to re-enter the parallel channel within 2weeks, $7.50 target.
Long term hold.
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).
INJHi, this is just for analisys purpose.
RSI is good. CMF is positive and MACD crossing down, Macd may cross up.
