Price has been depicting a series of Higher Highs (HH) and Higher Lows (HL) inside an ascending parallel channel since the launch of this token. Price has now come to the support and if it fails to break this channel’s support line we will look for a proper entry to buy INJ. On 4H timeframe price has formed a descending triangle. We’ll look for a break and retest of either the triangle’s support or resistance line before we ascertain the direction of price.
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 token. It is the first DeFi exchange to give to launch forex trading. Injective Protocol recently added synthetics for several tech giants including Google and Facebook. Buy and hold INJ from BINANCE exchange.
@H4FxSignals, looks like we got the average of the two which is to say it's trading sideways more or less but it's good to see it holding that support.