$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
I 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!
I'm super bullish and a breakout above the channel will propel INJ towards $3 in the not too distant future! At the time of posting, $1.90 is the base with 2.50 being top of channel.
Let 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...
$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
INJ - 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...
Ref. G.Chart Hi If your familiar with chart structure, this is a good buy signal. Refer to the Bump and Run strategy. The lead in trend line was tested and looks good. BTC is likely also to go up from here (70% chance). Ensure you place your stop loss in the right places. All the best, S.SAri. INJ.BTC pairing BTC USDT
INJ has hit a new ATH in past hour, albeit by 0.49c but the key thing here is that $1.40 resistance has now flipped to support. With this new support level, I would expect for the next upper resistance level to be around $1.60.
Currently INJ is plotting a head and shoulders pattern, I expect it to re-trace to around 0.80 in coming days if the pattern plays out.
INJ / BTC 🌟analysis 🌟 This coin is Recently added to binance According to fibonacci next target is around 1.618 level Best buy area ...If the price retest previous support zone in chart again Good luck and happy trading 🌹
On October 23, INJ was strongly rejected at the 1.2$ zone and there is certainly strong selling that could push INJ back to the support just formed at 0.9$ or deeper If the 1.2$ zone is broken, INJ will easily move up to the 1.7$ zone 📈BUY- LONG -Buy close to 0.9-0.95$, stoploss if B 📉SELL-SHORT -Sell: 1.15-1.2$, stoploss if A -Sell: 1.7-1.75$, stoploss if...