INJ is consolidating within a bullish pennant, I expect a breakout towards $4.70 region anytime soon. There is also hidden bullish divergence which further strengthens this outlook.
Injective Protocol is somehow following Fibonacci patterns precisely while in Price Discovery. What manipulation?! Anyways, what we had with rise 1, was a drop to the 61.8% line, pretty much on the dot. This bounced hard and hit the exact point of 1.618%. On the way down, this also hit the 61.8% almost exactly on the head (weird). So, here we are, about to...
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 - 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...
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 $1.60.
INJ / BTC 🌟analysis 🌟 This coin is Recently added to binance According to fibonacci next target is around 1.618 level Best buy area ...If the price retest previous support zone in chart again Good luck and happy trading 🌹
On October 23, INJ was strongly rejected at the 1.2$ 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...