Very nice looking Cup and Handle fractal forming on $INJ!
TECHNICAL TARGET PRICE $25.00
ALL TIME HIGH just above this at $25.30 so this TP zone is a very sensible selling place!
As we are seemingly in the beginning of a nice little alt season, this should play out well 🦾
Breakout expected around the 8th...
Injective has been consolidating within a bull flag formation for some days now, of which looks to be almost completed.
On breakout, which will be very soon, I'm anticipating INJ to make an explosive move soon towards the first of my two targets, a cool 25% from current position. 👍🏻
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DOT has some clear hidden bullish divergence on the RSI. Notice the higher low on the Daily candles and trading inside the Golden Pocket suggest some major upside is about to occur in DOT.
DOT is currently trading inside the 0.5 and 0.618 Fib Retracement (Golden Pocket) and is the perfect time to start accumulating.
The Technicals on the hourly are also strong...
Injective Protocal 16.73usdt
Max Supply 100 M INJ
Circulating 24 M (24% of 100%)
This is my view on this Coin.
Please, Don't Forget subscribe, i Will be aded more coins - soon.
Profits to everyone!
Bounced off the trend line, i expect some kind of upside movement. Good team, and strong project fundamentals, it should grow a lot in 2021 imho.
Entry: $18-$20 range
TP1: $24-$25 range (+25%)
TP2: $28-$32, depends on how much time it takes to reach the upper trend line.
INJ has hit 2 of my targets with good alignment with the fib extensions.
I'm now looking for the next entrance and this level makes sense as we have a strong fib level along with the supporting trend line and price has dropped significantly in recent times.
This can act as a cradle.
Looking at the 4 hrly chart, I'm looking for a bulliish candle that...
INJUSDT and INJBTC look very solid. INJ, AXS & ALPHA all came about the same period on Binance and they were some IEOs that have done very very well. I won't go deep into the fundamentals of the project but I really like the concept and the fact that they are doing lots of things to expand across different chains and bring in many innovative projects. ALPHA was...
What Is Injective Protocol (INJ) ?
The 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 tokens. There is no centralized governing body that enforces control over the development of the project. The...
Charts don't get more bullish than this, Injective Protocol is forming what appears to be a gorgeous cup and handle formation.
If confirmed, I expect INJ to breakout from the handle and head towards $20.00.
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**** Not Financial Advice! - Please Always DYOR ****