POSSIBLE SCENARIO FOR INJECTIVE PROTOCOL !!!INJ IS A VERY GOOD INVESTMENT FOR LONG TERM! RIGHT NOW IS ACCUMULATING AND THIS IS A POSSIBLE SCENARIO FOR NEXT DAYS-WEEKS.
Injective
Analysis combo $INJ $REEF $HNT $DGB $STRAX #1In this video I go through several coins which I think have some interesting prospects. This is the first video from a mini series I will do where I cover different coins, bullish or bearish and give you my honest fundamental and technical opinions.
Injective has the cleanest and strongest trend out there!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 the early bloomer, INJ initially was strong but then started lagging massively. It never got frothy or exuberant.
Essentially INJ has been going stairs up and eventually will take the elevator up too. I do believe eventually the trend will accelerate rather than slow down. Both BTC and USDT charts look extremely promising and from here the price could easily double or triple. Yes in the meantime we might get a fairly strong dip, but after that I believe the pump will be epic.
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Injective Protocol UptrendTaking another look at Injective Protocol after weeks of accumulation, I now reasonably confident that INJ will remain in an uptrend and go on to target $20.00 and then $25.00 respectively.
A daily close below trendline will invalidate this idea.
Not financial advice and please always do your own research (DYOR) - Like and follow if you found this idea helpful - Thanks! 🤑
INJ- Great protocol INJ could be the broker of the future.
Technically the price has checked and rebounded on previous resistance/new support.
BE AWARE GUYS!!!! INJECTIVE PROTOCOL can explode very soonBE AWARE GUYS!!!! INJECTIVE PROTOCOL can explode very soon
Injective Protocol / BNBThis may not appear to be the best looking chart, but fundamentally it's a great idea. Injective Protocol (INJ) had a lot of success early on, as it offers a service to the blockchain industry as a whole. Its value is in its technology. Where impossible before, a decentralized exchange can now properly document liquidity of assets, and we can get a more accurate reading of prices per DEX now. Cross Chain Dex became a reality shortly after. INJ has a lot to offer in the derivatives field too.
So what's with the chart? BNB is the more famous of the two, as Binance Smart Chain smartly both laid out their marketing campaign, and attacked Ethereums high gas fees, drawing global attention.
2 things are about to happen that will help shape this trade:
1) Ethereums gas fees will reduce as Ethereum implements their controversial restrictions on earning specific mining fees, which actually benefits the traders in this case. This will draw some traders away from BNB back to Ethereum as they chase their gains.
2) Injective Protocol is going to release their Mainnet.
INJ has been hovering around the $12 USD mark after blasting up to $20 from $0.67. This represents a temporary profit taking, and will be traded again at high velocity. Fundamentally, I am behind this trade.
Injective Protocol ($INJ) Inverse Head & Shoulders IdeaINJ is plotting what appears to be an inverse head and shoulders. If this pattern plays out, INJ should be passing $10 very soon.
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INJECTIVE: INJBTC headed for correction soonThis is my personal opinion about Injective protocol in the short/mid-term.
Injective has a great and active community and a great concept being built, but there are too few tokens released for this price-action to last.
There are better, similar projects that has far better potential for growth at these prices.
Although I believe INJ will definitely 5x from here compared to dollar over the long run,
I believe SWTH, a direct competitor also backed by heavy venture-capital ( Three Arrows, the biggest investor in Grayscale, the biggest crypto-fund in the world),
has a far better risk/return than INJ right now.
I also believe it to be a superior project, having released mainnet, derivatives almost done.
Anyway I'm invested in both, and of the two SWTH is my main bag for holding long term.
I think it's wise to secure profits on INJ now, and look too other projects for a while at least.
I believe we will see INJ retrace and have good buy-opportunities in the green rectangle.
But likely the major resistance in the thick yellow-line will fight back, and possibly only wicks will touch the green rectangle.
We may see it touch fib 1.618, or even two or three before this happens, and if so the correction will be even harder.
Stay safe, an happy trading!
Injective set to breakout and create new ATH very soon!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 - 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).
