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.
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 $1.60.
On October 23, INJ was strongly rejected at the 1.2$ 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...
