INJECTIVE - INJ/USDT - 15 min. - Technical analysis published on 02/17/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
6%
61%
33%
My opinion
Bearish under 34.62 USDT
My targets
33.24 USDT (-2.66%)
31.98 USDT (-6.35%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on INJECTIVE - INJ/USDT as long as the price remains well below 34.62 USDT. The sellers' bearish objective is set at 33.24 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 31.98 USDT. In case of crossing, the next objective would be the support located at 30.60 USDT.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.4
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This analysis was given by Matei21. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INJECTIVE - INJ/USDT price is 34.15 USDT. On the day, this instrument lost -1.01% with the lowest point at 33.52 USDT and the highest point at 35.82 USDT. The deviation from the price is +1.88% for the low point and -4.66% for the high point.33.52
35.82
34.15
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of INJECTIVE - INJ/USDT in 15 min. shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 15 minutes
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 31.20 | 32.47 | 33.40 | 34.15 | 34.17 | 34.53 | 35.62 |
| Change (%) | -8.64% | -4.92% | -2.20% | - | +0.06% | +1.11% | +4.30% |
| Change | -2.95 | -1.68 | -0.75 | - | +0.02 | +0.38 | +1.47 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.60 | 31.98 | 33.24 | 34.62 | 35.88 | 37.26 | 38.52 |
| Camarilla | 33.77 | 34.02 | 34.26 | 34.50 | 34.74 | 34.98 | 35.23 |
| Woodie | 30.54 | 31.95 | 33.18 | 34.59 | 35.82 | 37.23 | 38.46 |
| Fibonacci | 31.98 | 32.99 | 33.61 | 34.62 | 35.63 | 36.25 | 37.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.79 | 28.89 | 31.92 | 34.02 | 37.05 | 39.15 | 42.18 |
| Camarilla | 33.55 | 34.02 | 34.49 | 34.96 | 35.43 | 35.90 | 36.37 |
| Woodie | 27.27 | 29.12 | 32.40 | 34.25 | 37.53 | 39.38 | 42.66 |
| Fibonacci | 28.89 | 30.85 | 32.06 | 34.02 | 35.98 | 37.19 | 39.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.62 | 20.63 | 27.25 | 36.26 | 42.88 | 51.89 | 58.51 |
| Camarilla | 29.58 | 31.02 | 32.45 | 33.88 | 35.31 | 36.75 | 38.18 |
| Woodie | 10.44 | 20.03 | 26.07 | 35.66 | 41.70 | 51.29 | 57.33 |
| Fibonacci | 20.63 | 26.60 | 30.29 | 36.26 | 42.23 | 45.92 | 51.89 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.78 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | -5.64 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 34.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.69 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 35.22 | |
| Zig ZAG (10): | 34.15 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 24.46 | |
| TEMA (21): | 34.19 | |
| Williams %R (14): | -79.66 | |
| Chande Momentum Oscillator (20): | -0.99 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 4.27 |
| MA7: | 34.98 | |
| MA20: | 34.21 | |
| MA50: | 35.94 | |
| MA100: | 29.93 | |
| MAexp7: | 34.32 | |
| MAexp20: | 34.53 | |
| MAexp50: | 34.58 | |
| MAexp100: | 34.57 | |
| Price / MA7: | -2.37% | |
| Price / MA20: | -0.18% | |
| Price / MA50: | -4.98% | |
| Price / MA100: | +14.10% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | -1.10% | |
| Price / MAexp50: | -1.24% | |
| Price / MAexp100: | -1.21% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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