INJECTIVE - INJ/USDT - 15 min. - Technical analysis published on 02/20/2024 (GMT)
- 157
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 36.35 USDT
My targets
34.79 USDT (-2.23%)
32.89 USDT (-7.55%)
My analysis
The bearish trend is currently very strong for INJECTIVE - INJ/USDT. As long as the price remains below the resistance at 36.35 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 34.79 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 32.89 USDT as an objective. Crossing it would then enable sellers to target 31.20 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Matei21. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
INJECTIVE - INJ/USDT rating 35.58 USDT. The price registered a decrease of -5.37% on the session and was traded between 34.25 USDT and 39.01 USDT over the period. The price is currently at +3.88% from its lowest and -8.79% from its highest.34.25
39.01
35.58
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by INJECTIVE - INJ/USDT:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this INJECTIVE - INJ/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 33.38 | 34.25 | 35.30 | 35.58 | 36.15 | 37.42 | 38.42 |
| Change (%) | -6.18% | -3.74% | -0.79% | - | +1.60% | +5.17% | +7.98% |
| Change | -2.20 | -1.33 | -0.28 | - | +0.57 | +1.84 | +2.84 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | 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 | 32.89 | 34.79 | 36.19 | 38.09 | 39.49 | 41.39 | 42.79 |
| Camarilla | 36.69 | 37.00 | 37.30 | 37.60 | 37.90 | 38.21 | 38.51 |
| Woodie | 32.65 | 34.67 | 35.95 | 37.97 | 39.25 | 41.27 | 42.55 |
| Fibonacci | 34.79 | 36.05 | 36.83 | 38.09 | 39.35 | 40.13 | 41.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.23 | 31.80 | 34.78 | 36.35 | 39.33 | 40.90 | 43.88 |
| Camarilla | 36.52 | 36.94 | 37.35 | 37.77 | 38.19 | 38.60 | 39.02 |
| Woodie | 30.95 | 32.15 | 35.50 | 36.70 | 40.05 | 41.25 | 44.60 |
| Fibonacci | 31.80 | 33.54 | 34.61 | 36.35 | 38.09 | 39.16 | 40.90 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.28 | |
| MACD (12,26,9): | -0.4900 | |
| Directional Movement: | -18.26 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 35.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.25 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 36.65 | |
| Zig ZAG (10): | 35.58 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 64.96 | |
| TEMA (21): | 35.04 | |
| Williams %R (14): | -25.92 | |
| Chande Momentum Oscillator (20): | 0.12 | |
| Repulse (5,40,3): | 1.1700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 3.97 |
| MA7: | 36.27 | |
| MA20: | 34.65 | |
| MA50: | 36.00 | |
| MA100: | 30.56 | |
| MAexp7: | 35.44 | |
| MAexp20: | 35.80 | |
| MAexp50: | 36.57 | |
| MAexp100: | 37.08 | |
| Price / MA7: | -1.90% | |
| Price / MA20: | +2.68% | |
| Price / MA50: | -1.17% | |
| Price / MA100: | +16.43% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | -0.61% | |
| Price / MAexp50: | -2.71% | |
| Price / MAexp100: | -4.05% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis INJECTIVE - INJ/USDT - 15 min.