INJECTIVE - INJ/USD - 1H - Technical analysis published on 10/21/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 1.97 USD
My targets
1.82 USD (-3.70%)
1.73 USD (-8.47%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.97 USD remains possible. It is advisable to trade INJECTIVE PROTOCOL - INJ/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.97 USD. The next bearish objective for sellers is set at 1.82 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.73 USD. In case of crossing, the next objective would be the support located at 1.57 USD. PS: if there is a bullish break in the resistance located at 1.97 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INJECTIVE PROTOCOL - INJ/USD price is 1.89 USD. The price has increased by +2.16% since the last closing with the lowest point at 1.81 USD and the highest point at 1.90 USD. The deviation from the price is +4.42% for the low point and -0.53% for the high point.1.81
1.90
1.89
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of INJECTIVE PROTOCOL - INJ/USD indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.73 | 1.82 | 1.88 | 1.89 | 1.97 | 2.03 | 2.11 |
| Change (%) | -8.47% | -3.70% | -0.53% | - | +4.23% | +7.41% | +11.64% |
| Change | -0.16 | -0.07 | -0.01 | - | +0.08 | +0.14 | +0.22 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | 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 | 1.56 | 1.69 | 1.77 | 1.90 | 1.98 | 2.11 | 2.19 |
| Camarilla | 1.79 | 1.81 | 1.83 | 1.85 | 1.87 | 1.89 | 1.91 |
| Woodie | 1.54 | 1.68 | 1.75 | 1.89 | 1.96 | 2.10 | 2.17 |
| Fibonacci | 1.69 | 1.77 | 1.82 | 1.90 | 1.98 | 2.03 | 2.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.11 | 1.34 | 1.54 | 1.77 | 1.97 | 2.20 | 2.40 |
| Camarilla | 1.62 | 1.66 | 1.70 | 1.74 | 1.78 | 1.82 | 1.86 |
| Woodie | 1.10 | 1.33 | 1.53 | 1.76 | 1.96 | 2.19 | 2.39 |
| Fibonacci | 1.34 | 1.50 | 1.61 | 1.77 | 1.93 | 2.04 | 2.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.56 | 1.00 | 1.34 | 1.78 | 2.12 | 2.56 | 2.90 |
| Camarilla | 1.48 | 1.55 | 1.62 | 1.69 | 1.76 | 1.83 | 1.91 |
| Woodie | 0.52 | 0.98 | 1.30 | 1.76 | 2.08 | 2.54 | 2.86 |
| Fibonacci | 1.00 | 1.30 | 1.48 | 1.78 | 2.08 | 2.26 | 2.56 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.55 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -18.00 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 1.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.85 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.90 | |
| Zig ZAG (10): | 1.85 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 34.24 | |
| TEMA (21): | 1.82 | |
| Williams %R (14): | -56.67 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | 0.6500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 6.96 |
| MA7: | 1.93 | |
| MA20: | 1.85 | |
| MA50: | 1.72 | |
| MA100: | 1.64 | |
| MAexp7: | 1.85 | |
| MAexp20: | 1.87 | |
| MAexp50: | 1.93 | |
| MAexp100: | 1.95 | |
| Price / MA7: | -2.07% | |
| Price / MA20: | +2.16% | |
| Price / MA50: | +9.88% | |
| Price / MA100: | +15.24% | |
| Price / MAexp7: | +2.16% | |
| Price / MAexp20: | +1.07% | |
| Price / MAexp50: | -2.07% | |
| Price / MAexp100: | -3.08% |
Quotes :
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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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