INJECTIVE - INJ/USD - 1H - Technical analysis published on 07/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 9.30 USD
My targets
8.98 USD (-1.64%)
8.82 USD (-3.40%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade INJECTIVE - INJ/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 9.30 USD. The next bearish objective for sellers is set at 8.98 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.82 USD. In case of crossing, the next objective would be the support located at 8.71 USD. In the event of a bullish break in the resistance located at 9.30 USD a certain indecision would take hold.
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
3.6
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Additional analysis
Quotes
The INJECTIVE - INJ/USD rating is 9.13 USD. The price is lower by -1.51% since the last closing with the lowest point at 9.10 USD and the highest point at 9.49 USD. The deviation from the price is +0.33% for the low point and -3.79% for the high point.9.10
9.49
9.13
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this INJECTIVE - INJ/USD chart shows a slightly bearish trend. Only 46.43% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the 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.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.71 | 8.82 | 8.98 | 9.13 | 9.15 | 9.30 | 9.59 |
| Change (%) | -4.60% | -3.40% | -1.64% | - | +0.22% | +1.86% | +5.04% |
| Change | -0.42 | -0.31 | -0.15 | - | +0.02 | +0.17 | +0.46 |
| Level | Minor | Intermediate | Minor | - | Intermediate | 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 | 8.06 | 8.49 | 8.88 | 9.31 | 9.70 | 10.13 | 10.52 |
| Camarilla | 9.05 | 9.12 | 9.20 | 9.27 | 9.35 | 9.42 | 9.50 |
| Woodie | 8.04 | 8.48 | 8.86 | 9.30 | 9.68 | 10.12 | 10.50 |
| Fibonacci | 8.49 | 8.80 | 9.00 | 9.31 | 9.62 | 9.82 | 10.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.06 | 6.92 | 8.15 | 9.01 | 10.24 | 11.10 | 12.33 |
| Camarilla | 8.80 | 8.99 | 9.18 | 9.37 | 9.56 | 9.75 | 9.95 |
| Woodie | 6.24 | 7.01 | 8.33 | 9.10 | 10.42 | 11.19 | 12.51 |
| Fibonacci | 6.92 | 7.72 | 8.22 | 9.01 | 9.81 | 10.31 | 11.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.43 | 4.42 | 6.22 | 7.21 | 9.01 | 10.00 | 11.80 |
| Camarilla | 7.25 | 7.51 | 7.76 | 8.02 | 8.28 | 8.53 | 8.79 |
| Woodie | 3.84 | 4.62 | 6.63 | 7.41 | 9.42 | 10.20 | 12.21 |
| Fibonacci | 4.42 | 5.49 | 6.14 | 7.21 | 8.28 | 8.93 | 10.00 |
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): | 43.05 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -7.46 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 9.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.29 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 9.11 | |
| Zig ZAG (10): | 9.13 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 21.39 | |
| TEMA (21): | 9.15 | |
| Williams %R (14): | -85.93 | |
| Chande Momentum Oscillator (20): | -0.07 | |
| Repulse (5,40,3): | -0.7300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 3.33 |
| MA7: | 9.11 | |
| MA20: | 8.62 | |
| MA50: | 7.60 | |
| MA100: | 7.44 | |
| MAexp7: | 9.18 | |
| MAexp20: | 9.23 | |
| MAexp50: | 9.23 | |
| MAexp100: | 9.17 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +5.92% | |
| Price / MA50: | +20.13% | |
| Price / MA100: | +22.72% | |
| Price / MAexp7: | -0.54% | |
| Price / MAexp20: | -1.08% | |
| Price / MAexp50: | -1.08% | |
| Price / MAexp100: | -0.44% |
Quotes :
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Real time data
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