INJECTIVE - INJ/USD - 1H - Technical analysis published on 01/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
78%
0%
22%
My opinion
Bearish under 38.01 USD
My targets
35.55 USD (-1.22%)
34.53 USD (-4.06%)
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 38.01 USD remains possible. 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 38.01 USD. The next bearish objective for sellers is set at 35.55 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 34.53 USD. In case of crossing, the next objective would be the support located at 30.64 USD. PS: if there is a bullish break in the resistance located at 38.01 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 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
0
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This analysis was given by Blackoin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
INJECTIVE - INJ/USD rating 35.99 USD. On the day, this instrument gained +5.27% with the lowest point at 33.73 USD and the highest point at 36.49 USD. The deviation from the price is +6.70% for the low point and -1.37% for the high point.33.73
36.49
35.99
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
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of INJECTIVE - INJ/USD in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 30.64 | 34.53 | 35.55 | 35.99 | 38.01 | 39.77 | 41.08 |
| Change (%) | -14.87% | -4.06% | -1.22% | - | +5.61% | +10.50% | +14.14% |
| Change | -5.35 | -1.46 | -0.44 | - | +2.02 | +3.78 | +5.09 |
| 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 | 22.87 | 26.59 | 30.39 | 34.11 | 37.91 | 41.63 | 45.43 |
| Camarilla | 32.12 | 32.81 | 33.50 | 34.19 | 34.88 | 35.57 | 36.26 |
| Woodie | 22.91 | 26.61 | 30.43 | 34.13 | 37.95 | 41.65 | 45.47 |
| Fibonacci | 26.59 | 29.46 | 31.24 | 34.11 | 36.98 | 38.76 | 41.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.87 | 27.97 | 32.65 | 38.75 | 43.43 | 49.53 | 54.21 |
| Camarilla | 34.38 | 35.36 | 36.35 | 37.34 | 38.33 | 39.32 | 40.31 |
| Woodie | 21.17 | 27.62 | 31.95 | 38.40 | 42.73 | 49.18 | 53.51 |
| Fibonacci | 27.97 | 32.09 | 34.63 | 38.75 | 42.87 | 45.41 | 49.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -9.62 | 3.09 | 19.41 | 32.12 | 48.44 | 61.15 | 77.47 |
| Camarilla | 27.74 | 30.40 | 33.06 | 35.72 | 38.38 | 41.04 | 43.70 |
| Woodie | -7.83 | 3.99 | 21.21 | 33.02 | 50.24 | 62.05 | 79.27 |
| Fibonacci | 3.09 | 14.18 | 21.03 | 32.12 | 43.21 | 50.06 | 61.15 |
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): | 57.24 | |
| MACD (12,26,9): | -0.2300 | |
| Directional Movement: | -1.95 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 34.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.96 | |
| Elder Ray (13): | 1.20 | |
| Super Trend (3,10): | 37.35 | |
| Zig ZAG (10): | 36.29 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 93.32 | |
| TEMA (21): | 35.00 | |
| Williams %R (14): | -11.59 | |
| Chande Momentum Oscillator (20): | 2.77 | |
| Repulse (5,40,3): | 2.3200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2700 | |
| Courbe Coppock: | 4.68 |
| MA7: | 36.59 | |
| MA20: | 37.54 | |
| MA50: | 26.33 | |
| MA100: | 18.78 | |
| MAexp7: | 35.36 | |
| MAexp20: | 35.18 | |
| MAexp50: | 36.02 | |
| MAexp100: | 36.67 | |
| Price / MA7: | -1.64% | |
| Price / MA20: | -4.13% | |
| Price / MA50: | +36.69% | |
| Price / MA100: | +91.64% | |
| Price / MAexp7: | +1.78% | |
| Price / MAexp20: | +2.30% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -1.85% |
Quotes :
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Real time data
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