INJECTIVE - INJ/USD - Daily - Technical analysis published on 01/04/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
11%
50%
39%
My opinion
Bullish above 32.12 USD
My targets
38.75 USD (+7.45%)
43.34 USD (+20.19%)
My analysis
The basic bullish trend is very strong on INJECTIVE - INJ/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 32.12 USD. Crossing the first resistance at 38.75 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 43.34 USD as an objective. Caution, a return to below 32.12 USD would be a sign of a consolidation phase in the short-term basic trend. 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 bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
3.8
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Additional analysis
Quotes
INJECTIVE - INJ/USD rating 36.06 USD. The price has increased by +5.47% since the last closing with the lowest point at 33.73 USD and the highest point at 36.49 USD. The deviation from the price is +6.91% for the low point and -1.18% for the high point.33.73
36.49
36.06
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 this Daily chart of INJECTIVE - INJ/USD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a slightly bearish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 14.20 | 30.64 | 35.55 | 36.06 | 43.34 |
Change (%) | -60.62% | -15.03% | -1.41% | - | +20.19% |
Change | -21.86 | -5.42 | -0.51 | - | +7.28 |
Level | Intermediate | Intermediate | Minor | - | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 54.69 | |
MACD (12,26,9): | 2.8100 | |
Directional Movement: | -0.13 | |
AROON (14): | -71.43 | |
DEMA (21): | 39.70 | |
Parabolic SAR (0,02-0,02-0,2): | 41.08 | |
Elder Ray (13): | -1.48 | |
Super Trend (3,10): | 29.76 | |
Zig ZAG (10): | 36.29 | |
VORTEX (21): | 1.0300 | |
Stochastique (14,3,5): | 31.62 | |
TEMA (21): | 38.65 | |
Williams %R (14): | -60.10 | |
Chande Momentum Oscillator (20): | -6.09 | |
Repulse (5,40,3): | 1.5200 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 2.0600 | |
Courbe Coppock: | 0.17 |
MA7: | 36.59 | |
MA20: | 37.54 | |
MA50: | 26.33 | |
MA100: | 18.78 | |
MAexp7: | 36.63 | |
MAexp20: | 35.31 | |
MAexp50: | 28.69 | |
MAexp100: | 22.12 | |
Price / MA7: | -1.45% | |
Price / MA20: | -3.94% | |
Price / MA50: | +36.95% | |
Price / MA100: | +92.01% | |
Price / MAexp7: | -1.56% | |
Price / MAexp20: | +2.12% | |
Price / MAexp50: | +25.69% | |
Price / MAexp100: | +63.02% |
Quotes :
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Real time data
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