INJECTIVE - INJ/USD - 1H - Technical analysis published on 03/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 42.14 USD
My targets
40.30 USD (-1.54%)
38.86 USD (-5.06%)
My analysis
In the short term, we can see an acceleration in the bearish trend on INJECTIVE - INJ/USD, which is a positive signal for sellers. As long as the price remains above 42.14 USD, a sale could be considered. The first bearish objective is located at 40.30 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 38.86 USD as an objective. Crossing it would then enable sellers to target 36.52 USD. If the price were to return above 42.14 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
INJECTIVE - INJ/USD rating 40.93 USD. On the day, this instrument lost -0.07% with the lowest point at 40.42 USD and the highest point at 41.29 USD. The deviation from the price is +1.26% for the low point and -0.87% for the high point.40.42
41.29
40.93
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of INJECTIVE - INJ/USD in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 36.52 | 38.86 | 40.30 | 40.93 | 42.14 | 43.34 | 45.11 |
| Change (%) | -10.77% | -5.06% | -1.54% | - | +2.96% | +5.89% | +10.21% |
| Change | -4.41 | -2.07 | -0.63 | - | +1.21 | +2.41 | +4.18 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.85 | 39.21 | 40.08 | 41.44 | 42.31 | 43.67 | 44.54 |
| Camarilla | 40.35 | 40.55 | 40.76 | 40.96 | 41.16 | 41.37 | 41.57 |
| Woodie | 37.62 | 39.09 | 39.85 | 41.32 | 42.08 | 43.55 | 44.31 |
| Fibonacci | 39.21 | 40.06 | 40.59 | 41.44 | 42.29 | 42.82 | 43.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.48 | 26.24 | 33.60 | 39.36 | 46.72 | 52.48 | 59.84 |
| Camarilla | 37.35 | 38.56 | 39.76 | 40.96 | 42.16 | 43.37 | 44.57 |
| Woodie | 21.28 | 26.64 | 34.40 | 39.76 | 47.52 | 52.88 | 60.64 |
| Fibonacci | 26.24 | 31.25 | 34.35 | 39.36 | 44.37 | 47.47 | 52.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.86 | 24.43 | 32.69 | 39.26 | 47.52 | 54.09 | 62.35 |
| Camarilla | 36.88 | 38.24 | 39.60 | 40.96 | 42.32 | 43.68 | 45.04 |
| Woodie | 18.72 | 24.85 | 33.55 | 39.68 | 48.38 | 54.51 | 63.21 |
| Fibonacci | 24.43 | 30.09 | 33.59 | 39.26 | 44.92 | 48.42 | 54.09 |
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): | 44.14 | |
| MACD (12,26,9): | -0.2500 | |
| Directional Movement: | -7.08 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 40.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 41.88 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 42.35 | |
| Zig ZAG (10): | 41.00 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 36.15 | |
| TEMA (21): | 40.81 | |
| Williams %R (14): | -64.33 | |
| Chande Momentum Oscillator (20): | -0.40 | |
| Repulse (5,40,3): | 0.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 3.47 |
| MA7: | 40.53 | |
| MA20: | 39.13 | |
| MA50: | 36.41 | |
| MA100: | 34.95 | |
| MAexp7: | 40.98 | |
| MAexp20: | 41.24 | |
| MAexp50: | 41.54 | |
| MAexp100: | 41.48 | |
| Price / MA7: | +0.99% | |
| Price / MA20: | +4.60% | |
| Price / MA50: | +12.41% | |
| Price / MA100: | +17.11% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.75% | |
| Price / MAexp50: | -1.47% | |
| Price / MAexp100: | -1.33% |
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.
About author
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