INJECTIVE - INJ/USD - 1H - Technical analysis published on 04/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
39%
17%
My opinion
Bearish under 32.28 USD
My targets
31.21 USD (-2.32%)
30.72 USD (-3.85%)
My analysis
INJECTIVE - INJ/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 32.28 USD. The next support located at 31.21 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 30.72 USD. Below this support, sellers could then target 18.17 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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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 - INJ/USD price is 31.95 USD. On the day, this instrument lost -0.03% with the lowest point at 31.66 USD and the highest point at 32.46 USD. The deviation from the price is +0.92% for the low point and -1.57% for the high point.31.66
32.46
31.95
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.
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of INJECTIVE - INJ/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
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 | 18.17 | 30.72 | 31.21 | 31.95 | 32.28 | 33.46 | 34.49 |
| Change (%) | -43.13% | -3.85% | -2.32% | - | +1.03% | +4.73% | +7.95% |
| Change | -13.78 | -1.23 | -0.74 | - | +0.33 | +1.51 | +2.54 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Intermediate |
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 | 29.43 | 30.53 | 31.25 | 32.35 | 33.07 | 34.17 | 34.89 |
| Camarilla | 31.46 | 31.63 | 31.79 | 31.96 | 32.13 | 32.29 | 32.46 |
| Woodie | 29.23 | 30.44 | 31.05 | 32.26 | 32.87 | 34.08 | 34.69 |
| Fibonacci | 30.53 | 31.23 | 31.66 | 32.35 | 33.05 | 33.48 | 34.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.14 | 27.43 | 31.16 | 34.45 | 38.18 | 41.47 | 45.20 |
| Camarilla | 32.96 | 33.60 | 34.25 | 34.89 | 35.53 | 36.18 | 36.82 |
| Woodie | 24.36 | 27.54 | 31.38 | 34.56 | 38.40 | 41.58 | 45.42 |
| Fibonacci | 27.43 | 30.11 | 31.77 | 34.45 | 37.13 | 38.79 | 41.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.21 | 19.60 | 28.21 | 40.60 | 49.21 | 61.60 | 70.21 |
| Camarilla | 31.04 | 32.96 | 34.89 | 36.81 | 38.74 | 40.66 | 42.59 |
| Woodie | 5.31 | 18.66 | 26.31 | 39.66 | 47.31 | 60.66 | 68.31 |
| Fibonacci | 19.60 | 27.63 | 32.58 | 40.60 | 48.63 | 53.58 | 61.60 |
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): | 38.59 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | -15.35 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 31.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.41 | |
| Elder Ray (13): | -0.23 | |
| Super Trend (3,10): | 32.67 | |
| Zig ZAG (10): | 31.87 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 18.85 | |
| TEMA (21): | 31.88 | |
| Williams %R (14): | -70.21 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 0.59 |
| MA7: | 33.74 | |
| MA20: | 35.09 | |
| MA50: | 38.36 | |
| MA100: | 37.18 | |
| MAexp7: | 31.98 | |
| MAexp20: | 32.15 | |
| MAexp50: | 32.60 | |
| MAexp100: | 33.15 | |
| Price / MA7: | -5.31% | |
| Price / MA20: | -8.95% | |
| Price / MA50: | -16.71% | |
| Price / MA100: | -14.07% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.62% | |
| Price / MAexp50: | -1.99% | |
| Price / MAexp100: | -3.62% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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