INJECTIVE - INJ/USDT - Weekly - Technical analysis published on 10/21/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 2.35 USDT
My targets
1.40 USDT (-22.91%)
1.22 USDT (-32.97%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on INJECTIVE PROTOCOL - INJ/USDT as long as the price remains well below 2.35 USDT. The next bearish objective for sellers is set at 1.40 USDT. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 1.22 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.7
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This analysis was given by hakbay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
INJECTIVE PROTOCOL - INJ/USDT rating 1.82 USDT. Over 5 days, this instrument gained +3.65% and has been traded over the last 5 days between 1.76 USDT and 2.25 USDT. This implies that the 5 day price is +3.41% from its lowest point and -19.08% from its highest point.1.76
2.25
1.82
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
Technical
Technical analysis of this Weekly chart of INJECTIVE PROTOCOL - INJ/USDT indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Weekly
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.22 | 1.82 | 5.22 | 10.53 | 15.51 |
| Change (%) | -32.97% | - | +186.81% | +478.57% | +752.20% |
| Change | -0.60 | - | +3.40 | +8.71 | +13.69 |
| Level | Major | - | Minor | Minor | 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 | 1.55 | 1.68 | 1.77 | 1.90 | 1.99 | 2.12 | 2.21 |
| Camarilla | 1.79 | 1.81 | 1.83 | 1.85 | 1.87 | 1.89 | 1.91 |
| Woodie | 1.52 | 1.67 | 1.74 | 1.89 | 1.96 | 2.11 | 2.18 |
| Fibonacci | 1.68 | 1.77 | 1.82 | 1.90 | 1.99 | 2.04 | 2.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.11 | 1.34 | 1.55 | 1.78 | 1.99 | 2.22 | 2.43 |
| Camarilla | 1.64 | 1.68 | 1.72 | 1.76 | 1.80 | 1.84 | 1.88 |
| Woodie | 1.10 | 1.34 | 1.54 | 1.78 | 1.98 | 2.22 | 2.42 |
| Fibonacci | 1.34 | 1.51 | 1.61 | 1.78 | 1.95 | 2.05 | 2.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.78 | 1.11 | 1.40 | 1.73 | 2.02 | 2.35 | 2.64 |
| Camarilla | 1.53 | 1.59 | 1.64 | 1.70 | 1.76 | 1.81 | 1.87 |
| Woodie | 0.77 | 1.10 | 1.39 | 1.72 | 2.01 | 2.34 | 2.63 |
| Fibonacci | 1.11 | 1.34 | 1.49 | 1.73 | 1.96 | 2.11 | 2.35 |
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): | 41.90 | |
| MACD (12,26,9): | -0.6500 | |
| Directional Movement: | 5.28 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 1.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.37 | |
| Elder Ray (13): | 0.22 | |
| Super Trend (3,10): | 3.54 | |
| Zig ZAG (10): | 1.83 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 50.44 | |
| TEMA (21): | 1.51 | |
| Williams %R (14): | -52.02 | |
| Chande Momentum Oscillator (20): | 0.41 | |
| Repulse (5,40,3): | -14.6200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -3.9800 | |
| Courbe Coppock: | 47.24 |
| MA7: | 1.93 | |
| MA20: | 1.86 | |
| MA50: | 1.72 | |
| MA100: | 1.64 | |
| MAexp7: | 1.75 | |
| MAexp20: | 2.06 | |
| MAexp50: | 3.85 | |
| MAexp100: | 6.69 | |
| Price / MA7: | -5.70% | |
| Price / MA20: | -2.15% | |
| Price / MA50: | +5.81% | |
| Price / MA100: | +10.98% | |
| Price / MAexp7: | +4.00% | |
| Price / MAexp20: | -11.65% | |
| Price / MAexp50: | -52.73% | |
| Price / MAexp100: | -72.80% |
Quotes :
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Real time data
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