INJECTIVE - INJ/USDT - 1H - Technical analysis published on 04/13/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 6.36 USDT
My targets
7.00 USDT (+4.95%)
7.11 USDT (+6.60%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 6.36 USDT remains possible. It is advisable to trade INJECTIVE - INJ/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 6.36 USDT. The next bullish objective for buyers is set at 7.00 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.11 USDT. If there is any crossing, the next objective would be the resistance located at 7.98 USDT. PS: if there is a bearish break in the support located at 6.36 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.6
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Additional analysis
Quotes
The INJECTIVE - INJ/USDT rating is 6.67 USDT. The price has increased by +1.37% since the last closing and was between 6.54 USDT and 6.92 USDT. This implies that the price is at +1.99% from its lowest and at -3.61% from its highest.6.54
6.92
6.67
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by INJECTIVE - INJ/USDT:
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
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this INJECTIVE - INJ/USDT chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.37 | 5.87 | 6.36 | 6.67 | 7.00 | 7.98 | 10.53 |
| Change (%) | -19.49% | -11.99% | -4.65% | - | +4.95% | +19.64% | +57.87% |
| Change | -1.30 | -0.80 | -0.31 | - | +0.33 | +1.31 | +3.86 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Minor |
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 | 5.65 | 6.01 | 6.29 | 6.65 | 6.93 | 7.29 | 7.57 |
| Camarilla | 6.40 | 6.46 | 6.52 | 6.58 | 6.64 | 6.70 | 6.76 |
| Woodie | 5.62 | 5.99 | 6.26 | 6.63 | 6.90 | 7.27 | 7.54 |
| Fibonacci | 6.01 | 6.25 | 6.40 | 6.65 | 6.89 | 7.04 | 7.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.72 | 4.29 | 4.85 | 5.42 | 5.98 | 6.55 | 7.11 |
| Camarilla | 5.10 | 5.20 | 5.31 | 5.41 | 5.51 | 5.62 | 5.72 |
| Woodie | 3.72 | 4.29 | 4.85 | 5.42 | 5.98 | 6.55 | 7.11 |
| Fibonacci | 4.29 | 4.72 | 4.99 | 5.42 | 5.85 | 6.12 | 6.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.58 | 1.51 | 3.12 | 4.05 | 5.66 | 6.59 | 8.20 |
| Camarilla | 4.02 | 4.25 | 4.49 | 4.72 | 4.95 | 5.19 | 5.42 |
| Woodie | 0.91 | 1.68 | 3.45 | 4.22 | 5.99 | 6.76 | 8.53 |
| Fibonacci | 1.51 | 2.48 | 3.08 | 4.05 | 5.02 | 5.62 | 6.59 |
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): | 49.54 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 3.57 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 6.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.90 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 6.46 | |
| Zig ZAG (10): | 6.68 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 20.19 | |
| TEMA (21): | 6.68 | |
| Williams %R (14): | -72.05 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | 0.5100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.33 |
| MA7: | 6.12 | |
| MA20: | 5.27 | |
| MA50: | 4.40 | |
| MA100: | 3.37 | |
| MAexp7: | 6.68 | |
| MAexp20: | 6.70 | |
| MAexp50: | 6.61 | |
| MAexp100: | 6.39 | |
| Price / MA7: | +8.99% | |
| Price / MA20: | +26.57% | |
| Price / MA50: | +51.59% | |
| Price / MA100: | +97.92% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | +0.91% | |
| Price / MAexp100: | +4.38% |
Quotes :
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Real time data
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Cryptocompare
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