INJECTIVE - INJ/USDT - 1H - Technical analysis published on 08/21/2023 (GMT)
- 152
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 7.62 USDT
My targets
7.04 USDT (-4.22%)
6.67 USDT (-9.25%)
My analysis
In the short term, we can see an acceleration in the bearish trend on INJECTIVE - INJ/USDT, which is a positive signal for sellers. As long as the price remains above 7.62 USDT, a sale could be considered. The first bearish objective is located at 7.04 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.67 USDT as an objective. Crossing it would then enable sellers to target 5.67 USDT. If the price were to return above 7.62 USDT, 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by lexvape. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
INJECTIVE - INJ/USDT rating 7.35 USDT. The price registered a decrease of -4.92% on the session with the lowest point at 7.34 USDT and the highest point at 7.88 USDT. The deviation from the price is +0.14% for the low point and -6.73% for the high point.7.34
7.88
7.35
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
Here is a more detailed summary of the historical variations registered by INJECTIVE - INJ/USDT:
Technical
Technical analysis of INJECTIVE - INJ/USDT in 1H shows an overall bearish trend. 67.86% 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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.67 | 6.67 | 7.04 | 7.35 | 7.35 | 7.62 | 7.90 |
| Change (%) | -22.86% | -9.25% | -4.22% | 0% | - | +3.67% | +7.48% |
| Change | -1.68 | -0.68 | -0.31 | 0 | - | +0.27 | +0.55 |
| Level | Major | Minor | Minor | Major | - | 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 | 7.31 | 7.49 | 7.61 | 7.79 | 7.91 | 8.09 | 8.21 |
| Camarilla | 7.65 | 7.68 | 7.70 | 7.73 | 7.76 | 7.79 | 7.81 |
| Woodie | 7.28 | 7.48 | 7.58 | 7.78 | 7.88 | 8.08 | 8.18 |
| Fibonacci | 7.49 | 7.61 | 7.68 | 7.79 | 7.91 | 7.98 | 8.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.51 | 6.09 | 6.92 | 7.50 | 8.33 | 8.91 | 9.74 |
| Camarilla | 7.36 | 7.49 | 7.62 | 7.75 | 7.88 | 8.01 | 8.14 |
| Woodie | 5.64 | 6.15 | 7.05 | 7.56 | 8.46 | 8.97 | 9.87 |
| Fibonacci | 6.09 | 6.63 | 6.96 | 7.50 | 8.04 | 8.37 | 8.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.90 | 6.29 | 7.08 | 8.47 | 9.26 | 10.65 | 11.44 |
| Camarilla | 7.27 | 7.47 | 7.67 | 7.87 | 8.07 | 8.27 | 8.47 |
| Woodie | 4.60 | 6.14 | 6.78 | 8.32 | 8.96 | 10.50 | 11.14 |
| Fibonacci | 6.29 | 7.12 | 7.64 | 8.47 | 9.30 | 9.82 | 10.65 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 28.19 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -24.71 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 7.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.80 | |
| Elder Ray (13): | -0.26 | |
| Super Trend (3,10): | 7.67 | |
| Zig ZAG (10): | 7.35 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 4.92 | |
| TEMA (21): | 7.52 | |
| Williams %R (14): | -97.45 | |
| Chande Momentum Oscillator (20): | -0.36 | |
| Repulse (5,40,3): | -4.4600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 4.35 |
| MA7: | 7.44 | |
| MA20: | 7.71 | |
| MA50: | 8.14 | |
| MA100: | 7.51 | |
| MAexp7: | 7.56 | |
| MAexp20: | 7.67 | |
| MAexp50: | 7.71 | |
| MAexp100: | 7.65 | |
| Price / MA7: | -1.21% | |
| Price / MA20: | -4.67% | |
| Price / MA50: | -9.71% | |
| Price / MA100: | -2.13% | |
| Price / MAexp7: | -2.78% | |
| Price / MAexp20: | -4.17% | |
| Price / MAexp50: | -4.67% | |
| Price / MAexp100: | -3.92% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis INJECTIVE - INJ/USDT - 1H