INJECTIVE - INJ/USDT - Daily - Technical analysis published on 09/06/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 7.05 USDT
My targets
6.33 USDT (-7.28%)
5.68 USDT (-16.84%)
My analysis
The bearish trend is currently very strong for INJECTIVE - INJ/USDT. As long as the price remains below the resistance at 7.05 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 6.33 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.68 USDT as an objective. Crossing it would then enable sellers to target 4.83 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5
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Additional analysis
Quotes
The INJECTIVE - INJ/USDT price is 6.83 USDT. The price registered a decrease of -0.44% on the session and was between 6.78 USDT and 6.92 USDT. This implies that the price is at +0.74% from its lowest and at -1.30% from its highest.6.78
6.92
6.83
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this INJECTIVE - INJ/USDT chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 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 : Daily
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 engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.07 | 4.83 | 5.68 | 6.83 | 7.05 | 7.90 | 9.40 |
| Change (%) | -40.41% | -29.28% | -16.84% | - | +3.22% | +15.67% | +37.63% |
| Change | -2.76 | -2.00 | -1.15 | - | +0.22 | +1.07 | +2.57 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Major |
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 | 6.58 | 6.65 | 6.76 | 6.83 | 6.94 | 7.01 | 7.12 |
| Camarilla | 6.81 | 6.83 | 6.84 | 6.86 | 6.88 | 6.89 | 6.91 |
| Woodie | 6.59 | 6.66 | 6.77 | 6.84 | 6.95 | 7.02 | 7.13 |
| Fibonacci | 6.65 | 6.72 | 6.77 | 6.83 | 6.90 | 6.95 | 7.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.51 | 6.08 | 6.42 | 6.99 | 7.33 | 7.90 | 8.24 |
| Camarilla | 6.52 | 6.60 | 6.69 | 6.77 | 6.85 | 6.94 | 7.02 |
| Woodie | 5.41 | 6.02 | 6.32 | 6.93 | 7.23 | 7.84 | 8.14 |
| Fibonacci | 6.08 | 6.42 | 6.64 | 6.99 | 7.33 | 7.55 | 7.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.71 | 5.68 | 6.33 | 7.30 | 7.95 | 8.92 | 9.57 |
| Camarilla | 6.55 | 6.69 | 6.84 | 6.99 | 7.14 | 7.29 | 7.44 |
| Woodie | 4.56 | 5.60 | 6.18 | 7.22 | 7.80 | 8.84 | 9.42 |
| Fibonacci | 5.68 | 6.30 | 6.68 | 7.30 | 7.92 | 8.30 | 8.92 |
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): | 38.74 | |
| MACD (12,26,9): | -0.2400 | |
| Directional Movement: | -5.87 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 6.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.47 | |
| Elder Ray (13): | -0.15 | |
| Super Trend (3,10): | 7.81 | |
| Zig ZAG (10): | 6.84 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 17.14 | |
| TEMA (21): | 6.72 | |
| Williams %R (14): | -82.81 | |
| Chande Momentum Oscillator (20): | -0.43 | |
| Repulse (5,40,3): | -0.7600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4600 | |
| Courbe Coppock: | 16.58 |
| MA7: | 6.84 | |
| MA20: | 7.20 | |
| MA50: | 7.68 | |
| MA100: | 7.58 | |
| MAexp7: | 6.88 | |
| MAexp20: | 7.12 | |
| MAexp50: | 7.44 | |
| MAexp100: | 7.32 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | -5.14% | |
| Price / MA50: | -11.07% | |
| Price / MA100: | -9.89% | |
| Price / MAexp7: | -0.73% | |
| Price / MAexp20: | -4.07% | |
| Price / MAexp50: | -8.20% | |
| Price / MAexp100: | -6.69% |
Quotes :
-
Real time data
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