INJECTIVE - INJ/USD - 1H - Technical analysis published on 11/30/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 1.70 USD
My targets
1.81 USD (+4.80%)
1.84 USD (+6.36%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on INJECTIVE - INJ/USD as long as the price remains well above 1.70 USD. The buyers' bullish objective is set at 1.81 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.84 USD. If there is any crossing, the next objective would be the resistance located at 2.08 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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Additional analysis
Quotes
The INJECTIVE - INJ/USD price is 1.73 USD. On the day, this instrument gained +8.13% and was between 1.60 USD and 1.75 USD. This implies that the price is at +8.13% from its lowest and at -1.14% from its highest.1.60
1.75
1.73
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of INJECTIVE - INJ/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.63 | 1.67 | 1.70 | 1.73 | 1.74 | 1.84 | 2.08 |
| Change (%) | -5.78% | -3.47% | -1.73% | - | +0.58% | +6.36% | +20.23% |
| Change | -0.10 | -0.06 | -0.03 | - | +0.01 | +0.11 | +0.35 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | 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 | 1.30 | 1.40 | 1.50 | 1.60 | 1.70 | 1.80 | 1.90 |
| Camarilla | 1.55 | 1.56 | 1.58 | 1.60 | 1.62 | 1.64 | 1.66 |
| Woodie | 1.30 | 1.40 | 1.50 | 1.60 | 1.70 | 1.80 | 1.90 |
| Fibonacci | 1.40 | 1.48 | 1.52 | 1.60 | 1.68 | 1.72 | 1.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.05 | 1.26 | 1.43 | 1.64 | 1.81 | 2.02 | 2.19 |
| Camarilla | 1.51 | 1.54 | 1.58 | 1.61 | 1.65 | 1.68 | 1.72 |
| Woodie | 1.04 | 1.25 | 1.42 | 1.63 | 1.80 | 2.01 | 2.18 |
| Fibonacci | 1.26 | 1.40 | 1.49 | 1.64 | 1.78 | 1.87 | 2.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.62 | 1.10 | 1.76 | 2.24 | 2.90 | 3.38 | 4.04 |
| Camarilla | 2.12 | 2.22 | 2.33 | 2.43 | 2.54 | 2.64 | 2.74 |
| Woodie | 0.72 | 1.15 | 1.86 | 2.29 | 3.00 | 3.43 | 4.14 |
| Fibonacci | 1.10 | 1.53 | 1.80 | 2.24 | 2.67 | 2.94 | 3.38 |
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): | 64.25 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 34.88 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.59 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 1.60 | |
| Zig ZAG (10): | 1.68 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 86.11 | |
| TEMA (21): | 1.65 | |
| Williams %R (14): | -20.83 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 3.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 0.25 |
| MA7: | 1.61 | |
| MA20: | 1.67 | |
| MA50: | 1.93 | |
| MA100: | 1.80 | |
| MAexp7: | 1.65 | |
| MAexp20: | 1.62 | |
| MAexp50: | 1.60 | |
| MAexp100: | 1.60 | |
| Price / MA7: | +7.45% | |
| Price / MA20: | +3.59% | |
| Price / MA50: | -10.36% | |
| Price / MA100: | -3.89% | |
| Price / MAexp7: | +4.85% | |
| Price / MAexp20: | +6.79% | |
| Price / MAexp50: | +8.13% | |
| Price / MAexp100: | +8.13% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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