INJECTIVE - INJ/USD - 1H - Technical analysis published on 12/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 29.82 USD
My targets
32.23 USD (+0.91%)
34.53 USD (+8.11%)
My analysis
INJECTIVE - INJ/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 29.82 USD. The next resistance located at 32.23 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 34.53 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INJECTIVE - INJ/USD price is 31.94 USD. On the day, this instrument gained +4.28% and was between 30.32 USD and 32.86 USD. This implies that the price is at +5.34% from its lowest and at -2.80% from its highest.30.32
32.86
31.94
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
New HIGH record (1st january)
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
Technical analysis of this 1H chart of INJECTIVE - INJ/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 20.52 | 23.92 | 29.82 | 31.94 | 32.23 | 34.53 |
| Change (%) | -35.75% | -25.11% | -6.64% | - | +0.91% | +8.11% |
| Change | -11.42 | -8.02 | -2.12 | - | +0.29 | +2.59 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.45 | 27.38 | 29.01 | 29.94 | 31.57 | 32.50 | 34.13 |
| Camarilla | 29.93 | 30.16 | 30.40 | 30.63 | 30.87 | 31.10 | 31.33 |
| Woodie | 26.79 | 27.56 | 29.35 | 30.12 | 31.91 | 32.68 | 34.47 |
| Fibonacci | 27.38 | 28.36 | 28.97 | 29.94 | 30.92 | 31.53 | 32.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.52 | 11.52 | 20.54 | 27.54 | 36.56 | 43.56 | 52.58 |
| Camarilla | 25.17 | 26.63 | 28.10 | 29.57 | 31.04 | 32.51 | 33.98 |
| Woodie | 5.54 | 12.03 | 21.56 | 28.05 | 37.58 | 44.07 | 53.60 |
| Fibonacci | 11.52 | 17.64 | 21.42 | 27.54 | 33.66 | 37.44 | 43.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.23 | 11.35 | 14.89 | 17.01 | 20.55 | 22.67 | 26.21 |
| Camarilla | 16.88 | 17.40 | 17.92 | 18.44 | 18.96 | 19.48 | 20.00 |
| Woodie | 9.95 | 11.71 | 15.61 | 17.37 | 21.27 | 23.03 | 26.93 |
| Fibonacci | 11.35 | 13.51 | 14.85 | 17.01 | 19.17 | 20.51 | 22.67 |
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): | 69.51 | |
| MACD (12,26,9): | 0.3700 | |
| Directional Movement: | 20.85 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 30.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.03 | |
| Elder Ray (13): | 1.64 | |
| Super Trend (3,10): | 29.89 | |
| Zig ZAG (10): | 31.96 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 83.37 | |
| TEMA (21): | 31.24 | |
| Williams %R (14): | -26.82 | |
| Chande Momentum Oscillator (20): | 2.07 | |
| Repulse (5,40,3): | 3.7800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 9.07 |
| MA7: | 29.63 | |
| MA20: | 22.43 | |
| MA50: | 18.58 | |
| MA100: | 13.40 | |
| MAexp7: | 31.06 | |
| MAexp20: | 30.47 | |
| MAexp50: | 30.32 | |
| MAexp100: | 29.64 | |
| Price / MA7: | +7.80% | |
| Price / MA20: | +42.40% | |
| Price / MA50: | +71.91% | |
| Price / MA100: | +138.36% | |
| Price / MAexp7: | +2.83% | |
| Price / MAexp20: | +4.82% | |
| Price / MAexp50: | +5.34% | |
| Price / MAexp100: | +7.76% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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