Full chart analysis for #INJ /USDT
1. Forecast of price movements (short term, medium term)
Short term: For the coming week, we can expect movement within the current range of $25-$30. There is a possibility of a correction to the support level around $24. In case of an upward breakout, an increase to $33-$35 is possible.
Medium term: If the asset holds above $24 and breaks the $30 resistance, the target could be around $45. In the case of a bearish scenario and a breakdown downwards from $24, the downside target could be $20.
2. Support and resistance levels
Support: $24, $22
Resistance: $30, $33, $45
3. Possible entry, exit, stop loss points for a long position
Entry: On a rollback to $24 or a breakout above $30.
Yield: $33, $35, $45
Stop loss: $22
4. Possible entry, exit, stop loss points for short positions
Entry: On a rollback to $30 or a breakout below $24.
Yield: $22, $20
Stop loss: $33
5. Long and short scenario with probability assessment
Long scenario:
Probability: 60%
Rationale: RSI indicators show buying strength, Ichimoku Cloud shows support. Trading volumes are growing, which confirms interest in the asset.
Short scenario:
Probability: 40%
Rationale: A break of the $24 support could result in a significant drop, especially if trading volumes decline and active addresses decrease.
Forecast
In the coming days, a short-term decline to the support level around $24 is possible, followed by a recovery. If it stays above this level, an increase to $30 or higher is likely. The medium-term goal in a positive scenario is $45.
Accounting for indicators
Volume profile indicator Anchored: Volumes confirm the strength of purchases at levels around $24.
Ichimoku Cloud indicator: Support at $24.
Parabolic SAR indicator: Shows a bullish trend.
EMA Indicator: Short-term and long-term EMAs support the current bullish trend.
YK Round Levels indicator: Support at $24, resistance at $30 and $45.
RSI indicator: Is in the overbought zone, a short-term pullback is possible.
Analysis of market indicators
Exchange reserves: An increase in reserves indicates a decrease in selling pressure.
Net Deposits on Exchanges: A decrease in deposits indicates a withdrawal of funds from exchanges, which could support the price.
Capital inflows: Capital inflows prevail, supporting the bullish trend.
Influx of large holders: The increase in the positions of large holders also supports the price increase.
Growth of active and new addresses: An increase in activity and new addresses confirms interest in the asset.
Trading volume: Increasing volume confirms the strength of the current trend.
Thus, under current conditions, the long scenario seems more likely with a probability of about 60%.
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