🛑🛑🛑Technical Analysis $INJ/USDT (1D) — Futures 🛑🛑🛑
$INJ $BTC $NOT
Indicators and Levels
Parabolic SAR indicator:
The Parabolic SAR points are below the current price, indicating a bullish trend. 📈
Indicator Ishimoku:
Kijun-sen (purple line) and Tenkan-sen (blue line): Both lines are below the current price, signaling a bullish trend.
Ichimoku Cloud: The price breaks the cloud upward, which is a bullish signal. 🌥️➡️☀️
Chinkou Span (green line): The lag line is above the price chart, confirming the bullish trend.
Moving averages (MA):
MA (7) and MA (25): The current price is above both moving averages, indicating a bullish trend. 📈
Support and resistance levels:
Support: Area between $25.0055 and $25.5375. The price tested this area several times, which confirms its significance. 🔽
Resistance: The area around $52.8956 where the price has encountered resistance several times. 🔼
Analysis of trends and patterns
Trend line:
The chart shows that the price is moving along an ascending trend line, which is a bullish signal. Breaking this level upward confirms the continuation of the upward trend.
Pattern:
An “ascending triangle” pattern is forming, which may indicate a possible continuation of the current upward trend when the resistance level is broken.
Volume and other indicators
Trading volume:
Trading volume is increasing, which confirms the current trend. 📊
conclusions
Short Term: INJ is showing strong bullish signals in the short term. The breaking of the Ichimoku cloud and an increase in trading volume confirm this.
Medium-term outlook: To continue growth, the price must maintain above the support level of $25.5375 and break through the resistance level of $52.8956.
Long term: To confirm a long-term bullish trend, we need to watch for an increase in trading volume and a breakout of key resistance levels.
Action plan 📈💼
Buy: Consider buying the $25.5375 support area with a short stop loss below this level. If the price holds above this level and begins to rise, this could be a good entry point.
Sell: Selling may be appropriate at the $52.8956 resistance area if the price fails to break through this level. It is important to monitor trend reversal signals.
Caution: Closely monitor trading volume and indicator signals to make informed decisions. A downward break of the ascending trend line may be a signal to exit the position.
Analysis of the current state of the $INJ asset
The daily chart shows that $INJ/USDT is in a bullish trend supported by several indicators:
Bullish signal from Parabolic SAR 📈
Ichimoku Cloud Breakout ☀️
Support from moving averages 📈
The price is holding in the area of significant support, and if the current resistance level is broken, further growth can be expected.