ENJIN COIN - ENJ/USDT - 1H - Technical analysis published on 03/07/2023 (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%
0%
28%
My opinion
Bullish above 0.427822 USDT
My targets
0.441233 USDT (+0.92%)
0.470183 USDT (+7.54%)
My analysis
The bullish trend is currently very strong on ENJIN COIN - ENJ/USDT. As long as the price remains above the support at 0.427822 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.441233 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.470183 USDT as an objective. Crossing it would then enable buyers to target 0.480885 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
7.3
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Additional analysis
Quotes
ENJIN COIN - ENJ/USDT rating 0.437200 USDT. The price has increased by +2.77% since the last closing with the lowest point at 0.425500 USDT and the highest point at 0.439300 USDT. The deviation from the price is +2.75% for the low point and -0.48% for the high point.0.425500
0.439300
0.437200
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ENJIN COIN - ENJ/USDT in 1H shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.406300 | 0.417800 | 0.427822 | 0.437200 | 0.470183 | 0.480885 | 0.521300 |
| Change (%) | -7.07% | -4.44% | -2.15% | - | +7.54% | +9.99% | +19.24% |
| Change | -0.030900 | -0.019400 | -0.009378 | - | +0.032983 | +0.043685 | +0.084100 |
| Level | Minor | Minor | Major | - | Minor | 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 | 0.390900 | 0.398600 | 0.412000 | 0.419700 | 0.433100 | 0.440800 | 0.454200 |
| Camarilla | 0.419598 | 0.421532 | 0.423466 | 0.425400 | 0.427334 | 0.429268 | 0.431203 |
| Woodie | 0.393750 | 0.400025 | 0.414850 | 0.421125 | 0.435950 | 0.442225 | 0.457050 |
| Fibonacci | 0.398600 | 0.406660 | 0.411640 | 0.419700 | 0.427760 | 0.432740 | 0.440800 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.320967 | 0.367033 | 0.395167 | 0.441233 | 0.469367 | 0.515433 | 0.543567 |
| Camarilla | 0.402895 | 0.409697 | 0.416498 | 0.423300 | 0.430102 | 0.436903 | 0.443705 |
| Woodie | 0.312000 | 0.362550 | 0.386200 | 0.436750 | 0.460400 | 0.510950 | 0.534600 |
| Fibonacci | 0.367033 | 0.395378 | 0.412889 | 0.441233 | 0.469578 | 0.487089 | 0.515433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.287767 | 0.350233 | 0.413767 | 0.476233 | 0.539767 | 0.602233 | 0.665767 |
| Camarilla | 0.442650 | 0.454200 | 0.465750 | 0.477300 | 0.488850 | 0.500400 | 0.511950 |
| Woodie | 0.288300 | 0.350500 | 0.414300 | 0.476500 | 0.540300 | 0.602500 | 0.666300 |
| Fibonacci | 0.350233 | 0.398365 | 0.428101 | 0.476233 | 0.524365 | 0.554101 | 0.602233 |
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): | 65.99 | |
| MACD (12,26,9): | 0.0043 | |
| Directional Movement: | 10.642843 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.435052 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.432531 | |
| Elder Ray (13): | 0.004618 | |
| Super Trend (3,10): | 0.425940 | |
| Zig ZAG (10): | 0.437600 | |
| VORTEX (21): | 1.2358 | |
| Stochastique (14,3,5): | 85.33 | |
| TEMA (21): | 0.438993 | |
| Williams %R (14): | -9.14 | |
| Chande Momentum Oscillator (20): | 0.015500 | |
| Repulse (5,40,3): | 0.7599 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1176 | |
| Courbe Coppock: | 5.78 |
| MA7: | 0.440243 | |
| MA20: | 0.459980 | |
| MA50: | 0.436730 | |
| MA100: | 0.358459 | |
| MAexp7: | 0.435303 | |
| MAexp20: | 0.429989 | |
| MAexp50: | 0.427282 | |
| MAexp100: | 0.433229 | |
| Price / MA7: | -0.69% | |
| Price / MA20: | -4.95% | |
| Price / MA50: | +0.11% | |
| Price / MA100: | +21.97% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +1.68% | |
| Price / MAexp50: | +2.32% | |
| Price / MAexp100: | +0.92% |
Quotes :
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Real time data
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