ENZYME - MLN/USD
ENZYME - MLN/USD
- USD (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: MLNUSD
ISIN:

ENZYME - MLN/USD - 1H - Technical analysis published on 10/27/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 27.11 USD
My targets
29.30 USD (+2.14%)
31.43 USD (+9.55%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ENZYME - MLN/USD as long as the price remains well above 27.11 USD. The buyers' bullish objective is set at 29.30 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 31.43 USD. If there is any crossing, the next objective would be the resistance located at 41.39 USD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ENZYME - MLN/USD rating is 28.69 USD. The price registered an increase of +10.35% on the session and was traded between 25.39 USD and 29.24 USD over the period. The price is currently at +13.00% from its lowest and -1.88% from its highest.

25.39
29.24
28.69

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of this 1H chart of ENZYME - MLN/USD indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

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:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 18.73 23.28 26.57 28.69 31.43 41.39 49.17
Change (%) -34.72% -18.86% -7.39% - +9.55% +44.27% +71.38%
Change -9.96 -5.41 -2.12 - +2.74 +12.70 +20.48
Level Major Minor Major - Major 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
Standard22.8924.0025.0026.1127.1128.2229.22
Camarilla25.4225.6125.8126.0026.1926.3926.58
Woodie22.8423.9724.9526.0827.0628.1929.17
Fibonacci24.0024.8125.3026.1126.9227.4128.22


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-11.173.7519.7534.6750.6765.5981.59
Camarilla27.2530.0832.9235.7538.5841.4244.25
Woodie-10.634.0220.2934.9451.2165.8682.13
Fibonacci3.7515.5622.8634.6746.4853.7865.59


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.0614.9517.1421.0323.2227.1129.30
Camarilla17.6718.2318.7819.3419.9020.4621.01
Woodie10.2214.5316.3020.6122.3826.6928.46
Fibonacci14.9517.2718.7021.0323.3524.7827.11

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 54.88
MACD (12,26,9): 0.0300
Directional Movement: 18.80
AROON (14): 92.86
DEMA (21): 25.84
Parabolic SAR (0,02-0,02-0,2): 25.29
Elder Ray (13): 0.40
Super Trend (3,10): 26.75
Zig ZAG (10): 26.25
VORTEX (21): 1.0400
Stochastique (14,3,5): 68.48
TEMA (21): 26.08
Williams %R (14): -16.67
Chande Momentum Oscillator (20): 0.36
Repulse (5,40,3): 2.6200
ROCnROLL: 1
TRIX (15,9): -0.0300
Courbe Coppock: 3.13
MA7: 28.22
MA20: 22.53
MA50: 21.45
MA100: 23.70
MAexp7: 25.98
MAexp20: 25.84
MAexp50: 26.19
MAexp100: 26.61
Price / MA7: +1.67%
Price / MA20: +27.34%
Price / MA50: +33.75%
Price / MA100: +21.05%
Price / MAexp7: +10.43%
Price / MAexp20: +11.03%
Price / MAexp50: +9.55%
Price / MAexp100: +7.82%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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