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ENZYME - MLN/USD
ENZYME - MLN/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: MLNUSD
ISIN:

ENZYME - MLN/USD - 1H - Technical analysis published on 12/08/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 25.16 USD
My targets
28.51 USD (+8.02%)
32.10 USD (+21.65%)
My analysis
The bullish trend is currently very strong on ENZYME - MLN/USD. As long as the price remains above the support at 25.16 USD, you could try to benefit from the boom. The first bullish objective is located at 28.51 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 32.10 USD as an objective. Crossing it would then enable buyers to target 32.13 USD. 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.

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
8.4

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.

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

Additional analysis

Quotes

ENZYME - MLN/USD rating 26.39 USD. The price has increased by +20.94% since the last closing with the lowest point at 21.79 USD and the highest point at 26.90 USD. The deviation from the price is +21.11% for the low point and -1.90% for the high point.

21.79
26.90
26.39

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



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 ENZYME - MLN/USD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour



In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour


Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 22.74 23.46 24.91 26.39 32.13 63.78
Change (%) -13.83% -11.10% -5.61% - +21.75% +141.68%
Change -3.65 -2.93 -1.48 - +5.74 +37.39
Level Minor Intermediate Intermediate - Intermediate Minor



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
Standard20.9121.1921.5021.7822.0922.3722.68
Camarilla21.6621.7121.7721.8221.8721.9321.98
Woodie20.9421.2021.5321.7922.1222.3822.71
Fibonacci21.1921.4121.5521.7822.0022.1422.37


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.2814.6318.2221.5725.1628.5132.10
Camarilla19.9120.5521.1821.8222.4623.0923.73
Woodie11.4114.6918.3521.6325.2928.5732.23
Fibonacci14.6317.2818.9221.5724.2225.8628.51


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.8811.5415.0117.6721.1423.8027.27
Camarilla16.8017.3717.9318.4919.0519.6120.18
Woodie9.3011.7415.4317.8721.5624.0027.69
Fibonacci11.5413.8815.3317.6720.0121.4623.80

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): 77.14
MACD (12,26,9): 0.3600
Directional Movement: 33.26
AROON (14): 92.86
DEMA (21): 22.82
Parabolic SAR (0,02-0,02-0,2): 21.88
Elder Ray (13): 1.08
Super Trend (3,10): 22.29
Zig ZAG (10): 23.99
VORTEX (21): 1.2300
Stochastique (14,3,5): 90.11
TEMA (21): 23.16
Williams %R (14): -6.89
Chande Momentum Oscillator (20): 2.00
Repulse (5,40,3): 5.4600
ROCnROLL: 1
TRIX (15,9): 0.1200
Courbe Coppock: 10.40
MA7: 22.11
MA20: 18.83
MA50: 17.16
MA100: 16.59
MAexp7: 22.98
MAexp20: 22.25
MAexp50: 22.02
MAexp100: 21.79
Price / MA7: +19.36%
Price / MA20: +40.15%
Price / MA50: +53.79%
Price / MA100: +59.07%
Price / MAexp7: +14.84%
Price / MAexp20: +18.61%
Price / MAexp50: +19.85%
Price / MAexp100: +21.11%

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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Londinia AI

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