ENJIN COIN - ENJ/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	ENJUSD
ISIN:

ENJIN COIN - ENJ/USD - Daily - Technical analysis published on 05/17/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 2.02 USD

My targets

1.70 USD (-6.94%)

1.50 USD (-18.20%)

My analysis

ENJIN COIN - ENJ/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.02 USD. The next support located at 1.70 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.50 USD. Below this support, sellers could then target 1.16 USD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

5.5

Comment on the analysis

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 andyfabel. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ENJIN COIN - ENJ/USD price is 1.83 USD. The price is lower by -7.11% since the last closing and was between 1.73 USD and 2.01 USD. This implies that the price is at +5.78% from its lowest and at -8.96% from its highest.

1.73

2.01

1.83

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

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Daily of this ENJIN COIN - ENJ/USD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.24	1.16	1.83	2.02	2.32	2.77
Change (%)	-86.89%	-36.61%	-	+10.38%	+26.78%	+51.37%
Change	-1.59	-0.67	-	+0.19	+0.49	+0.94
Level	Major	Minor	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.47	1.64	1.81	1.98	2.15	2.32	2.49
Camarilla	1.88	1.91	1.94	1.97	2.00	2.03	2.06
Woodie	1.46	1.64	1.80	1.98	2.14	2.32	2.48
Fibonacci	1.64	1.77	1.85	1.98	2.11	2.19	2.32

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.05	1.50	1.72	2.17	2.39	2.84	3.06
Camarilla	1.77	1.83	1.89	1.95	2.01	2.07	2.13
Woodie	0.95	1.44	1.62	2.11	2.29	2.78	2.96
Fibonacci	1.50	1.75	1.91	2.17	2.42	2.58	2.84

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.51	0.64	1.70	2.85	3.91	5.06	6.12
Camarilla	2.16	2.37	2.57	2.77	2.97	3.18	3.38
Woodie	-0.55	0.62	1.67	2.83	3.88	5.04	6.09
Fibonacci	0.64	1.48	2.00	2.85	3.69	4.21	5.06

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):	35.77
MACD (12,26,9):	-0.1600
Directional Movement:	-10.05
AROON (14):	-100.00
DEMA (21):	2.08
Parabolic SAR (0,02-0,02-0,2):	2.70
Elder Ray (13):	-0.30
Super Trend (3,10):	2.73
Zig ZAG (10):	1.84
VORTEX (21):	0.9500
Stochastique (14,3,5):	9.69
TEMA (21):	1.92
Williams %R (14):	-88.83
Chande Momentum Oscillator (20):	-0.75
Repulse (5,40,3):	-15.5200
ROCnROLL:	2
TRIX (15,9):	-0.6200
Courbe Coppock:	42.28

MA7:	2.04
MA20:	2.37
MA50:	2.55
MA100:	1.93
MAexp7:	2.04
MAexp20:	2.26
MAexp50:	2.30
MAexp100:	1.96
Price / MA7:	-10.29%
Price / MA20:	-22.78%
Price / MA50:	-28.24%
Price / MA100:	-5.18%
Price / MAexp7:	-10.29%
Price / MAexp20:	-19.03%
Price / MAexp50:	-20.43%
Price / MAexp100:	-6.63%

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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