ENJIN COIN - ENJ/USD - 1H - Technical analysis published on 06/16/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 1.35 USD
My targets
1.48 USD (+3.50%)
1.57 USD (+9.79%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ENJIN COIN - ENJ/USD. As long as you are above the support located at 1.35 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.48 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.57 USD as an objective. Crossing it would then enable buyers to target 1.65 USD. If the support 1.35 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ENJIN COIN - ENJ/USD price is 1.43 USD. On the day, this instrument gained +2.14% with the lowest point at 1.35 USD and the highest point at 1.54 USD. The deviation from the price is +5.93% for the low point and -7.14% for the high point.1.35
1.54
1.43
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Technical analysis of ENJIN COIN - ENJ/USD in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 8 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
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 | 1.20 | 1.27 | 1.35 | 1.43 | 1.48 | 1.57 | 1.65 |
| Change (%) | -16.08% | -11.19% | -5.59% | - | +3.50% | +9.79% | +15.38% |
| Change | -0.23 | -0.16 | -0.08 | - | +0.05 | +0.14 | +0.22 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.23 | 1.30 | 1.35 | 1.42 | 1.47 | 1.54 | 1.59 |
| Camarilla | 1.37 | 1.38 | 1.39 | 1.40 | 1.41 | 1.42 | 1.43 |
| Woodie | 1.22 | 1.30 | 1.34 | 1.42 | 1.46 | 1.54 | 1.58 |
| Fibonacci | 1.30 | 1.35 | 1.37 | 1.42 | 1.47 | 1.49 | 1.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.64 | 0.90 | 1.06 | 1.32 | 1.48 | 1.74 | 1.90 |
| Camarilla | 1.12 | 1.15 | 1.19 | 1.23 | 1.27 | 1.31 | 1.35 |
| Woodie | 0.60 | 0.88 | 1.02 | 1.30 | 1.44 | 1.72 | 1.86 |
| Fibonacci | 0.90 | 1.06 | 1.16 | 1.32 | 1.48 | 1.58 | 1.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.45 | -0.36 | 0.64 | 1.73 | 2.73 | 3.82 | 4.82 |
| Camarilla | 1.06 | 1.25 | 1.44 | 1.63 | 1.82 | 2.01 | 2.21 |
| Woodie | -1.51 | -0.38 | 0.59 | 1.71 | 2.68 | 3.80 | 4.77 |
| Fibonacci | -0.36 | 0.44 | 0.94 | 1.73 | 2.53 | 3.03 | 3.82 |
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): | 50.28 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 4.49 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 1.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.54 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 1.41 | |
| Zig ZAG (10): | 1.43 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 43.19 | |
| TEMA (21): | 1.45 | |
| Williams %R (14): | -67.05 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | -0.9300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 8.44 |
| MA7: | 1.34 | |
| MA20: | 1.43 | |
| MA50: | 1.80 | |
| MA100: | 2.15 | |
| MAexp7: | 1.44 | |
| MAexp20: | 1.43 | |
| MAexp50: | 1.41 | |
| MAexp100: | 1.37 | |
| Price / MA7: | +6.72% | |
| Price / MA20: | -0% | |
| Price / MA50: | -20.56% | |
| Price / MA100: | -33.49% | |
| Price / MAexp7: | -0.69% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +1.42% | |
| Price / MAexp100: | +4.38% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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