ENJIN COIN - ENJ/USD - Weekly - Technical analysis published on 11/03/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 2.19 USD
My targets
3.42 USD (+19.58%)
My analysis
ENJIN COIN - ENJ/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.19 USD. The next resistance located at 3.42 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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This analysis was given by baltbach. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ENJIN COIN - ENJ/USD price is 2.86 USD. Over 5 days, this instrument gained +23.28% and was traded between 2.29 USD and 3.50 USD over the period. The price is currently at +24.89% from its lowest point and -18.29% from its highest point.2.29
3.50
2.86
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of ENJIN COIN - ENJ/USD in Weekly shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Weekly
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Weekly
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Weekly
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Weekly
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Weekly
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Weekly
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.92 | 1.20 | 2.19 | 2.86 | 3.42 |
| Change (%) | -67.83% | -58.04% | -23.43% | - | +19.58% |
| Change | -1.94 | -1.66 | -0.67 | - | +0.56 |
| Level | Major | Intermediate | Major | - | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 2.00 | 2.29 | 2.70 | 2.99 | 3.40 | 3.69 | 4.10 |
| Camarilla | 2.93 | 2.99 | 3.06 | 3.12 | 3.18 | 3.25 | 3.31 |
| Woodie | 2.07 | 2.32 | 2.77 | 3.02 | 3.47 | 3.72 | 4.17 |
| Fibonacci | 2.29 | 2.55 | 2.72 | 2.99 | 3.25 | 3.42 | 3.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.52 | 1.12 | 2.09 | 2.69 | 3.66 | 4.26 | 5.23 |
| Camarilla | 2.62 | 2.76 | 2.91 | 3.05 | 3.19 | 3.34 | 3.48 |
| Woodie | 0.70 | 1.21 | 2.27 | 2.78 | 3.84 | 4.35 | 5.41 |
| Fibonacci | 1.12 | 1.72 | 2.09 | 2.69 | 3.29 | 3.66 | 4.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.80 | 0.25 | 1.41 | 2.46 | 3.62 | 4.67 | 5.83 |
| Camarilla | 1.97 | 2.18 | 2.38 | 2.58 | 2.78 | 2.99 | 3.19 |
| Woodie | -0.74 | 0.28 | 1.48 | 2.49 | 3.69 | 4.70 | 5.90 |
| Fibonacci | 0.25 | 1.09 | 1.61 | 2.46 | 3.30 | 3.82 | 4.67 |
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): | 67.07 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | 19.17 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 2.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.33 | |
| Elder Ray (13): | 0.94 | |
| Super Trend (3,10): | 1.11 | |
| Zig ZAG (10): | 2.87 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 75.37 | |
| TEMA (21): | 2.26 | |
| Williams %R (14): | -27.71 | |
| Chande Momentum Oscillator (20): | 1.18 | |
| Repulse (5,40,3): | 34.9100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.3300 | |
| Courbe Coppock: | 108.88 |
| MA7: | 2.71 | |
| MA20: | 2.12 | |
| MA50: | 1.75 | |
| MA100: | 1.73 | |
| MAexp7: | 2.24 | |
| MAexp20: | 1.86 | |
| MAexp50: | 1.44 | |
| MAexp100: | 1.02 | |
| Price / MA7: | +5.54% | |
| Price / MA20: | +34.91% | |
| Price / MA50: | +63.43% | |
| Price / MA100: | +65.32% | |
| Price / MAexp7: | +27.68% | |
| Price / MAexp20: | +53.76% | |
| Price / MAexp50: | +98.61% | |
| Price / MAexp100: | +180.39% |
Quotes :
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Real time data
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