ENJIN COIN - ENJ/USD - 1H - Technical analysis published on 11/03/2021 (GMT)
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- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 2.77 USD
My targets
3.08 USD (+7.69%)
3.27 USD (+14.34%)
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 2.77 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 3.08 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 3.27 USD as an objective. Crossing it would then enable buyers to target 3.42 USD. If the support 2.77 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.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.4
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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 rating is 2.86 USD. The price registered a decrease of -8.33% on the session with the lowest point at 2.85 USD and the highest point at 3.21 USD. The deviation from the price is +0.35% for the low point and -10.90% for the high point.2.85
3.21
2.86
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this ENJIN COIN - ENJ/USD chart shows a bullish trend. 71.43% 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 does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.00 | 2.19 | 2.77 | 2.86 | 3.08 | 3.27 | 3.42 |
| Change (%) | -30.07% | -23.43% | -3.15% | - | +7.69% | +14.34% | +19.58% |
| Change | -0.86 | -0.67 | -0.09 | - | +0.22 | +0.41 | +0.56 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.63 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 1.48 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 3.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.22 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 2.80 | |
| Zig ZAG (10): | 2.87 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 4.68 | |
| TEMA (21): | 2.98 | |
| Williams %R (14): | -97.22 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | -4.7700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3400 | |
| Courbe Coppock: | 1.75 |
| MA7: | 2.71 | |
| MA20: | 2.12 | |
| MA50: | 1.75 | |
| MA100: | 1.73 | |
| MAexp7: | 2.95 | |
| MAexp20: | 2.96 | |
| MAexp50: | 2.85 | |
| MAexp100: | 2.72 | |
| Price / MA7: | +5.54% | |
| Price / MA20: | +34.91% | |
| Price / MA50: | +63.43% | |
| Price / MA100: | +65.32% | |
| Price / MAexp7: | -3.05% | |
| Price / MAexp20: | -3.38% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +5.15% |
Quotes :
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Real time data
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