ENJIN COIN - ENJ/USD - Daily - Technical analysis published on 11/15/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 2.46 USD
My targets
3.42 USD (+7.55%)
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 2.46 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
7.9
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This analysis was given by baltbach. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ENJIN COIN - ENJ/USD rating 3.18 USD. The price has increased by +3.25% since the last closing and was between 3.05 USD and 3.24 USD. This implies that the price is at +4.26% from its lowest and at -1.85% from its highest.3.05
3.24
3.18
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of ENJIN COIN - ENJ/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White hanging man / hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.53 | 2.19 | 3.12 | 3.18 | 3.42 |
| Change (%) | -51.89% | -31.13% | -1.89% | - | +7.55% |
| Change | -1.65 | -0.99 | -0.06 | - | +0.24 |
| Level | Minor | Major | Intermediate | - | 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 | 2.85 | 2.89 | 2.99 | 3.03 | 3.13 | 3.17 | 3.27 |
| Camarilla | 3.04 | 3.05 | 3.07 | 3.08 | 3.09 | 3.11 | 3.12 |
| Woodie | 2.87 | 2.91 | 3.01 | 3.05 | 3.15 | 3.19 | 3.29 |
| Fibonacci | 2.89 | 2.95 | 2.98 | 3.03 | 3.09 | 3.12 | 3.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.54 | 2.07 | 2.57 | 3.10 | 3.60 | 4.13 | 4.63 |
| Camarilla | 2.80 | 2.89 | 2.99 | 3.08 | 3.17 | 3.27 | 3.36 |
| Woodie | 1.54 | 2.06 | 2.57 | 3.09 | 3.60 | 4.12 | 4.63 |
| Fibonacci | 2.07 | 2.46 | 2.70 | 3.10 | 3.49 | 3.73 | 4.13 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.42 | |
| MACD (12,26,9): | 0.2900 | |
| Directional Movement: | 15.73 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 3.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.42 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 2.14 | |
| Zig ZAG (10): | 3.19 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 57.05 | |
| TEMA (21): | 3.30 | |
| Williams %R (14): | -41.75 | |
| Chande Momentum Oscillator (20): | 0.33 | |
| Repulse (5,40,3): | 5.9500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 2.1300 | |
| Courbe Coppock: | 41.58 |
| MA7: | 3.03 | |
| MA20: | 2.91 | |
| MA50: | 2.14 | |
| MA100: | 1.94 | |
| MAexp7: | 3.09 | |
| MAexp20: | 2.84 | |
| MAexp50: | 2.38 | |
| MAexp100: | 2.06 | |
| Price / MA7: | +4.95% | |
| Price / MA20: | +9.28% | |
| Price / MA50: | +48.60% | |
| Price / MA100: | +63.92% | |
| Price / MAexp7: | +2.91% | |
| Price / MAexp20: | +11.97% | |
| Price / MAexp50: | +33.61% | |
| Price / MAexp100: | +54.37% |
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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