ENJIN COIN - ENJ/USD - 1H - Technical analysis published on 12/10/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 2.85 USD
My targets
2.37 USD (-10.23%)
2.19 USD (-17.05%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2.85 USD remains possible. It is advisable to trade ENJIN COIN - ENJ/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2.85 USD. The next bearish objective for sellers is set at 2.37 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.19 USD. In case of crossing, the next objective would be the support located at 1.96 USD. PS: if there is a bullish break in the resistance located at 2.85 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish 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
0.2
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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 rating is 2.64 USD. On the day, this instrument gained +2.72% with the lowest point at 2.49 USD and the highest point at 2.67 USD. The deviation from the price is +6.02% for the low point and -1.12% for the high point.2.49
2.67
2.64
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of ENJIN COIN - ENJ/USD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.19 | 2.37 | 2.64 | 2.64 | 2.85 | 3.29 | 3.42 |
| Change (%) | -17.05% | -10.23% | 0% | - | +7.95% | +24.62% | +29.55% |
| Change | -0.45 | -0.27 | 0 | - | +0.21 | +0.65 | +0.78 |
| Level | Major | Intermediate | Minor | - | Major | Minor | 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 | 2.07 | 2.31 | 2.44 | 2.68 | 2.81 | 3.05 | 3.18 |
| Camarilla | 2.47 | 2.50 | 2.54 | 2.57 | 2.60 | 2.64 | 2.67 |
| Woodie | 2.02 | 2.28 | 2.39 | 2.65 | 2.76 | 3.02 | 3.13 |
| Fibonacci | 2.31 | 2.45 | 2.54 | 2.68 | 2.82 | 2.91 | 3.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.06 | 1.01 | 2.02 | 2.97 | 3.98 | 4.93 | 5.94 |
| Camarilla | 2.49 | 2.67 | 2.85 | 3.03 | 3.21 | 3.39 | 3.57 |
| Woodie | 0.09 | 1.03 | 2.05 | 2.99 | 4.01 | 4.95 | 5.97 |
| Fibonacci | 1.01 | 1.76 | 2.22 | 2.97 | 3.72 | 4.18 | 4.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.15 | 1.11 | 2.31 | 3.57 | 4.77 | 6.03 | 7.23 |
| Camarilla | 2.82 | 3.05 | 3.28 | 3.50 | 3.73 | 3.95 | 4.18 |
| Woodie | -0.19 | 1.10 | 2.27 | 3.56 | 4.73 | 6.02 | 7.19 |
| Fibonacci | 1.11 | 2.05 | 2.63 | 3.57 | 4.51 | 5.09 | 6.03 |
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): | 48.52 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | 1.31 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 2.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.49 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 2.72 | |
| Zig ZAG (10): | 2.61 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 64.81 | |
| TEMA (21): | 2.56 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2600 | |
| Courbe Coppock: | 1.22 |
| MA7: | 2.79 | |
| MA20: | 3.38 | |
| MA50: | 3.02 | |
| MA100: | 2.32 | |
| MAexp7: | 2.59 | |
| MAexp20: | 2.61 | |
| MAexp50: | 2.68 | |
| MAexp100: | 2.75 | |
| Price / MA7: | -5.38% | |
| Price / MA20: | -21.89% | |
| Price / MA50: | -12.58% | |
| Price / MA100: | +13.79% | |
| Price / MAexp7: | +1.93% | |
| Price / MAexp20: | +1.15% | |
| Price / MAexp50: | -1.49% | |
| Price / MAexp100: | -4.00% |
Quotes :
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Real time data
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