ENJIN COIN - ENJ/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	ENJUSD
ISIN:

ENJIN COIN - ENJ/USD - Daily - Technical analysis published on 07/21/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

83%

17%

My opinion

Bullish above 0.520000 USD

My targets

0.660000 USD (+6.45%)

0.810000 USD (+30.65%)

My analysis

The strong short-term increase in ENJIN COIN - ENJ/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.520000 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.660000 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.810000 USD as an objective. Crossing it would then enable buyers to target 1.203000 USD. Caution, a return under 0.520000 USD could jeopardize the reversal.

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

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ENJIN COIN - ENJ/USD rating 0.620000 USD. On the day, this instrument gained +5.09% and was between 0.590000 USD and 0.620000 USD. This implies that the price is at +5.08% from its lowest and at 0% from its highest.

0.590000

0.620000

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on ENJIN COIN - ENJ/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this ENJIN COIN - ENJ/USD chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.410000	0.620000	1.203000	1.505390	1.880000
Change (%)	-33.87%	-	+94.03%	+142.80%	+203.23%
Change	-0.210000	-	+0.583000	+0.885390	+1.260000
Level	Major	-	Minor	Intermediate	Minor

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	0.453333	0.516667	0.553333	0.616667	0.653333	0.716667	0.753333
Camarilla	0.562500	0.571667	0.580833	0.590000	0.599167	0.608333	0.617500
Woodie	0.440000	0.510000	0.540000	0.610000	0.640000	0.710000	0.740000
Fibonacci	0.516667	0.554867	0.578467	0.616667	0.654867	0.678467	0.716667

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.326667	0.383333	0.446667	0.503333	0.566667	0.623333	0.686667
Camarilla	0.477000	0.488000	0.499000	0.510000	0.521000	0.532000	0.543000
Woodie	0.330000	0.385000	0.450000	0.505000	0.570000	0.625000	0.690000
Fibonacci	0.383333	0.429173	0.457493	0.503333	0.549173	0.577493	0.623333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.080000	0.230000	0.370000	0.520000	0.660000	0.810000	0.950000
Camarilla	0.430250	0.456833	0.483417	0.510000	0.536583	0.563167	0.589750
Woodie	0.075000	0.227500	0.365000	0.517500	0.655000	0.807500	0.945000
Fibonacci	0.230000	0.340780	0.409220	0.520000	0.630780	0.699220	0.810000

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):	58.24
MACD (12,26,9):	0.0109
Directional Movement:	17.780019
AROON (14):	50.000000
DEMA (21):	0.544598
Parabolic SAR (0,02-0,02-0,2):	0.464071
Elder Ray (13):	0.043557
Super Trend (3,10):	0.473208
Zig ZAG (10):	0.600000
VORTEX (21):	1.1333
Stochastique (14,3,5):	74.63
TEMA (21):	0.579988
Williams %R (14):	-33.33
Chande Momentum Oscillator (20):	0.040000
Repulse (5,40,3):	3.2890
ROCnROLL:	-1
TRIX (15,9):	-0.0041
Courbe Coppock:	12.02

MA7:	0.555714
MA20:	0.521500
MA50:	0.529200
MA100:	0.764900
MAexp7:	0.569153
MAexp20:	0.537336
MAexp50:	0.584027
MAexp100:	0.802285
Price / MA7:	+11.57%
Price / MA20:	+18.89%
Price / MA50:	+17.16%
Price / MA100:	-18.94%
Price / MAexp7:	+8.93%
Price / MAexp20:	+15.38%
Price / MAexp50:	+6.16%
Price / MAexp100:	-22.72%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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