ENJIN COIN - ENJ/USD - 1H - Technical analysis published on 03/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 0.620000 USD
My targets
0.706667 USD (+5.47%)
0.783333 USD (+16.92%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ENJIN COIN - ENJ/USD as long as the price remains well above 0.620000 USD. The buyers' bullish objective is set at 0.706667 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.783333 USD. If there is any crossing, the next objective would be the resistance located at 1.203000 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ENJIN COIN - ENJ/USD price is 0.670000 USD. On the day, this instrument gained +6.35% and was between 0.620000 USD and 0.700000 USD. This implies that the price is at +8.06% from its lowest and at -4.29% from its highest.0.620000
0.700000
0.670000
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this ENJIN COIN - ENJ/USD chart shows a strongly 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact 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 | 0.553333 | 0.600000 | 0.620000 | 0.670000 | 1.203000 | 2.195000 | 4.490000 |
| Change (%) | -17.41% | -10.45% | -7.46% | - | +79.55% | +227.61% | +570.15% |
| Change | -0.116667 | -0.070000 | -0.050000 | - | +0.533000 | +1.525000 | +3.820000 |
| Level | Intermediate | Major | Minor | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.520000 | 0.550000 | 0.590000 | 0.620000 | 0.660000 | 0.690000 | 0.730000 |
| Camarilla | 0.610750 | 0.617167 | 0.623583 | 0.630000 | 0.636417 | 0.642833 | 0.649250 |
| Woodie | 0.525000 | 0.552500 | 0.595000 | 0.622500 | 0.665000 | 0.692500 | 0.735000 |
| Fibonacci | 0.550000 | 0.576740 | 0.593260 | 0.620000 | 0.646740 | 0.663260 | 0.690000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.286667 | 0.363333 | 0.496667 | 0.573333 | 0.706667 | 0.783333 | 0.916667 |
| Camarilla | 0.572250 | 0.591500 | 0.610750 | 0.630000 | 0.649250 | 0.668500 | 0.687750 |
| Woodie | 0.315000 | 0.377500 | 0.525000 | 0.587500 | 0.735000 | 0.797500 | 0.945000 |
| Fibonacci | 0.363333 | 0.443553 | 0.493113 | 0.573333 | 0.653553 | 0.703113 | 0.783333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.103333 | 0.186667 | 0.303333 | 0.386667 | 0.503333 | 0.586667 | 0.703333 |
| Camarilla | 0.365000 | 0.383333 | 0.401667 | 0.420000 | 0.438333 | 0.456667 | 0.475000 |
| Woodie | 0.120000 | 0.195000 | 0.320000 | 0.395000 | 0.520000 | 0.595000 | 0.720000 |
| Fibonacci | 0.186667 | 0.263067 | 0.310267 | 0.386667 | 0.463067 | 0.510267 | 0.586667 |
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): | 55.50 | |
| MACD (12,26,9): | 0.0101 | |
| Directional Movement: | 19.393424 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.639879 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.620600 | |
| Elder Ray (13): | -0.000580 | |
| Super Trend (3,10): | 0.609045 | |
| Zig ZAG (10): | 0.630000 | |
| VORTEX (21): | 1.1154 | |
| Stochastique (14,3,5): | 58.33 | |
| TEMA (21): | 0.637758 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.000000 | |
| Repulse (5,40,3): | -1.8311 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2779 | |
| Courbe Coppock: | 4.24 |
| MA7: | 0.574286 | |
| MA20: | 0.462500 | |
| MA50: | 0.370000 | |
| MA100: | 0.359900 | |
| MAexp7: | 0.632351 | |
| MAexp20: | 0.625798 | |
| MAexp50: | 0.604372 | |
| MAexp100: | 0.580200 | |
| Price / MA7: | +16.67% | |
| Price / MA20: | +44.86% | |
| Price / MA50: | +81.08% | |
| Price / MA100: | +86.16% | |
| Price / MAexp7: | +5.95% | |
| Price / MAexp20: | +7.06% | |
| Price / MAexp50: | +10.86% | |
| Price / MAexp100: | +15.48% |
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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