Londinia Opportunities Analyses - 12/03/2021 (GMT) ENZYME - MLN/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | MLNUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 100.83 USDT
My targets
96.65 USDT (-2.39%)
87.54 USDT (-11.59%)
My analysis
ENZYME - MLN/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 100.83 USDT. The next support located at 96.65 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 87.54 USDT. Below this support, sellers could then target 59.60 USDT. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The ENZYME - MLN/USDT price is 99.02 USDT. On the day, this instrument lost -2.06% and was between 98.57 USDT and 103.85 USDT. This implies that the price is at +0.46% from its lowest and at -4.65% from its highest.98.57
103.85
99.02
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ENZYME - MLN/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 87.54 | 96.65 | 98.74 | 99.02 | 100.83 | 108.46 | 112.61 |
| Change (%) | -11.59% | -2.39% | -0.28% | - | +1.83% | +9.53% | +13.72% |
| Change | -11.48 | -2.37 | -0.28 | - | +1.81 | +9.44 | +13.59 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Minor |
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 | 93.08 | 95.97 | 98.54 | 101.43 | 104.00 | 106.89 | 109.46 |
| Camarilla | 99.60 | 100.10 | 100.60 | 101.10 | 101.60 | 102.10 | 102.60 |
| Woodie | 92.91 | 95.89 | 98.37 | 101.35 | 103.83 | 106.81 | 109.29 |
| Fibonacci | 95.97 | 98.06 | 99.35 | 101.43 | 103.52 | 104.81 | 106.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.92 | 86.75 | 93.94 | 105.77 | 112.96 | 124.79 | 131.98 |
| Camarilla | 95.89 | 97.63 | 99.38 | 101.12 | 102.86 | 104.61 | 106.35 |
| Woodie | 72.59 | 85.59 | 91.61 | 104.61 | 110.63 | 123.63 | 129.65 |
| Fibonacci | 86.75 | 94.02 | 98.51 | 105.77 | 113.04 | 117.53 | 124.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.78 | 65.21 | 84.78 | 116.21 | 135.78 | 167.21 | 186.78 |
| Camarilla | 90.32 | 94.99 | 99.67 | 104.34 | 109.02 | 113.69 | 118.37 |
| Woodie | 27.84 | 62.25 | 78.84 | 113.25 | 129.84 | 164.25 | 180.84 |
| Fibonacci | 65.21 | 84.70 | 96.73 | 116.21 | 135.70 | 147.73 | 167.21 |
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): | 36.91 | |
| MACD (12,26,9): | -0.2800 | |
| Directional Movement: | -9.30 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 101.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 103.66 | |
| Elder Ray (13): | -1.62 | |
| Super Trend (3,10): | 102.56 | |
| Zig ZAG (10): | 99.53 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 9.91 | |
| TEMA (21): | 100.99 | |
| Williams %R (14): | -96.10 | |
| Chande Momentum Oscillator (20): | -2.46 | |
| Repulse (5,40,3): | -3.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.35 |
| MA7: | 103.20 | |
| MA20: | 109.74 | |
| MA50: | 124.70 | |
| MA100: | 125.48 | |
| MAexp7: | 100.73 | |
| MAexp20: | 101.33 | |
| MAexp50: | 101.98 | |
| MAexp100: | 102.82 | |
| Price / MA7: | -4.05% | |
| Price / MA20: | -9.77% | |
| Price / MA50: | -20.59% | |
| Price / MA100: | -21.09% | |
| Price / MAexp7: | -1.70% | |
| Price / MAexp20: | -2.28% | |
| Price / MAexp50: | -2.90% | |
| Price / MAexp100: | -3.70% |
Quotes :
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Real time data
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