ENJIN COIN - ENJ/USDT - 1H - Technical analysis published on 06/15/2021 (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:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 1.36 USDT
My targets
1.48 USDT (+7.46%)
1.56 USDT (+13.04%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ENJIN COIN - ENJ/USDT. As long as you are above the support located at 1.36 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.48 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.56 USDT as an objective. Crossing it would then enable buyers to target 1.65 USDT. If the support 1.36 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.1
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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
ENJIN COIN - ENJ/USDT rating 1.38 USDT. On the day, this instrument lost -3.50% with the lowest point at 1.37 USDT and the highest point at 1.49 USDT. The deviation from the price is +0.73% for the low point and -7.38% for the high point.1.37
1.49
1.38
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:
Technical
Technical analysis of ENJIN COIN - ENJ/USDT in 1H shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.20 | 1.27 | 1.36 | 1.38 | 1.49 | 1.56 | 1.65 |
| Change (%) | -13.04% | -7.97% | -1.45% | - | +7.97% | +13.04% | +19.57% |
| Change | -0.18 | -0.11 | -0.02 | - | +0.11 | +0.18 | +0.27 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | 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 | 1.08 | 1.18 | 1.30 | 1.40 | 1.52 | 1.62 | 1.74 |
| Camarilla | 1.37 | 1.39 | 1.41 | 1.43 | 1.45 | 1.47 | 1.49 |
| Woodie | 1.10 | 1.19 | 1.32 | 1.41 | 1.54 | 1.63 | 1.76 |
| Fibonacci | 1.18 | 1.26 | 1.31 | 1.40 | 1.48 | 1.53 | 1.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.66 | 0.91 | 1.07 | 1.32 | 1.48 | 1.73 | 1.89 |
| Camarilla | 1.13 | 1.17 | 1.20 | 1.24 | 1.28 | 1.32 | 1.35 |
| Woodie | 0.63 | 0.89 | 1.04 | 1.30 | 1.45 | 1.71 | 1.86 |
| Fibonacci | 0.91 | 1.06 | 1.16 | 1.32 | 1.47 | 1.57 | 1.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.45 | -0.36 | 0.64 | 1.73 | 2.73 | 3.82 | 4.82 |
| Camarilla | 1.06 | 1.25 | 1.44 | 1.63 | 1.82 | 2.01 | 2.21 |
| Woodie | -1.51 | -0.38 | 0.59 | 1.71 | 2.68 | 3.80 | 4.77 |
| Fibonacci | -0.36 | 0.44 | 0.94 | 1.73 | 2.53 | 3.03 | 3.82 |
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): | 46.12 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 0.35 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 1.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.47 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 1.36 | |
| Zig ZAG (10): | 1.37 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 19.63 | |
| TEMA (21): | 1.41 | |
| Williams %R (14): | -92.98 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | -2.1600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 0.18 |
| MA7: | 1.33 | |
| MA20: | 1.44 | |
| MA50: | 1.82 | |
| MA100: | 2.15 | |
| MAexp7: | 1.41 | |
| MAexp20: | 1.40 | |
| MAexp50: | 1.37 | |
| MAexp100: | 1.34 | |
| Price / MA7: | +3.76% | |
| Price / MA20: | -4.17% | |
| Price / MA50: | -24.18% | |
| Price / MA100: | -35.81% | |
| Price / MAexp7: | -2.13% | |
| Price / MAexp20: | -1.43% | |
| Price / MAexp50: | +0.73% | |
| Price / MAexp100: | +2.99% |
Quotes :
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Real time data
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Cryptocompare
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