ENJIN COIN - ENJ/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ENJUSDT
ISIN:

ENJIN COIN - ENJ/USDT - Daily - Technical analysis published on 08/30/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 2.03 USDT

My targets

2.31 USDT (+8.96%)

2.77 USDT (+30.66%)

My analysis

The bullish trend is currently very strong on ENJIN COIN - ENJ/USDT. As long as the price remains above the support at 2.03 USDT, you could try to benefit from the boom. The first bullish objective is located at 2.31 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.77 USDT as an objective. Crossing it would then enable buyers to target 3.42 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ENJIN COIN - ENJ/USDT rating is 2.12 USDT. The price registered a decrease of -2.75% on the session and was between 2.06 USDT and 2.32 USDT. This implies that the price is at +2.91% from its lowest and at -8.62% from its highest.

2.06

2.32

2.12

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of ENJIN COIN - ENJ/USDT in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.23	1.68	2.03	2.12	2.31	2.77	3.42
Change (%)	-41.98%	-20.75%	-4.25%	-	+8.96%	+30.66%	+61.32%
Change	-0.89	-0.44	-0.09	-	+0.19	+0.65	+1.30
Level	Minor	Major	Intermediate	-	Minor	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	1.74	1.85	2.01	2.12	2.28	2.39	2.55
Camarilla	2.11	2.13	2.16	2.18	2.21	2.23	2.25
Woodie	1.78	1.86	2.05	2.13	2.32	2.40	2.59
Fibonacci	1.85	1.95	2.01	2.12	2.22	2.28	2.39

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.34	1.53	1.80	1.99	2.26	2.45	2.72
Camarilla	1.93	1.98	2.02	2.06	2.10	2.14	2.19
Woodie	1.37	1.55	1.83	2.01	2.29	2.47	2.75
Fibonacci	1.53	1.71	1.82	1.99	2.17	2.28	2.45

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.51	0.72	1.08	1.29	1.65	1.86	2.22
Camarilla	1.28	1.34	1.39	1.44	1.49	1.55	1.60
Woodie	0.59	0.76	1.16	1.33	1.73	1.90	2.30
Fibonacci	0.72	0.94	1.07	1.29	1.51	1.64	1.86

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):	64.79
MACD (12,26,9):	0.1800
Directional Movement:	20.15
AROON (14):	85.71
DEMA (21):	2.07
Parabolic SAR (0,02-0,02-0,2):	1.67
Elder Ray (13):	0.28
Super Trend (3,10):	1.60
Zig ZAG (10):	2.15
VORTEX (21):	1.1800
Stochastique (14,3,5):	86.08
TEMA (21):	2.15
Williams %R (14):	-17.48
Chande Momentum Oscillator (20):	0.64
Repulse (5,40,3):	7.1900
ROCnROLL:	1
TRIX (15,9):	1.3900
Courbe Coppock:	55.06

MA7:	2.03
MA20:	1.81
MA50:	1.52
MA100:	1.40
MAexp7:	2.04
MAexp20:	1.85
MAexp50:	1.63
MAexp100:	1.56
Price / MA7:	+4.43%
Price / MA20:	+17.13%
Price / MA50:	+39.47%
Price / MA100:	+51.43%
Price / MAexp7:	+3.92%
Price / MAexp20:	+14.59%
Price / MAexp50:	+30.06%
Price / MAexp100:	+35.90%

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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