ENJIN COIN - ENJ/USDT - 1H - Technical analysis published on 04/08/2022 (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:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.74 USDT
My targets
1.80 USDT (+2.27%)
1.93 USDT (+9.66%)
My analysis
ENJIN COIN - ENJ/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.74 USDT. The next resistance located at 1.80 USDT is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.93 USDT. After this resistance, buyers could then target 2.19 USDT.
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
0
10
7
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This analysis was given by Oli. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ENJIN COIN - ENJ/USDT price is 1.76 USDT. The price registered an increase of +5.39% on the session and was between 1.66 USDT and 1.76 USDT. This implies that the price is at +6.02% from its lowest and at 0% from its highest.1.66
1.76
1.76
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ENJIN COIN - ENJ/USDT:
Technical
Technical analysis of this 1H chart of ENJIN COIN - ENJ/USDT indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 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 : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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 | 1.60 | 1.70 | 1.74 | 1.76 | 1.80 | 1.93 | 2.19 |
| Change (%) | -9.09% | -3.41% | -1.14% | - | +2.27% | +9.66% | +24.43% |
| Change | -0.16 | -0.06 | -0.02 | - | +0.04 | +0.17 | +0.43 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Intermediate |
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 | 1.27 | 1.38 | 1.52 | 1.63 | 1.77 | 1.88 | 2.02 |
| Camarilla | 1.60 | 1.62 | 1.65 | 1.67 | 1.69 | 1.72 | 1.74 |
| Woodie | 1.30 | 1.39 | 1.55 | 1.64 | 1.80 | 1.89 | 2.05 |
| Fibonacci | 1.38 | 1.47 | 1.53 | 1.63 | 1.72 | 1.78 | 1.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.36 | 1.50 | 1.68 | 1.82 | 2.00 | 2.14 | 2.32 |
| Camarilla | 1.76 | 1.79 | 1.82 | 1.85 | 1.88 | 1.91 | 1.94 |
| Woodie | 1.37 | 1.51 | 1.69 | 1.83 | 2.01 | 2.15 | 2.33 |
| Fibonacci | 1.50 | 1.63 | 1.70 | 1.82 | 1.95 | 2.02 | 2.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.71 | 0.99 | 1.40 | 1.68 | 2.09 | 2.37 | 2.78 |
| Camarilla | 1.61 | 1.67 | 1.74 | 1.80 | 1.86 | 1.93 | 1.99 |
| Woodie | 0.77 | 1.02 | 1.46 | 1.71 | 2.15 | 2.40 | 2.84 |
| Fibonacci | 0.99 | 1.26 | 1.42 | 1.68 | 1.95 | 2.11 | 2.37 |
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): | 65.48 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 8.20 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 1.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.66 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 1.65 | |
| Zig ZAG (10): | 1.74 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 75.84 | |
| TEMA (21): | 1.72 | |
| Williams %R (14): | -8.14 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 1.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 4.98 |
| MA7: | 1.73 | |
| MA20: | 1.68 | |
| MA50: | 1.53 | |
| MA100: | 1.81 | |
| MAexp7: | 1.71 | |
| MAexp20: | 1.69 | |
| MAexp50: | 1.67 | |
| MAexp100: | 1.69 | |
| Price / MA7: | +1.73% | |
| Price / MA20: | +4.76% | |
| Price / MA50: | +15.03% | |
| Price / MA100: | -2.76% | |
| Price / MAexp7: | +2.92% | |
| Price / MAexp20: | +4.14% | |
| Price / MAexp50: | +5.39% | |
| Price / MAexp100: | +4.14% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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