ENJIN COIN - ENJ/USDT
ENJIN COIN - ENJ/USDT
- USDT (-)
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Type: Cryptocurrencies
Ticker: ENJUSDT
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ENJIN COIN - ENJ/USDT - 1H - Technical analysis published on 11/14/2019 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.062613 USDT
My targets
0.064451 USDT (+2.01%)
0.066450 USDT (+5.18%)
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/USDT as long as the price remains well above 0.062613 USDT. The buyers” bullish objective is set at 0.064451 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.066450 USDT. If there is any crossing, the next objective would be the resistance located at 0.068600 USDT.

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
5.5

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ENJIN COIN - ENJ/USDT price is 0.063180 USDT. The price registered an increase of +1.09% on the session and was traded between 0.060890 USDT and 0.063450 USDT over the period. The price is currently at +3.76% from its lowest and -0.43% from its highest.

0.060890
0.063450
0.063180

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

Central Gaps

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 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.059871 0.060855 0.062613 0.063180 0.064451 0.066450 0.068600
Change (%) -5.24% -3.68% -0.90% - +2.01% +5.18% +8.58%
Change -0.003309 -0.002325 -0.000567 - +0.001271 +0.003270 +0.005420
Level Intermediate Intermediate Intermediate - Minor Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0587970.0598330.0611670.0622030.0635370.0645730.065907
Camarilla0.0618480.0620660.0622830.0625000.0627170.0629350.063152
Woodie0.0589450.0599080.0613150.0622780.0636850.0646480.066055
Fibonacci0.0598330.0607390.0612980.0622030.0631090.0636680.064573


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0504270.0555230.0592570.0643530.0680870.0731830.076917
Camarilla0.0605620.0613710.0621810.0629900.0637990.0646090.065418
Woodie0.0497450.0551830.0585750.0640130.0674050.0728430.076235
Fibonacci0.0555230.0588960.0609800.0643530.0677260.0698100.073183


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0104100.0323400.0482500.0701800.0860900.1080200.123930
Camarilla0.0537540.0572230.0606910.0641600.0676290.0710970.074566
Woodie0.0074000.0308350.0452400.0686750.0830800.1065150.120920
Fibonacci0.0323400.0467950.0557250.0701800.0846350.0935650.108020

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): 54.66
MACD (12,26,9): 0.0001
Directional Movement: 4.851473
AROON (14): 14.285714
DEMA (21): 0.062315
Parabolic SAR (0,02-0,02-0,2): 0.060992
Elder Ray (13): 0.000385
Super Trend (3,10): 0.060177
Zig ZAG (10): 0.062770
VORTEX (21): 0.9827
Stochastique (14,3,5): 63.80
TEMA (21): 0.062478
Williams %R (14): -30.08
Chande Momentum Oscillator (20): 0.000180
Repulse (5,40,3): 0.1191
ROCnROLL: 1
TRIX (15,9): 0.0187
Courbe Coppock: 0.47
MA7: 0.062357
MA20: 0.064097
MA50: 0.061639
MA100: 0.065610
MAexp7: 0.062407
MAexp20: 0.062203
MAexp50: 0.062150
MAexp100: 0.062388
Price / MA7: +1.32%
Price / MA20: -1.43%
Price / MA50: +2.50%
Price / MA100: -3.70%
Price / MAexp7: +1.24%
Price / MAexp20: +1.57%
Price / MAexp50: +1.66%
Price / MAexp100: +1.27%

This member declared not having a position on this financial instrument or a related financial instrument.

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