ENJIN COIN - ENJ/USDT - 1H - Technical analysis published on 11/28/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.058910 USDT
My targets
0.063234 USDT (+4.78%)
0.067887 USDT (+12.49%)
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 0.058910 USDT. The buyers” bullish objective is set at 0.063234 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.067887 USDT. If there is any crossing, the next objective would be the resistance located at 0.073340 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.6
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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
The ENJIN COIN - ENJ/USDT price is 0.060350 USDT. The price registered an increase of +4.38% on the session and was between 0.056930 USDT and 0.060660 USDT. This implies that the price is at +6.01% from its lowest and at -0.51% from its highest.0.056930
0.060660
0.060350
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 this 1H chart of ENJIN COIN - ENJ/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 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
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
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
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.052370 | 0.055565 | 0.058910 | 0.060350 | 0.063234 | 0.067887 | 0.073340 |
| Change (%) | -13.22% | -7.93% | -2.39% | - | +4.78% | +12.49% | +21.52% |
| Change | -0.007980 | -0.004785 | -0.001440 | - | +0.002884 | +0.007537 | +0.012990 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.045980 | 0.048540 | 0.053180 | 0.055740 | 0.060380 | 0.062940 | 0.067580 |
| Camarilla | 0.055840 | 0.056500 | 0.057160 | 0.057820 | 0.058480 | 0.059140 | 0.059800 |
| Woodie | 0.047020 | 0.049060 | 0.054220 | 0.056260 | 0.061420 | 0.063460 | 0.068620 |
| Fibonacci | 0.048540 | 0.051290 | 0.052990 | 0.055740 | 0.058490 | 0.060190 | 0.062940 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.029980 | 0.041220 | 0.050860 | 0.062100 | 0.071740 | 0.082980 | 0.092620 |
| Camarilla | 0.054758 | 0.056672 | 0.058586 | 0.060500 | 0.062414 | 0.064328 | 0.066242 |
| Woodie | 0.029180 | 0.040820 | 0.050060 | 0.061700 | 0.070940 | 0.082580 | 0.091820 |
| Fibonacci | 0.041220 | 0.049196 | 0.054124 | 0.062100 | 0.070076 | 0.075004 | 0.082980 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.010410 | 0.032340 | 0.048250 | 0.070180 | 0.086090 | 0.108020 | 0.123930 |
| Camarilla | 0.053754 | 0.057223 | 0.060691 | 0.064160 | 0.067629 | 0.071097 | 0.074566 |
| Woodie | 0.007400 | 0.030835 | 0.045240 | 0.068675 | 0.083080 | 0.106515 | 0.120920 |
| Fibonacci | 0.032340 | 0.046795 | 0.055725 | 0.070180 | 0.084635 | 0.093565 | 0.108020 |
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): | 60.00 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 18.895850 | |
| AROON (14): | 57.142853 | |
| DEMA (21): | 0.059084 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.057343 | |
| Elder Ray (13): | 0.001004 | |
| Super Trend (3,10): | 0.056164 | |
| Zig ZAG (10): | 0.059430 | |
| VORTEX (21): | 1.0747 | |
| Stochastique (14,3,5): | 67.99 | |
| TEMA (21): | 0.059272 | |
| Williams %R (14): | -32.71 | |
| Chande Momentum Oscillator (20): | 0.001440 | |
| Repulse (5,40,3): | 0.2426 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2213 | |
| Courbe Coppock: | 4.53 |
| MA7: | 0.056244 | |
| MA20: | 0.061672 | |
| MA50: | 0.062015 | |
| MA100: | 0.064989 | |
| MAexp7: | 0.058802 | |
| MAexp20: | 0.057853 | |
| MAexp50: | 0.056523 | |
| MAexp100: | 0.056289 | |
| Price / MA7: | +7.30% | |
| Price / MA20: | -2.14% | |
| Price / MA50: | -2.68% | |
| Price / MA100: | -7.14% | |
| Price / MAexp7: | +2.63% | |
| Price / MAexp20: | +4.32% | |
| Price / MAexp50: | +6.77% | |
| Price / MAexp100: | +7.21% |
This member declared not having a position on this financial instrument or a related financial instrument.
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