ENZYME - MLN/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	MLNUSD
ISIN:

ENZYME - MLN/USD - 1H - Technical analysis published on 08/24/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 17.16 USD

My targets

18.32 USD (+1.78%)

20.06 USD (+11.44%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ENZYME - MLN/USD as long as the price remains well above 17.16 USD. The buyers' bullish objective is set at 18.32 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.06 USD. If there is any crossing, the next objective would be the resistance located at 22.33 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

6.8

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

Additional analysis

Quotes

ENZYME - MLN/USD rating 18.00 USD. The price registered a decrease of -0.17% on the session with the lowest point at 17.42 USD and the highest point at 18.65 USD. The deviation from the price is +3.33% for the low point and -3.49% for the high point.

17.42

18.65

18.00

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

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ENZYME - MLN/USD:

Technical

Technical analysis of this 1H chart of ENZYME - MLN/USD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	15.69	16.21	17.16	18.00	18.32	20.06	22.33
Change (%)	-12.83%	-9.94%	-4.67%	-	+1.78%	+11.44%	+24.06%
Change	-2.31	-1.79	-0.84	-	+0.32	+2.06	+4.33
Level	Intermediate	Intermediate	Major	-	Intermediate	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	15.97	16.52	17.27	17.82	18.57	19.12	19.87
Camarilla	17.67	17.79	17.91	18.03	18.15	18.27	18.39
Woodie	16.08	16.57	17.38	17.87	18.68	19.17	19.98
Fibonacci	16.52	17.01	17.32	17.82	18.31	18.62	19.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.01	12.17	14.01	16.17	18.01	20.17	22.01
Camarilla	14.75	15.12	15.48	15.85	16.22	16.58	16.95
Woodie	9.85	12.09	13.85	16.09	17.85	20.09	21.85
Fibonacci	12.17	13.70	14.64	16.17	17.70	18.64	20.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.29	13.79	15.58	19.08	20.87	24.37	26.16
Camarilla	15.93	16.41	16.90	17.38	17.87	18.35	18.84
Woodie	9.45	13.36	14.74	18.65	20.03	23.94	25.32
Fibonacci	13.79	15.81	17.06	19.08	21.10	22.35	24.37

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):	60.59
MACD (12,26,9):	0.1800
Directional Movement:	14.50
AROON (14):	42.86
DEMA (21):	18.31
Parabolic SAR (0,02-0,02-0,2):	17.79
Elder Ray (13):	0.12
Super Trend (3,10):	17.66
Zig ZAG (10):	18.30
VORTEX (21):	1.0700
Stochastique (14,3,5):	65.90
TEMA (21):	18.36
Williams %R (14):	-31.65
Chande Momentum Oscillator (20):	0.44
Repulse (5,40,3):	-0.1300
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	5.65

MA7:	17.21
MA20:	15.97
MA50:	17.91
MA100:	18.78
MAexp7:	18.27
MAexp20:	18.08
MAexp50:	17.78
MAexp100:	17.40
Price / MA7:	+4.59%
Price / MA20:	+12.71%
Price / MA50:	+0.50%
Price / MA100:	-4.15%
Price / MAexp7:	-1.48%
Price / MAexp20:	-0.44%
Price / MAexp50:	+1.24%
Price / MAexp100:	+3.45%

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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Londinia AI

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