ENZYME - MLN/USD
ENZYME - MLN/USD
- USD (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: MLNUSD
ISIN:

ENZYME - MLN/USD - 1H - Technical analysis published on 09/18/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 14.84 USD
My targets
14.10 USD (-1.81%)
13.76 USD (-4.18%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ENZYME - MLN/USD. As long as you are under the resistance located at 14.84 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 14.10 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 13.76 USD as an objective. If the resistance 14.84 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.9

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:
Daily Weekly

Additional analysis

Quotes

ENZYME - MLN/USD rating 14.36 USD. On the day, this instrument gained +0.99% with the lowest point at 13.88 USD and the highest point at 14.73 USD. The deviation from the price is +3.46% for the low point and -2.51% for the high point.

13.88
14.73
14.36

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this ENZYME - MLN/USD chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 13.76 14.10 14.36 14.84 15.29 15.66
Change (%) -4.18% -1.81% - +3.34% +6.48% +9.05%
Change -0.60 -0.26 - +0.48 +0.93 +1.30
Level Major Minor - Minor Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.3813.7413.9814.3414.5814.9415.18
Camarilla14.0614.1114.1714.2214.2814.3314.39
Woodie13.3213.7113.9214.3114.5214.9115.12
Fibonacci13.7413.9714.1114.3414.5714.7114.94


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.1413.8514.6215.3316.1016.8117.58
Camarilla14.9915.1315.2615.4015.5415.6715.81
Woodie13.1813.8714.6615.3516.1416.8317.62
Fibonacci13.8514.4114.7615.3315.8916.2416.81


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.509.6012.4615.5618.4221.5224.38
Camarilla13.6914.2414.7815.3315.8816.4216.97
Woodie6.399.5412.3515.5018.3121.4624.27
Fibonacci9.6011.8713.2815.5617.8319.2421.52

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): 50.14
MACD (12,26,9): -0.0100
Directional Movement: 14.11
AROON (14): 64.29
DEMA (21): 14.35
Parabolic SAR (0,02-0,02-0,2): 14.00
Elder Ray (13): 0.01
Super Trend (3,10): 14.10
Zig ZAG (10): 14.38
VORTEX (21): 0.9800
Stochastique (14,3,5): 66.14
TEMA (21): 14.39
Williams %R (14): -42.11
Chande Momentum Oscillator (20): 0.06
Repulse (5,40,3): -1.2000
ROCnROLL: -1
TRIX (15,9): -0.0200
Courbe Coppock: 1.19
MA7: 14.81
MA20: 15.09
MA50: 15.70
MA100: 17.34
MAexp7: 14.39
MAexp20: 14.37
MAexp50: 14.46
MAexp100: 14.66
Price / MA7: -3.04%
Price / MA20: -4.84%
Price / MA50: -8.54%
Price / MA100: -17.19%
Price / MAexp7: -0.21%
Price / MAexp20: -0.07%
Price / MAexp50: -0.69%
Price / MAexp100: -2.05%

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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