ENJIN COIN - ENJ/USD - 1H - Technical analysis published on 12/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 0.373333 USD
My targets
0.420000 USD (+7.69%)
0.473333 USD (+21.37%)
My analysis
The basic bullish trend is very strong on ENJIN COIN - ENJ/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.373333 USD. Crossing the first resistance at 0.420000 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.473333 USD as an objective. Crossing it would then enable buyers to target 0.553333 USD. Caution, a return to below 0.373333 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
5.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ENJIN COIN - ENJ/USD rating is 0.390000 USD. On the day, this instrument gained +8.33% and was between 0.350000 USD and 0.390000 USD. This implies that the price is at +11.43% from its lowest and at 0% from its highest.0.350000
0.390000
0.390000
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of ENJIN COIN - ENJ/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 scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.230000 | 0.290000 | 0.320000 | 0.390000 | 0.390000 | 0.420000 | 0.553333 |
| Change (%) | -41.03% | -25.64% | -17.95% | 0% | - | +7.69% | +41.88% |
| Change | -0.160000 | -0.100000 | -0.070000 | 0 | - | +0.030000 | +0.163333 |
| Level | Minor | Intermediate | Major | Intermediate | - | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.270000 | 0.300000 | 0.330000 | 0.360000 | 0.390000 | 0.420000 | 0.450000 |
| Camarilla | 0.343500 | 0.349000 | 0.354500 | 0.360000 | 0.365500 | 0.371000 | 0.376500 |
| Woodie | 0.270000 | 0.300000 | 0.330000 | 0.360000 | 0.390000 | 0.420000 | 0.450000 |
| Fibonacci | 0.300000 | 0.322920 | 0.337080 | 0.360000 | 0.382920 | 0.397080 | 0.420000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.173333 | 0.226667 | 0.273333 | 0.326667 | 0.373333 | 0.426667 | 0.473333 |
| Camarilla | 0.292500 | 0.301667 | 0.310833 | 0.320000 | 0.329167 | 0.338333 | 0.347500 |
| Woodie | 0.170000 | 0.225000 | 0.270000 | 0.325000 | 0.370000 | 0.425000 | 0.470000 |
| Fibonacci | 0.226667 | 0.264867 | 0.288467 | 0.326667 | 0.364867 | 0.388467 | 0.426667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.100000 | 0.170000 | 0.240000 | 0.310000 | 0.380000 | 0.450000 | 0.520000 |
| Camarilla | 0.271500 | 0.284333 | 0.297167 | 0.310000 | 0.322833 | 0.335667 | 0.348500 |
| Woodie | 0.100000 | 0.170000 | 0.240000 | 0.310000 | 0.380000 | 0.450000 | 0.520000 |
| Fibonacci | 0.170000 | 0.223480 | 0.256520 | 0.310000 | 0.363480 | 0.396520 | 0.450000 |
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): | 54.16 | |
| MACD (12,26,9): | 0.0038 | |
| Directional Movement: | 5.816322 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.368644 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.342917 | |
| Elder Ray (13): | 0.013474 | |
| Super Trend (3,10): | 0.286556 | |
| Zig ZAG (10): | 0.380000 | |
| VORTEX (21): | 1.0253 | |
| Stochastique (14,3,5): | 53.33 | |
| TEMA (21): | 0.365944 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | 0.010000 | |
| Repulse (5,40,3): | -4.7704 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0653 | |
| Courbe Coppock: | 6.41 |
| MA7: | 0.347143 | |
| MA20: | 0.312500 | |
| MA50: | 0.284400 | |
| MA100: | 0.251300 | |
| MAexp7: | 0.364867 | |
| MAexp20: | 0.362730 | |
| MAexp50: | 0.357941 | |
| MAexp100: | 0.348316 | |
| Price / MA7: | +12.35% | |
| Price / MA20: | +24.80% | |
| Price / MA50: | +37.13% | |
| Price / MA100: | +55.19% | |
| Price / MAexp7: | +6.89% | |
| Price / MAexp20: | +7.52% | |
| Price / MAexp50: | +8.96% | |
| Price / MAexp100: | +11.97% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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