ENJIN COIN - ENJ/USD - 1H - Technical analysis published on 01/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
33%
39%
28%
My opinion
Bullish above 0.360000 USD
My targets
0.380000 USD (+2.70%)
0.390000 USD (+5.41%)
My analysis
ENJIN COIN - ENJ/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.360000 USD. The next resistance located at 0.380000 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.390000 USD. After this resistance, buyers could then target 0.410000 USD.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.8
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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 price is 0.370000 USD. The price registered an increase of +12.12% on the session and was traded between 0.320000 USD and 0.380000 USD over the period. The price is currently at +15.63% from its lowest and -2.63% from its highest.0.320000
0.380000
0.370000
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ENJIN COIN - ENJ/USD:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ENJIN COIN - ENJ/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.340000 | 0.360000 | 0.370000 | 0.370000 | 0.380000 | 0.390000 | 0.410000 |
| Change (%) | -8.11% | -2.70% | 0% | - | +2.70% | +5.41% | +10.81% |
| Change | -0.030000 | -0.010000 | 0 | - | +0.010000 | +0.020000 | +0.040000 |
| Level | Major | Intermediate | Major | - | Minor | 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 | 0.230000 | 0.270000 | 0.300000 | 0.340000 | 0.370000 | 0.410000 | 0.440000 |
| Camarilla | 0.310750 | 0.317167 | 0.323583 | 0.330000 | 0.336417 | 0.342833 | 0.349250 |
| Woodie | 0.225000 | 0.267500 | 0.295000 | 0.337500 | 0.365000 | 0.407500 | 0.435000 |
| Fibonacci | 0.270000 | 0.296740 | 0.313260 | 0.340000 | 0.366740 | 0.383260 | 0.410000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.150000 | 0.210000 | 0.270000 | 0.330000 | 0.390000 | 0.450000 | 0.510000 |
| Camarilla | 0.297000 | 0.308000 | 0.319000 | 0.330000 | 0.341000 | 0.352000 | 0.363000 |
| Woodie | 0.150000 | 0.210000 | 0.270000 | 0.330000 | 0.390000 | 0.450000 | 0.510000 |
| Fibonacci | 0.210000 | 0.255840 | 0.284160 | 0.330000 | 0.375840 | 0.404160 | 0.450000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.146667 | 0.213333 | 0.296667 | 0.363333 | 0.446667 | 0.513333 | 0.596667 |
| Camarilla | 0.338750 | 0.352500 | 0.366250 | 0.380000 | 0.393750 | 0.407500 | 0.421250 |
| Woodie | 0.155000 | 0.217500 | 0.305000 | 0.367500 | 0.455000 | 0.517500 | 0.605000 |
| Fibonacci | 0.213333 | 0.270633 | 0.306033 | 0.363333 | 0.420633 | 0.456033 | 0.513333 |
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): | 45.79 | |
| MACD (12,26,9): | -0.0050 | |
| Directional Movement: | 4.580451 | |
| AROON (14): | 21.428571 | |
| DEMA (21): | 0.336433 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.320000 | |
| Elder Ray (13): | 0.006348 | |
| Super Trend (3,10): | 0.286255 | |
| Zig ZAG (10): | 0.320000 | |
| VORTEX (21): | 1.0094 | |
| Stochastique (14,3,5): | 16.67 | |
| TEMA (21): | 0.332324 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.050000 | |
| Repulse (5,40,3): | -37.3608 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0539 | |
| Courbe Coppock: | 5.09 |
| MA7: | 0.342857 | |
| MA20: | 0.359500 | |
| MA50: | 0.349600 | |
| MA100: | 0.297000 | |
| MAexp7: | 0.345477 | |
| MAexp20: | 0.346352 | |
| MAexp50: | 0.345221 | |
| MAexp100: | 0.343667 | |
| Price / MA7: | +7.92% | |
| Price / MA20: | +2.92% | |
| Price / MA50: | +5.84% | |
| Price / MA100: | +24.58% | |
| Price / MAexp7: | +7.10% | |
| Price / MAexp20: | +6.83% | |
| Price / MAexp50: | +7.18% | |
| Price / MAexp100: | +7.66% |
Quotes :
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Real time data
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Cryptocompare
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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