ENJIN COIN - ENJ/USD - 1H - Technical analysis published on 01/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 0.320000 USD
My targets
0.300000 USD (-3.23%)
0.290000 USD (-6.45%)
My analysis
The bearish basic trend is very strong on ENJIN COIN - ENJ/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.320000 USD. Crossing the first support at 0.300000 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.290000 USD as an objective. Crossing it would then enable sellers to target 0.230000 USD. Caution, a return to above the resistance located at 0.320000 USD would be a sign of a possible consolidation phase of 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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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 0.310000 USD. On the day, this instrument gained +3.33% with the lowest point at 0.280000 USD and the highest point at 0.320000 USD. The deviation from the price is +10.71% for the low point and -3.13% for the high point.0.280000
0.320000
0.310000
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on ENJIN COIN - ENJ/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this ENJIN COIN - ENJ/USD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 4 are neutral and 8 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.230000 | 0.290000 | 0.300000 | 0.310000 | 0.320000 | 0.360000 | 0.370000 |
| Change (%) | -25.81% | -6.45% | -3.23% | - | +3.23% | +16.13% | +19.35% |
| Change | -0.080000 | -0.020000 | -0.010000 | - | +0.010000 | +0.050000 | +0.060000 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Major |
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 | 0.260000 | 0.280000 | 0.310000 | 0.330000 | 0.360000 | 0.380000 |
| Camarilla | 0.286250 | 0.290833 | 0.295417 | 0.300000 | 0.304583 | 0.309167 | 0.313750 |
| Woodie | 0.225000 | 0.257500 | 0.275000 | 0.307500 | 0.325000 | 0.357500 | 0.375000 |
| Fibonacci | 0.260000 | 0.279100 | 0.290900 | 0.310000 | 0.329100 | 0.340900 | 0.360000 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.79 | |
| MACD (12,26,9): | -0.0066 | |
| Directional Movement: | -11.617958 | |
| AROON (14): | -85.714286 | |
| DEMA (21): | 0.300851 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.320000 | |
| Elder Ray (13): | -0.000058 | |
| Super Trend (3,10): | 0.262776 | |
| Zig ZAG (10): | 0.300000 | |
| VORTEX (21): | 0.9412 | |
| Stochastique (14,3,5): | 22.22 | |
| TEMA (21): | 0.299604 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.010000 | |
| Repulse (5,40,3): | -17.3150 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2081 | |
| Courbe Coppock: | 8.44 |
| MA7: | 0.320000 | |
| MA20: | 0.338500 | |
| MA50: | 0.349800 | |
| MA100: | 0.302500 | |
| MAexp7: | 0.302813 | |
| MAexp20: | 0.308732 | |
| MAexp50: | 0.316781 | |
| MAexp100: | 0.322628 | |
| Price / MA7: | -3.13% | |
| Price / MA20: | -8.42% | |
| Price / MA50: | -11.38% | |
| Price / MA100: | +2.48% | |
| Price / MAexp7: | +2.37% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | -2.14% | |
| Price / MAexp100: | -3.91% |
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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