ENJ, XMR & EOS: Technical Evaluation For March 18



The Enjin Coin (ENJ) worth reached a brand new all-time excessive worth on March 15 earlier than lowering barely.

Monero (XMR) is buying and selling proper beneath long- and short-term resistance. Readings from technical indicators are combined.

EOS (EOS) has reclaimed the $3.90 help space however is buying and selling inside a parallel ascending channel.

Enjin Coin (ENJ)

ENJ has been growing parabolically since initially breaking out and reaching a brand new all-time excessive worth in the beginning of February. 

Since then, it has elevated by a large 523%. This led to a brand new all-time excessive worth of $3.08. ENJ reached the excessive on March 15.

Regardless of being bullish, technical indicators present a particularly overextended rally. The weekly RSI worth of 95 is the best ever recorded.

Additionally, ENJ has already moved above the 4.618 exterior Fib retracement degree at $2.44. 

The every day chart reveals a equally overextended rally. The RSI has been overbought for a full 17 days. 

If ENJ begins to lower, the closest help ranges are discovered at $2.05 and $1.72.

Highlights

  • ENJ reached an all-time excessive worth on March 15.
  • There may be help at $2.05 and $1.72.

Monero (XMR)

On Feb. 20, XMR reached a excessive of $287 however has been lowering since. The rejection occurred proper on the 0.5 Fib retracement of the complete earlier downward motion. 

The studying from technical indicators is combined. The MACD is growing, however the RSI is lowering. The Stochastic oscillator has made a bearish cross. 

Due to this fact, till XMR manages to rr the $252 resistance space, we can not take into account the development bullish.

The shorter-term chart reveals that XMR is buying and selling inside a parallel ascending channel. That is usually a corrective motion.  As well as, XMR is dealing with resistance at $245.

Due to this fact, regardless of the RSI & MACD being bullish, we can not take into account the development bullish till XMR breaks out from this channel and resistance.

Highlights

  • XMR is buying and selling inside an ascending parallel channel. 
  • There may be resistance at $245.

EOS (EOS)

After deviating significantly beneath the $3.90 help space, EOS has been growing since Feb. 23. 

It has now reclaimed this space, and probably validated it as help.

Technical indicators are leaning on bullish. The MACD has given a bullish reversal signal, and the Stochastic oscillator has made a bullish cross.

Nonetheless, the shorter-term six-hour chart shouldn’t be as bullish.

EOS can be buying and selling inside a parallel ascending channel. The resistance line of the channel coincides with the $4.30 resistance space.

Till EOS manages to clear it, we can not take into account the development bullish.

Not like XMR, through which the MACD & RSI are bullish, they’re comparatively impartial for EOS. 

If a breakdown happens, the closest help space could be discovered at $3.05.

Highlights

  • EOS is buying and selling inside an ascending parallel channel.
  • It’s buying and selling above help at $3.90

For BeInCrypto’s newest Bitcoin (BTC) evaluation, click on right here.

Disclaimer


All the data contained on our web site is printed in good religion and for basic data functions solely. Any motion the reader takes upon the data discovered on our web site is strictly at their very own danger.



Supply

Leave a comment

Your email address will not be published. Required fields are marked *