ENJ/USDT 4h simple analysis in 8th/Jun
Hi, crypto traders.
ENJ is in a Strong Downtrend now.
As I predicted yesterday, the price started to move with a big impact. The price went down and broke 20h (red) line to the lower side. Because the sequential order is 240h (green) line > 80h (blue) line > 20h (red) line > the candle, the trend is a Strong Downtrend.
The candle already reached my 1st target: 1.23USD and broke it. If the price keeps under 20h (red) line, this downtrend continues.
We shouldn't buy ENJ in this market.
==TODAY’s Check Points==
- The candle changes positively and breaks 20h (red) line to the upper side?
- The candle continues to go down and reaches 1.00USD?
==TODAY’s Target Price==
ENJ goes up:
1st target: Cross-point with 20h (red) line
2nd target: Cross-point with 80h (blue) line
3rd target: Cross-point with 240h (green) line
ENJ goes down:
1st target: 1.00USD (A nice round number)
2nd target: 0.735USD (the lowest price in 23rd/May)
3rd target: 0.475USD (the lowest price in 28th/Feb)
Enjoy your trading.
=================================
#Event schedule
xxx/2021: NFT.io launch (nft.io/)
xxx: Efinity launch
#Latest Enjin blog/news (in 7th/Jun)
Utilify: Connecting the NFT Multiverse
enjin.io/blog/utilify
ENJ is in a Strong Downtrend now.
As I predicted yesterday, the price started to move with a big impact. The price went down and broke 20h (red) line to the lower side. Because the sequential order is 240h (green) line > 80h (blue) line > 20h (red) line > the candle, the trend is a Strong Downtrend.
The candle already reached my 1st target: 1.23USD and broke it. If the price keeps under 20h (red) line, this downtrend continues.
We shouldn't buy ENJ in this market.
==TODAY’s Check Points==
- The candle changes positively and breaks 20h (red) line to the upper side?
- The candle continues to go down and reaches 1.00USD?
==TODAY’s Target Price==
ENJ goes up:
1st target: Cross-point with 20h (red) line
2nd target: Cross-point with 80h (blue) line
3rd target: Cross-point with 240h (green) line
ENJ goes down:
1st target: 1.00USD (A nice round number)
2nd target: 0.735USD (the lowest price in 23rd/May)
3rd target: 0.475USD (the lowest price in 28th/Feb)
Enjoy your trading.
=================================
#Event schedule
xxx/2021: NFT.io launch (nft.io/)
xxx: Efinity launch
#Latest Enjin blog/news (in 7th/Jun)
Utilify: Connecting the NFT Multiverse
enjin.io/blog/utilify
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.