LONG ENJ/USDTStart accumulating ENJ/USDT. ENJ just broke out of the trendline and is expected to go 12% up from the current price. A retest is also possible therefore enter with a small position and accumulate more at the dip.
Accumulate between $1.62 to $1.72
SL: $1.57
Targets:
$1.77
$1.84
$1.93
Remember, we are going to accumulate this trade so do not use high leverage. Use max 5x leverage.
Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your own research before taking this trade.
ENJ
ENJ to test $1.80?We've been in a strong sell-off & now testing the upper resistance, what makes me think we will see a Uptrend unfold is the RSI, we have created a Triple Bottom which usually leads to a bullish trend.
If we were to fall to the $1.50 resistance then we would see a Consolidation or Bearish trend unravel Tuesday into Wednesday.
ENJ/BTC { ENJIN COIN } - BULLISH SETUPANALYSIS 🔎
- ENJ/BTC is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.00003655)
- Limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
ENJUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, the price has started to move higher after approaching the support line again and we intend to be able to touch the target. We expect the support line we have drawn for you to support the price again in the event of a fall.But in case of falling below the support line and stabilization, we can consider more fall.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
Why Log charts can be helpful in the crypto marketAs you can see, previous peaks almost disappear and become irrelevant as each new bull move occurs
Log charts provide a more detailed perspective of price action
Its crazy to think ENJIN could be $140, if that $140 price was hit, would tower over the current peak which is already massive
ENJ 4 Phase UptrendHere I have created what I call a 4 phase Uptrend, it's us creating Higher Highs & Higher Lows. But I got a little fancy with it, but it's why I do believe we will see some type of pullback maybe even another Inverted Head & Shoulders.
Our next resistance is at $2 so we have a possibility to see that this weekend if this Bullish Market sticks around.
ENJUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, the price has hit the support range and we intend that the price can start moving towards our target if we do not see weakness in the trend. But if the price can not be supported, we consider the fall to the next support.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
All depends on BTC! ENJ will move soon!Here's a Quick look at ENJ 6 hr chart. As we can see, the price has printed a bigger symmetrical triangle and we could see a bigger break to the upside soon. The best entry would be, when the price breaks above the triangle with good amount of volume . This is a sleeping beast! Keep an eye on this setup.
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The idea is: Buy the breakout from the triangle and take profits at the levels shown in the chart.
Targets:
1. 1.58$
2. 1.65$
3. 1.73$
4. 1.84$
- Profits can also be taken in the resistance zone .
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
ENJUSDBINANCE:ENJUSD broke down out of a triangle formation and is currently bearish.
What to watch for:
Buy if ENJ touches the Buy Zone at the $.84 or $.72 support zones OR multiple buy signals
As we move bullish again; Sell if multiple sell signals OR begin laddering sells at $2.00 resistance zone
ENJUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in daily time frame. The price is moving in an upward trend. We have reverse head and shoulders, which increases the price. As long as the price is above the green line, we are in an upward trend. We have specified the targets for you and if the price penetrates below the green line, we consider the fall, but we can have a buy step if the price approaches the support line. And place the exit point below the support line.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
ENJ ConsolidationI believe the Market is heading for a Bullish run that will begin sometime in Aug & carry through the end of the year.
As I conistintely monitor the charts I continuously see this type of pattern playing out. A Bearish wedge that's coming to an end in August, YES we could very well see a large pullback & continue to see sell-off. But With so much integration going on, how can you not be Bullish?