Update on ENJ - Still not time to long yetENJ is a rather obedient coin. Since Jan’2021, it has done the following within the same channel
Reach new all time high (ATH)
Retrace
Consolidate sideways
Repeat
The current retracement is par for the course for ENJ's price action since Jan'2021. I maintain my position that ENJ will touch the lower end of the channel around mid-May, and then bounce off to touch a new ATH.
In other words, ENJ's dip or sideway movement might continue in the short term till 2H-May'21. Long accordingly.
(I'm personally anticipating a short-term recovery from now till mid-May, and then another dip.)
ENJ
ENJIN, ENJUST - ready to continue the uptrendHello all,
This is another update for the ENJUSDT pair that I'm monitoring and holding for quite some time. Both the fundamentals and the technicals are quite strong for this one and I can see it easily double in value if the strong general market uptrend in the altcoins remains.
As visible on the daily chart, we are currently at stage 4 in the pair's cycle which is a consolidation period after revisiting the demand zone. Back in February this was the $0.45 zone and the successful defend of that level resulted in a rapid growth in the price of ENJIN.
What we are seeing now in late April is a similar picture with the price of the altcoin rebounding from the $2 level and preparing for another leg up. What we need here is a stable daily close above he $2.7 level (again - similar to the $0.6 area from the previous breakout).
If we zoom in to the 4-hour chart we will notice that the ENJUSDT pair is already out of the downtrend and currently above all important EMAs, so the horizontal resistance is the only obstacle ahead.
1st target up - ATH daily close at $3.4 - 26 percent from here and breakout target from the triangle pattern.
2nd target up - above ATH value - 54 percent
3rd target up - flying target at 160% Fibonacci extension - 97 percent
Regards
🔥 ENJ Short-Term Bullish ChannelOver the last few days, a small bullish channel has appeared on the ENJ chart. Currently, the price is near the bottom support of the channel, potentially ready to reverse in the near future.
Wait for the price to confirm the trend reversal before entering the trade.
Happy trading!
ENJ/USDT 4h simple analysis in 4th/MayHi, crypto traders.
ENJ is in a sideways market but close to go into downtrend.
Because BTC suddenly went down, ENJ also followed it...
The negative candle broke 240h (green) line, but it bounced from my target: 2.37USD.
If the price continues to go down and breaks 2.35USD, the trend will change to a downtrend.
=TODAY’s Check Points=
- The negative candle will break 2.35USD?
- The candle changes to positive and will break 80h (blue) line?
After JumpNet releasing for all creators and collectors, I hope the price will jump up!
=TODAY’s Target Price=
ENJ goes up:
1st target: 2.65USD (cross point with 80h line)
2nd target: 2.87USD
3rd target: 3.27USD
ENJ goes down:
1st target: 2.35USD
2nd target: 1.92USD
3rd target: 1.70USD
Enjoy your trading.
#Event schedule
xxx/2021: NFT.io launch (nft.io)
xxx: Efinity launch
#Latest blog/news
How NFTs Bring Realness to Virtual Card Games
enj.in
#ENJIN Wallet
enjin.io
=============================
ENJIN (ENJ) is next-gen NFTs.
Products that make it easy for individuals, businesses, and brands to use non-fungible tokens of the future.
You can check ENJIN from the following link.
ENJIN: enjin.io
=============================
ENJ/USDT 4h simple analysis in 3rd/MayHi, crypto traders.
ENJ is in a sideways market but close to go into uptrend.
Once the price went down, however, it didn’t go down so much. It keeps the same price level and will go into uptrend.
The target is same as yesterday. If the price goes up, the target is 2.87USD. And if the price goes down, the target is 2.35-2.45USD.
=TODAY’s Check Points=
- 20h (red) line will break 80h (blue) line to upper side and the price will break 2.87USD?
- The candle changes to negative and will reach 2.35-2.45USD?
After JumpNet releasing for all creators and collectors, I hope the price will jump up!
=TODAY’s Target Price=
ENJ goes up:
1st target: 2.87USD
2nd target: 3.27USD
3rd target: 4.00USD
ENJ goes down:
1st target: 2.35-2.45USD
2nd target: 1.92USD
3rd target: 1.70USD
Enjoy your trading.
#Event schedule
xxx/2021: NFT.io launch (nft.io)
xxx: Efinity launch
#Latest blog/news
How NFTs Bring Realness to Virtual Card Games
enj.in
#ENJIN Wallet
enjin.io
=============================
ENJIN (ENJ) is next-gen NFTs.
Products that make it easy for individuals, businesses, and brands to use non-fungible tokens of the future.
You can check ENJIN from the following link.
ENJIN: enjin.io
=============================
🆓Enjin/USDT May (2/5) #ENJ $ENJENJ has conquered the 2.6$ zone and is heading to 3.4$ zone or even 4$ zone in this May.
This correction phase may stop at 2.6$ or 2.4$ zone. But if it loses the 2.4$ zone, it will keep moving down to 2$ zone
📈BUY
-Buy: 2.54-2.66$
-Buy: 2.35-2.45$. SL B
📉SELL
-Sell: 3.33-3.47$. SL A
-Sell: 3.9-4.1$. SL A
♻️BACK-UP
-Sell: 2.35-2.45$ if B. SL A
-Buy: 1.95-2.05$. SL B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
ENJ/USDT 4h simple analysis in 2nd/MayHi, crypto traders.
ENJ is in a sideways market.
The price didn’t break 2.87USD and the candle changed to negative. The gradient of 20h (red) line is minus and already crossed with 80h (blue) line.
It’s possible once the price goes down.
If the price goes down, the cross point with 240h (green) line: 2.45USD and the last lowest price: 2.35USD are the target.
But if the candle changes to positive and breaks 2.87USD, the trend will be Great Up Trend!
=TODAY’s Check Points=
- The candle changed to positive and will break 2.87USD?
- The candle goes down and will bounce 2.35-2.45USD?
After JumpNet releasing for all creators and collectors, I hope the price will jump up!
=TODAY’s Target Price=
If ENJ goes up:
1st target is 2.87USD
2nd target is 3.27USD
3rd target is 4.00USD
If ENJ goes down:
1st target is 2.35-2.45USD
2nd target is 1.92USD
3rd target is 1.70USD
Enjoy your trading.
#Event schedule
xxx/2021: NFT.io launch (nft.io)
xxx: Efinity launch
#Latest blog/news
How NFTs Bring Realness to Virtual Card Games
enj.in
#ENJIN Wallet
enjin.io
=============================
ENJIN (ENJ) is next-gen NFTs.
Products that make it easy for individuals, businesses, and brands to use non-fungible tokens of the future.
You can check ENJIN from the following link.
ENJIN: enjin.io
=============================
ENJUSDT Waiting for the breakoutENJUSDT (4H Chart) Technical Analysis Update
Waiting for the Resistance zone breakout
ENJ/USDT currently trading at $2.81
Buy-level: Above 2.90$ (only buy if 4h candle closes above 2.90$)
Stop loss: $2.47
Target 1: $3.15
Target 2: $3.27
Target 3: $3.55
Target 4: $3.85
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
ENJ/USDT 4h simple analysis in 1st/MayHi, crypto traders.
ENJ still keeps Great Up Trend!
The price is stable but the order of the candle and moving average indicator is still good!
If the price breaks 2.87USD, I think it will go up to next target: 3.27USD.
But if the candle changes to negative and breaks 20h (red) line, this is one exit point.
Today, we can watch the following things.
- The price will break 2.87USD?
- The candle and MA order keeps candle > 20h (red) line > 80h (blue) line > 240h (green) line?
- The candle changes to negative and breaks 20h (red) line?
After JumpNet releasing for all creators and collectors, I hope the price will jump up!
My prediction is as follows.
If ENJ goes up:
1st target is 2.87USD
2nd target is 3.27USD
3rd target is 4.00USD
If ENJ goes down:
1st target is 2.35USD
2nd target is 1.70USD
3rd target is 1.50USD
Enjoy your trading.
#Event schedule
xxx/2021: NFT.io launch (nft.io)
xxx: Efinity launch
#Latest blog/news
How NFTs Bring Realness to Virtual Card Games
enj.in
#ENJIN Wallet
enjin.io
=============================
ENJIN (ENJ) is next-gen NFTs.
Products that make it easy for individuals, businesses, and brands to use non-fungible tokens of the future.
You can check ENJIN from the following link.
ENJIN: enjin.io
=============================