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ENJ

ENJUSDT.1DHere is my professional analysis of the ENJ/USDT daily chart: The chart displays a long-term overview of Enjin Coin against USDT, showing significant volatility with notable high and low points. The current price of ENJ is around $0.2509, close to its recent lows, indicating a potential oversold situation. Support and Resistance Levels: The chart shows a clear support level at $0.2498 (S1), which is slightly below the current price. This support level has been tested multiple times, suggesting it's a strong level for potential rebounds. The resistance levels are marked at $0.4011 (R1) and $0.4762 (R2). For a bullish trend, ENJ would need to break past these resistance levels, which could indicate a significant shift in market sentiment. Trend Analysis: The downward trend from the peak earlier in the year suggests a bearish sentiment in the market. The current price is at the lower end of the spectrum, which could either mean a continuation of the bear trend or a potential reversal if it holds the support at $0.2498. Trading Strategy: Given the proximity to the support level, traders might consider this a buying opportunity, preparing for a potential bounce back towards the first resistance level at $0.4011. However, a break below the support at $0.2498 could lead to further declines, possibly establishing new lows. Risk Management: It's crucial to set stop-loss orders just below the support level to minimize potential losses should the market move against your position. This approach ensures that you are prepared for both a potential upside rebound and a continuation of the downtrend. In conclusion, the ENJ/USDT pair presents a risky but potentially rewarding setup. With strong support close to the current trading price, there's an opportunity for a rebound. However, the prevailing bearish trend and potential for breaking new lows should make traders cautious. As always, keeping an eye on volume and other market indicators will provide additional clues as to the strength of the current levels.
by MarsSignals
2
ENJ/USDT on the Edge of a Major Bullish Reversal 👀🚀 Watch It 💎Paradisers, it's time to seize a golden trading opportunity with #EnjinCoin! Currently, there's a robust potential for a bullish turnaround from the key support level at $0.257. If #ENJ can hold steady here, we're likely to see a push upwards and break through the descending channel to reach our identified resistance targets. 💎If #ENJ fails and slides below the $0.257 mark, it might signal a deepening of the bearish trend and push it toward the next vital demand zone at $0.227—a level well-known for sparking strong recoveries due to its significant liquidity. 💎If #ENJUSDT revisits this lower demand zone, securing a bounce is crucial for maintaining its footing. Failure to do so could intensify bearish forces, worsen market sentiment, and lead to further price drops. 💎Stay sharp and ready to adapt, Paradisers! Your ParadiseTeam is meticulously tracking these movements and is ready to guide you through potentially profitable shifts in $ENJ. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise_Simon
2
📈Market Analysis and ENJ Coin Review🎮🔍Bitcoin is still ranging, and with the decline in Bitcoin dominance, altcoins might experience upward movements independent of Bitcoin. 📆 Today's Coin: ENJ Today, we'll focus on ENJ (Enjin), which is a game engine for Web3 and provides suitable infrastructure for gaming projects. 🧩 Chart Analysis Looking at the 4-hour timeframe, we observe an upward movement accompanied by a trendline. There was a fake breakout once, but the price managed to climb back above the trendline with less strength, continuing its upward trajectory. Currently, it has returned to the trendline support level, and we need to see how it reacts to this level.Key static support levels are at 0.2755 and 0.3673. Previously, 0.3673 acted as a resistance and, if this pullback can be stopped, it may serve as support. 📊 Volume Analysis After closing above the 0.3673 level, a significant amount of buying volume entered the breakout candle. However, the candle's shape indicated trend weakness, and subsequent candles showed higher selling volume than buying. This divergence suggests that selling pressure needs to decrease and buying volume needs to return for the market to move upward. If this volume divergence persists, a trend reversal is likely, as no trend can continue with sustained volume divergence. 👨‍💻 Trading Positions 📈 Long Position : For a long position, if volume conditions (discussed in the volume analysis) are met, consider entering on a break above the 0.3853 trigger with a target of 0.43. This is the only current long trigger unless the market forms a new structure. If the RSI breaks above 70, it confirms momentum, and you can hold the position longer. 📉 Short Position : For a short position, the main trigger is 0.2755. If this level breaks, the first target can be 0.2529. If the price finds support at 0.3673 and retests, and if it stabilizes below this level, a very short scalp position can be taken with volume confirmation. Another short trigger is 0.3375, which is a trend-breaking trigger, with a target at the bottom of the box at 0.2755. 📝In conclusion, the ENJ market is currently showing potential for both long and short positions, depending on key trigger levels and volume confirmations. Always ensure you monitor volume closely and be prepared to adjust your strategy based on market conditions. Happy trading! 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
ENJ Long Trade SetupCurrent Situation: Trend: ENJ is slowly grinding up, having broken and retested a local resistance level, flipping it into support. Momentum: ENJ has picked up momentum and is heading towards the next resistance. Trade Strategy: Entry Point: Enter a long trade above $0.3240 and $0.3376. Take Profit Targets: First Target: $0.4470 Second Target: $0.5070 Third Target: $0.6826 Stop Loss: Set just below $0.2999 to manage risk. Summary: ENJ has established a clear uptrend by breaking and retesting a local resistance level, which has now turned into support. Entering a long trade above $0.3240 and $0.3376 positions you well for potential gains, with profit targets at $0.4470, $0.5070, and $0.6826. A stop loss set just below $0.2999 helps to minimize downside risk.
Long
by Richtv_official
ENJ LOOKS BULLISHWave B of the bullish pattern appears to be a triangle with only one wave remaining. With the completion of the E wave, it can move towards the targets. If the price returns to the green range, we will look for buy/long positions The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
ENJ/USDT Bullish Reversal at Key Demand Level ?👀🚀 ENJ Analysis💎 Paradisers, take note of #ENJUSDT as it showcases a noteworthy pattern, securely positioned at an essential demand level, signaling the possibility of a bullish turn. 💎 In reviewing #ENJIN's recent movements, a pattern of descending to new lows has been observed, indicating a bearish trend. Yet, it's important to highlight that prior to this, ENJ was tracing an ascending channel pattern, from which it has recently deviated. 💎 This break presents an opportunity for a bullish reversal, especially since the price has now tapped into liquidity at the critical support level of $0.2529. Maintaining this level could spark a robust rally to challenge the existing supply. 💎 As experienced traders, we're prepared for various outcomes. If #ENJ does not achieve the anticipated bullish reversal, a push from a lower demand level at $0.2248 could be next in line. Nonetheless, falling beneath this level may indicate a deeper bearish trend is taking hold.
Long
by MyCryptoParadise
ENJ's Potential FakeoutENJ is currently forming a small triangle pattern and is attempting to break below the uptrend channel. The key resistance levels to watch are at $0.3560 and subsequently at $0.37. On the downside, the support level is around the $0.3370 area, with the current price hovering around $0.3460. Given the overall bullish sentiment in the market, this potential breakdown might turn out to be a false move, commonly referred to as a "fakeout." It is important to closely monitor the price action to confirm whether this breakdown sustains or reverses within the broader bullish trend.
by MonoCoinSignal
ENJ/USDT Break Alert! Bullish momentum for ENJ movement.💎 Paradisers, #ENJ is indeed a coin worth monitoring closely. 💎 The chart shows a potential bounce from the support area, followed by a successful breakout of the descending resistance, indicating bullish momentum for ENJ. ENJ may undergo a retesting phase before continuing its upward movement towards our target area. 💎 However, if ENJ fails to bounce during the retesting phase and even breaks below the trendline, it could indicate weakness in the bullish momentum. 💎 In such a scenario, ENJ might retreat to revisit the major support level around 0.272 - 0.25. This could potentially lead to a significant bounce and a reversal back to bullish territory. 💎 The bullish invalidation scenario would come into play if ENJ fails to bounce from the major support area and the daily candle closes below it. This could confirm bearish sentiment and lead to further downward movement and deeper dips. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
6
ENJ looks bullishFirst of all, you should note that the time frame is large and time-consuming. When the diametric ended, we had a bullish wave and then it ended. We are now in the second wave. We expect another bullish wave from the green range. At the top of the chart we have a liquidity pool that is expected to be swept in the next bullish wave. Also, a 3D mode can be seen in big waves, where the price can create another bullish wave and complete this 3D. The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
1
Dinosaur Coins - LTC, IOST, ENJ and ICX - BIG Move ComingMartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here Dinosaur Coins - LTC, IOST, ENJ and ICX - BIG Move Coming If you understand market structure then you would see that these coins have great potential for a move higher . The all look to be setting up for a move in the near future . The bull market is here so do not sleep on these coins . Please watch the video for more information
Long
by MartyBoots
ENJ/USDT planning bullish ride from support| 🚀ENJ Analysis💎 Paradisers, take note #ENJUSDT is on the move, breaking past resistance and setting the stage for a bullish trajectory. A successful retest turning resistance into support could confirm a strong bullish push past the $1.0165 resistance level. 💎 On the flip side, if $ENJIN upward momentum falters and it dips below the $0.5464 support, our focus shifts to the lower support at $0.4240. The rich liquidity at this level presents an opportunity for a powerful bullish strategy upon contact. 💎 Vigilance is crucial: a breach below this secondary support could signal a deeper dive as market sentiment leans towards selling. Stay alert, traders, as we navigate #ENJ's market dynamics.
Long
by MyCryptoParadise_Simon
ENJ/USDT Breakout the Key area, Indicating Bullish Momentum!💎 ENJ has recently encountered significant market dynamics. Currently, ENJ has successfully broken above the supply area. 💎There may be a retesting phase at the demand area, which was previously the supply area, before continuing its upward movement and possibly reaching our target area. 💎 During the retesting phase, it is crucial for ENJ to bounce from the demand area if it wants to sustain its upward movement. However, if ENJ fails to maintain the demand area, there is a possibility of a breakdown below the support area, leading to a return to lower price levels. 💎 At the support area, it is imperative for ENJ to bounce and reclaim the area above the resistance for continued upward movement. Failure to do so could signal a bearish trend for ENJ, potentially leading to further downward movement in price.
by MyCryptoParadise
1
ENJ ROADMAPFirst of all, pay attention to the time frame. The time frame is big and time consuming. Our big triangle starts from where we wrote "start" on the chart. After the E wave ends and the triangle pattern is completed, we see a diamond diametric. We now seem to be in the middle of wave E of this triangle. Do not enter the position without confirmation and trigger and capital management. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark