ENJ
ENJ Enjin Coin Binance 20 days to Double BubbleEnjin looks to be forming a typical W pattern. Target is from the base of the W to the neckline (middle of the W)
We measure this distance and then project it from the top of the right hand side W to give out target area
2254. Give or take 50 satoshi.
With Binance promoting Enjin in March, NFTs. It should hit above target.
Obviously, not financial advice, just for fun.
ENJUSDT (ENJIN COIN) - BUY ENTRY ANALYSIS 🔎
- ENJUSDT brokeout above the symmetrical triangle's inclined resistance.
- Price action is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Aggressive entry (risky) : market price (now).
- Conservative entry : breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
ENJUSDT (ENJIN COIN) - UPTREND CONTINUATION ANALYSIS 🔎
- ENJUSDT got rejected off the ascending channel resistance.
- The market then retraced for a retest of the ascending channel support and 0.618 fibonacci retracement level.
- The retracement is resisted by the descending trendline resistance.
- There's an uptrend continuation possibility.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support.
ENJUSDT - hold coin strong project / with a great future.
about ENJ
We're building a product ecosystem that will help humanity create advanced virtual economies through the power of blockchain technology.
We’re a fully distributed team spread across five continents and a dozen countries—unified by a mission to build futuristic, world-class products.
🔥 ENJ Recovery TradeENJ, like all other crypto's, is slowly crawling out of yesterdays dump. ENJ is one of the more bullish coins of the past week, but the recovery is slightly lacking thus far. This trade is based on the idea that the speed of the recovery will pick up soon, potentially hitting the last high around 0.66.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
Who freaked out on Enjin Coin's drop?Warning: our thoughts are ours; not financial advice.
It's normal to freak out, especially when you are always focused on the smaller timeframe.
We only make decisions on the bigger picture.
No matter what happens, the daily candle close is what matters most.
We saw a low of 44 cents at the early hours of today. However, the price still trades within the channel.
How bad can this go? Maybe 40 cents. We'll be stacking up even more at this point.
💡 Don't miss the great buy opportunity in ENJUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EnjinCoin/TetherUS ENJUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 0.660
TP2= @ 0.780
TP3= @ 0.950
TP4= @ 1.100
TP5= @ 1.230
SL= Break below S2
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Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡 Don't miss the great buy opportunity in ENJUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EnjinCoin/TetherUS ENJUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 0.660
TP2= @ 0.780
TP3= @ 0.950
TP4= @ 1.100
TP5= @ 1.230
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ENJUSD: Parabolic Growth Looms!What is Enjin (ENJ)?
Enjin Coin (ENJ) is a cryptocurrency and blockchain platform designed for the video game industry. It was created on the Ethereum blockchain by Enjin, a company that helps over 20 million gamers create sandbox forums and communities around their favorite games.
ENJ was the first Gaming Token Approved in Japan, which I expect to continue into the future with other countries!
The Hype Around Gaming Cryptos is immense don't doubt that!
ENJUSD Looking to continue its parabolic trend into the future.
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$ENJ/USDT 6h (Binance Futures) Bullish pennant near breakoutEnjin Coin is looking ready for bullish continuation here.
Current Price= 0.39764
Buy Entry= 0.39764 - 0.37464
Take Profit= 0.44894 | 0.55941 | 0.65421
Stop Loss= 0.33499
Risk/Reward= 1:1.25 | 1:3.43 | 1:5.3
Expected Profit= +16.41% | +26.045.061% | +36.69%
Possible Loss= -13.13%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 480h
🔥 ENJ/USDT Bullish Price Action After Reversal From SupportENJ has hit the lower support level yesterday. At the beginning it wasn't 100% clear if the coin would bounce from it, but with this morning's sharp rise we can safely assume that the trend direction of ENJ has been changed. Big bars with lots of volume, especially after a reversal, have strong predictive power.
On the chart I've marked a potential area of resistance, based around the last swing high. Do your own due diligence.
Happy trading!