Are we there yet?There is a chance that 100 daily MA is now acting as support. It could take a couple days to confirm a clear bounce. It is also possible to see a drop to 200 MA. Might be ideal to wait and confirm 100 MA.
ENJ
ENJUSDT ANALYSISThe candles are stuck in between the support line (0.15313) and the resistance line(0.21398). In my analysis shows the candles go down now, so before you buy, you should wait at the support line.
when you buy in at the support line if you sell it at the resistance line. your profit will be about 40%.
I think it is a good profit, so good luck:)
The bottom inLooks like ENJBTC may have put in a bottom at the 200 Daily MA. RSI looks great. The lines on the chart are a possible down trend. The upper line being where i'd be most concerned to see a rejection. ENJ could still be in an uptrend though I try and watch for bear and bull case always.
ENJ BTCENJ BTC - bullish AF! lookin good. unless we break to downside from a large BTC move, but i bet it would fakeout and pop back into the bullish trend. lets go!
ENJ 18 JULYWE ARE IN NICE BULLISH CHANNEL AFTER DUMP TO ICHI CLOUD ENJ START GROW UP TO TOP OF THE CHANNEL.
ENJ/USDT - Long - Potential 18%
Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: ENJ/USDT
T/F: 1 HOUR
LENGTH: Medium
RISK - Medium
ENTRY: 17648
TP1: 17982
TP2: 18806
TP3: 19630
TP4: 20367
TP5: 20900
SL: 16597
NOTES:
- Be cautious with recent BTC uncertainty - follow with stop losses
- Uptrend
- Sat on Support Zone
- Huge Support Rejection Candles
- Oversold on RSI Deviance
KEY:
BONUS TP - It could continue to rise to a significant high although it is either very long term or a high rist target. REcommended to follow by securing profits with trailing stop loss.
LENGTH:
SHORT = 1-2 DAYS
MEDIUM = Less than 1 week
LONG = Less than 1 month
RISK:
LOW = E.G Stong support // Multiple bounces // Strong uptrend // Oversold // Breakout > Pullback > Support // Rejection Candles
MEDIUM = E.G Broken support // Trend Reversal // Consolidation
HIGH = E.G Not fully brokend Support // Overly mature uptrend
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am
Enjin Bounces of Ascending Channel Support - Buy OpportunityI really like this set up for Enjin vs BTC. The price action has been moving within this ascending channel since 2019 and recently confirmed support, giving us a nice bullish continuation setup. I outlined an inverse head and shoulders set up in green. It actually looks like we already broke the neckline and completed the pattern, but the price has returned back to the neckline which gives us a second chance to buy some before lift off. The MACD is bullish, holding above the zeroline with a near cross over the signal line. I'm long here! Look for resistance at the top of the channel, but don't be surprised if we bust right through it.
ENJ price above ichimoku clound next station "Moon"ENJ price above ichimoku clound next station "Moon"
Is this retracement done.
This move seems possible based on previous moves. One thing that does seem a bit off is the short amount of time till recent bottom. Also possible to see a long price in the next 7 weeks assuming that each Eliot wave takes roughly 10 weeks. The last one taking 3 weeks seems does seem to short.
This image is a bit more clear on price levels with less clutter on the screen.
ENJ BTCENJ BTC - had news recently but still no movement. i think everyone is busy in the other alts that are popping
#Enjin $ENJAnticipating breakout soon through descending TL. This should hold above lower TL and then target upper TL post-breakout.
Stoch RSI looking for a reset here. Potential support on RSI trend as well.
ENJ/USD- Retesting Break - Potential Entry IdeaENJ broke briefly from trend and is now retesting original break price.
I'd like to see a candle close above resistance before taking a position here and will be running a reasonably tight SL.
Target will be 20% from break if confirmed.
Alternate entry at the lower end of the channel or lower support line.
As always not financial advice, just thoughts and TA.
Bingaz
When will support be found?Indicators seem to be showing the price continuing to go down a bit more. Looks like we might see something like march pull down below 21 weekly for couple weeks then another leg up.
21 weekly may act as support though the other indicators don't see to be showing such a small dip in price.
Bullish momentum on ENJ, but wait.Hello Traders,
The momentum still bullish with ENJIN after the support on this uptrend line test, but the price still below the short term resistance line so the moment is time for do nothing and watch the price test the support and resistance to see which direction the price gonna go so we can go with.
Push the like button and follow us.
ENJ is for long position for meENJin coin is now on 54 place in binance ranks. Before few days was on 53 place.
When 12 May broke bearish trend, who was consist from many pumps and corrections is now on the next correction from overbought market when it reached new ATH in USDT (binance). On BTC chart we see testing resistance line on 1D chart. When this test will be passed, we will see with BTC and the same with USDT chart, moving up.
When I analyse with Fib retracement correction from december, we can see many similarity. Strong support it was on price 0,069$, who we see on Fib. Now we have strong support from price 0,163$ to 0,17$, and FIB is on the same about 0,618.
This scenario when not be broken yellow support will be create move sideways with more confirm this support about price 0,167$ and next come moving to new ATH (on binance chart USDT).
When this yellow support will be broken, we going on lower yellow line, who is probably rising long term channel.
Reversion to meanLooking like price could fall to 21 weekly MA looking for support. The price has repeatedly been pushing on the top of the bollinger band. The candles seem to be showing an uptrend with both higher lows and higher highs. The other indicators are also showing price moving down. Just seems like this is a reversion to mean and that ENJ will out perform ETH by the end of the year.
ENJ Parabola Channel Ideas!Hidden Bullish Divergence on RSI & MACD for ENJ on Daily Chart of all three pairs (USDT, ETH & BTC).
Also, Look at the Parabole Channel on ENJBTC pair!
