ENJ
$ENJ Accumulation happening over support at ~1850 sats...$ENJ Accumulation happening over support at ~1850 sats, volume is really low which lead me to think the sell pressure is over
UCTS Buy signal flashing on the 1D chart
Both MACD & RSI showing bullish divergences, signalling potential reversal from here
stay alert.
#ENJ
ENJ/BTCENJ/BTC
Looks like it has found strong support at the 0.786 Fib in the form of a Double Bottom
Needs to close above the 200-Day MA
Targets on the chart
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Enjin Coin After 795% Profits Run (Getting Ready To Move Again)There is no doubt that Enjin Coin (ENJBTC) entered a bull phase, the last wave increased its value as much as 795%, one of the strongest run so far. We also have the entire cryptocurrency market growing...
Let's take a look at the chart now!
ENJBTC moved down all the way to 0.786 Fib. retracement level, which stopped the drop, and is now starting to show signals of a potential low here...
The 0.786 Fib. retracement level from the last bullish wave also coincides with MA200 and EMA300, telling us that this is a strong support level with ENJBTC now trading above all these.
There is a little increase in volume, Sunday, so activity can be higher during the week.
The indicators are also looking good. They allow room for growth.
RSI:
Conditions for change: If ENJBTC closes below 0.00001600, the above signals are invalidated and a new analysis is needed.
Thanks a lot for reading.
Namaste.
Long awaited reversal for ENJI reall hope this is the bottom for long Enjin fall. It reached good support level and bounced. Might breakout triangle.
Keep in mind that Bitcoin bounced as well but it won't last for long as I expect it to fall lower to 4700 after it hit 5150-5200. So ENJ growth will be limited by that time.
ENJ: DO or DIEENJ remain in this massive triangle pattern and is currently right on the edge of doom
It needs to bounce off the bottom of the triangle and make its way back up to test resistance
A break below could spell a deeper retracement but we are getting a bull div on the RSI so time will tell but it looks good for a trade here, tight stops