ENJ
ENJ-BNB Long Trade PlanCommodity : ENJIN COIN
Trade Type : LONG
Trading Against : BINANCE COIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-4 weeks
Investment in trade : 5% of the total Trading Balance.
Prospective Profit : 25% to 67%
Prospective Loss : 11%
RRR : SL to TP1 is 2.1, SL to TP2 is 3.5 , SL to TP3 is 4.3 and SL to TP4 is 5.8
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
ENJIN now ? 4H Timeframe1D Chart show clearly that Enjin is making his correction, but i see more clearly on 4H Time.
it passed under EMA100 and now this EMA Acts as a resistance.
Anyway i like this coin because of the project reality and partnerships, so a mistake shouldn't be a big problem for a long invest.
but it's always better to buy cheaper and at the good time!
i would not touch it now at 4200 before seeing clear bounce confirmation showing us that it stays in his triangle.
4000ish zone, it bounced multiple times so it can be a first small buy.
3500ish have big support on EMA200 could be a second strong buy.
Stay Safe as BTC is weak right now.
Happy Tr4Ding!
Enjin (ENJ) - The case to remain a holderTo continue my reputation as a bonafide ENJ shill, and a TA junkie, here's a chart. :)
It would be pretty risky to buy ENJ here, but this is the case to not sell if you're already a holder.
First of all, on the psychology front, Enjin has had a big hype cycle that concluded Friday at the end of a very successful GDC. This would be the perfect spot to sell the news, and there was a small dip. But volume stayed very light and reversed (so far) quickly.
Second, we have 4 clear waves in place - surge, consolidate, surge, and current consolidation. 5 is typical, and I'm looking out for a final sharp surge.
We did have a perfect 50% retracement (logarithmic chart) of the top to bottom move, which is healthy.
All moving average are in their proper place, and the 13 day average, which serves as support in strong trends, is so far doing just that.
Finally, we have an unconfirmed bullish symmetrical triangle forming. This could break down into a trading range, or some other standard pattern, but it's what I'm watching until proven to be something different.
Standard measuring techniques would imply a final move to the 40 cent range, but 5 waves are often the strongest... ath is at 50 cents, I don't think it's impossible at all.
anyway... here's the chart. It's a thing of beauty.
$LTC Runway Being Cleared for $65+The trend continues as the bears fight to maintain dominance over the stock, however it is more than clear now that $3,100 was the bottom for Bitcoin and that the trend towards the Halving date has started. In anticipation I predict alot of movement from all Coins, however, I will not be playing the ups and downs instead this year I plan on actually Hodling and seeing if I do make more this way or if I would have made more from trading the coins. My analysis stems from the fact I could have made $250,000 last year had I held $LTC and sold at the top, however, instead I only made a measly $25K trading crypto. I stark difference. After this experiment I will combine the two tactics for the next period which should start in 2022 The top on this leg will be hard to predict as I expect substantially more FOMO this time around since nearly 30%+ of the world had heard about Crypto and knew what it was and its different aspects in 2017-2018 and 1% or less actually traded it. Now I predict 2-3% of the world to finally jump in doubling or tripling the money flow this and next year. I also anticipate about 60%-70% of the world to finally know and research it. My personal target will be $1000 LTC but I do predict it to keep going to around $1500 based on the money flow that should be coming, I also anticipate BTC to reach around $40,000
I will continue to update as the weeks and months go by.
BTC AB=CD Looking at BTC on the daily chart
Looking at an AB=CD correction
Looking to go long in the green zone between the 618 and 786 fib
Also have a fib extension target between the 1.445 and the 1.618
Big notch in VPVR than needs filling
Volume is low, need to figure out who's driving the bus
Willy wants to roll over
OBV wanting to do the same but would like to see more structure
Histogram still looking ok but if we break the previous low we will go lower in price
If you want to short or long you have come a bit to late to the party. I be waiting for more market structure to confirm weather this is a bull or a bear.
* Don't forget to hit that like button and follow me on Trading View for more chart analysis :)
$ENJ Could it become the first x10 of 2019!?!?$ENJ Could it become the first x10 of 2019!?!?... Potential bull flag as continuation....
Currently 450% since Buy signal from the UCTS. With a potential 1000% if bull flag breaksout.
Volume looks low for now...
RSI rising again while MACD is deciding what to do.
#ENJ
ENJIN Samsung Wallet + Galaxy Store, Unity, NRG Sports, EfinityENJIN Partnerships w/ Samsung Wallet + Galaxy Store/Universe, Unity, NRG Sports, Efinity
Everyone has now heard about the Samsung partnership. For the newcomers, there is much MUCH more going on to be excited about. Enjin is a 10 year old company with a great reputation and existing community in the gaming space. They set out to build a platform that will power the future of gaming and are in the process of following through on their vision. Over the past year, the (large) team has been working like crazy and has accomplished some amazing things.
Check out the links below. DO YOU NEED MORE REASONS TO HODL?!?
Samsung Galaxy Store / Game Universe
Unity Partnership
Wallet: Samsung, In Wallet Trades, Gift Cards, etc
Samsung s10 Cryptocurrency Wallet Keystore Integrated with Enjin! - Live example showing wallet & trading.
NRG Esports begins partnership with Enjin Coin - will create a custom token with its own branding on it, and will then distribute it to fans of the organization in an attempt to spread awareness and to reward engagement. These tokens will be used for entering raffles and winning prizes, whether it’s visiting an event, receiving gaming hardware, or receiving professional training.
NRG already counts EventsDC, Republic of Gamers, Logitech, Twitch, and Amazon Coins among its partners. Competing in titles such as Fortnite, Counter-Strike: Global Offensive, Overwatch, Rocket League, Hearthstone, For Honor, Vainglory, and Smite, NRG is one of the biggest organizations in esports
Efinity Partnership - scaling, item transfer.
Enjin Blockchain Explorer
Enjin Wallet
World of Warcraft partnership
14000 Sat target for Enjin $ENJBTC during 2019 $ENJ There are few real world applications for cryptocurrency and blockchain outside of Bitcoin that will have any value, Enjincoin is well targeted at one of those applications. Digital collectibles within the gaming industry is already a multibillion-dollar industry with exponential growth. A system which provides liquidity cross-platform and between games will become a multi-billion dollar protocol. This is likely the only thing that ETH will provide real utility for is in the support of such tokens that can be linked to digital collectibles.
Following consolidation which could go on for 2 months or more, I expect ENJBTC to see a steady rise followed by another huge FOMO driven pump to 14000 Sat.
The partnership between Samsung and Enjin Coin was confirmed at the Samsung summit in Barcelona. The partnership produced the gaming wallet on the Samsung S10 mobile phone.
Great opportunities in blockchain tech and digital scarcity include:
Ravencoin (RVN)
Enjin Coin (ENJ)
Basic Attention Token (BAT)
Binance Coin (BNB)
Bancor (BNT)
Bitcoin (BTC)
And to a lesser extent Etherium (ETH) because it will likely be a platform to secure digital collectible protocols like ENJ and utility tokens. Though I believe it is likely already valued appropriately where it now stands.
ENJ FomoLooking at Enj on the 1d chart
Hit profit objective between the 1.618 and 200% profit taking zone
Looking to throw bid in the buy zone between the 618 and 786
Big notch in VPVR that needs filling
Price hitting VPVR single ticks
Volume has made a higher high which could mean a higher continuation, but for me its way to risky to even link of a long trade here.
Still no structure in histogram (Would like to see some bearish divergence to confirm a top)
Willy is still not stupidly oversold
Money absolutely pouring into this asset as shown in OBV
Ill be cooling my jets till this comes back into my buy zone. If you fomo buy this you are looking for trouble.
* Don't forget to hit that like button and follow me on Trading View for more chart analysis :)
Is it Altseason yet? BTC & Altcoin charts | $BTCUSD - $ETHUSD |I'm getting that feeling in my gut altseason is possibly here & now may be the time to take advantage of the low price and accumulate and hodl.
Anyhow I talk about BTC, ETH and some altcoins on Binance that have been trading with lots of momo.
ENJ - One more rally?Who knew ENJ would fly as much as it did! My last chart of ENJ ended up yielding a whopping 300%, however I played it safe and took profits a bit early at 242%. Regardless, profit is profit and I said if I saw another interesting opportunity with this coin I would post another chart: so here I am.
This play is a bit more risky that the previous one, but has the potential for some decent profit. Keep in mind, I do say this is risky because we are still up more than 200% over the past week meaning there could be even more correction. Because of this, I'm encouraging you to use a VERY TIGHT stop loss. I like taking risky trades because you always miss the shots you don't take, and the possibly reward heavily outweighs a minor loss (assuming you set a good stop loss).
Anyways, on to the details! Huge news for ENJ in 4 days (March 14th) with the Unity Development SDK release for ENJ hitting the market. This is a huge event that is tapping into the mobile game industry (and Unity games in general) that can bring extreme adaptation to non-technical users. There is so much to talk about, but you can read more about it in my previous chart. Aside from that, we are in a falling wedge pattern which tends to be bullish. I've been expecting ENJ to correct for the past few days as it has reached crazy heights. Right now it looks like it is attempting to break out, if it does I will buy a position and set a very tight stop loss. Otherwise I will wait for it to fall into my buy zone and set a stop loss under the support. I have no specific targets, so I will just make reference to the fib levels and aim for ~5,479 and ~6,398 sats.
As always, please don't FOMO and forget to set stop losses. Again, this is more risky than my previous chart and I always advise people to be prepared for the opposite to happen.
My Strategy:
Break Out Entry: Anything that goes above the resistance.
Break Out Stop Loss: About 50-75 sats below the breakout level.
Normal Entry: 4,450-4,750 sats
Normal Stop Loss: About 50-100 sats below the support level (corresponding to the time frame).
Targets: 5,479 sats, 6,389 sats, (possibly more?)
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NULS looking juicyLooking at Nuls on the 1d chart
Price sitting right at the POC
Big notch in VPVR that needs filling
Creating a nice W in price
Price also sitting on the .886 fib level
Bullish divergence in histogram
Willy looking ok
Volume looking ok, just need to figure out if the bulls or the bears are driving this bus
OBV happy and healthy, money flowing into the asset
Looking for a target at top of value which also lines up with the 50% target of that range
* Don't forget to hit that like button and follow me on Trading View for more chart analysis :)