Calm before the StormHello all!
We could see a 50-75% gainer here with Enjiin Coin. As a precursor and observation, this coin has showed continual resilience while Bitcoin has been downtrending of recent showcasing its current strength/support. There are a number of positive TA indicators here especially on the high time frames. For example:
* Walking through 3/1 Gann with steady and upward movement
* Long term support from long term fib line at 1555 Sat
* RSI is on continual long term uptrend
* Target the Squeeze!!!
If we want to predict the future even more, we could see a cup and handle develop after this initial 50% run to create a potential second top. Keep your eyes peeled because we could have a great trade opp on our hands.
Happy Trading and as always this is just an idea so please trade at your own risk.
Follow for updates!!!
ENJ
ENJ - An Undervalued GemENJ is a coin that doesn't have as much hype as other projects, but it should. After their recently announced partnership with Unity back in March, one of the world's largest platforms for game development, this is a project you should follow very closely. We are coming to a time where crypto merging with the gaming community will gain serious ground, and this is a project ahead of the rest in an ever expanding industry such as gaming.
A hypothetical scenario is we could possibly see a large cup and handle pattern form if the coin remains above the strong support zone on the chart. It's too early to tell, but either way, this is a coin we'll be stocking up on long term.
Targets:
1: 0.00001840
2: 0.00002237
3: 0.00002661
4: 0.00002989
5: 0.00003364
ATH Long Term Targets:
6: 0.00003675
7: 0.00003890
Happy Trading!
enj corto plazo ENJ/ buena oportunida de compra estamos en 29 en el rsi del diario alejados del 30 ma diario creando una bandera alcista que esperamos romper ademas cerca de la lina de soporte de largo tiempo desde dociembre para aca gran proyecto espero saquen profic jugaremos a corto el mercado no esta aun para solo comprar y hodl a mi parecer vamos por un 10% como primer objetivo facil
Enjin Coin VS Bitcoin Support RejectedEnjin Coin has corrected down to 76.4% Fibonacci support, at 969 satoshis, that has been rejected cleanly. Prior to that ENJ/BTC also rejected the 8/1 Gann Fan trendline, by failing to close below with confidence.
The trend now seem to become bullish and price should continue rising. The nearest upside target is seen at 4.1k satoshis, which corresponds to the 127.2% Fibonacci and the 4/1 Gann Fan trendline.
On a downside, Enjin Coin might take some time to start moving higher and range trading could take place. Although only break and close below the 969 satoshis support could invalidate bullish outlook.
Enjin Coin AccelerationEnjin coin has formed a strong bottom at $0.09 area, where price bounced at least three times. Since the beginning of April ENJ/USD price was consistently moving up while bouncing off the uptrend trendline.
The rise has resulted in the break above the 200 Moving Average followed by the downtrend trendline break. This is the first strong signal of a potential trend reversal, that could result in a 230% growth from the current price.
The first strong resistance is seen at $0.32, which is 127.2% Fibonacci retracement, applied to the corrective wave down where double bottom was formed. The second and key resistance is based at $0.5, which is 227.2% Fibonacci retracement level.
On the downside, Enjin coin could correct down to the $0.1 psychological support before growth continues, but only break and close below the $0.09 support could invalidate bullish outlook and extend the consolidation.
ENJBTC30 min - BINANCE
RESISTANCE LINES:
Black - 1 day resistance
Orange - 4 Hour resistance
Red - 30 min resistance
SUPPORT LINES:
Blue - 4 Hour support
Green - 30 min
DIRENC CIZGILERI:
Siyah - 1 günlük direnc
Turuncu - 4 saatlik direnc
Kirmizi - 30 dakikalik direnc
DESTEK CIZGILERI:
Mavi - 4 saatlik destek
Yesil - 30 dakikalik destek
ENJ - Enjin coin - Breakout seems inevitable !!!I think ENJ is ready to make some moves and I am going to show you why.
Huge correction and downtrend since Jan. 12th
Sideways accumulation period for a month now.
Finally just pierced the 3 month descending triangle.
Let's look at the indicators close up:
RSI oversold a month ago, nonstop rise since, now at even distribution
MACD has been underwater since the 1st week of Feb.
Steady increasing momentum since, about to come back up for some fresh air.
My ENJ trading plan:
ENJ on Binance
Buy up to 1500
Target 1: 1725
Target 2: 1950
Stop Loss 1275
Rating 3 stars out of 5
Volume 760 btc
ENJ is waiting for a breakout!ENJ is also one of the promising coins in the market. This is only short term as we expect a little correction of Bitcoin and all altcoins with low volume can dump very easily. This trade can make you easily 20 and more percent !
Trade instruction:
BUY:
1420 - 1450
SELL:
1. 1560
2. 1630
Set SL around 10 % from buying price.