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ENJ

ENJ at top of range and hitting resistance; Bearish?It may depend heavily on how BTC performs, but im feeling pretty bearish on ENJ as it stands. As the title states, ENJ rejected off the resistance almost perfectly while simultaneously reaching the top of its range; on the dot, i might add. Personally im looking for short entries on ENJ. But as always.. time will tell. If this continues to sit sideways and isnt able to create a higher high, i expect it will fall back down to the bottom of its range before making progress upwards.
EShort
by AomoriAkuma
7
ENJIN - Failure to Break over 70 cents = UncertaintyENJIN is one of my favorite ALTS and i do have high expectations. At the same time, failure to rise and test the key 74 cents Resistance brings worries. Price is in an ascending channel, similar to Bitcoin's The 49 (technical) - 50 cents (psychological) Support is strong but we do live in very uncertain times. Thus the 31 cents scenario is not to be crossed out completely; not yet. Structure is still bullish and hopefully this is just a small correction of the rebound. Breaking over the 74 cents would be a huge technical breakout for ENJIN and it could be possible this week but let's be prepared for everything. One Love, the FXPROFESSOR
by FX_Professor
1
Do you consider this chart bullish?Triangles are continuation patterns but ascending triangles acts very very often as reversal patterns. I've been eyen XTZ for days now but considering on how the daily it's shaping up I'm not sure I should long this so I'm waiting. Even because BTC is losing momentum and this relief really might be over as well. I bumped in many other patterns similar to this such as SAND and ENJ but at lower timeframes which might have effects on the daily (4h) they all have RSI in oversold zone so I'm very undecided. I think I'd pick ENJ if I had to choose one right now. In general SAND and ENJ present a rise in volume at the the possible breakout while XTZ misses that. This is a genuine question, what do you think people?
by Shotokhan
3
ENJIN- Chart of the DayPotential Breakout and looking to repeat the success we have had recently with : Matic: (look how many good entries we posted before the Pump) Fantom: (picked today's winner at a perfect entry again) AAVE: It's the way my trading is designed, always hedged, always looking for breakouts and always monitoring the developments in the market..... oh, and always taking some profit before it reverses while keeping some of the position open in case of further rise. One Love, the FXPROFESSOR
Long
by FX_Professor
7
ENJ - Powerbank is empty⚡ Reasons to take short: ⭐️ BTC bearish ⭐️ Trendline 9 days long ⭐️ Trendline is clean ⭐️ Buyer failed to update high ⭐️ Buying volume is decreasing ⭐️ Price is squeezing to the trendline ⭐️ 5th touch ⭐️ 60 ATR, coin at high Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Short
by Artem_Dishel
2
ENJ - Engine goes brrr.. 🏎Reasons to take long if BTC will squeeze back to daily VWAP: ⭐️ Range for 11 days ⭐️ Level is clean ⭐️ 3rd touch ⭐️ Price is squeezing to the level ⭐️ Buyer appeared ⭐️ 35 ATR ⭐️ Over VWAP Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Long
by Artem_Dishel
🕹️ ENJIN - Breakout Can Continue 🍊ENJIN is a project we like a lot. The market has taken a huge beating but some Teams seem to be working endlessly and this can reult in profits in the future. ENJIN is one of them. NEWS: Enjin to Launch a Beta Tester Program for Enjin Wallet 2.0 : Developers from Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products, have been developing a new version of the Enijn wallet, known as Enjin Wallet 2.0. Now, it appears that the wallet is approaching its launch, but before the team can release it, it first needs to put it through a beta tester program. According to their recent announcement, the team is looking for experts who would join the tester program to check out the wallet, report on potential flaws, and generally help make the product better by providing feedback based on its current performance. What is new in Enjin Wallet 2.0? According to the team, the new wallet will offer a number of exciting new features. Not only that but it will be supported by top blockchains and NFTs. Some of the new features that testers and later users can expect include multi-chain support, dark mode, as well as a brand new dApp browser. The team also stressed that these are only the features that will be available initially, right after the full launch. In time, they also plan to introduce a number of new things, although they did not specify which ones or when. As for the supported blockchains that the wallet will support, those will include Bitcoin, Ethereum, Enjin, Litecoin, Dogecoin, Binance, Polkadot, Kusama, Acala, and Karura. Apart from the mentioned features, Enjin Wallet 2.0 is also expected to come with some advanced improvements and features, such as the fingerprint scanner for greater security; custom fees and limits, import and sweep feature, auto-add tokens feature, support for over 25 languages, as well as the local currency where users can view the balance in their native currency, for an easier funds management. Also: How Will Xchange Monster (MXCH) Impact The Gamefi Industry Along with Enjin (ENJ)? Xchange Monster ( MXCH) is a fully-regulated platform by FINMA, one of the most recognised regulators in Switzerland. One Love, the FXPROFESSOR
Long
by FX_Professor
5
Enjin Coin Goes Bullish | Bottom Pattern ExplainedWe have this pattern on the Enjin Coin vs Bitcoin (ENJBTC) chart which we saw recently on the Solana (SOLUSDT) and Polygon (MATICBTC) trading pairs. We have a low 12-May followed by a lower low 13-June. While the MACD and RSI print higher lows giving us bullish divergence. Right after the lower low on 13-June we have accelerating growth. We now see prices moving above EMA50. On some pairs with the same pattern, such as MATICBTC, we can see prices already above EMA100... Remember, what one does the rest follows. Many Altcoins have already produced very strong growth. More to come... See the 'Related Trade Ideas' below for more. Namaste.
ELong
by MasterAnanda
3
ENJ/USDT: Key support tested - Direct rise expected---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)------- ENJ/USDT: Key support tested - Direct rise expected Context - The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets ENJ suffered about negative global market situation. - However we are focus on a direct rise now on this coin and we expect a fast and quick recovery regarding technical elements provided by the interpretation of the Elliott waves and bullish divergence on RSI Market configuration - Graphical Elements : Graphical Resistance = 1,37 & 4,00 Graphical Support = 0,38 & 0,22 - Mathematical Indicators: EMA ( Exp Moving averages) are still capping the market at 0,74 = Bearish RSI indicator (below) is bouncing off key support with divergence = Bullish - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target C (B) has been already reached = 0,38 Fibonacci resistance of the wave in progress = 0,74 Fibonacci support of the wave (c) (B) (max extension) = 0,22 Fibonacci Bullish Target = 1,37 Conclusion Preferred case => Regarding the mid-term element, ENJ is offering the perfect entry area for DCA or short-term recovery as long as 0,38 remains a support area valid, a break above 0,74 will confirm a rise to 1,37 Alternative cae => breaking below 0,38 - direct drop to 0,22
Long
by JeanJean1983
2
ENJ can Go Bullish Or Bearish!what can expect in Both SituationsENJ is in a Symmetrical Triangle and Haven't done a Break out Yet! So We can Not Determine Whether It's gonna be bearish or Bullish We Have to wait and see what will happen. in Bullish case The Price will Reach 1$ Which is also a Strong Resistance as well! In Bearish Case The Price will Reach 0.5$ which is also a Strong Support For ENJ ! The Expected Movement will be Confirmed In a Few Days! -ENJ is in a Symmetrical Triangle -No break out yet -Bearish Case :0.5$ -Bullish Case:1$ -Trend will be Determined In a Few days! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
4
STORJ update from Dec 2021Little update from Dec 2021: STORJ Elliott wave played out perfectly since my last post from 6 months ago. Going forward? Depends on how Bitcoin performs. I’d anticipate a multi-month accumulation phase before attempting any bullish breakouts. We’re at a great place to dollar cost average (DCA) but I would save some $$ in case Bitcoin retests $25,000 and possibly falls below. In that case, STORJ as well as the overall crypto market will also fall significantly. Not financial advice, simply sharing my thoughts and providing a little update from 6 months ago. Happy trading and Good luck to all!
S
by YoungSlav
1