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ENJ

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.
Long
by AlanSantana
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
ENJIN COIN WARMING UP ITS ENGINESGood morning all We will be looking at the ENJ/USDT pair this time around Lets begin! In our previious analysis we pointed out regions where price could bottom out for enjin coin, as shown below; Price is trading at that level currently and we have ourselves a Regular flat correction in play judging by the price action. In theory a regular flat has it's C wave to be 61.8%, 100%, or 123.6% of wave AB. So far we have a 100% retracement leaving us with our worst case scenario zone aligned with the 123.6% fib support level. That said, this is a very good buying opportunity (don't take my word for it) Our targets for the 5th wave fall within the $12-$15 dollar range depending on where the bottom will be. Past analysis linked below PLEASE APPLY PROPER RISK MANAGEMENT! If you agree with the idea, pls like, share, and comment your thoughts below. As always, feedback is appreciated!
Long
by RektMyMom
8
WHERE IS THE BOTTOM FOR ENJ? - ENJIN COIN ANALYSISIn our last enj analysis we talked about how price needed to reach at least the 61.8 retracement level of correction wave B as shown below Now that we have reached and bounced from the 61.8 level, what comes next? It appears our currect wave C has created a falling wedge pattern, which could soon be confirmed as a Running flat pattern 3-3-5 correction if we get another leg down. Levels to watch out for buying are the 76.4, 85.4 & 90.0 fib regions. Have some orders at the 100% retracement level too(0.735) but i'm doubtfull of it. Global View: Should the above scenario play out, We will have ourselves targets ranging from $10-25 1st Target- Previous ATH 2nd Target- $10-13(1.382) 3rd Target- $17-25 (1.5-1.618) If you agree, pls like and share your thoughts in the comments. Always manage your risks.
Long
by RektMyMom
4
💡Don't miss the great buy opportunity in ENJUSDT @enjinTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.530). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ENJUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 1.673 TP2= @ 1.855 TP3= @ 2.018 TP4= @ 2.196 TP5= @ 2.547 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
💡Don't miss the great buy opportunity in ENJUSDT @enjinTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.530). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ENJUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 1.673 TP2= @ 1.855 TP3= @ 2.018 TP4= @ 2.196 TP5= @ 2.547 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
7