ENJ
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!
ENJ/usdt 1d - falling wedge📍the asset draws another wedge. Now it's too early to talk about the entrance, the figure is not drawn to the end. We have already taken profit on this asset when breaking through a large wedge.
Now we will act in a similar way: if it breaks up, you can buy.
If we go down, we will most likely enter a sideways movement at the level of $1.19.
🀄Watching
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- $17-25 (1.5-1.618)
If you agree, pls like and share your thoughts in the comments.
Always manage your risks.
ENJ on the way to reach 1.05$(or 2.2$?)ENJ is in a Descending Parallel Channel Right now and This Means The Price Can Decrease further. But there is a Slight Chance that the Price would be able to Break the Bearish Channel & Reach 2.2$ again. But If It wouldn't be able to break the Channel, The Price Shall fall to 1.05$.
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Thank you for seeing idea .
Have a nice day and Good luck
#ENJ / USDT #Signal @everyoneBuy zone in yellow range
Potential targets around green levels
Buy & Hold investment idea not day trade
Stop loss (if any) depends on your strategy so decide yourself
**Fair bit of fear and volatility in the market recently so remember your money management**
**Please like and sub for more simple no junk trade signals**
🕹️ ENJIN - 1.94 is Key Resistance 🍊Our prediction for ENJIN has been for TOP-15:
ENJIN is now ranked at #73 but this could change fast.
The price should first rise to major resistance of 1.94 / where it will have the most crucial test at Key Resistance.
Time to start our ENJINS for good? Very likely YES!
One Love,
the FXPROFESSOR
💡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
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. . . . . . . . Hit the 👍 LIKE button,
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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 ❤️
💡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 ❤️
ENJ/USDT Chart Hi, I try to post often so if you could follow me and like it would mean a lot to me. I also posted a BTC idea today so check that out.
I am very bullish on ENJ on the mid term and I believe that we will eventually reach 2$. For now I would like to show us this long set up on the 4H chart. The coin has a bullish divergence on this chart and things are looking nice on this time frame. The RSI of the coin was undervalued and ENJ had a rejection at 1.51$ suuport. With BTC in the current conditions (go check my other idea) I believe that tomorrow will be a good day for longs.
Comment what you think.
I will post more ideas this week but there is no stream friday. Sorry for the inconvenience.
ENJ update ; potential bottom pivot hereENJ update ; potential bottom pivot here
obvious patterns repeating. the exact same bottom has formed here albeit a bit stretched out.
question is, does it hold?
macro pivot point right here.
seems a bit tooooo obvious. break down should also be expected. place your bets.
ENJ SCALP LONG SETUP!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ENJ/USDT update. ENJ looks good here.
ENJ is breaking out from the inverse Head&shoulder pattern in 4hr time frame. Buy some now and add more at the retest.
Entry range:- $1.78-$1.81
Target1:- $1.86
Target2:- $1.94
Target3:- $2.06
Target4:- $2.14
SL:- $1.70
Lev:- 5x-10x
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Enjin Coin Higher Low Can Lead To 200% GainsWe have a long-term higher low on the ENJBTC (Enjin Coin) chart.
We also have a falling wedge pattern with bullish indicators.
The next price jump can easily hit 70% in gains and up to 200%+ if we reach a new high.
You can find more details on the chart.
The blue dashed line is the stop-loss.
A full candle close below this line negates this analysis.
Thank you for reading.
Namaste.