Long awaited reversal for ENJI reall hope this is the bottom for long Enjin fall. It reached good support level and bounced. Might breakout triangle.
Keep in mind that Bitcoin bounced as well but it won't last for long as I expect it to fall lower to 4700 after it hit 5150-5200. So ENJ growth will be limited by that time.
ENJBTC
ENJ bottomed out, low risk buy zone entry over hereShorts are trapped, price is finding support at previous swing low level of 1811 sats.
- Classic bottoming out pattern
- Entry zone: 1811 sats
- Stop loss: 1751 sats
- Target 1: 2044 sats
- Target 2: 2178 sats
- Target 3: 2442 sats
Good luck traders!!
ENJ: DO or DIEENJ remain in this massive triangle pattern and is currently right on the edge of doom
It needs to bounce off the bottom of the triangle and make its way back up to test resistance
A break below could spell a deeper retracement but we are getting a bull div on the RSI so time will tell but it looks good for a trade here, tight stops
ENJ/BTC Short,Mid,Long term StrategyBuy : 2106 - 1924
Sell for Short term :
2329, 2465
Stop Loss : -5%
Sell for Mid term :
2511, 2734
Stop Loss : -10%
Sell for Long term :
3698, 4529, 5089
Stop Loss : -15%
Disclaimer: This is not an investment/financial advice, Trade at your own risk. Always do your own research.
ENJ two long entriesI see a potential triangle forming, which is ultra rare in wave 2, so likely an extended 3rd wave in a possible extended 1st in a cycle 3. Confusing AF? YEAH! Trying to label to corrective bear market structure was x10000 more confusing.
Anyways. I would love to catch a long on one more dip. Big gains yo. You can start with a small position so you an have a wide ass stop and if it proves itself just start firing your long cannons into it as it goes up. Or if BTC gets all wild and drags it up to invalidate the triangle you can long the higher green box with a stop. I'm not as interested in that setup because there's so much more to trade but just letting you know that I see that too.
I'll make a thread and update it with intra-day trades as it develops. ***in comments***
ENJ : 75% Profits Opportunity in the Mid TermRSI : 56
Volume : Need some movement
H&S created
Accumulation Area : 1900 sats - 2000 sats
Distribution Area :
Target 1 : 2234 sats
Target 2 : 2564 sats
Target 3 : 2831 sats
Target 4 : 3097 sats
Target 5 : 3477 sats
Target 6 : 3961 sats
Stop Loss : 1700 sats
ENJ/BTC + ENJ/USDT #ENJ $ENJ $BTC #BTC #USDT $USDT (12 May)#ENJ/BTC ENJ/USDT (12 May)
Yesterday ENJ increased very strong but in fact, it hasn't been able to breakout from its downtrend. To break this downtrend, ENJ needs to pass 3000sts or 0.2$ zone
Currently, what I can see is the ability to move sideways in the range of 2200-2600sts or 0.15-0.2$ and I suggest to buy and sell with targets in above charts
However, it's still not a good buying zone to hold long-term
ENJIN AND THE CORRECTION Talking about Enjin coin i can conclude if the price breakdown the 0.0002539 Then price is likely heading down a bit further as the 5th wave should start developing south approximately between 0.0002050 and 0.0001800 ish areas
whats my suggestion ?
buying now is possible with a stop below 0.0002539 as we spoke if it broke then we will be confirming the wave 5
this coin has a potential to grow fast this year keep an eye and think to invest wisely .. laddering from 2000 to 1800 ish areas is logic if it break the current bottom at 2539
breaking the key support of 0.0001500 ish areas will be considered a stop loss area as i believe it will dump fast there if broke
Good luck