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.
ENJBTC
ENJ/USDT BUYING SETUPENJ rejection after hit resistance bullish flag trendline , and also any inverted head and shoulders pattern now correction to make right shoulders IHNS will valid if rejection not breakdown the support
potential breakout and continue upward movement
Buy zone : 0.635 - 0.585 - 0.5
Target : 0.7 - 0.744 - 0.784 - 0.837 - 0.904
Stop : 0.47
Enjin Coin (ENJ) - June 1hello?
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(ENJUSDT 1W chart)
Below 0.563 is likely a long-term investment area, so you need to trade cautiously.
(1D chart)
In the short-term and medium-term perspective, it needs to move above 0.744 for support to turn into an uptrend.
Accordingly, it is an important issue whether it is supported over the 0.673-0.744 range.
(buying)
- After confirming the support at 0.744
(Stop Loss)
- When the resistance falls below 0.673
- When it falls below 0.563
(Sell)
- When resistance is received in the 0.943-1.124 section
- When receiving resistance in the 1.626-1.878 section
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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BUYING ENJ/USDT (SWING)$ENJ has hit support and make a strong rejection , Consolidation movement we can swing in this situation .
in lower time frame potential make a IHNS pattern
Indicator like RSI and stochastic showing oversold , we can setup entry
Buy zone : 0.666 - 0.646 - 0.625
Target : 0.695 - 0.712 - 0.742 - 0.774 - 0.876
Stop : 0.6
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.
🕹️ 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
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.
ENJUSDT has formed a Bullish FlagENJUSDT has broken above the symmetrical triangle. After that we can clearly see the Bullish trend with pullbacks. at this moment the price has formed a Bullish flag which is a trend continuation flag and if the price breaks and closes above the flag it can potentially continue as long as the flagpole which is slightly above TP2
💎 ENJUSDT
🔵 Entry zone 1.715 - 1.800
🟢 TP1 1.990
🟢 TP2 2.290
🟢 TP3 2.800
🔴 SL 2.510
Good Luck 🎲
🕹️ ENJIN - Still So Young... 🍊Think you might have lost the 'Enjin train'?
Well, think again!
Our projection for ENJION is Top-15, in 2022. Don't be surprised if we get to see a serious Pump again this year.
We have covered Enjin before in many occasions. So many great things about it:
🕹️ ENJIN = Metaverse HQ + Enjinstarter :
🕹️ ENJIN = Gaming Leader + NFT.io 🍊 :https://www.tradingview.com/chart/ENJUSDT/7GP4Up5w-ENJIN-Gaming-Leader-NFT-io/
We even offered you AMAZING Charts and entries along the way:
Last Year, a Fantastic, super FXPROFESSOR CLASSIC Entry level :
Let's go much higher in 2022...
Start Your ENJINS,
The FXPROFESSOR 🕹️
ENJ/USDT 2HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ENJ/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-ENJ/USDT cup and handle create look bullish trend and CMP buy fast
Entry:- CMP and buy the green zone
Traget:-35% TO 40%
Stop loss:- $1.65
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
ENJIN COIN TO SIX DOLLARS!I've had this one on my radar for quite some time now, looks like the market finally gave me a dip to buy.
Enter with a stop-loss below support.
First Target- All Time High
Second Target- Marked Blue Zonal Area(1.272 Log Fib)
Completion of the 5th impulse wave should take us above $6
ENJIN COIN RE-ANALYSIS (GLOBAL TARGETS)In our last Enjin coin analysis, we talked about how the price could go up to $6 dollars.
Today we will be talking about higher targets in our re-analysis.
Visit the previous analysis for inights(will also be linked below)
As we can see, price action is in a large ascending channel, one which price has continuously respected on each touch
Currently in a larger degree ABC correction wave (wave 4 correction wave) we can see that price hasn't yet touched the 0.618 fib level of our wave AB, which should be the first step to determining which type of correction we're currently in.
Wait for price to come back down to the .618 region before making any buys, and wait for the touch of the channel support before going long.
If you agree leave a like and share your thoughts and views in the comments.
Feedback is always appreciated.
ENJ - a trend line has been formed, but a large volume has come Bitcoin has broken its local trend line, big volume appeared at the top and this is not a good signal. Therefore, there are several market scenarios to consider now.
There is a trend line on the ENJ chart, the price is testing the trend line for the fifth time, with each test the resistance is weakening and a breakout might come soon. I don't like that the ENJ also has a big volume on the top.
In case of a breakdown of the trend line, there could be a good buying opportunity. In case of a false breakdown a good opportunity to sell.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ENJ/USDT 4HOUR UPDATEWelcome to this quick ENJ/USDT analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- ENJ/USDT is triangle pattern create conform and retest BUY the green zone.
Entry:-CMP and buy green zone
Traget:-30% to 40%
Stop loss :- $3.44
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
ENJ/USDT 1 HOUR ANALYSIS Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
SNX /USDT lying on a strong support level or making triangle pattern.
Entry: ACCUMULATE BETWEEN $3.54 TO $3.5
Targets:
$ 3.717
$ 4.05
$ 4.28
$ 4.65
Stop Loss: 3.3
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE