ENJBTC
Enjin Coin VS Bitcoin Support RejectedEnjin Coin has corrected down to 76.4% Fibonacci support, at 969 satoshis, that has been rejected cleanly. Prior to that ENJ/BTC also rejected the 8/1 Gann Fan trendline, by failing to close below with confidence.
The trend now seem to become bullish and price should continue rising. The nearest upside target is seen at 4.1k satoshis, which corresponds to the 127.2% Fibonacci and the 4/1 Gann Fan trendline.
On a downside, Enjin Coin might take some time to start moving higher and range trading could take place. Although only break and close below the 969 satoshis support could invalidate bullish outlook.
ENJ IDEAThere was a breakout as you can see on pink triangle , but it retested this channels' upper bound 2 times. If it goes for 3rd retest i will buy some ENJ there ( Around thick pink line ) . The second buy area is thick black line which is a larger descending triangles' lower bound. I will update it later. Just watching for buying opportunities for now.
ENJ/BTC (Usd Calculated) - not everyone checks it, but shouldjust seriously look at this pitchfork guys. look closely how every line was respected and how we got 2 confirmation touches that this was drawn accurately. i think bot's are using enj usd info to make moves. i have noticed on ENJ/BTC strange trades when there is no fomo no fud, quick moves only point on bots who actualy use this chart and this exact pitchfork i found. i had downtrend before but as we see it reversed. don't ignore usd calculated - chart
ENJ/BTC (USD CALCULATED)Nothing much to say. this is the pattern i was trying to find, now when we have a confirmation everything gets clear. (in my opinion of course)
so this is where we must watch price action, cause every line was and will be affecting price movement. Thank you for your time and i hope you find this helpful.
P.S. i will make updates on this pattern let's see how it goes
ENJBTC30 min - BINANCE
RESISTANCE LINES:
Black - 1 day resistance
Orange - 4 Hour resistance
Red - 30 min resistance
SUPPORT LINES:
Blue - 4 Hour support
Green - 30 min
DIRENC CIZGILERI:
Siyah - 1 günlük direnc
Turuncu - 4 saatlik direnc
Kirmizi - 30 dakikalik direnc
DESTEK CIZGILERI:
Mavi - 4 saatlik destek
Yesil - 30 dakikalik destek
ENJ/BTC (ENJ/USD chart analysis)We have a breakout on ENJ/USD. ENJ/BTC chart is more important but we saw TA works on this one too. it was respecting schiff pitchfork drown by me all this time. and now we have a breakout! maybe retest incoming but this is already getting good, lets see how bullish market can go
ENJ / BTC ( ENJ-USD technical)hello guys, this time i just tried to catch something on ENJ - USD price technical analysis, and i was surprised.
you can see this all are connected to each other. it's shown clear that even this chart was respecting schiff pitchfork lines all this time. this is so interesting to see ENJ / USD actualy was also respecting same schiff pitchfork.. i hope you find it helpful and BTW WE ARE AT THE TOP LINE BREAKOUT ! - if retest dont fail we are free on ENJ / USD - main downtrend.
thx
ENJ is waiting for a breakout!ENJ is also one of the promising coins in the market. This is only short term as we expect a little correction of Bitcoin and all altcoins with low volume can dump very easily. This trade can make you easily 20 and more percent !
Trade instruction:
BUY:
1420 - 1450
SELL:
1. 1560
2. 1630
Set SL around 10 % from buying price.
ENJBTC - Symmetric Triangle/Bear PennantSimilar setup as BTC a few days ago. Leaning fully neutral here. No idea where this is headed since there are multiple reasons for it to go in either direction. Established no trade zone, watching.
ENJ/BTCthe whole picture we have been through and every move was respecting this pitchfork lines of resistance/support
ENJBTC - All Lined Up for Inverse H&S BreakoutTextbook Inverse H&S? All we need is some volume. Is that going to come tomorrow when the new exchange is announced? Or is everyone going to sell the news?
Popcorn in hand, lets double up.
ENJ potential breakout [BTFD]ENJ seems to be bottomed out of the falling wedge, as teh ABCDE correction seems to be done.
It has very strong support lines, and with the upcoming new exchange list on the 9th of April, I think it has good potential to break out of the falling wedge and initiate a bullish flag.
ENJBTC - Impending Breakout on News of New ExchangeZoomed in on the 30 minute interval shows ENJBTC with a recent breakout into a symmetrical triangle (Orange). This would be a continuation pattern that is more likely to break up again rather than reverse and down.
If you zoom out, you see ENJBTC is attempting to complete a the right shoulder of a rather lopsided inverse h&s pattern (Green) signifying a reversal of the greater downtrend. Exciting times ahead? I can't help but anticipate the news of being added to its second large exchange on Monday 4/9 will drive ENJBTC to complete this pattern. Whats next? Possible target breakout range between 0.00001900 and 0.00002500 range.
ENJBTC Forming a Bullish Symmetrical Triangle - Quick 20%?Is the trend downwards officially over? Over the last two weeks we saw a inverse head and shoulders breakout of the down trend creating the first wave within what appears to be a bullish symmetrical triangle which would lead me to believe an additional breakout upwards to about .00001900-.00001950, a gain the same height of the first wave into the triangle.
Plan would be to buy at .00001650 knowing little risk with the 200 EMA on the 30 interval having established support over the past few days.
This is based off the 30 min interval which I don't generally rely on except I am doing so here considering that the breakout was recent and the new trend upwards is still fresh. This could be some perfect timing coming off some relatively strong news over the last week that really has not been reflected in the price. While this is a short idea, I am also long on ENJ as well.
ENJ + UNITY PARTNERSHIP = TIME TO GET INENJ + UNITYPARTNERSHIP = TIME TO GET IN
Off of ENJ's twitter feed. "PRESS RELEASE: Enjin and Unity Technologies Advance True Item Ownership Through Asset Store Partnership"
With a 66.80% retracement from it's ATH for the past few months, ENJ posted 35% gains from it's new base support line for WAVE 1. ENJ retraced by 50% retracement from 1748 stats and has been dancing around sideways (although very extremely with following red and green candles.
Momentum showing on the 4 HR STOCH RSI showing it will break upwards
BUY-IN between 1479 - 1751 stats. . Stop loss at 1400 stats. T1 @ 2087 stats. T2 @ 2360 stats.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
nice break from inverted HSPretty self explanatory. Nice big volume spikes and solid pattern break on upside. Looking for a nice little pump short term
