Enjin Coin ENJ price moves along its routeWhile most cryptocurrencies are thinking: "to fall or not to fall", against the background of yesterday's statement by the US Department of Justice, ENJ buyers decided that this is a great moment to pump the price up by at least +20-30%)
The entire speech of the US Department of Justice can be summarized in one thesis: "although crypto is still poorly regulated, any cybercrime, such as darknet trading, money laundering to circumvent sanctions, or any other offshore manipulations using the anonymity of blockchains - "will not pass".
The United States and its partners in Europe and worldwide are watching this."
Back to the Enjin Coin price:
As we have already drawn on the chart, the ENJUSDT price has entered the resistance zone, where we believe, that the number of sale orders will be increased. Therefore, we assume that the price will not be able to gain a consolidation above $0.40-0.50 from the first time, and a price pullback to the $0.30 area is possible.
However, in the medium term, the growth of the ENJUSD price to the range of $0.71-0.91 is more than realistic
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Enjinproject
ENJBTC Resistance Turned SupportI have found two examples on the chart using Gann that portray a prior resistance turned support
This is a common price action feature
Also as price has consolidated above (8/1) I see a bigger Moonshot coming
As shown by the bars pattern and the rough sketch of how the indicator may evolve
Basic Breakout On ENJENJ is clearly signaling a bullish pennant on the weekly chart. It is also nicely holding the 50W EMA for its history.
Looking for rising volume and a breakout of the pennant pattern to the upside, which looks to be around the 0.382 Fib level at approx $2.
The next Fibonacci targets above the ATH are $6, $9.20, $12.50 +
ENJ/BTC MA Structure This formation of moving averages layered 50,100,200 is a great candidate for bullish action
This is shown in right slide, which is BTC's legendary run to 20K in 2017
Enjin on the left is showing the same MA state hinting at bullish potential
As its easier for price to move upward with MA's like this, the path of least resistance is taken
I am long ENJIN
ENJIN: increasing gaines possible (NFT HYPE)Hi traders,
We are looking at the 1 hour chart of ENJ /USDT
We could see a bull flag forming if we take out the "emotional exaggeration".
Visa: "NFTs mark a new chapter for digital commerce"
Furthemore;
Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores. (source: coinmarketcap.com)
Enjin focusses on "online gaming".
"China" called online gaming "opium for the mind" which means:
1. People will use the opium;
2. Online gaming is a real threat (competition for attention)
Previous ATH was $3,4 (daily close)
Keep sharing your thoughts in the comments section and enjoy
ENJIN - Our Rocket is going for TOP-10Since our very first post on ENJIN (idea is posted below) we have watched this Rocket break the 50cents, 75 cents, 1 $, 1.50$, 2$, 3$ and 4$ mark. A huge success, indeed.
Well, maybe it is time for 5$ and for ENJIN to make it to the Top-10 cryptos sometime this year.
Fundamentals are great, we are buying some more today.
ps. Thanks to Evangelos Cryptomachos for introducing us to this baby.
ENJIN - Jumpnet coming up on Apr 6thEnjin has been great trade for us this year as you can see from our posts below.
Well, it's time to get back on this now: technically and fundamentally
Chart shows that the price is on Support ✔️✔️✔️
Fundamentally the news are even greater with Jumpnet coming up . This solution is designed to remove gas prices and support cross-platform Non-Fungible Tokens (NFTs) and allow users to easily mint and transfer tokens between multiple networks without having to pay for gas in Ethereum. ✔️✔️✔️
In a few words: We are back on BUYING now!
Enjin coin possible Elliot wave forming NFT HYPEHi Traders,
We are looking at the 4 hour graph of Enjin/USD
It could be possible that we have just seen the third wave of the Elliot Wave theory. Currently in a consolidation fase as we can see from the falling wedge, which is a healthy sign. If the Elliot Wave is indeed forming, we will see another move up.
Furthermore, the non fungible token (NFT) industry is very hyped now. Digital things are being sold as never before and it's getting quite some attention online.
Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.
If we are on the verge of a new hype which is here to stay, then buckle up. According to PWC, the gaming and esports sector has prospered during the pandemic with the market expected to grow 7% over the next four years.
This is not financial advice, I am not a financial advisor.