Enjinusd
Enjin Coin (ENJUSDT/ENJBTC) Long & Short Trade Setups 2021/03/05Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $0.80-0.90 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ $1.5, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
ENJIN- 120% Higher since our Feb 23rd postOur research seems to be paying dividends again.
ENJIN has been under our monitor but we had to wait to buy it right on support..
Which we did perfectly on FB 23rd
Much obliged,
the FXPROFESSOR
🕹️ ENJIN = Great coin, time to buy some 🍊This is a great project that I had been waiting for weeks to find an opportunity to buy some.
Cryptos are dropping and as you can see from my previous ideas I am short on Ethereum and Bitcoin, BCH and others at this moment which has been creating a 'new budget' to buy into more coins I like.
ENJIN has been 'approved' and being used by Microsoft , Labs group , Samsung and others.. probably many will follow
Enjin Network is a social gaming platform where users can create websites, chat, and host virtual item stores. The network has played a great role in interconnecting users, especially in the current social distancing climate.
Oh, i forgot to mention that Enjin has Received Regulatory Approval in Japan 🎎
Technically: Finally on support= Time for me to BUY
ENJUSDT will countinue up trendEnjin coin is in the third wave when you look daily chart (but it is not finished)
Undoubtedly a new up trend will begin, but we are not sure whether the correction wave is over or not.
I expect this correction wave goes up from one of the blue support boxes. EMA 50(daily chart) and EMA 200(4h chart) are shows the same area.
There are three scenario which is shown with path lines.
According to daily chart we can find two targets (pink boxes).
4h chart shows a continuing cycle which is going to start the fifth impulse wave.
As you see, the 4h and daily targets are almost the same. and also the channel confirms us.
ENJ 1D Is it enough to grow for now or not? :)It seems that old ENJ decided to remember how he could fly.
At the end of 2017, at the beginning of 2018, this token made x25 from $0.02 to $0.50 in a matter of weeks.
Then there was a long period of consolidation and attempts to grow.
And now, the price of ENJUSDT is approaching ATH , and we did not find any hype news that could push the coin up.
If we missed something, please write in the comments.
In any case, while it is hard to believe that the ENJUSD price will be able to update its historical high the first time.
At the moment, it is more believed that the price will make another stage of correction with the final target in the range of $0.17-0.18.
If we missed some important news on the project that can stimulate growth, we will start to consider the long after the price is firmly fixed above $0.48.
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ENJ/BTC: Higher Lows, Looking for Further Momentum 2D (Aug. 13)X Force Global Analysis:
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In this analysis, we look at Enjin Coin's (ENJ) 2 day chart, identifying key trend lines and areas of support.
Analysis
- ENJ has been creating higher lows and higher highs, until recently it has had a corrective trend
- Prices bounced on historical support, marked by the blue area
- It is currently trading below the 0.382 Fibonacci resistance, and has tested the 0.618 resistance with a wick
- However, as the overall trend is bullish, we could expect further bullish price movement from ENJ
What We Believe
Given that Bitcoin ranges sideways for a while, Bitcoin dominance will drop accordingly, providing opportunities for a bullish altcoin market. The overall cryptocurrency market is bullish, just as ENJ's overall trend.
Let us know what you think in the comment section below
Trade Safe.
An interesting pair ENJINENJ/BTC and ENJ/ETH
Both forming H&S patterns
Could a hidden truth be possibly found within these pairs structure, regarding ethereums decoupling from bitcoin?
Comment below if you spot anything or if im just an ETH fanboy
A chart for the USD pair
I recently added more of this coin!
ENJIN Long IdeaA few rising wedges have formed, along with a falling wedge that led to a large break to the upside of the major rising wedge
looking for a breakdown of this current price structure into a H&S pattern to the bottom of the wedge, this is the best opportunity for long.
Its also a good opportunity to go long at the middle of the wedge trend, i have listed this point.
Forming a H&S on the BTC pair so it seems appropriate to form a H&S pattern on the USD pair
I am long this project
ENJETH w bottom with volume confirmation Definitely expect to see some major parabolic movement in a shortsell for ENJETH...
Green horizontals represent TP1 and two and of course the most important of all as always the red horizontal represents the stop loss.
Please do check out my Twitter/LinkedIn feed for the keynote speech (for now just the transcript — I’m looking to get the footage ASAP once it’s been edited, I’ll keep you posted) but if you aren’t one of those TLDR folk & can stomach a 32 page transcript I highly would appreciate and encourage any feedback / discussion or constructive criticism.
My medium account has the same handle as all others and it’s the only post up this far since branching off to the renowned blog long form writing platform lives l
I delivered this morning at BENZINGA’s Blockchain Forum (A marketing / mixer networking opportunity to pitch to angel investors hand selected & not advertised as a public event) as all in attendance experience. Needless to say the crowd was receptive, I would appreciate any of your opinions (I know it’s just a transcript but IM seeking advise on the entertainment & intrigue of the content as well how the efficacy in which it uses cited facts and history as a barometer and metric for a prospective future based on the “Law of Accelerating Returns”
— I’ll leave it at that, you can check the transcript out at medium or Linkdeln (even reposted on twitter) all with the same handle @a1mtarabichi : thank you.
Enjoy this parabolic run, don’t FOMO or FUD and set your stop losses while treading lightly. In the related links below you can see (according to my LONG on 3/21: all BTC fundamentals from the wedge & projected technical analysis as well as conjecture from said publication ended up panning out beautifully.
Though I should note we are due for a pullback soon so don’t expect this gravy train to keep rolling without stopping for gas and heading back a few key support before another retracement leading us again to another higher high.
Bear in mind (pun intended) that the market was long overdue for this— As I stated in previous publication notice how the volume and hash rate was nearly triple what it was at our all-time high which is very indicative that we are leveling out to a more stable/institutional form of investment price action derivatives as Q417 - Q118 obviously had nearly double or rather nearly 140% of what current price action is in terms of priceaction despite having not even 40% of active users.
This explains why we’re not seeing as much volatility as we used to and we’re still seeing a lot so for those who don’t remember or word around you can’t even imagine how crazy it was back when that much market cap in total supply was in the hands of selecr few. with no regulations or fear of reprisals.
In fact in 2017 in spite of $1 trillion reaching the global market cap and billions if not tens of millions of profits earned by select few and even more billions if not hundreds of millions in the hands of the dolphins hell even the minnows profited— it’s hard to lose when everything is bullish: My point being more than 97% Crypto related earnings were reported in terms of taxes and how foolish were they to think uncle Sam would not come around eventually even if it was tomorrow’s problem yesterday and with crypto winter following suit you could be in real trouble if you profited immensely and lost it all the following quarter as you’re still liable for those earnings in back taxes.
Full disclosure : while this video or publication is not sponsored by anyone; Taxbit has sponsored me in several other projects and I do have an active contract with them.
With that being said; enjoy your evening & use Taxbit to PAY YOUR TAXES...
You know the saying about death and taxes.
Respectfully
-@a1mTarabichi
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
My eyes are on ENJIN CoinToday I have analyzed altcoins which can give us some small relief but at the same time have the highest probabilities of delivering the outcome of what we want to see. I have chosen the Enjin Coin $ENJ
- Crossing on daily 100,150,200 DMAs
- Daily above previous VWAPs close from Aug-Dec 19'
- Retraced the previous rally down to 79% and found support on 62% of the last swing high
The plan is to start expansion/rally to our targets as soon as possible, otherwise, we will visit the second support at 875-920 satoshi, so I am expecting daily close above 1068 and this level should hold and act as a support. Then I would expect a rally from this level to meet our targets.
If the daily will not close and hold above 1068 level, then I will leave this idea and I will be watching second support at 875-920 satoshis.
Others altcoins what I have found did not have fulfil my criterias. I am still very cautious because of high Bitcoin Dominance (currently above 70%) which can ruin any good/strong setup in altcoins. So do not be greedy in your targets and if there will be seen any weakness in your setups in altcoins do not be afraid to cut it as soon as possible.
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I do a daily observation of major currencies in forex and crypto. Do not miss any move, high-valued analysis or educational content.
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ENJUSDT forming bullish gartley pattern | Upto 62% expectedPriceline of Enjin / US Dollar cryptocurrency is forming bullish Gartley pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.07010 to 0.05988
Sell between: 0.07815 to 0.09754
Regards,
Atif Akbar (moon333)
ENJUSDT formed bullish Shark | Upto 32% move7 minutes ago
Priceline of Enjin Coin / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.05601 to 0.05227
Sell between: 0.06044 to 0.06903
Regards,
Atif Akbar (moon333)