ENJ Monthly / HTF ViewWe could be infact repeating the exact thing in 2020-2021 bull run.
We need to get above the 0.69~ area to be really bullish.
#ENJ #Gaming #NFTs
Enjinusdt
Enjin Coin / ENJ analysisThe price of ENJ is $0.45 today with a 24hour trading volume of 202 million dollars. This represents a 9% price increase in the last 24 hours and a 88% price increase in the past 30 days.
Enjin Coin is a cryptocurrency for virtual goods created by Enjin. Enjin is gaming community platform with over 250,000 gaming communities and 18 million registered gamers. The Enjin team is designing the coin completely around gaming with the goal of it being the most usable cryptocurrency for the industry. The project includes the Enjin Coin as well as a suite of software development kits that developers can integrate into their games and communities.
Enjin partnered with some big companies last year, Samsung (keystone blockchain) , Microsoft (Azure Heros), Atari and Unity (games dev) and BMW (app).
but now lets look at the chart,we have a GOD monthly candle which shows bulls turned on their engines and ready for higher levels
now as you see enj is at its fist resistance 0.45 and trying to break it, if bulls manage to break it then the next target is 0.55 and 0.6
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
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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
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As always, feedback is appreciated!
Enjin Coin ENJ Price Targets and Stop LossENJ/USDT
Entry Range: $1.46 - 1.58
Take Profit 1: $1.90
Take Profit 2: $2.10
Take Profit 3: $2.45
Stop Loss: $1.25
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
Will ENJIN Continue UP like this? An idea for ENJUSD,
A parabolic curve can be drawn from each bottom point
Perhaps this will be a larger curved trend that will hodl in the medium term (yellow)
Blue line is what I expect of this indicator if price does increase
Enjin Coin SetupThis is the setup of Enjin Coin, this setup based on supply and demand, trendline and support resistance, the risk reward is quite worth it
Enjin Coin hey traders, there is Enj, we need a closing above the blue line for 1D bar to get the green lines and the stop loss is a close under the red line for 1D bar
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trade carefully guys and don't forget the risk management.
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#ENJIN Cup and Handle Coincides with a Target of $6.30#Enjin Cup and handle formation is complete a high probability of Testing $6.30 in the near term.
Traders should follow strict stop loss as gaming projects space is overheating.
#SAND an exception as it is supposed to deliver on the 29th Nov 2021.
Taking Another Look at ENJINA large curve (or parabola (I think)) can be drawn on the ENJIN chart, showing a previous point of resistance turning directly into a point of support
This point of support is further emphasized with a golden cross right on the line
This suggests the bull movement is not over, and price will continue to rise
The main structure can also be drawn as a symmetrical triangle, which also has a bullish nature
The circles I have mainly placed for fun, but a nice trendline up against the circles can be drawn, displaying the symmetry of the chart
I am long ENJIN
#ENJ good entries ?#Enjin need a correction after it's ATH
Good points for entry are 3.2 and 3 . If support level is lost at 3, the next support level is 2.8
ENJIN COINEnjin coin formed cup and handle pattern and reacted price targets of cup and handle pattern. now price going back to buying zone . you can buy enjin coin at buying zone
#ENJ is starting ✔⚡💥The enjin has broken a long-term downtrend and Pulbeck has also hit that trend, now after stabilizing above the trend line, it can move towards price targets.
I hope you find this analysis useful🌹
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#DYOR
ENJIN is about to takeoffENJUSD has broken out of this triangle that has formed
It could also be considered a Flag, as part of a bullflag structure
You can see the price creeping out of the triangle, a very bullish scenario
Don't miss this one
ENJUSD Price AnalysisThe daily chart shows ENJ cleared trend resistance at $1.7800 on the 20th. Furthermore, the price pulled back and bounced from trend support after breaking out, reinforcing its validity. After successfully retesting the trend, Ejin surged above the September high of $2.3325, now the first support. Below $2.3325, the 20, 50, 100, and 200-DMA’s join the trend (now at $1.6600) to create significant confluent support.
However, the Relative Strength Index (RSI) reading of 78.05 tells us the rally is overdone in the near term. On the other hand, cryptocurrencies have a habit of over-extending for long periods before correcting. Nonetheless, the elevated RSI reading could be significant. If Enjin coin retraces below $2.3325, it could trigger a reversal, targeting the trend support. But for now, the likeliest scenario is a squeeze higher, which in my opinion, will ultimately prove unsustainable. However, as long as ENJ holds $2.3325, it will likely go higher, but a close below $2.3325 could derail the immediate bullish outlook.
Hello community, please if you like my ideas do not forget to support them with your likes and comment, and you can also get in touch for daily signals and alerts
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 the daily time frame, it has made a small ascending channel and it is oscillating
It has a resistance in the range of $ 1.65
In case of failure (due to the market atmosphere, it is likely to be broken) it will reach the specified limits in the short term
In case of temporary fall of the market, the best area to buy is the yellow box
ENJ and MATIC Symmetrical Triangle Similarities observed between Enjin and MATIC
Both are displaying a symmetrical triangle, then a large breakout to the upside
MATIC won in the % breakout to the upside, but that doesn't mean Enjin can't catch up, (plotted with bars pattern (line in green))
ENJIN Targets and Support/Resistance1.272 is my TP for now for ENJIN
Red circles / ovals can be seen as levels of resistance
Green circles / ovals can be seen as levels of support
You can see how previous resistances are now zones of support
Enjin? No upward movement!ENJ is within wave B of wave Y.
Due to current correction pattern, I think it's a kind of triangle patterns.
If it is as I said, it would be a timing correction.
Therefore there is no specific upward movement because of the correction pattern completion.
