Enjusd
ENJ Long Term TrendEnjin Coin has had a solid long term uptrend building since late 2017.
It faced huge drops of between 95-50% in a year which are consistent with many other altcoins.
It pumped early and pumped hard this bull market.
Many traders will be taking profits right now. Some bagging the 500% gain from the past quarter.
If I were to enter I would wait for a dip below the upper channel. Which may or may not come after it loses steam from the breakout.
Bitcoin appears to be about to take another leg up, so I wouldn't be betting against this market.
However, I do think that capital would be better placed in tokens that haven't just run +500% to the upside.
The safest time to get on a rocket is before it takes off.
ENJUSDT - looks strongerlooks stronger than the market!
- accumulation
- key level
- global uptrend
- locally uptrend
-buy after break out
You will learn the best place where we can trade this instrument at low risk.
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
ENJUSDT (ENJIN COIN) - BUY ENTRY ANALYSIS 🔎
- ENJUSDT brokeout above the symmetrical triangle's inclined resistance.
- Price action is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Aggressive entry (risky) : market price (now).
- Conservative entry : breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
ENJUSD 18 February 2021 4H Timeframe Hi traders and welcome to my channel ...
As you can see ENJUSD (EnjinCoin) still in the uptrend channel … for now, I think it’s going to touch dynamic support at 0.50000 and also you can see 4h support at 0.45058 as a static support and then we have continuation of long move to 0.8
but if breaks the static support at 0.45058 it going to retest and drop more to next level of support area at 0.35728
Good luck guys and be careful
All info can be found in my chart.
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DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
ENJUSDT (ENJIN COIN) - UPTREND CONTINUATION ANALYSIS 🔎
- ENJUSDT got rejected off the ascending channel resistance.
- The market then retraced for a retest of the ascending channel support and 0.618 fibonacci retracement level.
- The retracement is resisted by the descending trendline resistance.
- There's an uptrend continuation possibility.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support.
ENJ - $1.65 nextENJ broke out of a long term accumulation zone at $0.16 to quickly jump 100% towards $0.33. It faces a rejection at the upper resistance of $0.42 and revisited the support zone at $0.33 to continue the journey higher. If ENJ can break the resistance at $0.56 and flip it to support by closing few daily candles above this zone, we could start seeing a move towards $0.62, $0.70, $0.92, $1.29 and $1.65. Failure to break the resistance at $0.56 could lead to a drop towards $0.42 to revisit support. This could be a great entry point for ENJ.
#enjusdt #enjincoin #4hHi guys..its the latest analyze chart of #ENJUSDT in 4H time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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Who freaked out on Enjin Coin's drop?Warning: our thoughts are ours; not financial advice.
It's normal to freak out, especially when you are always focused on the smaller timeframe.
We only make decisions on the bigger picture.
No matter what happens, the daily candle close is what matters most.
We saw a low of 44 cents at the early hours of today. However, the price still trades within the channel.
How bad can this go? Maybe 40 cents. We'll be stacking up even more at this point.
ENJUSD: Parabolic Growth Looms!What is Enjin (ENJ)?
Enjin Coin (ENJ) is a cryptocurrency and blockchain platform designed for the video game industry. It was created on the Ethereum blockchain by Enjin, a company that helps over 20 million gamers create sandbox forums and communities around their favorite games.
ENJ was the first Gaming Token Approved in Japan, which I expect to continue into the future with other countries!
The Hype Around Gaming Cryptos is immense don't doubt that!
ENJUSD Looking to continue its parabolic trend into the future.
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CRYPTO - TECHNICAL - FUNDAMENTAL - $ENJ.X Enjin- Wave 3 starting, bull flag breakout
- Bullish on Fundamentals
- This is one of my picks for the next crypto 1000xer
Wave 5 PT: 1.2 USD
ENJUSDT - Bullish symmetrical triangle?To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend = Bull (HH, HL), currently consolidating
Notes:
- Currently trading in a range between D1 S/R
- Forming symmetrical triangle on 4H
- On D1 respecting the 20EMA nicely as support
- Low volume, uptrending RSI
Ideas:
- Symmetrical triangle can breakout both ways, however due to previous uptrend, bullish breakout more likely. Would enter trade on the breakout/confirm candle
ENJ/USD - Another aim at $0.50!ENJ was rejected last time when we touched $0.50, now that we found support we are looking good to push again higher and re-test the $0.50 level.
Indicators are looking good, however, the resistance zone has proven quite strong and last time we were immediately rejected and pushed down. Likely we have to build more momentum to push higher than ATH.
Good to explore long opportunities with a sell target just under $0.50 level. Once there, best to wait to see what happens.
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ENJ/USD - Pressure building, $0.50 or $0.30?ENJ is getting close to an apex (in blue) between resistance and support. We will have to break out one way or another.
Indicators gives us plenty of room to go higher, however, the volume is almost nil. Therefore, it may be hard to go higher without volume picking up.
We may need Monday to come to give us a clear direction as the volume over the weekend has been very poor. The correction we had a few days ago to $0.30 (see my last idea) allowed us to get back up now, question is if we will push higher.
We need to break the dotted line if we are to hope for higher levels. Bias remains bullish for now, but watch out, we have a big resistance above $0.50 which was our previous ATH. We may get a fast rejection once we reach that level.
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ENJ/USD - Parabolic rise approaching resistance! ENJ has gone parabolic this past week. Congrats to those that longed the rise!
However, now we are quickly approaching the resistance zone and ATH which will likely push us back. This is not the time to buy, rather wait to short or simply wait for price to give direction.
The indicators on daily are overextended and on this 4h chart we can see that MACD is giving signals this rise is losing some strength with the histogram ticking lower with a rising price (bearish divergence).
Therefore, expect a reaction at around $0.50 cents or Fib 78% if we make it that far.
If we are to fall we have some support at $0.33 and a good support at $0.25 (resistance turned support).
I do not exclude another pump, but be careful on this raise as we can quickly go down just as we went up as we approach the apex of the formation.
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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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✳️Enjin/USDT (29/11) View + Trading Plan #ENJ $ENJ0.14$ zone remains a reliable support zone of ENJ as it has consistently pushed ENJ back up, the heading target is the strong resistance zone at 0.18$ and I think ENJ will reach it in mid-December.
If the zone of 0.18$ is conquered, ENJ will quickly rise to the zone of 0.22$ or higher.
However, if this 0.14$ zone is broken it will drop very sharply and it will become a very strong resistance that ENJ is very difficult to overcome in the future.
📈BUY- LONG
-Buy: 0.135-0.14$.SL B
📉SELL-SHORT
-Sell: 0.175-0.18$. SL A
-Sell: 0.215-0.225$. SL A
♻️BACK-UP
-Sell: 0.135-0.14$ if B. SL A
-Buy: 0.095-0.1$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"