ENJBTC Will Move Down Again (Support and Resistance)Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
ENJ has just hit this resistance zone, which allows for a nice support and resistance trade set-up. Not many exchanges offer short positions for ENJ, so if you're currently holding this is a great moment to sell.
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Enjusd
ENJ/USD LONG SET UP FOR NEW ALL TIME HIGHSThe news was released on Tuesday and it says that game engineers will be able to benefit from what decentralized inventory has to offer, from integrating both gaming and non-gaming assets based on blockchain and from managing economic mechanics when it comes to the game play. Here’s what Maxim Blagov, Enjin’s CEO, said in a press release (blog.enjin.io) about the platform:
“OUR PLATFORM IS DESIGNED TO INTEGRATE SEAMLESSLY INTO NEW AND EXISTING GAMES ALIKE, PROVIDING A COMPETITIVE EDGE TO STUDIOS OF ALL SIZES AND ACROSS ALL GENRES.”
The ERC-1155 Token Standard Supported
The Enjin Platform is comprised of many services and tools based on supporting Ethereum’s ERC-1155 token standard web interface that developers may use in order to integrate non-fungible (NFTs) and fungible tokens in a smart contract. NFTs are used for crypto collectibles and most known for having some rare aspects. They use the Enjin coin (ENJ) (bitcoinexchangeguide.com) to back the in-game assets’ value.
🔥 Binance :Top Gainers Today / Enjin Coin +28% Enjin Coin (ENJ/USDT)
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
ENJUSD Possible breakout Take from this what you want to.
TP 1 .143ish
TP2 .1.49ish
Seems to have a confirmed break out of trend lines
Looks like a good short term play. Long term breakout happened 3rd week in Jan so possible 1week+ play.
Over all looks strong in my opinion.
Let me know your thoughts or questions or dm me!
not advice just an idea.... I am some random dude on the internet...
#Enjin Coin | A Good Area To Climb Up AgainEntry : 0.00000903 - 0.00000848
Target 1 : 0.00001025
Target 2 : 0.00001184
Target 3 : 0.00001389
Target 4 : 0.00001689
Target 5 : 0.00002024
Stop loss : 0.00000695
Risk/Reward : 17%/140%
Do not risk a large amount of your money
Do not hurry to buy, the price may go down to good places
Please share your opinion in the comments box and do not forget to press the like button
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ENJUSDT: First Contact of 200D 1.25 Stdev Upper Band in Months*Not financial advice*
I had tweeted out about this setup weeks ago after $ENJ had finally dumped sufficiently following hype from Microsoft's announcement of their pilot with Enjin for "Azure Heroes" NFTs. twitter.com
These long term bands are finally compressed quite tightly (relative to the massive expansion for Samsung's announcement last Spring), likely signaling a very volatile event in the mid term. In addition to this compression, ENJ/USD has steadily come closer to the 200D mean, and like in last Spring, maintained a very close distance to this MA for some time (these last few months) before exploding upwards. A pump through the upper 200D bollinger band at 1.25 standard deviations, a very reliable price pivot area, would likely result in a multi-week (and very volatile) rally. And somehow, this price even lines up as the entire vertical range's point of control (POC), likely a result of intense accumulation at this price for the two other cycles.
Be sure to do your own research into Enjin, because this has proven to be a very interesting project over the years.
I will attempt to update this post with targets as this unfolds, but activity like this isn't really too easy to plan for. Good luck!
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)
ENJ - BULL FLAG TRAPPED IN SIDEWAYS CHANNEL - CryptoManiac101ENJ / USD TA
Here we are looking at a bull flag that got trapped in sideways channel.
Is this a BUY or SELL?
Short term entry here is higher risk VS if we wait for it to clear local resistance.
In long term it's a BUY as seen from chart below. We see it bottomed out and bounced off long term established support.
ENJ the next big boy in crypto #gemhunt 200% profit potentialhey guys welcome for another gemhunt in altcoins, now as you know previously we picked some of the best altcoins for you which gave huge huge profits in just some time, our first pick was Matic and second one was One we took great entry and exit points in both of this coins, next coin i want to add in my list is ENJ or Enjin, which is something definitely looks damn bullish and strongly holding support levels even against Bitcoin's price volatility.
now in the upper chart which is 3day candle chart, the first thing you see is the red support line which bulls strongly hold upto 6 months, this is the major line between bulls and bears, if prices goes below this than its really difficult to say where drop will hold the support
next is the green line the major short term support level we need to hold for the next rally any daily close below this will lead the drop towards the red line, so that's a good place to set your stops, right now this short term support is sitting around 0.075-0.077$ level
the horizontal white lines are small resistances where you need to take profits and cut your position, and the pink zone you see will be the first major resistance and after that the red zone is more likely the place where you expect a reversal, incase if prices breaks the red zone than 0.025$ could be the last extended stop for the rally.
at the bottom as you see 3 day RSI is clearly making a higher lows with prices forming lower lows formation, indicting for a strong bullish divergence.
here's the weekly view of ENJ, now the very first thing are the moving averages which you see in chart, clearly we made a successful weekly close above 55 and 21 wema which is a strong indication of a rally, plus bulls are strongly protecting 21 wema which is right now sitting around 0.075$, another major factor is my custom indicator which has just left the green and blue zone and strongly moving in the yellow zone, so clearly no sign of weak momentum, next thing to notice is the upper trend line you see connecting tops which is the key level we need to break to keep moving higher.
here's the daily chart which looks damn beautiful, notice that how perfectly prices hold the golden ratio fib618 level for almost 6 months, even when bitcoin is highly volatile ENJ keeps hold its position, and my custom indicator is showing that we've now moved in the red zone which is a strong signal of keep moving higher and making higher highs and keep breaking resistances.
alright, that's all for now guys, do hit like and follow us so that we keep bringing awesome new trading ideas for you so you guys keep cashing out with profits
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this is husain zabir signing out
thankyou...
ENJ/BTC TA Update (Bounce at 200 Day MA?)ENJ/BTC
ENJ went straight into the 200 Day MA, breaking above it and now back to 200 MA retest as support.
It is not easy to say the 200 MA will hold because, during the pump, no support is built around the 200 MA.
We will wait for more price action between this area of support in the coming days.
It is not advised to buy this coin at this price point as it may be just a bounce at 200 MA not trend reversal.
ENJUSDT formed bullish BAT | Upto 13.5% bullish movePriceline of Enjin Coin / US Dollar cryptocurrency has formed a bullish BAT 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: 0.09323 to 0.09144
Sell between: 0.09750 to 0.10389
Regards,
Atif Akbar (moon333)
ENJ - ENJIN - Conviction Buy
BITFINEX:ENJUSD is a Conviction Buy.
Analysis Method: Fibonacci & Wave Theory
ENJ - ENJIN
Stats: coinmarketcap.com
About Enjin Coin:
Since its founding in 2009, Enjin has launched a gaming community platform called the Enjin Network and has grown it to approximately 20+ million users.
In 2017 following an ICO that reportedly raised $18.9 million, Enjin has been building a suite of user-centric blockchain products that aims to enable anyone to create, manage, trade, store, explore, distribute, and integrate blockchain assets.
The Enjin ecosystem (comprising the Enjin Platform, Explorer, Wallet, Beam) aims to empower gamers with ownership of digital assets and enables game industry businesses to increase revenue. Enjin’s tools and services can also be used by companies seeking to create blockchain products or utilize tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies.
The Enjin ecosystem is fueled by Enjin Coin ( ENJ ), an Ethereum-based cryptocurrency used to directly back the value of blockchain assets.
According to the team, there are currently millions of ENJ locked in blockchain-based digital assets.
For more information, please visit enjin.io.
I personally use the ENJIN iPhone App and have found it to be very resourceful with a well executed design.
Overview:
Monthly Chart - Cycle Wave 1 & 2 - Key Levels
Weekly Chart
Daily Chart:
Will update.
THW
ENJBTC ENJIN REVVED UP & READY TO PUMP!! C&H + VOL SHORTENJBTC looking bullish on a short (which you can expect to see from my handle -- for those that need clarification; I primarily focus on short-midterm technical analysis as to project a LONG on any pairing, let alone BTCUSD, is like throwing darts at a board & hoping you hit the right mark) the simple fact of the matter is -- the market is simply too volatile as we shift back & forth in this never-ending tug-of-war with suppression from whales preventing us from breaching that golden resistance threshold: 13.6K..but I digress.
In the meantime, there are PLENTY of opportunities to accumulate more BTC and if you truly believe that BTC will eventually retrace to its ATH & beyond then the name of the game should be stacking sats amirite?
So bear in mind when I post publications that I do so without regard of losing $fiat & IDGAF if i lose $10,000 if I gain 1.0 BTC in the process; so in that sense -- I'm in it for the long haul..and you should be to, cause if you aren't: why are you here? Would you buy a product/service that you had no knowledge of? Would you invest in something you didn't believe would net a decent ROI?
Obviously not...with the exception of the "getrichquick LAMBO moon kiddies" those of us who survived #cryptowinter 2018 know that this is how the game is played.
Booms & Busts & its essentially no different than NYSE except the booms / busts are much more consequential && much more rapid.
With that being said: some alts I picked out this morning include $MATIC $ENJ $BNB $TROY though I would tread lightly & use fibo figures while ALWAYS SETTING YOUR STOP-LOSS, I CANNOT STRESS THIS ENOUGH -- SO MANY TRADERS GET GREEDY AND SET THEIR SELL-LIMIT WITH A 15% (some as high as 40%) MARKUP AND THEN WAKE UP THE NEXT MORNING BEING DOWN -20% THINKING TO THEMSELVES "FUCK...DO I BAG HODL? OR TAKE THE L?"
Avoid that situation by getting a simple iWatch, FitBit or whatever smartwatch device that can have you set alerts on your portfolios so that the AI is triggered ALWAYS & ONLY for stop-losses & your TP (you'll find that I often post multiple targets, though I should note that I always aim for TP1 -- anything else is for the high risk, high reward bullish/aggressive traders out there) and with that being said, here are the figures for this publication -- bolstered by the volume accumulation & cup and handle formation:
PIVOT: 1282s
TP1: 1320s
TP2 (BULLISH): 1430s
THE MOST IMPORTANT FIGURE:
STOP: 989s
Disclaimer
Not financial advise -- just one wizard's opinion. Also, I did upgrade to PRO+ so I will be taking advantage of the bonus features & that means MANY MANY more publications -- so stay tuned as I expand my network & grow my handles, a rising tide lifts all boats & that's how I feel about SM tbh. It's a means to an end. It sucks having to do something you hate (twitter) to accomplish something you love (expanding network/growing analyst profile) but once again...I digress. Just take every trader's opinion with a grain of salt. This publication is posted a la EMA8,12 with 20 MACD.
Have a wonderful day.
-@a1mTarabichi