ENJ - Open position in this scenarioBYBIT:ENJUSDT
4H trend chart
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ENJ is converging and approaching to the end of triangle.
It encountered resistance from the downtrend line many times.
If price can breakout this trend line, trading strategy as below.
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Profit Targets:
a) 2.9475----Fib(1)
b) 3.0645~3.1120--------Fib(1.272~1.382)
c) 3.2140----Fib(1.618)
Stop losses:
a) 2.6615-----Red horizontal ray
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ENJUSDT
ENJ ANALYSISHere's a quick look at ENJ 4hr chart . As we can see, the price has been showing a trend line resistance and moving also in the symmetrical triangle .
we need to break this triangle
Also formation of box t hat also need to break first for further go.
Now its time to wait and hold it
Definitely one to keep an eye on .
The best entry at Support level, also on trend support and after breakout and retest.
Targets
3.264$ , 3.956$ ,4.837$
THANKYOU
ENJUSDT - LONGBased on technical factors there is a long position in ENJUSDT Enjin Coin
ENJUSDT Enjin Coin
Score 1️⃣
🔵Long Now or set on Key Level 2.595
🟢Target 1 2.700
🟢Target 2 2.820
❌Stop loss 2.560
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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Prepare for a short orderOn the 4H TF, I see BINANCE:ENJUSDT has done the fourth wave at 3.34 and the last wave has been happening.
ENJ has done the first wave at 2.55. Then a pullback to 2.975. At this level, we can give a short order with SL 3.145 and TP 2.155 or expanded around 1.5
Time will tell
ENJ - a trend line has been formed, but a large volume has come Bitcoin has broken its local trend line, big volume appeared at the top and this is not a good signal. Therefore, there are several market scenarios to consider now.
There is a trend line on the ENJ chart, the price is testing the trend line for the fifth time, with each test the resistance is weakening and a breakout might come soon. I don't like that the ENJ also has a big volume on the top.
In case of a breakdown of the trend line, there could be a good buying opportunity. In case of a false breakdown a good opportunity to sell.
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.
🕹️ ENJIN = Here We COME!!! 🍊Let's go Top-15.
Here is our updated chart with key levels (keep it round: 3...4...5!)
Nice article:
Buy Enjin Coin If You’re Bullish ‘Meta Mania’ Will Continue
It may have spiked in price during October and November, but metaverse cryptocurrency Enjin Coin (CCC:ENJ-USD) has sold off considerably in recent weeks. Dropping more than 46.7% from its all-time high on Nov. 25, this smaller “metacoin” has seen a slightly greater drop in price than its larger peers, such as Decentraland (CCC:MANA-USD) and The Sandbox (CCC:SAND-USD).
Yet while the metacoins trend seems like it could be as flash-in-the-pan as the “pupcoin” trend from a few months back, I’ll admit there may be more substance to this latest crypto-related phenomenon. Or else, tech giants like Meta Platforms (NASDAQ:FB), aka Facebook, as well as Apple (NASDAQ:AAPL), wouldn’t be gearing up to try and dominate the metaverse equipment space.
With this, the recent cooldown in “meta mania” may just be temporary. Much like how crypto in general has moved in waves, yet has steadily increased in value over time, the same thing could happen here with meta-themed digital assets.
Start Your ENJINS,
The FXPROFESSOR
ENJUSDT, Its ready to move upwards to the 1st targetHello everybody
ENJ is one the most powerful token of project that is working in blockchain gaming base
According to the chart you can see the price impact good to the support zone area that is trendline support and we expect the price to go up until reach to the 1st target.
Wait to do a liitle correct that these green candle and after that you can entrance in long position and buy until the target reach.
Dont forget observe capital management
Previous analysis :
Good Luck
Abtin
Enj to $3$enj got the breakout of downtrend on LTF. Green box has been accumulation zone. If $btc hold steady and continues up I expect and push to $3-3.15 within the next week or two. #enjusdt
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Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
ENJIN - One of My TOP Picks for the SeasonWhen we say season we mean Xmas season...
ENJIN has a lot of great things going and as soon as BTC can start recovering we expect this coin to fly to new All Time Highs or higher.
It’s Early Days, but Enjin May Be a Metaverse Crypto That’s Worth the Money:
And like much of the crypto world, Enjin has experienced rapid growth. Year-to-date, its value is up 2,500%. That growth, combined with those previously mentioned factors, makes Enjin highly interesting right now.
The best place to start in understanding Enjin is to start with the most relevant topic: The metaverse.
Start your ENJINs. It will make it to Top-15, that's our expectation.
the FXPROFESSOR
WILL GALA MAKE ATH AGAIN??After making ATH at 0.8$ GALA is having a correction and is testing 0.5 fibonacci level & EMA20. If GALA breaks and sustain 0.382 fibonacci level LONGS can be taken else if GALA breaks 0.5 fibonacci level sorts can be taken targeting 0.6 level as there is also a EMA50 strong support.
ENJUSDT Making Symmetrical TriangleEnj making a triangle. and now trading on 2.875 if it is able to break the resistance then we can see its price going toward 3.60 and if it's not able to break the resistance and shows a little correction then we can see its support level around 2.73 and if it breaks the support we can see its price around 2.05.
Trade Accordingly. if it breaks the resistance then wait for the retracement and testing its new support level and then take long otherwise vice versa.