ENJUSDT
ENJIN- Our Selected Trade for the Weekend is CARBON NEGATIVE! 🍏If the weather is nice (if Bitcoin rises and the rest follow) then ENJIN will deliver.
If the weather will be bad during the weekend (Bitcoin drops and everything elses follow) then ENJIN will not drop as much as the rest.
Why? Because the charts looks much better than the rest of my favorites, including Ada, Sia, Vet and Celo.
Let's hope the weather will be good.
NEWS: Enjin said it sold $20 million in EFI tokens through a public sale on CoinList.
Held on June 24, Enjin said there were 40,089 participants in the sale who purchased the EFI tokens in just two and a half hours.
EFI is the native token of Efinity, a Polkadot-based parachain with a focus on non-fungible tokens (NFTs).
Despite a recent dip in the crypto market, the sale indicates continued interest in getting in early on new tokens.
The Efinity blockchain platform supports NFTs from any blockchain, including Polkadot, Kusama, Ethereum, Enjin’s JumpNet and more.
“NFTs are the future of digital ownership,” said Enjin CEO Maxim Blagov. “Efinity will provide the infrastructure needed to harness NFTs with ease, and allow creators to focus on the creative process.”
and more GREAT NEWS : Enjin, a blockchain gaming and nonfungible token platform, has stepped up to decarbonize its footprint by joining the Crypto Climate Accord, a move that adds further credibility to the industry’s growing environmental mandate.
The Crypto Climate Accord is backed by 20 firms from the blockchain, fin-tech and greentech industries. Inspired by the 195-signatory Paris Climate Agreement, the Accord was established in April to address the "large and growing energy consumption of cryptocurrency and blockchain, and the climate impact of their energy use.”
Enjin claims that its JumpNet blockchain has already achieved carbon-negative status nine years ahead of schedule. In March, the company said it planned to enable carbon-neutral NFTs by 2030.
the FXPROFESSOR
$ENJ/USDT 12h (Binance Futures) Descending trendline breakoutEnjinCoin broke-out bullish and is retesting the TL, it may pull-back to 50MA before bouncing again.
Current Price= 1.27.04
Buy Entry = 1.2406 - 1.1686
Take Profit= 1.4582 | 1.7380 | 2.1732
Stop Loss= 0.9924
Risk/Reward= 1:1.25 | 1:2.51 | 1:4.56
Expected Profit= +21.05% | +44.28% | +80.41%
Possible Loss= -17.62%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
ENJUSDBINANCE:ENJUSD is bearish and currently being wedged down by the 200 EMA (black line). We are bearish until we break over the blue downtrend line.
Steps to take:
Buy on candle open/close above $1.83 resistance line OR at break of blue downtrend line OR multiple buy signals
Should we dip down to the lower blue uptrend line that would also be a good buying opportunity
Sell if candle open/close below current support line
ENJ/USDT BINANCEENJ/USDT BINANCE
4H hollow candlesticks.
After a very profitable year, Enjin continues a healthy steady growth after a huge correction above 80% of its value.
As those two asymmetric triangles have formed, a price breakout is about to happen as BTC will lead the market.
Multiple support & resistance levels shown as horizontal lines, except those two basic highlighted areas.
Fibonacci retracement showed already a nice entry point.
MACD shows a sideways movement.
Steady Volume.
A bar pattern repetition shows a possible scenario for the next days.
Enjin Coin Price (ENJ) = $1.41 -3.41%
0.00003666 BTC -1.44%
0.0005951 ETH -0.11%
Good Luck
CryptoHellas Team
ENJIN- Breakout in the makingOur updated ENJIN chart with key technical analysis points.
Price has just exploded upwards, outside the wedge, so if you get on it mind the support level and do your math right.
PS. We had been posting about ENJIN in early stages, took profits perfectly and now it's time to start monitoring it daily again.
the FXPROFESSOR
ENJUSDTHello to you all. Mars Signals team wishes you high profits at all times.
Prices are fluctuating inside the triangle. We have to wait and wait for it to come out from every side. Then we enter into a deal
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!