Update on ENJ - Still not time to long yetENJ is a rather obedient coin. Since Jan’2021, it has done the following within the same channel
Reach new all time high (ATH)
Retrace
Consolidate sideways
Repeat
The current retracement is par for the course for ENJ's price action since Jan'2021. I maintain my position that ENJ will touch the lower end of the channel around mid-May, and then bounce off to touch a new ATH.
In other words, ENJ's dip or sideway movement might continue in the short term till 2H-May'21. Long accordingly.
(I'm personally anticipating a short-term recovery from now till mid-May, and then another dip.)
ENJUSDT
ENJ USDT - HARMONIC PATTERN - GARTLEY (Revised - %48 P.Margin)Bearish Gartley pattern is seen in ENJ USDT.
Formation targets are indicated by Green lines.
For Point C, the Formation is valid unless the candle closes below R.S.2 (886) (Return Support Level ) in red.
It has around %48 profit potential (for T.P.1)
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Please do not make decisions just by reference to this analysis. We have friends who use many other technical analysis formations. I share these analyzes to contribute to the awareness of sworn translators and individual investors in alternative education style. It reflects my personal opinion.
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Not Investment Advice.
ENJUSDT Waiting for the breakoutENJUSDT (4H Chart) Technical Analysis Update
Waiting for the Resistance zone breakout
ENJ/USDT currently trading at $2.81
Buy-level: Above 2.90$ (only buy if 4h candle closes above 2.90$)
Stop loss: $2.47
Target 1: $3.15
Target 2: $3.27
Target 3: $3.55
Target 4: $3.85
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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ENJ to continue uptrend +20%The Enjin Coin has already recovered some of the losses from the recent correction and the general altcoin setup looks favourable.
We’ve asked Hybrid Intelligence the following question:
“The cryptocurrency Enjin Coin (ENJ/USDT) settled at 2.68660 USDT at 10:18 AM UTC at the binance exchange on Friday, April 30. In your opinion, will ENJ/USDT trade above 3.22392 USDT (+20.0%) at any time before May 15?”
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Assurance: 81%
This is a very bullish sign — Hybrid Intelligence expects the uptrend to continue.
The price target is below the recent all-time high of $4. So the outcome doesn’t depend on breaking through untested resistance levels.
ENJ/USDT is ready to do a strong bullish movementHi every one
ENJIN COIN / TETHERUS
ENJ/USDT is trying to form a broadening wedge it can increase to the top line of the broadening wedge. There is also a hidden bullish divergence on both MACD and RSI indicators which means the bullish movement is more likely to happen.
Our more recent analysis of ENJ/USDT :
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
ENJUSDT | 17% growth after the rejectionhey everyone, from the chart pattern we can expect it to bounce back from the support level and move toward its resistance level.
after that, there would be 2 possible scenarios
1- BINANCE:ENJUSDT will break its support and will move higher...
2- It will be rejected by the resistance.
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ENJUSDT Breakout Confirmed!ENJUSDT (4H CHART) Technical Analysis Update
Trendline Breakout
ENJ/USDT currently trading at $2.50
Buy-level: $2.40 - $2.50
Stop loss: Below $2.15
Target 1: $2.75
Target 2: $3.00
Target 3: $3.25
Target 4: $3.50
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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