ENJ.USDT (Y21.P2.E1).Macro reversal.Re-accumulationHi Traders,
A few key bullish points >
a) Prior resistance level is now holding as support - purple band
b) 4 hrly 10/20 EMA supporting trend
c) clean trend from the previous bottom, 1/2 diamond formation
d) Fib level support.
e) Lots of media coverage
How to trade this.
Better to wait for the 2nd green candle for entry on the 4 hrly.
Just a cradle trade is worth going into. MACD convergent
All the best,
S.SAri
Macro view also a break from the channel with an upward trajectory
ENJUSDT
ENJ/USDT Prediction AnalysisGood Morning to all respected Investors and Traders,
I made a simple analysis for ENJ/USDT for today..
Nowadays, NFT Tokens are become happening..
So why don't we put our profit in those coins?
I reckon you guys to entry at my sign and take profit also at my "Potential Target 1 and 2"
BUY THE DIP !!
Happy trading y'all and good luck!!
Best,
DM
PS: This is not financial advisor. Please DYOR before entry the market.
ENJUSD short term will be down to at least $1.743xxFrom 4H chart show ENJUSD will likely downward to $1.743xx 1st target, IF price doesn't manage to sustainable and candlestick on 4H chart close below $1.743xx it will downward more to at least $1.559xx . and IF price cant sustainable and close below $1.559xx will likely down to $1.203xx . <<---- at this point whales will likely make this point as buy position.
Caution : This chart will be invalid IF candlestick is close above Downward Trendline.
ENJUSDT: Analysis An uptrend below 2.8
given the application SR, a probable long call with a potential of hitting target 2.35+
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ENJUSDT Flag PatternENJUSDT (4H CHART) Technical Analysis Update
ENJ/USDT currently trading at $2.27
Long Entry-level: $2.15 - $2.30
Stop loss: below $1.92
Target 1: $2.53
Target 2: $2.78
Target 3: $3.05
Target 4: $3.50
Max Leverage: 2x
ALWAYS KEEP STOP LOSS...
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ENJUSDT Prediction If you've followed me for some time, you know my method is a little different from others, I'm using mostly pitchfork and pitch-fan and comparing relative market to each other to reach conclusion, that does not mean I'm a better technical person, but I have different perspective of market.
ENJ/USDT towards a CUP pattern | Jump Net Launch. 1 DAY chart of ENJ/USDT is indicating to a cup pattern in upcoming days. ENJIN is launching JumpNet on April 6, JumpNet is a high-speed bridge network that will allow free, instant on-chain transactions of Enjin Coin and ERC-1155 tokens.
Before this event, we may see consolidation and strong support between $1.7 to $2.05. After the event, there are high possibility to see Volume increase in ENJ.
One more update is that after JumpNet, ENJ is going to launch Efinity. which is scheduled this year in 2021, Efinity is a decentralized blockchain for NFTs that will support next-generation token features and assets from any blockchain.
So, ENJ is worth investing for long term. My prediction for this coin by July end to cross value of $7.
ENJUSDT | Accumulation Before Price Growth?Hello, traders!
Let's consider ENJUSDT and ENJBTC price action analysis. The second one is very important too because we should know if the ENJ is going to outperform the Bitcoin or not.
ENJUSDT ANALYSIS
ENJ was in the strong uptrend and it is obvious that it needed the correction, but which level could be the bottom? We can see that the price now is forming the falling wedge. There was a clear rejection to break the upper band to the upside. Here are 2 possible scenarios now.
1.Green scenario. The price will drop to the support level ($2.15), form the double bottom and break the falling wedge to the upside.
2.Red scenario. The price will move inside the falling wedge till the it's end. In this case the S1 pivot level ($2.04) looks like the possible dip level.
It is also have the probability that the price will break the wedge to the upside right now, but this trade is risky, we should wait for the safe entries to protect the money.
ENJBTC ANALYSIS
For the ENJBTC analysis we can see the almost similar price action. The price was in the uptrend and supported by the trendline, broke it to the downside, tried to re-enter and got the rejection. Now it is forming the downward trend channel which can be also estimated as the bullish flag. Bullish flag have the high probability to be broken tho the upside, but at which level we can finally see the support for this correction?
1.Green Scenario. The price will bounce off the previous dip support level and continue to move in the upward direction.
2.Red Scenario. It is the larger correction case. The price will find support at the weekly S1 pivot level and continue to move in the upward direction.
SUMMARY
It is risky now to execute the long position for ENJUSDT. We think that to protect the money we shoul wait for the safe entry levels.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
ENJUSDT AnalysHello friends.
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Everything on the chart.
open pos: 2.2-2.15
target zone: first tartget 3.6,second 4.2
after first target reached move ur stop to breakeven
stop: ~1.95
risk/reward 1 to ~7
Good luck
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