ENJBTC trade ideas
ENJBTC | Parabolic Curve | Trade Setup ENJ BTC
Points to consider:
- Respecting the very bullish parabolic formation
- Testing structural support
- RSI above 50
- Below average volume
- Price respecting and trading above 21 EMA
ENJBTC retracing to test structural support after an impulse move to the upside
Currently respecting the parabolic curve and trading 21 EMA both serving as very bullish indicators
RSI also above 50 and forming a symmetrical triangle, a break to the upside will support the bullish bias
Below average volume is an indication of an influx being imminent, this will also coincide with the possible breakout
Next target will be the .5 Fibonacci retracement in confluence with structural resistance
ENJ / BTC Moving On A Parabolic CurveENJIN (ENJ) is moving on a parabolic curve which oftenly moves in parabolic price action and immediately sells off at the end of the curve. You can Google the term "parabolic curve" and see the symbolic chart which represents the typical price action.
Watch out the "buy the breakout" level and as soon as it breaks above, enter the trade and put your stop loss just below that level and let it ride.
Good luck!
Uptrend channel in ENJ/BTCHello Traders,
ENJ/BTC is inside an uptrend channel after breaking out.
On the daily charts, we can see a weakness to continue the uptrend movement, that is why we believe the price will test the support of this uptrend channel.
But we are seeing this asset on bullish momentum so expect the price continues the uptrending in the short term.
Best regards, Sandro and Gustavo.
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ENJBTC retests previous resistanceENJBTC retests previous resistance, and now the price looks strong. According to Plancton's strategy we can set a nice long.
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Enjin Trying to Mine those Diamond Blocks 💠 | ENJIN ($ENJ)⛏️ It was only a matter of time before someone mashed up the block-based Minecraft with the block-based Blockchain. Well folks, the wait is over, Enjin has finally done it with their EnjinCraft plugin for Minecraft. This release shows Enjin is hard at work and that at least some of the past ENJ FOMO was warranted. That plus some mega bullish action since the COVID bottom has us looking for some levels for the bulls who want to mine those rare blocks.
Support ENJUSDT(Left):
First up we have the S1 S/R flip and orderblock cluster that includes a previous high. This is the first logical spot to look for a pullback. We have a similar formation at the S2 orderblock, although this level traces back to the pre-COVID crash range high as well. Lastly, the S3 S/R and orderblock cluster has acted as a major price pivot point and should provide support if it is tested. That said, all of these levels are logical and are likely to see a reaction of some kind if we see any kind of a pullback on the USD pair.
Support ENJBTC (Right):
The ENJBTC chart is very similar in terms of levels. First up we have the S1 S/R flip and orderblock cluster that includes the previous range swing high. This is the first logical spot to look for a pullback and has already seen a retest. We have a similar formation at the S2 orderblock cluster and S3 S/R and orderblock cluster. Again, like with the USDT chart, any of these levels are likely to see a reaction to price if and when we have a retest of them.
Resistance:
Although there is some valid resistance on the chart, the BTC and USDT pairs have both been so bullish we aren't concerned with resistance levels yet. With that said, we are happy to map out resistance levels if the chart gets enough attention. So if you are interested, let us know.
Overlook and Summary:
Getting a chance to buy any of these levels is likely going to be a bit like mining some of those rare diamond blocks in Minecraft, worth the time it takes to get to them. With that in mind, trends can always change, so if the trend does manage to give us too much downside volatility too quickly we won't hesitate to Alt+F4 this outlook.
Resource: cryptoticker.io
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#11 - ENJ/BTCTrade opened today @ 0.00001788.
5 previous closed cryptotrades :
#2 : BCH/USD : 1st half position : + 97.85 %.
2nd half position : + 47.18 %.
#7 : THETA/BTC : Stopped : - 10.88 %.
#8 : REQ/BTC : Stopped : - 14.86 %.
#10 : MATIC/BTC : Stopped : - 5.78 %.
#9 : ZEN/BTC : 1st half position return : + 11.52 %.
2nd half position return : + 1.21 %.
Potentially 140%+ trade set upA quick update analysis on the Enjin here, a nicely potential pattern has formed up for this coins. For short term, I'll expect some retracement potentially to .5 fibonacci retracement which is the confluence area for potential support where the handle pattern looks like to ends up. The next set up for a trade is when we see any break out or rejection at those white region to claim potential 144% moves to the upside. Wait patiently for the buy zone.
Enjin Coin Hits New High, Bull Run PotentialEnjin Coin (ENJBTC) just hit a new peak today which went higher than the last peak in April and also above the May 2019 high... This is good news.
Now that ENJBTC is trading above all major resistance levels, the path to the upside is completely clean.
On the above chart setup, we can experience a strong impulse move next (green arrow).
We can also have the classic Cup & Handle pattern form if the red arrow is followed.
Note: If prices drop and close below MA200 (0.00001223), the above signals become invalid and a new analysis is needed.
Namaste.