ENJ/BTC possibly forming next LEG UPENJ/BTC after strong fundament formed pattern bullish pennant , which is known for a bullish breakout out of it. I really like how the consolidation confirming BK231 as a support at 1D candles and the volume is moving down to the apex . RSI is ready for a bigger move and MACD + Histo showing first buys at 4H . First 2 sell levels looking very possible if bullish scenerio will happen , but most likely will be selling ENJ between 1700sat and 1900sat . Turn on allerts on the trendline and long it if you see confirmation on a smaller Time Frames or gaining strong volume . Don't FOMO , buy before it :)
ENJBTC trade ideas
LONG - ENJ - Trading OpportunitySupport holding after the recent pump and looking like it will be retesting previous highs.
Entry: 0.00001097
Target 1: 0.00001221
Target 2: 0.00001336
Target 3: 0.00001451
SL: 0.00001034
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New trading idea ENJBTCENJBTC is in a triangle for 11 days and it appears that the journey is ending today in a positive way if it can close a candle above that triagles upper bound ( 1174 sat)
first target is 0.618 fib level 1214 sats
second target is 1.0 fib level 1460-70 sats
third one is 1.618 fib level 1881 sats
In my previous analysis about ENJ i spotted a nearly perfect chart pattern but FUDs about MATIC caused a trading anomaly that effected all raising coins.
And i said that it will take a while to recover the losses. I believe that this recovery near.
Thank you all for stopping by and reading my ideas. DYOR always. This is just an idea NOT an advise.
ENJ Symmetrical Triangle Soon the outcome of the situation. PumpAfter the pulse, a symmetrical triangle formed above the accumulation channel. The figure of uncertainty. But it is important that at the moment the price over the accumulation channel and the volatility is clamped into the corner of the triangle. Soon there will be a denouement of the situation.
TARGET:
1) The first goal in the event of a breakthrough of the triangle up to a local maximum of + 25%.
2) The second goal and the full development of the figure + 50%.
3) Further on the situation, as a breakdown of resistance will take place and consolidation above it.
If this happens, then a full-fledged pump starts at hundreds of percent.
I showed all the TARGET in this trading idea:
EDUCATION
How is pumping coins done. Example of working on an ENJ +90-600%
Entrance is only on a breakthrough or rollback after a breakthrough . It depends on your trading strategy and manner of work.
Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
If the triangle breakthrough is confirmed and the pump starts, work on a similar principle as I described in the training idea using the MATIC coin as an example and used it to shoot a video on my youtube channel. I will not repeat.
The educational idea of working on such coins using the MATIC coin as an example:
EDUCATION
Pyramiding online on a coin for pumping. Matic. Smart trading.
ENJIN BULLSH ON FIRE! 4 HOUREnjin,
Look bullish on the four! One of the strongst of the altcoins even after a big BTC red dinosaur bite!
* MACD understoot the uptrend.
* RSI also fine bullish uptrend
* Bullish golden cross still in play
* Good big green Rihno barrs last days!
Lets see what happen....
ENJI / BTC 4 HOURMS ENJIN, YOU LOOK HOT!
* Break another triangle
* MACD healthy up
* RSI Has also enough potentional
* Testing the upper resistance around 1245 / 1250 of the decending triangle on the bigger frames
* More volume is coming, could see a realy big break.
* If the Rihno's are realy angry we could see a spike like 4 December.
Let's see......
1 More Leg Up...So we have potentially completed a wave 4 down here as you can see we pinged the .382~ retrace, more downside could occur but I would not expect much more than 50% retrace and if it goes past the .618 I would be getting worried, In terms of confirmation of wave 4 we pretty much have it as it's perfect alternation to wave 2 as wave 2 was slow and deep and this is fast/shallow (characteristic of wave 4). In Terms of wave 5 targets I will assess as this starts going back up but as we have seen with Matic lately things can really get out of hand.
Tldr:
Expecting 1 more leg up
Wave 4 completing/completed (buying)
Wave 5 Most likely in progress