ENJBTC is testing the daily resistanceENJBTC is testing the daily resistance inside a pennant. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
ENJBTC trade ideas
ENJ/BTC Long Metaverse NFT Gaming trendAs you can see it the chart, ENJ has a long side way of accumulation zone with btc pair. Last peak of ENJ/BTC is at Mar2019 and try to break resistance again at Apr2021 but both are fail.
Now, We have a first green weekly candle that can stand above resistance (5200 satoshi). (First time)!!!
Metaverse, Gamefi and NFT is a mega trend now and enjin team always focus to integrate all of them.Therefore, It is very interesting to watch out ENJ very very closely.
My theory of enjin movement is
1. Test resistance again by touching around 5200 satoshi and bounce to ATH ( Most likely)
2. Break second resistance (7000 satoshi) weekly green candle has to stand above second resistance(7000 satoshi).
3. Fail break out and back to accumulate zone again. If weekly candle is under 5000 satoshi, I may decide to cut loss.
Hope to get 3-5x like mana and sand did.
ENJBTC Resistance Turned SupportI have found two examples on the chart using Gann that portray a prior resistance turned support
This is a common price action feature
Also as price has consolidated above (8/1) I see a bigger Moonshot coming
As shown by the bars pattern and the rough sketch of how the indicator may evolve
ENJ/BTC TRADE SETUP. 50% RALLY EXPECTED.ENJ is an amazing project and always holds great potential. I expect a 50% rally from here. You can hold this coin on spot as well as margin.
Entry: 2946 to 3088 sats.
Stop Loss: 2691 sats
Targets:
3472 sats
3975 sats
4318 sats
4766 sats
If you are holding this on spot then accumulate every dip but slowly and if you are using margin then use SL.
Note: This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
Enjin Parobola is a Screaming Buy at 1837 SatsEnjin Coin is in a parabola. Typical cyclical corrections will average around 30%. From the recent high above 2500 Sats, the current price of 1837 represents a massive BUY opportunity into this parabola. I expect somewhere around 4000 sats to be the next resistance
ENJ/BTC { ENJIN COIN } - BULLISH SETUPANALYSIS 🔎
- ENJ/BTC is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.00003655)
- Limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
Enjin btc, the end of a long consolidation phase Seems, under the 12H TF, that enjin coin is finally arriving at wave 4 consolidation phase, after a contracting triangle. Looking at the wave 3 and the long wave 4 consolidation phase, maybe we can talk about and extended wave 5 phase, so maybe it would be worth to put a long and take profits.
Pay Attention in Enjin Coin; invest in this NFTI decide to invest in Enjin Coin and hold for Bitcoin ratio. My next target will be 0.00007 satoshi.
If you invest 1,000 ENJ and hope your profit of 0.0007 ENJ. Your huge earn in Bitcoin will be 0.07 BTC. And you can to use it to invest in another cryptocurrencies like Cardano, XRP or your favorite altcoin.
I invest in Enjin Coin until I decide when to sell!!!Enjin Coin it's exploding!!! This cryptocurrency it's early up than another cryptocurrency. I sold 6 ETH and I get 9,877 ENJIN COIN (coins) to hold and invest. I see that this cryptocurrency it's continue up againt the Bitcoin ratio. For that, this it's a way to accumulate Bitcoin more fast, but I didn't analyze with Ethereum ratio. but I believe that this it's the same perspective in what we see in Ethereum ratio.
But I'm 100% sure that Enjin Coin it's earning value
For that, I invest in this NFT.
Now, I have 3 targets:
1. 0.00007 BTC
2. 0.0001 BTC
3. 0.00016 BTC
The most target it's the 0.00007 BTC to get more Bitcoin power or included 0.0001 BTC to get more Bitcoin power, until I decide to sell when Bitcoin take action. For that guys, it's very important to find up the smart money. This educational content will help you and know how to invest in cryptocurrency like a pro or professional. And I will use this way to accumulate my favorite cryptocurrency Cardano, and also XRP as my plan B in this case.