ENJ/BTC Analysis - Still A 30% Move in PlayHey traders, Enjin coin built on the Ethereum network as an ERC-20 token has reacted very well to positive news about the partnership with Microsoft.
This caused the price to move up 40% in a day, but that move isn't over yet, there's a huge resistance level at around 1718 sats. If you're entered in this coin, that would be the price to exit at and wait for a re-entry.
The news really didn't spike the price movement up though, Enjin just broke out of accumulation and is looking for the next untested level which is around 1700 sats.
We're having a little trouble right now trying to break this resistance, but Enjin after a few days of accumulation will break right through testing 1718 like we just talked about.
If you want to trade this token, check it out on Binance. Link down below to sign-up
As always please do your own research, I am not a financial advisor.
ENJBTC trade ideas
ENJBTC ENJIN REVVED UP & READY TO PUMP!! C&H + VOL SHORTENJBTC looking bullish on a short (which you can expect to see from my handle -- for those that need clarification; I primarily focus on short-midterm technical analysis as to project a LONG on any pairing, let alone BTCUSD, is like throwing darts at a board & hoping you hit the right mark) the simple fact of the matter is -- the market is simply too volatile as we shift back & forth in this never-ending tug-of-war with suppression from whales preventing us from breaching that golden resistance threshold: 13.6K..but I digress.
In the meantime, there are PLENTY of opportunities to accumulate more BTC and if you truly believe that BTC will eventually retrace to its ATH & beyond then the name of the game should be stacking sats amirite?
So bear in mind when I post publications that I do so without regard of losing $fiat & IDGAF if i lose $10,000 if I gain 1.0 BTC in the process; so in that sense -- I'm in it for the long haul..and you should be to, cause if you aren't: why are you here? Would you buy a product/service that you had no knowledge of? Would you invest in something you didn't believe would net a decent ROI?
Obviously not...with the exception of the "getrichquick LAMBO moon kiddies" those of us who survived #cryptowinter 2018 know that this is how the game is played.
Booms & Busts & its essentially no different than NYSE except the booms / busts are much more consequential && much more rapid.
With that being said: some alts I picked out this morning include $MATIC $ENJ $BNB $TROY though I would tread lightly & use fibo figures while ALWAYS SETTING YOUR STOP-LOSS, I CANNOT STRESS THIS ENOUGH -- SO MANY TRADERS GET GREEDY AND SET THEIR SELL-LIMIT WITH A 15% (some as high as 40%) MARKUP AND THEN WAKE UP THE NEXT MORNING BEING DOWN -20% THINKING TO THEMSELVES "FUCK...DO I BAG HODL? OR TAKE THE L?"
Avoid that situation by getting a simple iWatch, FitBit or whatever smartwatch device that can have you set alerts on your portfolios so that the AI is triggered ALWAYS & ONLY for stop-losses & your TP (you'll find that I often post multiple targets, though I should note that I always aim for TP1 -- anything else is for the high risk, high reward bullish/aggressive traders out there) and with that being said, here are the figures for this publication -- bolstered by the volume accumulation & cup and handle formation:
PIVOT: 1282s
TP1: 1320s
TP2 (BULLISH): 1430s
THE MOST IMPORTANT FIGURE:
STOP: 989s
Disclaimer
Not financial advise -- just one wizard's opinion. Also, I did upgrade to PRO+ so I will be taking advantage of the bonus features & that means MANY MANY more publications -- so stay tuned as I expand my network & grow my handles, a rising tide lifts all boats & that's how I feel about SM tbh. It's a means to an end. It sucks having to do something you hate (twitter) to accomplish something you love (expanding network/growing analyst profile) but once again...I digress. Just take every trader's opinion with a grain of salt. This publication is posted a la EMA8,12 with 20 MACD.
Have a wonderful day.
-@a1mTarabichi
$ENJ MACD cross. Close above 1050 would be extremely bullish!Zoom out a bit... A weekly close above 1050-1100 would be a great signal. Currently getting rejected right around 55EMA; A close above the 55 EMA and the sky is the limit. Weekly MACD also looks muy bueno. Microsoft news is also guaranteed to attract fresh volume.
ENJ. Channel trading 45%. Pivot points. Potential 45-600%ENJ Mechanics of win-win work on coins for pumping. The accumulation channel is 45%. The potential at the exit from the accumulation channel is up to + 600%!
The coin, due to its over greed and aggressive manner of squeezing money out of the crowd by the market maker, goes hundreds of percent from the accumulation zone. Now the coin is in the accumulation phase.
All pivot points on which this or that movement depends and the trend is shown on the chart. It is also worth noting that there is no clear number of waves that should be in the accumulation channel. The main thing is complete control and understanding of the work on the coin. Entry / exit to the market depending on the reaction of support / resistance levels.
If you do not control the price, but adapt, there are two options for entry:
1) Entrance at the bottom of the channel with confirmation of support. The potential profit in the channel + 45%.
2) Entrance during the breakthrough of the channel. The first target + 90%. Then, how does the price react to the level of resistance and whether the fixation wakes above it. If the price continues to rise, then sales should be made at key resistance levels. Potential from +90 -600%.
It is worth noting that in such coins there is often no rollback after a breakout, you yourself can see it on the chart, that's why I wrote - the entrance is at the breakthrough of the resistance of the accumulation channel. But you need to understand that a false breakthrough can occur. But observing the exchange book of orders and the buy / sell ribbon gives a clearer picture or a breakthrough, real or potentially false. This is just an experience.
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In the history of the coin, I showed the cyclical repetition of the sequence of phases of the instrument.
It can be divided into several phases:
1) Set of coin position.
2) Raising the price and selling at affordable prices.
3) Lower prices for a new set of positions.
The entire chart of the coin and its cycles in this trading idea.
ENJBTC...is the bottom in?First things first, I would like to start by saying that I am a chartist and like any profession it takes time and commitment to learn. I did mentioned that I wanted nothing with ALTS but when I see a chart pattern I can not ignore it. That being said lets get to this quick analysts on ENJBTC.
ENJBTC constructed a five month ascending triangle and it broke out0.000000905 on 12/4/2019. A pattern is not completed until close of day 12pm UTC but I still bought that break out. First target is 0.00001075.
Remember...always use money management and set your stops buy a position you will not lose your shirt if it moves against you.
As always have a safe trading and study ,study ,study .
Enjin Coin Going For A Higher High | Next Move MappedEnjin Coin (ENJBTC) is now moving to print a higher high, this would establish a new uptrend and open the doors for additional growth for this cryptocurrency market altcoin pair.
Let's take a look at the signals.
We can clearly see a break of EMA100 (blue line) on this timeframe (Daily). Once the daily candle closes, this signal is confirmed.
The RSI is super strong at 72.78, the highest it has been since March 2019.
The MACD is now on the bullish zone, additional growth can follow.
We see prices increasing and resistance levels being broken on low volume, a signal that sellers are nowhere to be found.
Enjin Coin is likely to produce more gains.
Previous analysis:
Namaste.
#ENJBTC (Long Term) 11/19#ENJBTC (Long Term) Risky entry and late but ENJ looks looking for more growth if we got daily close above 1100 st
Buy : 0.00000953 - 0.00000882 - 0.00000816
Target 1: 0.00001001
Target 2: 0.00001096
Target 3: 0.00001287
Target 4: 0.00001620
Target 5: 0.00002383
Stoploss: 0.00000795
Invest: 3%
Risk/Reward: 10% / 150%
last watchlist
we ask Allah reconcile and repay
ENJ/BTC (Up to 70% Profit)ENJ/BTC
ENJ has now broken the previous High and new Higher Low is built.
I am looking for a retest of previous resistance to turning into new support.
ENJ is ready to break bullish with this Ascending reversal pattern.
The daily trend is now starting to change direction from downtrend to uptrend market structure.
Entry Targets:
0.00000820 - 0.00000880
Take-Profit Targets:
1) 0.00000950 - 12.5%
2) 0.00000990 - 12.5%
3) 0.00001150 - 12.5%
4) 0.00001190 - 12.5%
5) 0.00001250 - 12.5%
6) 0.00001290 - 12.5%
7) 0.00001350 - 12.5%
8) 0.00001450 - 12.5%
Stop Targets:
1) 0.00000710 - 100.0%
Enj Accumulation? When to buyEnj has a good Accumulation in the last weeks and it is in a good price zone.
The next few days the movings average(MA100,200 EMA100,200) will cross and this is positiv signal to buy too.
Buy between 700-740.
Targets are in the chart. first target :1060 , you can sell whereever you want. Good luck
If we need to update, I will do here.
How is pumping coins done. Example of working on an ENJ +90-600%ENJ Mechanics of win-win work on coins for pumping. The accumulation channel is 45%. The potential at the exit from the accumulation channel is up to + 600%!
The coin, due to its over greed and aggressive manner of squeezing money out of the crowd by the market maker, goes hundreds of percent from the accumulation zone. Now the coin is in the accumulation phase.
Trading in a horizontal channel in increments of 45%.
All pivot points on which this or that movement depends and the trend is shown on the chart . It is also worth noting that there is no clear number of waves that should be in the accumulation channel. The main thing is complete control and understanding of the work on the coin. Entry / exit to the market depending on the reaction of support / resistance levels.
If you do not control the price, but adapt, there are two options for entry:
1) Entrance at the bottom of the channel with confirmation of support. The potential profit in the channel + 45 %.
2) Entrance during the breakthrough of the channel. The first target + 90%. Then, how does the price react to the level of resistance and whether the fixation wakes above it. If the price continues to rise, then sales should be made at key resistance levels. Potential from +90 -600%.
It is worth noting that in such coins there is often no rollback after a breakout, you yourself can see it on the chart, that's why I wrote - the entrance is at the breakthrough of the resistance of the accumulation channel. But you need to understand that a false breakthrough can occur. But observing the exchange book of orders and the buy / sell ribbon gives a clearer picture or a breakthrough, real or potentially false. This is just an experience.
____________________________________________
In the history of the coin, I showed the cyclica l repetition of the sequence of phases of the instrument.
It can be divided into several phases:
1) Set of coin position.
2) Raising the price and selling at affordable prices.
3) Lower prices for a new set of positions.
How to manage the price of the coin and the entire sequence of work in these 3 phases, I described in great detail in the Russian version of this trading idea. Google translator to help you!
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Be not theoreticians, but practitioners. Only the weight of your deposit matters, not the memorized information about trading from many books.
ENJ/BTCPretty good history of honoring channels for ENJ.. I like the similarity in this current parallel channel compared to the previous. My buy zone is naturally close to the bottom here. Targets close to top. You could add a T1 before backtest of the 55MA if you wanted b/c i believe there will be a retest but this is how i plan on playing this coin.
