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Enjin Coin / Bitcoin

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ENJBTC trade ideas

ENJ/BTC has bottomed? or one more dip? Enjin Coin bottom watch 2Update to my previous analysis of a bigger picture bottom . This plot includes fine tuned zones with relative importance. Trends in this universe can change quickly or slowly or never. 1705-1719 may have been Bottom, but I am not convinced (Yet). 1430-1446 would be Ideal if it is hit and reflects precisely (Ping). 1278-1325 is Bulls Last Stand, next support is much lower (Doom). 2425-2440 is first strong Resistance in a focused but dense zone. 2530-2601 should be a bloody battle zone with many casualties. 2792-2805 is Bears Last Stand, or even the blind will see uptrend. See some of my other Charts and Trade calls below . I also plot Forex and some Stocks, check my profile page . BTC bottom (got the EXACT bottom) ETH breakout (easy 30% gain) MATIC rocket ( WOW ) CELR bottom (in progress) ZRX breakou t (perfect pop) XLM breakou t (perfect timing) ADA breakout (easy 45% gains) IOTA Top (perfect timing) DASH top (perfect timing) ONT top (early warning) Of course, I have had total FAILS on some plots also, not going to pretend. But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
by EuroMotif
5
ENJ giveth and then taketh awayENJ had a stellar run recently. Between Feb 24, and March 9, it went more than 500%. Now it's looking like it will give it all back. There could be a good opportunity here to score a 10-20%+ retracement. First line of support (minor): 1750 sat Second line of support (major): 1000 sat Scenario 1: If it finds support at 0.786, look for a possible breakout from the triangle, and a rebound to the 0.618 fib zone. This would be a 40% retracement, so look to take profits on anything past 10% swing. It could also go sideways a bit, in which case we'll need to extend the triangle out and follow. Scenario 2: If it falls through the 0.786 retracement fib, it enters a liquidation zone, where it's likely to fall steeply. Notice how fast it shot up through this same area. In this case, it would likely hit bottom at 1.00 fib zone. It was at the 1000 sat level for quite some time before the recent pump, so I expect this to be a very strong level of support. If it drops this far, same pattern should apply. A descending triangle with potential breakout towards the upside as sell pressure eases. Caveats: Keep in mind levels of support and resistance, including fibs are zones, not exact levels. Be sure to also consider the areas slightly above and below each support and resistance level to create a zone. As with all crypto currencies, keep an eye on the kink BTC. Market most often moves in relationship to what it's doing.
Long
by CryptoKujira
3
ENJ/BTC might have bottomed? Enjin, rare Alt to keep up with BTCAs we know, BTC has been sucking al of the oxygen out of the entire atmosphere. Most Alts have broken "unbreakable" supports and made lower (and ATL) lows. Enjin however has been actually gaining against BTC for a couple of days now. The 3.326 can end a moderately powerful wave. The 4.236 does end many waves or makes a bounce. The 4.618 can be hit as a capitulation wick before turn. The bounce from 3.236 to 2.764 while BTC is rocketting: pretty impressive. Needs to break above 2.618 to confirm end of wave and start of recovery. Until the 2.618 is bested, the 4.236's Siren Song still rings in Enjin's ears. Of course this is NOT the place to buy. Or maybe this is not the COIN to buy? But worth watching the moves closely.
by EuroMotif