ENJBTC trade ideas
Buy ENJBTC - Breaking falling wedge on the dailyBullish OBV, about to pass 21 MA and MACD about to bullish cross. Also, Initializing a III of a 3 in the weekly, or a 5 and final impulsive. Target at 9000sats. Against USD on the weekly it looks like a flag and a possible V of a 3,targets at USD 0,5 / 0,85.
BINANCE:ENJBTC
ENJ/BTC near possible Support zones: Enjin Coin retrace watchEnjin is approaching some important Fib confluence zones.
The retrace looks be slowing but should go a little deeper.
Lets see if one of the zones holds, or if this new coin is ded.
This is a follow up to my last analysis warning of a possible top
Bullish Divergence formed for ENJENJ Is seeing a nice bullish divergence forming on the RSI for the 4hr candle. Next target levels can clearly be seen on the fib retrace. ENJ is demonstrating that the bears are losing power, and that bulls are ready to control the market again this bullish divergence is a mark the end of a downtrend. Buckle up ENJ is ready for lift off.
EnjBtc Time to BuyHello guys after calling the top trading range of ENJ, i think we are nearing the end of correction and with an immediate effect of long view.
Suggesting a move with possible Gartely harmonic pattern formation. Looking at the oscillating indicator they are nearing oversold range.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
SELL TARGETS
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ENJIN 1DAY MethodENJ Still making is correction. remember that coin pushed very high and fast. so you should take care about Take % Gains and Stop Loss % in that kind of trades.
always keep in mind that cryptos trading should be a fast invest and fast % gains.
Actually it was supported by his old ATH in March around 2800ish.
if it break down it should be supported by EMA100 at 2500ish and rebounce.
and if we break down orange line it will come back to 2000Sats. (EMA200)
we are turning bullish in cryptos market mode so i really doubt it comes back to 2000 but be carefull.
so now :
Rsi Oversold almost touched down.
Macd will cross bullish mode.
Stochastic flatening is way.
looks like ENJ will soon be ready for his next little rally.
Anyway at any levels you buy ENJ 2500 or 2800ish,
A good safe sell price should be 3490 Sats. ( always sell before a round number... don't sell 3500..)
So like always, i recommend to buy in multiple times and don't invest all ur juice in 1 time.
Check also BTC movements as king.
Happy Tr4Ding!
Potential Gartley pattern ?? or 5th EW wave ??ENJ has retraced back to the 0.618 and had a nice bounce
Confirmed reverse?? I don't know yet.
In the coming days we will know what this is but I would like to bring up a potential EW still ??
Because the 4th wave overlapped with the 1st wave this sort of falls away.
However, because of BTC's recent pump that could disrupt the clarity of the graph and count I wouldn't totally disregard a potential EW
I heed caution with the EW, however if good news comes ( regarding samsung, binance chain and any good NDA's in the pipeline) we could see a new ATH
Trade carefully here.
Still some good profit to be made
ENJ UNKNOWN DESTINY!!As we can see at previous support at 0.00003921 the trend cross it and reach previous resistance and make it support so we are in very important level of support at current price 0.00002763 we will see if it crossed or make a reverse to the 0.00003921 resistance (was support) or down to 0.00002763 to reach it as a support (was resistance)!.
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