ENJ/BTC Bullish Idea (20%-50% UP)HI
looking and this chart we can see that ENJ/BTC is in a very important area.
0.00003 area has been an hard resistance going up even in the early 2018 and now it is going to be a really good support.
We have 0.61 and 0.78 fibonacci retrace and we are at the end of a falling wedge.
ENJBTC trade ideas
$ENJ Recalculating... Potential Falling wedge in play $ENJ Recalculating... Potential Falling wedge in play after the drop from BTC pump
Sitting at .618 Fib level & Support at ~3ksats (R/S Flip)
Volume slightly growing
MACD bullish divergence on the 1D & RSI div on the 4h
UCTS showing a buy on the 4h
#ENJ
ENJ/BTC - Enjin // OutlookHello traders, today we take a look at ENJ/BTC // EnjinCoin
We currently have laid out our Monthly Range.
- Price is currently attempting to break back above our Monthly S/R level.
- I am expecting a bull trap down towards the 0.5 of our entire range.
- Confluence via this 0.5 will be our Daily Demand pivot for ENJBTC.
Buys will be of high interest within this area for Enjin Coin. I am looking for long term buys @ 2145 towards our highs once again.
Enjoy traders!
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ENJ - Free Trade SignalENJ/BTC
Strategy: Highly oversold. Large probability of an upside break - bull flag formation.
Wait for the dip to fill buy orders. Place stop loss after orders are filled. Set alerts at take profit points.
Be careful where you set your purchase order. There is a 7% spread in the buying range.
Buy Around - 3046 - 3283
T1 - 3717 (17.5%)
T2 - 4171 (32%)
T3 - 4604 (45.5%)
Stop-Loss - 2929 (7%)
Risk / Reward
T1 - 1 / 2.3
T2 - 1 / 4.3
T3 - 1 / 6
P/L Opportunity
Upside: 17.5% - 45.5%
Downside 7%
possibility of bullish movement (posibilidad de Mov. alcista)(bullish divergence)
if we draw a retracement of fibonacci from the beginning of the last upward movement, this tells us that we are at the 0.618 level of retreat (61.8%) which is at the most provable level for a recoil and rebound, based on this we give ourselves Note that after that movement there was a drop to that level, or .618, in the price list.
Now we are again at that level and this will be put to test, we notice a micro bearish trend line in this last movement and that several times the price has failed to overcome, blocking fibonacci since the beginning of the bearish movement that has occurred, we can establish a conservative objective in the fibonacci levels of the bearish movement in which we have: 38.20%, 50.0% and 61.80%, in these levels dibido to which are the levels in which the price may fall back especially in the 61.80% level , if the price manages to surpass this level this would mean a change in the bearish movement and start a new upward movement where we could reach levels 78.6%, 88.6%, 100% and 129% if we have enough volume.
if in any case the price falls below the 61.80% level of fibonacci of the previous bullish movement this could mean a change of the main bullish movement that we have to a correction and start of a bearish movement.
(si trazamos un retroceso de fibonacci desde el inicio del ultimo movimiento alcista, esto nos da a conocer que nos encontramos en el nivel de retroceso 0.618 (61.8%) que es en nivel mas provable a para un retroceso y revotar, partiendo de esto nos damos cuenta que luego de ese movimiento se dio una bajada hasta dicho nivel o.618 en el cuel el precio revoto.
Ahora nuevamente nos encontramos en dicho nivel y este sera puesto a prueva, notamos una linea de micro tendencia bajista en este ultimo movimiento y que en varias oportunidades el precio no ha logrado superar, trabando fibonacci desde el inicio del movimiento bajista que se ha dado, podemos establecer objetivo conservadores en los niveles de fibonacci del movimiento bajista en los cuales tenemos: 38.20%, 50.0% y 61.80%, en estos niveles dibido a que son los niveles en el cual el precio puede llegar a retroceder especialmente en el nivel 61.80%, si el precio logra superar este nivel esto significaria un cambio en el movimiento bajista y comensar un nuevo movimiento alcista donde podriamos esterar a llegar los niveles 78.6%, 88.6%, 100% y129% esto si si se tiene volumen suficiente.
si en todo caso el precio baja del nivel 61.80% de fibonacci del movimiento alcista anterior esto podria significar un cambio del movimiento alcista principal que tenemos a una coreccion e inicio de un movimiento bajista).
ENJBTC : More Than 100% GrowthWe can see 5 elliot waves (purple) that we are at the 4th of them. Because zenith of 1st wave is 3040 (showed with blue line) price can't reach this number and so we are at the end of 4th wave. We can see more details for confirmation. 3rd wave is include of 5 waves and after that ABC pattern for 4th wave is obvious. For 5th wave we have some targets that are visible in the chart.
ENJBTC All it needs is some fuel.As security is one of the hallmarks of Crypto I am watching a number security coins and one of them is Enjin
Last week it looked the Enjin wouldn't start but this week it is looking like it only needs some fuel to run away.
Watch for volume to increase along with the 9d ma moving into position. Watch the RSI number it may move quickly once it leaves the 30 level behaind.
ENJBTCENJBTC
Entonnoir : W/D/H4 (swing)
Réclamé par un lecteur.
Le biais est bullish avec le prix qui vient de sortir de sa compression weekly (blanc) et qui à l'air d'entamer une correction weekly avec cette sortie de compression daily (jaune) par le bas.
Je ne vois pas d'opportunité de trade car le sens de la tendance daily est opposé au biais. Je ne prendrais pas position sur cette paire avant une cassure franche du dernier sommet weekly (entouré blanc) vers les ~6400.
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Funnel : W/D/H4 (swing)
Requested by a reader.
The bias is bullish with the price that has just broke out of its weekly compression (white) and seems to initiate a weekly correction for now with this breakout of the daily compression (yellow) by the bottom.
I see no trading opportunity here as the daily trend is against the bias and I wouldn't go long until the price breaks the last weekly top at ~6400 (white circle).
#Enjin $ENJ entering accumulation zone 3350-3750, 10800 by JuneI believe there will be plenty of time to accumulate ENJ in the 3350 to 3750 range.
There are few real-world applications for cryptocurrency and blockchain outside of Bitcoin that will have any value, Enjincoin is well targeted at one of those applications. Digital collectibles within the gaming industry is already a multibillion-dollar industry with exponential growth. A system which provides liquidity cross-platform and between games will become a multi-billion dollar protocol. This is likely the only thing that ETH will provide real utility for is in the support of such tokens that can be linked to digital collectibles.
Following consolidation which could go on for weeks, I expect ENJBTC to see a steady rise followed by another huge FOMO driven pump to 10800 Sat.
The partnership between Samsung and Enjin Coin was confirmed at the Samsung summit in Barcelona. The partnership produced the gaming wallet on the Samsung S10 mobile phone.
Great opportunities in blockchain tech and digital scarcity include:
Ravencoin (RVN)
Enjin Coin ( ENJ )
Basic Attention Token (BAT)
Binance Coin (BNB)
Bancor ( BNT )
Bitcoin ( BTC )
And to a lesser extent Etherium (ETH) because it will likely be a platform to secure digital collectible protocols like ENJ and utility tokens. Though I believe it is likely already valued appropriately where it now stands.
Clear chance to make 15% inshaAllah Dear followers sorry for the gap.
I was bit busy.
No I came back with a bang. Enj is making another bullish move. It’s been side ways fin day chart for quite few days and now ready to give some profits.
Buy under 40 sats
Sell at 15% profit of ur buying.
Can take upto few days.
Good luck.
Salem