ENJBTC trade ideas
ENJ/BTC AnalysisENJ is in accumulation area, but over the recent month it is extremely over bought. A break down of this accumulation area can quickly humble holders as the next support is 2500 Sats area. However a breakout of this accumulation area can test the top of the current triangle near the 4700 sat range. Currently ENJ is floating above 4000 sats.
ENJIN now ? 4H Timeframe1D Chart show clearly that Enjin is making his correction, but i see more clearly on 4H Time.
it passed under EMA100 and now this EMA Acts as a resistance.
Anyway i like this coin because of the project reality and partnerships, so a mistake shouldn't be a big problem for a long invest.
but it's always better to buy cheaper and at the good time!
i would not touch it now at 4200 before seeing clear bounce confirmation showing us that it stays in his triangle.
4000ish zone, it bounced multiple times so it can be a first small buy.
3500ish have big support on EMA200 could be a second strong buy.
Stay Safe as BTC is weak right now.
Happy Tr4Ding!
Hidden Bullish Divergence RSIHidden Bullish Divergence on RSI also a good buy waiting for rebound, if price goes under the resistance, time to sell it.
ENJ/BTC SOT Chart off - March Week 4 I think ENJ will take a run up as it has just broken over a 4 hour downtrend and gone into accumulation. I expect it might take a run up to break over the daily wedge.
Entry - 4230
1st Target - 4679
2nd Target - 4767
3rd Target - 4760
4th Target - 4950
Stop Loss - 4050
** Legend**
Monthly - Grey
Weekly - Yellow
Daily - Red
4 Hour - Green
1 Hour - Blue
ENJIN trade ideaIm looking to load up a truck of ENJIN on between the buy zone mentioned. I will wait the price breakdown the ema200 that is looking like is about to happen.
I will Buy and hold aiming targets above 1200sat for short-mid term, and above 2k sat for long term.
ENJ ready to pump again?ENJ seems to pump every 8 to 9 days. So, based on my "Analysis", we should be seeing a pump either tomorrow or the next day. I'm anticipating a slight drop before the pump. Let's see!
ENJ Getting to that point again...Keep an eye on volume, this could continue to slip if we don't see the next leg up very soon.
ENJ/BTCENJ Seems to be holding on the middle Bollinger band and 50MA, not only that it's formed a nice hammer on the daily. Enter a position and will watch the price action.
Enjin/btc BINANCEBig triangle daily uptrand and 4 H uptrend RSI 50 live price 4599 can be a good opportunity on the break out !! ( GDC done this week ) gaming comunity in california ( sorry my english im french canadian have a good trade all and ENJOY
Looks like ENJ will move up againNot financial advice but more of a vision for the future. I think ENJ is not over and will continue to move up to even maybe top 30 rank.
Ask yourself these questions:
-What kind of token will be available and used by people that is tangible, feasible, easy?
-What kind of project can be soon utilized by blockchain with a user base that is primed and ready?
-What kind of utility can be easily realized by a huge industry that is needing support for it's user base that currently provides little to no incentive?
If entertainment and security are front runners for technology than I believe we have a high vector to see the potentials.
What is ENJ not?
-A project that is part of the 99% of projects out there that have grandiose visions that will take years to implement
-A project that is aiming for an industry that will take years for the masses to find comfort in using
-A project that does not have to use a blockchain to make things much easier for moving assets from platform to platform because a mediary is optimal
The shining star that will surprise, delight, and unveil: Could be
Enjin is preparing for the 3rd wave... ENJBTCHi.
Enjin is approaching to a strong trendline. A huge growth is expected as what is shown on the chart.
ENJ/BTC "Do-or-Die" moment: Enjin about to break out or crash ?Enjin has been strong since the Samsung phone news.
It has been spiking off and on but sellers lurk at peaks.
Now beating against a proven Fib cluster of resistance.
Of course one does NOT need Fibs to SEE the reistance.
But what makes it crucial is REASON for that resistance.
With several fibs lined up so tight it was inevitable.
Break through the overhead cluster should trigger stops.
If enough stops are just above, then a cascade is possible.
If there is a short squeeze, then bulls should jump on board.
ENJ/BTC 4H Last leg upEnjin coin finished the 4H correction , looking to make the last leg before we get a correction of this whole move up.
Interesting fractal to note here recurring before enjin takes off
