ENJBTC trade ideas
Enjin breaks channel with 30% profit -now consolidationHello dear crypto friends!
Enjin perfectly respected the 4H downtrend channel that we talked about last weekend in the video, and saw an awesome break above Lower Highs at .43 psychological: up to the wick highs it made more than 30%.
Since then we are in a more descending EQ pattern with the wicks at .5 marking the top, and the bottom currently at .45: A break to the downside could lead to the previous bottom with 10% profit potential, a break above .5 could lead at least to the wick highs at .56 with more than 10% profit potential.
On the Daily , we almost perfectly reached the previous high at .56, and can see the 4H EQ perfectly translating into 2 Daily inside bars. If we keep the current HL at .4 intact, we could further tighten inside this range, leading to a EQ on the Daily itself.
Good luck!
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ENJIN Samsung Wallet + Galaxy Store, Unity, NRG Sports, EfinityENJIN Partnerships w/ Samsung Wallet + Galaxy Store/Universe, Unity, NRG Sports, Efinity
Everyone has now heard about the Samsung partnership. For the newcomers, there is much MUCH more going on to be excited about. Enjin is a 10 year old company with a great reputation and existing community in the gaming space. They set out to build a platform that will power the future of gaming and are in the process of following through on their vision. Over the past year, the (large) team has been working like crazy and has accomplished some amazing things.
Check out the links below. DO YOU NEED MORE REASONS TO HODL?!?
Samsung Galaxy Store / Game Universe
Unity Partnership
Wallet: Samsung, In Wallet Trades, Gift Cards, etc
Samsung s10 Cryptocurrency Wallet Keystore Integrated with Enjin! - Live example showing wallet & trading.
NRG Esports begins partnership with Enjin Coin - will create a custom token with its own branding on it, and will then distribute it to fans of the organization in an attempt to spread awareness and to reward engagement. These tokens will be used for entering raffles and winning prizes, whether it’s visiting an event, receiving gaming hardware, or receiving professional training.
NRG already counts EventsDC, Republic of Gamers, Logitech, Twitch, and Amazon Coins among its partners. Competing in titles such as Fortnite, Counter-Strike: Global Offensive, Overwatch, Rocket League, Hearthstone, For Honor, Vainglory, and Smite, NRG is one of the biggest organizations in esports
Efinity Partnership - scaling, item transfer.
Enjin Blockchain Explorer
Enjin Wallet
World of Warcraft partnership
14000 Sat target for Enjin $ENJBTC during 2019 $ENJ 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 2 months or more, I expect ENJBTC to see a steady rise followed by another huge FOMO driven pump to 14000 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.
ENJBTC updateWe have a very great result from previous analysis *click here to see previous analysis
Right now enjin almost reach fibonacci support at 4000.
This is important level for enjin.
If 4000 able to hold bearish, we have target at double top and at fibonacci projection.
note : If support trendline (blue) break down, price will back at 2nd support at 2528
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ENJ FomoLooking at Enj on the 1d chart
Hit profit objective between the 1.618 and 200% profit taking zone
Looking to throw bid in the buy zone between the 618 and 786
Big notch in VPVR that needs filling
Price hitting VPVR single ticks
Volume has made a higher high which could mean a higher continuation, but for me its way to risky to even link of a long trade here.
Still no structure in histogram (Would like to see some bearish divergence to confirm a top)
Willy is still not stupidly oversold
Money absolutely pouring into this asset as shown in OBV
Ill be cooling my jets till this comes back into my buy zone. If you fomo buy this you are looking for trouble.
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Enjin Scalping Movementsworking on 1h Timeframe.
Enjin is a strong coin. it gone high those days and still in a correction but still can make money on a strong coin.
keep in mind that this coin is under correction so it can break down at anytimes.
here u can see how to trade fluctuations between EMAs.
Buy Around 4000ish 200 EMA Support.
Sell Around 4600-4700 EMA50-100 Acting as resistances.
STOP LOSS under 3700 if you see a real and fast breakdown.
And as Always look at BTC Movements as it can influent everything.
Stay Safe.
Happy Tr4Ding !