Enjin - Big Things to ComeEnjin has had a phenomenal run over the past few days due to some major events for the project. Fundamentally speaking, ENJ still has a lot to deliver in the near future and could leave room for another pump. First of all, what started the initial take off, we have the Samsung partnership with the new S10 hardware wallet utilizing ENJ's network. This can be huge when the phone comes out, especially with ENJ's focus on mobile application development. This can hit the mobile market in the near future with Samsung's newest phone. The phone has the ability to operate with unity games, which brings up another event. Additionally on March 14, in 10 days, which is the release of the Blockchain SDK on Unity's store (twitter.com). Hundreds, if not thousands, of game developers have been awaiting this release in order to easily integrate ENJ into their games. This can bring a very easy adoption of cryptocurrency to your average smart phone user. Aside from the events coming up, there is a clear bull pennant on ENJ/BTC (as well as the other pairings). Based on this formation, I will be setting the following:
Entry 1: 2,100 sats
Entry 2: 2,040 sats
Stop Loss: 1,970 sats
I'm not setting specific targets, I will take profit when I see some decent gains.
ENJBTC trade ideas
Triangle formation in ENJ after huge pumpits out of space in the triangle and the chikou span is about to hit the price line indicating a change in the down trend, the RSI is still high with little divergence. it seams to me its about to break and I will set 2 Take Profit points (the green boxes) and the SL point right below the EMA50 line
ENJ:BTC Decision TimeDescending triangle bouncing on support of 50% fibs
If Breakdown there is possible support at the 61.8% but more likely a dead cat bounce between 1770 and 61.8 fibs.
However, Consolidation at the hypotonus of the Descending Triangle could indicate a break-up which if fulfilled could see 2700 area.
Enjin is soooo HOT right now, DON"T FOMOBINANCE:ENJBTC should take a breather after a move like that...WOW! This is why we trade crypto, but if you missed that blastoff DO NOT FOMO
Let the price come back to your buy orders. Not all orders need to be filled to make successful trades. Patience is so important. Here's four entries I'm looking at for a bounce play...
2091 sats
1824 sats
1555 sats
1359 sats
Will update as this develops, let me know your thoughts and share your ideas!
70% 1D candle on Enjin. WUTCouldn't tweet before about $ENJ but in the last 15 days it performed really good, with todays candle over 70% movement (WUT ).
The UCTS buy signal active since Feb11 when the price broke above the descending channel
Expect a pullback to retest ~1220 support #ENJ Lock profits!
ENJ/BTC harmonic possiblyENJ has kind of just overshot the first retracement for this Gartley to play out but crypto being crypto often over shoots fib targets with there low supply and market caps.
Gonna keep an eye on this thing and see if we trend down the D leg for an entry around 660 or so.
Shooting for the 38-50% retracment off the D leg for 20-25% if targets hit ill be moving stop loss up and letting it go to see if the 618 will get a touch.
Its a lucky dip but will keep an eye on it
Enjin Coin Trade Signal (ENJBTC)(38% PP)I have only one trade for Enjin Coin (ENJBTC) on Trading View; we hit all of our targets. You can see it here:
Today, I am looking at Enjin Coin again, which is available to trade on Binance, and the signals are looking pretty good.
Let's take a quick look for learning and entertainment:
We have a classic retrace where price found support at 0.786 Fib. retracement. MA200, black line, also working as strong support. As soon as these levels were reached, ENJBTC bounced up with strength.
Above average volume on the break of all Moving Average lines / resistance levels (last candle to the right).
The RSI is bullish.
The MACD is showing a bullish crossover as well as hidden bullish divergence.
All these signals are telling me that ENJBTC is about to make a move up. And for this reason, we decide to trade...
Enjin Coin (ENJBTC) Trade Instructions
BUY: Up to 0.00000910
TARGETS:
(1) 0.00001000
(2) 0.00001100
(3) 0.00001260
STOP: Close daily below 0.00000720.
If you have any questions, feel free to use the comments section below.
Remember to hit LIKE to show your support.
Feel free to message me anytime.
Namaste.