ENJBTC trade ideas
ENJ long itA few things stick out to me with this long. Enj broke out of the ascending triangle and then successfully tested it as support. The MACD histogram is swinging to the positive side and macd will be crossing to the positive side. The RSI is holding above 40 which is bullish. If this is wave 5, since wave 3 exended to about the 1.618 FIB, then wave 5 should go to about the 2.168. Which also correlates with the .618 to .65 FIB. Also, I think the ichimuku cloud will push it up as well.
Looking at the ribbon, it also is showing great support with the ascending triangle support.
TP 1: 988
TP 2: 1220
TP 3: 1382-1425
SL: 720
Enjin - Rocky Mountain HighGood morning! Charts are looking good for Enjin. It's bags are packed and it's ready to go rocky mountain high. Enjin however has a very difficult ascent from the get go. It's got to get through this heavy resistance area (noted in the red band) in order to climb quickly. This will require a volume push. Hoping with this bit of volume we can gain enough momentum to run up towards that heavy resistance level it ran into during the last major spike. Pack your bags and enjoy the ride!
Again the top of that red band could push the price back down. Could sell Short Term Target @ 850 and catch the retrace. If it breaks through you can always buy on the other side.
Time Frame: Short/Mid Term
T1: 895
T2: 975
T3: 1070
T4: 1150
Current Price: 810
Stop Loss: 745
May your stacks see blue skies and brighter days!
Cheers!
CK
Caution: Always watch BTC movements as it can invalidate alt trades with the snap of a finger. Always remember to use a stop loss to protect you from this situation. Rather than setting sell orders you can use such applications as Trading View or Tab Trader to set alarms that the price action is approaching targets.
Disclaimer: Trade at your own risk. This is not financial advice but rather for educational purposes and technical analysis .
ENJBTC LONGENJBTC is situating into a falling wedge and has support at 0.718 fib
If they make a Breakout from here the sell targets will be : 785, 840, 895
Otherwise it down to 660-670, which is support and target for the descending triangle (use stop loss in 718 and a buy order at buy soport)
Whether go or not to buy support, Sell target remain unchanged.
ENJ Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
Looks Good? Leave a like, share and tell me in comments if my trading advices are working for you.
Thanks for visiting.
Ripe for a big move!EnjinCoin (ENTBTC) looks ripe for another nice move upwards.
Price already jumped a staggering 82% on 28 Sept and has been gracefully retracing back to support ever since and is now resting just above the Fib 50% level, which is also a previous support/resistance level AND is just above the daily 20 EMA. That's some pretty good support. Price is narrowing in on the triangle and we're likely to see a breakout of the triangle fairly soon.
Reasons for taking this Trade
Retest of support/resistance level
Daily 20 EMA support
Fib 50% level
Stoch RSI close to switching upwards
Low volatility above should make target easy to reach with good risk to reward
Trade Management
Exchange: Binance
Entry : 780 - 825 sats
SL: 710
TP: 1283
Good luck and trade safe!