$ENJ TO THE MOONI looked at this yesterday and it had already started bouncing off the shown resistance. I thought it would retrace to the support line then break up (invalidating the H&S). $ENJ didn't care at all and broke up a little bit after falling through the resistance. Could be setting a new channel here using that support. It will take some time for it to determine its true path but its looking positive right now
ENJBTC trade ideas
ENJ IDEAThere was a breakout as you can see on pink triangle , but it retested this channels' upper bound 2 times. If it goes for 3rd retest i will buy some ENJ there ( Around thick pink line ) . The second buy area is thick black line which is a larger descending triangles' lower bound. I will update it later. Just watching for buying opportunities for now.
$ENJ Decision TimeImportant point for $ENJ I think. Has a H&S forming after it hit a long term resistance. The shoulder completes right at the support level for this channel. If it bounces up at that point I think she juices past the resistance and keeps the upward trend. If it breaks through then we're going to have a dump down to the Ichi. I don't follow the fundamentals of this coin at all but chart wise I've seen worse.
ENJBTC30 min - BINANCE
RESISTANCE LINES:
Black - 1 day resistance
Orange - 4 Hour resistance
Red - 30 min resistance
SUPPORT LINES:
Blue - 4 Hour support
Green - 30 min
DIRENC CIZGILERI:
Siyah - 1 günlük direnc
Turuncu - 4 saatlik direnc
Kirmizi - 30 dakikalik direnc
DESTEK CIZGILERI:
Mavi - 4 saatlik destek
Yesil - 30 dakikalik destek
Start your ENJIN$$$!!! VROOOM VROOOMENJBTC As you can see here on the Daily Chart, I've circled the increase in Volume and we've broken up out of the wedge. I'm expecting a decent run, but as always stay patient and keep the stop losses tight. Also, I'm bullish on ENJBTC long term as they have great partnerships, plus gaming and crypto just seem to belong together!
ENJ - Enjin coin - Breakout seems inevitable !!!I think ENJ is ready to make some moves and I am going to show you why.
Huge correction and downtrend since Jan. 12th
Sideways accumulation period for a month now.
Finally just pierced the 3 month descending triangle.
Let's look at the indicators close up:
RSI oversold a month ago, nonstop rise since, now at even distribution
MACD has been underwater since the 1st week of Feb.
Steady increasing momentum since, about to come back up for some fresh air.
My ENJ trading plan:
ENJ on Binance
Buy up to 1500
Target 1: 1725
Target 2: 1950
Stop Loss 1275
Rating 3 stars out of 5
Volume 760 btc
ENJ is waiting for a breakout!ENJ is also one of the promising coins in the market. This is only short term as we expect a little correction of Bitcoin and all altcoins with low volume can dump very easily. This trade can make you easily 20 and more percent !
Trade instruction:
BUY:
1420 - 1450
SELL:
1. 1560
2. 1630
Set SL around 10 % from buying price.