ENJBTC D1: 30% gains possible / BUY/HOLD setup(SL/TP)(NEW) Why get subbed to to me on Tradingview?
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ENJBTC D1: 30% gains possible / BUY/HOLD setup(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ENJBTC daily chart review/outlook
::: price contained within BEAR channel
::: however short-term gains likely
::: nice base near lows currently
::: 30% upside BUY/HOLD setup
::: expecting relief rally soon
::: re-test of 2000 sats mirror S/R
::: BUY LOW / BUY at market
::: and get paid
::: good luck traders!
::: and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: RANGE/MIXED
::: Sentiment outlook short-term: BOUNCE/BULLS
ENJBTC trade ideas
ENJBTC nice bounce on weekly trendline and breakout daily 🦐ENJBTC nice bounce on weekly trendline (red one) and breakout daily structure (blue one)
Now the price can continues to grow, or bounce on 0.618, previous resistance.
A or B?
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
ENJ/BTC: Higher Lows, Looking for Further Momentum 2D (Aug. 13)X Force Global Analysis:
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In this analysis, we look at Enjin Coin's (ENJ) 2 day chart, identifying key trend lines and areas of support.
Analysis
- ENJ has been creating higher lows and higher highs, until recently it has had a corrective trend
- Prices bounced on historical support, marked by the blue area
- It is currently trading below the 0.382 Fibonacci resistance, and has tested the 0.618 resistance with a wick
- However, as the overall trend is bullish, we could expect further bullish price movement from ENJ
What We Believe
Given that Bitcoin ranges sideways for a while, Bitcoin dominance will drop accordingly, providing opportunities for a bullish altcoin market. The overall cryptocurrency market is bullish, just as ENJ's overall trend.
Let us know what you think in the comment section below
Trade Safe.
Enjin Coin ENJ/ BTC - Swing Trade / long-term investmentOscillators indicate buying signals for ENJ on the ENJBTC chart on the 1D and 3D TF.
It seems like Enjin Coin has completed an ABC correction and that it has found support on the 200 SMA from where it has already bounced.
Currently there is sufficient bullish momentum for a 16-23% pump (entry between 0.00001625-0.00001642) before a further correction to the downside (which is indicated on higher TFs).
Swing Trade ENJ-BTC (R:R=1.3):
entry#1: 0.00001625-0.00001642;
TP1@0.00001898;
TP2@0.00001998, with 3% TTP
SL@0.00001348 (SL timeout = 19000s)
NO stop loss recommended for this crypto for fundamental reasons / long-term hodlers
(in case price falls considerable lower, add more ENJ to your portfolio -> accumulate it and hodl/stake it for long-term)
I´m not a financial adviser. For educational purpose only!