ENJ CAN BLAST SOON #ENJ Trade Line Breakout Going On & #ENJ Have 50 EMA Strong Support So #Enj Can Blast Any Time
ENJBTC trade ideas
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!
enj long position SR flip enjin coinEnj to Btc going long with a SR flip in place. as long as bitcoin behaves.
The bottom inLooks like ENJBTC may have put in a bottom at the 200 Daily MA. RSI looks great. The lines on the chart are a possible down trend. The upper line being where i'd be most concerned to see a rejection. ENJ could still be in an uptrend though I try and watch for bear and bull case always.
ENJBTC, Possible price action!ENJ has a decent growth which could be marked as wave A/1, followed by correction as wave B/2 .
Lower TF for better entry both ways.
#ENJBTC following the long term exponential curve#ENJBTC Buy the dip opportunity: fractally repeating the previous structure and following the long term exponential curve, if it doesn't break under 1900 satoshis. Breaking under 1800 sat would mark a long term reversal, quite unlikely at this point I would say
#ENJBTC Bounce or die, (another) buy the dip opportunityLast (strong) support reached for $ENJBTC, touching the 3 months descending support/resistance line, the 6 months major upper trend support line (broken once during one week in March), and the 100 days Moving Average.
We are quite far down from the fractal pattern shared previously, and I moved the exponential rising line accordingly. I am still expecting the trend to resolve on the upper side. RSI is also touching an 11 months raising base line....
We shouldn't close below 1800 satoshis... After 3 days below that level on the daily, that would confirm a reversal, quite unlikely in my opinion.
ENJ BTCENJ BTC - bullish AF! lookin good. unless we break to downside from a large BTC move, but i bet it would fakeout and pop back into the bullish trend. lets go!
An interesting pair ENJINENJ/BTC and ENJ/ETH
Both forming H&S patterns
Could a hidden truth be possibly found within these pairs structure, regarding ethereums decoupling from bitcoin?
Comment below if you spot anything or if im just an ETH fanboy
A chart for the USD pair
I recently added more of this coin!
ENJBTC Ready to take to 3500Broke through diagonal resistance (red line, previously support) and is now retesting. If we hold above this line, a pump to 3500 is imminent. HODL mode.
ENJIN Head and Shoulders FormingHead and shoulders formation
It could go parabolic and break the formation
Here is where i first identified the H&S
