ENJIN breaks key resistance. Parabolic moveENJIN clears 0.21 cents and this major resistance zone, this is a VERY GOOD sign. As long as it stays over on the weekly, this looks primed to make a parabolic move. The chart looks very similar to LINK and LEND. Simply put I’m expecting ATHs for ENJ and a major move up over the coming weeks / months. Patience
ENJUSD trade ideas
Ready to break outThe price of ENJ has mostly been going sideways since may. RSI and Stoch RSI might be signaling reversal. If price can stay above purple line it's possible that will act as a higher low.
Substantial retracement here definitely ideal to stay above 0.236 Fib level.
The last rally saw 400% gains
ENJIN Long IdeaA few rising wedges have formed, along with a falling wedge that led to a large break to the upside of the major rising wedge
looking for a breakdown of this current price structure into a H&S pattern to the bottom of the wedge, this is the best opportunity for long.
Its also a good opportunity to go long at the middle of the wedge trend, i have listed this point.
Forming a H&S on the BTC pair so it seems appropriate to form a H&S pattern on the USD pair
I am long this project
Enjin Coin (ENJ) - July 19Hello?
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It can be said to be in an important position by rising above 0.20006360 points.
If supported at 0.20006360, it is expected to rise above 0.25246048.
If you fall from 0.20006360, you need to make sure you can get support at 0.17244671.
You have to watch the movement during the period from July 20-July 30.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ENJ/USD- Retesting Break - Potential Entry IdeaENJ broke briefly from trend and is now retesting original break price.
I'd like to see a candle close above resistance before taking a position here and will be running a reasonably tight SL.
Target will be 20% from break if confirmed.
Alternate entry at the lower end of the channel or lower support line.
As always not financial advice, just thoughts and TA.
Bingaz
Enjin Coin (ENJ) - June 2Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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Points to be supported : 0.20006360 points
It is expected that those who had previously bought in the 0.13625483 to 0.20006360 segment will now begin to realize revenue.
Accordingly, we believe that careful trading is necessary.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ENJ ready for second wave upENJ looking ready to pop along with a lot of other ALTS for its second wave up.
Entry: break of ST downtrend and retest
Opposing view: Weary of what bitcoin is doing as well as the SPY ( strong correlation between the two), if we see a big down movement could see ENJ and other ALTs follow suit.
ENJ/USD- Incoming Pump?I've been a fan of Enjin for a while. Solid project with excellent real use case.
News doesn't seem to affect price the way it once did but with the recent announcement of popular video game Minecraft integrating Enjin Blockchain utility for their users we may see some gains here.
The exposure alone to a wide variety of new users may see this project move forward at an exponential rate.
Not at my ideal buy-in price but I'll be watching closely.
As always, not financial advice, just my TA and thoughts.
Any feedback welcomed.
Bingaz.