Get started

Enjin Coin / TetherUS

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

ENJUSDT trade ideas

Enjin Coin (ENJ) Analysis & Long-Term Investment Outlook!Current Market Overview Current Price: ~$0.15 24H Range: $0.1389 - $0.1515 Volume: 16.37M All-Time High (ATH): $4.5 (achieved in 2021) Recent Trend: Bearish correction but approaching a key accumulation zone Technical Analysis 1. Discount Zone & Accumulation Opportunity The chart shows that ENJ is trading near its discount zone, an area where institutional and long-term investors look to accumulate before a potential reversal. This zone is typically considered undervalued, offering a strategic entry point. 2. Price Structure & Smart Money Concepts Break of Structure (BOS): Multiple BOS signals indicate a strong bearish trend, but price is nearing a potential support level. Change of Character (ChOCH): Some ChOCH signals suggest that the downtrend may be weakening, hinting at possible accumulation. Equilibrium & Premium Zones: The price is far below the equilibrium and premium zones, reinforcing that it is at a historical discount for accumulation. 3. Moving Averages & Watson Envelope The Watson Envelope (blue and red bands) suggests that price is near the lower bound, indicating a mean reversion could soon occur, leading to a potential bounce. Fundamental Analysis & Catalysts 1. Enjin’s Utility & Real-World Adoption Enjin Coin powers a blockchain gaming and NFT ecosystem, allowing developers to integrate digital assets into games, metaverse platforms, and virtual economies. Its real-world use case makes it attractive for long-term adoption. 2. Binance Supporting Network Upgrade (Positive News) Binance has backed an Enjin Coin network upgrade (September 2024), signaling continuous development and network improvements. This upgrade improves Enjin’s scalability, security, and NFT ecosystem, strengthening its long-term utility. Binance’s support ensures liquidity and investor confidence. 3. Coinbase Delisting (Negative Impact in 2024) In June 2024, Coinbase delisted ENJ, causing a short-term decline in liquidity and investor sentiment. However, delisting from a single exchange does not impact the coin’s fundamental value. Investment Potential & Price Prediction Short-Term: Possible consolidation in the $0.12 - $0.18 range before a breakout. Medium-Term (6-12 months): If accumulation holds, ENJ could target $0.30 - $0.50, testing previous resistance levels. Long-Term (2+ years): If Enjin’s adoption continues and the crypto market recovers, a return to $1 - $2 is feasible, with ATH of $4.5 as a long-term target. Investor Takeaway ✅ Bullish Factors ✔️ Trading at a discount near historical accumulation zones ✔️ Binance supporting network upgrade (strong ecosystem development) ✔️ Real-world use case in gaming & NFT sector ✔️ Market sentiment could shift as crypto recovers ❌ Bearish Risks ⚠️ Still in a downtrend, needs confirmation of trend reversal ⚠️ Coinbase delisting may impact liquidity & exposure Final Thoughts Enjin Coin is currently at a key accumulation level that offers an attractive opportunity for long-term investors. With strong fundamentals, upcoming network improvements, and historical price performance, ENJ has the potential to reclaim higher levels, possibly targeting $1+ in the next cycle. If you’re looking for a high-risk, high-reward opportunity, this could be a great entry point. However, investors should watch for trend confirmation before going all in. 🚀
Long
by PROFITPULSE10X
3
ENJ Breakdown! Will It Crash to New Lows? The price of ENJ has been in a consistent downtrend, as indicated by the descending trendline, with lower highs and lower lows forming. Several key support and resistance zones are marked on the chart. Currently, the price is retesting the purple resistance zone at $0.1584–$0.1512 after a breakdown from this level. If the price continues to decline, it could test the yellow support zone at $0.1372–$0.1294. A successful reclaim of the descending trendline and a move above the purple zone could signal a potential reversal.
Long
by TheCryptoCity
1
#ENJ (SPOT) entry ( 0.1500- 0.2150)T.(1.2000) SL(0.1476)BINANCE:ENJUSDT #ENJ / USDT Entry ( 0.1500- 0.2150) SL 1D close below 0.1476 T1 0.4300 T2 0.6600 T3 1.0000 T4 1.2000 ______________________________________________________________ Golden Advices. ******************** * collect the coin slowly in the entry range. * Please calculate your losses before the entry. * Do not enter any trade you find it not suitable for you. * No FOMO - No Rush , it is a long journey. Useful Tags. **************** My total posts www.tradingview.com 1Million Journey www.tradingview.com www.tradingview.com ********************************************************************************************** #Manta #OMNI #DYM #AI #IO #XAI #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #VOXEL #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH #AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT #IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 #BURGER #MOVR #SKL #BAND #ETHFI #SAND #IOTX #T #GTC #PDA #GMX #REZ #DUSK #BNX #SPELL #POWR #JOE #TIA #TFUEL #HOT #AVAX #WAXP #OGN #AXS #ENJ
Long
by Crypto_alphabit
ENJ cup and handle completedCup and Handle Pattern: The chart highlights a well-formed cup and handle: The cup phase is complete, with a rounded bottom structure that indicates accumulation. The handle phase is currently forming, showing a slight downward consolidation, typical of this bullish continuation pattern. Key Levels: Cup Rim Resistance: Around $0.34 - This is the breakout level for the pattern. Handle Support: Around $0.22 - This is the lower boundary of the handle. Key Support Levels: $0.22 (Handle Support). $0.1534 (Major Horizontal Support). Projected Target: Upon a breakout above $0.34, the target is calculated as the height of the cup ($0.34 - $0.1534 = $0.1866) added to the breakout point. This gives a target of approximately $0.5266. Indicators: MACD: Showing bearish momentum, but the histogram is flattening, suggesting a potential reversal soon. Volume Oscillator: Low volume during the handle phase, which aligns with the expected behavior of the pattern. MFI (Money Flow Index): At 18.99, MFI indicates an oversold condition, a bullish signal in the context of the handle. RSI: At 40.48, RSI is in a neutral zone, but it’s approaching levels that suggest potential upward movement.
Long
by Aroundthesun
2
TradeCityPro | ENJUSDT Analysis Christmas Holiday👋 Welcome to TradeCityPro Channel! Let’s analyze ENJ during the holiday season and identify triggers across different timeframes to make the most of market opportunities. Don't forget to check the Signature section at the end for updates! 😊 🌐 Overview Bitcoin Before diving into ENJ analysis, let’s look at Bitcoin. It broke the 95445 short-term support and is expected to move toward the 92722 support, where it might form a new structure. Key support levels for Bitcoin are 91K, 86K, and 81K, which hold significant importance. Additionally, Bitcoin dominance is also dropping, forming red candles during this decline. This means the market as a whole is correcting: Coins bullish against BTC are correcting less, Coins bearish against BTC are showing more red candles than Bitcoin itself. 📊 Weekly Timeframe ENJ hasn’t shown significant movement. After breaking its smaller box resistance, it entered the larger timeframe box, only to get rejected from the upper boundary and return to the entry point of its box. The 0.3743 resistance has become increasingly important. Once broken, it could signal a buy opportunity, preparing for a potential break of 0.6920. However, ensure the breakout is accompanied by increasing green candle volume and confirmation through RSI surpassing 83.90. If you are holding ENJ and looking to activate your stop loss to exit, it’s logical to sell after breaking 0.1256 and closing a weekly candle below it. Always take stop losses seriously and look for re-entry triggers later. 📈 Daily Timeframe After hitting the 0.3838 daily resistance, ENJ has formed lower highs and lows, returning to the 0.2116 support zone, which is crucial. This 0.2116 support holds significance due to Fibonacci alignment,Its position on the 50% level, indicating potential for a rebound if the trend weakens. Alternatively, breaking this support could lead to lower lows, bringing ENJ back into its weekly box. In this case, it might retest the 0.1854 and 0.1520 support levels. ⏱ 4-Hour Timeframe Market volume has significantly dropped, suggesting reduced trading activity during the holidays. This low 24-hour trading volume has led to irrational and unnecessary market fluctuations. 📈 Long Position Trigger After breaking 0.2483, a long position can be opened, but given the low market volume, trades should be executed with reduced risk. 📉 Short Position Trigger After breaking 0.2105, a short position can be considered. However, logical trading during these conditions involves small stop losses and focusing on risk-to-reward ratios while quickly taking profits. 💡 BTC Pair Insight Currently, ENJ isn’t performing well against Bitcoin. After showing some signs of life by testing the 0.000000374 resistance, it got rejected and returned to its support level. Keep in mind that breaking this resistance could finally bring ENJ some gains against Bitcoin, which would likely translate into USDT price increases during a bullish market. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
15
ENJ/USDT | Long-Term Technical Analysis on the Weekly TimeframeOverview: ENJ is currently trading within a well-defined descending channel (yellow trendlines), reflecting a long-term downtrend since its all-time high. This channel offers key insights into historical price action and potential future movements. After touching the bottom boundary multiple times, ENJ is showing signs of momentum for a potential breakout. Key Levels and Observations: 1. Descending Channel: • Price remains within the channel, bouncing between resistance (top) and support (bottom). • A breakout above the upper boundary would confirm a potential trend reversal. 2. Support and Resistance: • Support Levels: $0.22 (bottom of the channel) and $0.12 (critical historical low). • Resistance Levels: $0.34 (channel resistance) and $3.42 (major breakout target). 3. Volume Profile Analysis: • Significant volume buildup within the $0.22–$0.34 range suggests strong liquidity in this area, acting as a base for the next move. • A breakout could target higher-volume nodes at $1.30, $3.42, and beyond. 4. RSI Analysis: • RSI is recovering from oversold territory, currently sitting at 38.69, signaling growing bullish momentum but still with room for upside. 5. Projection: • A confirmed breakout above $0.34 targets $3.42, which aligns with historical resistance and key volume levels. • If momentum continues, higher targets could be achieved in the long term. Trade Setup (Potential Long Idea): • Entry: Consider entering after a confirmed breakout above $0.34 with strong volume. • Stop-Loss: Set below the recent swing low at $0.22 to limit downside risk. • Take-Profit Levels: • TP1: $1.30 (interim resistance). • TP2: $3.42 (major breakout target). • TP3: $4.79 (longer-term resistance). Risk Factors: • A failure to break the $0.34 resistance could lead to further consolidation within the channel. • Watch for rejection at key levels and decreasing volume during attempted breakouts. Conclusion: ENJ presents an exciting long-term opportunity with its structured channel and volume profile suggesting accumulation. A breakout above the key $0.34 resistance could trigger a significant trend reversal, offering targets up to $3.42 and beyond. Keep an eye on volume and RSI for confirmation of bullish momentum. What are your thoughts on this setup? Let’s discuss in the comments!
Long
by ImmortalEmerson
5
Ridiculous capitulation, nice 3 drives, hi vol and RSI OS alertRidiculous capitulation, nice 3 drives, hi vol and RSI OS alert nice 3 drives, hi vol and RSI OS alert, HiLoCh indicator on 30m TF 1. 3 drives down from the break 2. High vol and b Vol profile on the candle. 3. - had a double event, unusual but should have been safe if waited for the close above the main body of the profile. got the alerts, waited for the close above the profile, trade with good positon sizing and stop losses.
Long
by slimygreen