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Enjin Coin / TetherUS

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ENJUSDT trade ideas

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
Enjin Coin +1400% ProfitInflation Analysis: Since nearly all tokens are already in circulation, the project has very low inflation, minimizing the risk of devaluation due to additional supply. Price Prediction for the 2025 Bull Run: Enjin Coin, as one of the leading projects in NFTs and blockchain gaming, has strong potential. With the growth of the metaverse and gaming-related projects, Enjin could secure a significant market share. In an optimistic scenario, ENJ's price could reach $3–$5.5 during the 2025 bull run. 🔗 Note: ENJ is a compelling option for investors interested in the NFT and metaverse ecosystems. 💎
Long
by aminsmithfx
A Golden Opportunity: Bullish Analysis of Enjin Coin (ENJ)🔥 Enjin Coin (ENJ) Analysis 🔥 Enjin Coin had a massive rally from March 2020 to November 2021, reaching its all-time high at $4.8. After that, it entered a correction phase and found its bottom at $0.12 in July 2024, marking the end of its decline. Now, ENJ has started moving upward again and appears to be in Wave 1 of a potential 5-wave bullish structure. 🔑 Key Resistances to Watch: 1️⃣ Dynamic trendline resistance: Breaking this will be the first confirmation of a bullish move. 2️⃣ Static resistance at $0.42: A breakout above this level could provide a safer entry. 🎯 Targets: Target 1: $2 (~350% profit) Target 2: $12 (~1700% profit) 📌 Summary: If ENJ successfully breaks through these key levels, a massive bullish rally may be ahead. Keep an eye on these resistances to seize this exciting opportunity! 🚀
Long
by arzdigitalistha
2
ENJ/USDT- BUY SETUPBINANCE:ENJUSDT scalping signal ✔︎ENTRY : 0.3172 🏓TARGETS : ✔︎T1 : 0.3468 ✘STOP : 0.3027 💡Reason for this trade: This trade gives my trading system a sign of strength: • My trading system is based on liquidity and reversal zones. • When the liquidity is swept from one side under certain conditions, we will wait for the price on the other side. The liquidity will attract the price like a magnet. • the first side that has been swept: 1- range low 2- failure swing point • Opposite side targets: 1- range high 💡Entry setup 1- reclaim range low ⚠️WARNING: • I'm not a financial advisor. • Do your own research (DYOR).
Long
by HB_Trading1
#ENJ (SPOT) entry range( 0.1390- 0.1690) T.(0.3380) SL(0.1272)BINANCE:ENJUSDT entry range ( 0.1390- 0.1690) Target1 (0.2599) - Target2 (0.3380) 1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. SL .1D close below (0.1272) *** collect the coin slowly in the entry range *** *** No FOMO - No Rush , it is a long journey *** **** #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 #CLV #RIF ENJ ****
Long
by Crypto_alphabit
2
Technical Analysis for $ENJ/USDT Technical Analysis for $ENJ/USDT #ENJ The chart highlights a breakout from a long-term descending channel, signaling the potential start of a bullish trend. The "LONGE HERE" zone at $0.2482 represents a strong support level and an ideal re-entry point for long positions. $0.2482 - $0.2500: Key support area, marking the breakout zone and a strong foundation for further bullish continuation. Resistance Levels (Targets): T1: $0.6021 T2: $0.7136 T3: $0.8283
Long
by VIPROSE
Alikze »» ENJ | Descending channel - 4H🔍 Technical analysis: Wave 3 or C bullish scenario - 4H - In the 4-hour time frame, according to the previous analysis , after the support in the range of 0.1465, it faced demand, which was able to grow to the middle of the channel. - It faced selling pressure in the middle of the channel, which led to a zigzag correction to the 0.122 range. - It is currently moving in a descending channel, which is at the ceiling of the channel and there is also a supply zone. - Therefore, in case of selling pressure, it can face support in the specified limits or green box and lead to a price growth up to the specified supply area. 💎 In addition, it should be noted that if the green box is broken, the bullish scenario is validated and can have another corrective leg. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ENJUSDT
Long
by alikze
4
Enjin Coin (ENJUSDT) Ready 4 Long-Term GrowthThe same level that launched the 2021 major bull-run for ENJUSDT (Enjin Coin) is now being activated, exactly four years later. Good morning my fellow Cryptocurrency holder, the future is bright for me and you. Here we have Enjin Coin and this one is also trading at "bottom prices." Not a true bottom, but the lowest this pair has seen in four years. Let me show you something, on the chart we have targets reaching 800% and even 1500% potential, but this is actually quite conservative. ENJUSDT is trading at a long-term higher low and higher lows lead to higher highs. A higher high for this pair means a new All-Time High in 2025. Taking the current price as an entry point, a new ATH can reach 12.68 and thus give us a potential of 75.5X. Rather than 1,500% we are looking at 7,450%, quite the difference. But we are not greedy and we like to keep it within the chart. That's why I recommend buy and hold. Since the market tends to surprise and go beyond expectations, it is better to wait and see how things will develop because nobody can guess how high up prices can actually go. It can be 800%, 1500%, 5,000% or more. Patience is key. This is only the start. We have a long way to go. 👉 By the way, between March 2020 and November 2021 ENJUSDT grew more than 14,950%. That's around 150X. Thank you for reading. Namaste.
Long
by AlanSantana
1
Enjin Coin | Bullish Lower Low? (300%+ Fast BU-Pot.)If you check the Venus (XVSBTC) trade-idea, you can see the same pattern, the "bullish lower low." This happens because the market tends to seek balance; a very strong correction can lead to a very strong bullish wave. A lower low means that the previous bullish wave was corrected beyond 100%, therefore, "strong correction." After all the selling is over, we can expect huge growth. Now, we don't know how long the bullish wave will go for, but this we know; this is only the beginning. Prepare for strong GREEN/bullish action in the coming weeks and days. You can find some targets on the chart. Your continued support is truly appreciated. This is great "entry timing." Enjoy the ride. Secure profits on the way up. Do not be greedy. Get in and get out. Thank you for reading. Namaste.
Long
by AlanSantana
1
ENJ trade setupWeekly: long term analysis After more than 95% deep correction during the bear market, BINANCE:ENJUSDT is confirming a reversal attempt on a weekly time frame. Volumes are increasing and hinting a reversal completion. Short term analysis The breakout of the resistance line happened at the beginning of March. Then we witnessed a nice pullback which confirmed the resistance is now acting as a support line. This offers us a good risk/reward setup to enter. Strategy Buy signal has been given from the bounce at the resistance line, entry is taken at this level around the 0.535$ mark Objective 1: Next resistance line (with Risk/Reward >2) at 0.74$ ( +38%) Objective 2: Next resistance around corresponding to the reversal pattern swing move target at the 1.14$ zone (+110%) Objective 3: Near the weekly ATH at 3.32$ ( +500%) Invalidation Mental Stop: just below the recent daily swing low. This setup proposes a nice Risk Reward If prices retrace to this stop level we will wait for the weekly closing price then set a Stop loss ¼ or Risk below the weekly close price. Risk = Distance between Mental stop and entry point.
Long
by pollux3000