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Enjin Coin / TetherUS

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ENJUSDT trade ideas

ENJUSDT wants the dynamic support?ENJUSDT has experienced a clear breakout of its previous structure, indicating a potential shift in market sentiment. However, the price is now testing a significant resistance level, which suggests that there may be selling pressure at this price point. If the price is unable to break through this resistance, it could create a new bearish impulse and move lower. Additionally, it's possible that the price may retest the dynamic support level, which could provide a buying opportunity for traders who are bullish on ENJUSDT. This support level is dynamic because it's based on the current price action, and can move up or down as the price changes. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
18
ENJ/USDT - Enjin Coin: BBand_Breakout Super-Trend◳◱ A Bollinger Band breakout and a Super Trend pattern have been noticed on the NYSE:ENJ / CRYPTOCAP:USDT chart, indicating a bullish trend. The Bollinger Band shows a probable positive trend as the price has moved outside of the upper band, while the Super Trend confirms the bullish trend. To buy at the current price range and aim for higher levels would be a solid option. The key resistance levels are located at 0.4718 | 0.4931 | 0.5477, and the major support zones can be found at 0.4172 | 0.3839 | 0.3293. ◰◲ General info : ▣ Name: Enjin Coin ▣ Rank: 101 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex ▣ Category/Sector: Media and Entertainment - Gaming ▣ Overview: Enjin is a Singapore-based technology company that provides services for building gaming communities as well as services for blockchain game developers. Enjin provides a suite of tools based on a web interface that supports Ethereum digital assets in the form of ERC-1155 tokens. Enjin also operates a virtual goods marketplaces for digital assets on Ethereum. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.4571 ₮ ▣ 24HVol: 5,560,477.083 ₮ ▣ 24H Chng: 2.673% ▣ 7-Days Chng: 5.78% ▣ 1-Month Chng: 7.52% ▣ 3-Months Chng: 25.76% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.4718 | 0.4931 | 0.5477 ◢ Support: 0.4172 | 0.3839 | 0.3293 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 0.88 ▣ Last 90D: 1.31 ▣ Last 1-Y: -0.77 ▣ Last 3-Y: 1.01 ◲◰ Volatility : ▣ Last 30D: 0.78 ▣ Last 90D: 0.99 ▣ Last 1-Y: 1.00 ▣ Last 3-Y: 1.35 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.55 - Bullish ▣ Reddit sentiment score is 0.79 - V. Bullish ▣ In-depth ENJUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
✴️ Enjin Coin Highest Volume Since Mid-2021 | Bull-MarketYesterday's session produced the highest daily volume since April 2021. Every time we see a massive increase in purchase volume this precedes a bull market. This is no surprise, after the bottom is hit, the only place left to go is up. The bottom was hit December 2022 for this and many other Altcoins, so the path is clear for growth. Notice back in 2021 the massive increase in volume... Volume flat through late 2020 and then a sudden jump preceding a bull market. The same is happening now. Volume completely flat through late 2022 and a sudden jump happens yesterday... There is potential for so much growth. Namaste.
Long
by MasterAnanda
2
ENJUSDT is creating a new pennantENJUSDT is showing signs of potential weakness. The market has created a pennant formation after a clear bearish move, indicating a temporary pause in the trend before a potential continuation in the direction of the prior move. Currently, the market is in a consolidation phase after a clear bounce on the daily support. If the price creates a bullish impulse and retests the 0.46$ area and creates another bearish impulse, the target could be the 0.34$ area. According to Plancton's Rules, if the price loses the 0.39$ area, a new short position may be possible. This is because the breakdown from the support level indicates that the bears have gained control, and there is potential for the price to continue moving lower. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
6
ENJUSDT could retest the 4h supportENJUSDT has recently retested the daily resistance level at $0.55. However, the price was rejected at this level and subsequently lost the weekly support as well. This suggests that the market may experience a downward trend in the near future. If the market continues to decline, there is a possibility that the previous weekly support level could be retested as new resistance. Traders may want to apply Plancton's rules and consider taking a new short position if the price fails to break through this level. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
6