ENJEnjin Coin provided limited pulsations in order to shape a kind of support region. In addition to the price movement we can also observe tendency of ENJ to reach resistance levels mentioned in the analysis.
ENJUSDT trade ideas
Enjin Coin (ENJ) - June 1hello?
Traders, welcome.
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Have a good day.
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(ENJUSDT 1W chart)
Below 0.563 is likely a long-term investment area, so you need to trade cautiously.
(1D chart)
In the short-term and medium-term perspective, it needs to move above 0.744 for support to turn into an uptrend.
Accordingly, it is an important issue whether it is supported over the 0.673-0.744 range.
(buying)
- After confirming the support at 0.744
(Stop Loss)
- When the resistance falls below 0.673
- When it falls below 0.563
(Sell)
- When resistance is received in the 0.943-1.124 section
- When receiving resistance in the 1.626-1.878 section
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Cup and handleCup and handle may work and we will see a downtrend, although an uptrend is likely to occur, but we will have a strategy for both scenarios, please stop loss in all positions, thanks
ENJIN In Next Day's Potential to Rise>>>>>>>>>>Hello EveryOne
I Have Tried My Best to Bring the best Possible outcome in this Chart.
By temporary sales pressure decreases,
We have a short-term trading opportunity setup.
All possibility TP's marked on the chart.
PLZ set SL.
This is not financial advise.
PLZ DYOR.
With hopping success>>>>>>>>>>>>>>
ENJUSDT Long Setup!ENJUSDT Technical analysis update
ENJUSDT currently trading at $0.69
Buy level: Above $0.725 (only buy after the price breakout)
Stop loss: we will update once we see the breakout
Resistance 1 : $0.78
Resistance 2 : $0.86
Resistance 3 : $0.92
Resistance 4 : $1.00
Always keep stop loss.
Thanks
Hexa
ENJ/USDTENJ / USDT
It is in a trading area that has lost its support.
On the other hand, it broke its uptrend line downwards.
We expect the $ 0.57, $ 0.53 and $ 0.485 to fall.
#ENJUSDT #BTCUSD #ETHUSD #LUNABUSD #LUNAUSDT
BUYING ENJ/USDT (SWING)$ENJ has hit support and make a strong rejection , Consolidation movement we can swing in this situation .
in lower time frame potential make a IHNS pattern
Indicator like RSI and stochastic showing oversold , we can setup entry
Buy zone : 0.666 - 0.646 - 0.625
Target : 0.695 - 0.712 - 0.742 - 0.774 - 0.876
Stop : 0.6
ENJUSDT levels of support and resistanceDuring the conduct of your analysis it is imperative that you remain aware of the whole area, even though your chart may show support and resistance represented by a single line. Be aware that the price may turn before the line; and that a break of that line does NOT necessarily constitute a break of the support and resistance level.
*Notice, that the violet zone is the price level where the most amount of volume was traded.
#ENJUSDT 2H Chart
Price is currently ranging slowly but steadily in an uptrend after tapping into the 2h demand zone. MACD is not clear, RSI and EMAs are both neutral. Price may still move down in order to fill the FVG (fair value gap) and tap into the next major 4h demand at $0.59 before moving up again to take out all the liquidity resting above both levels of equal highs.
#ENJUSDT 4H Chart
Price previously bounced from the 12h demand zone and left another major 4h demand zone between $0.55 and $0.59 with a FVG (fair value gap) between $0.6 and $0.645. MACD is not showing clear indications, RSI and EMAs are neutral. Price formed a major level of equal highs where we have lots of liquidity resting above it and overall i expect price to fill the FVG and tap into the 4h demand before continuing to move up.
ENJIN COIN WARMING UP ITS ENGINESGood morning all
We will be looking at the ENJ/USDT pair this time around
Lets begin!
In our previious analysis we pointed out regions where price could bottom out for enjin coin, as shown below;
Price is trading at that level currently and we have ourselves a Regular flat correction in play judging by the price action.
In theory a regular flat has it's C wave to be 61.8%, 100%, or 123.6% of wave AB. So far we have a 100% retracement leaving us with our worst case scenario zone aligned with the 123.6% fib support level. That said, this is a very good buying opportunity (don't take my word for it)
Our targets for the 5th wave fall within the $12-$15 dollar range depending on where the bottom will be.
Past analysis linked below
PLEASE APPLY PROPER RISK MANAGEMENT!
If you agree with the idea, pls like, share, and comment your thoughts below.
As always, feedback is appreciated!
ENJ/usdt 1d - falling wedge📍the asset draws another wedge. Now it's too early to talk about the entrance, the figure is not drawn to the end. We have already taken profit on this asset when breaking through a large wedge.
Now we will act in a similar way: if it breaks up, you can buy.
If we go down, we will most likely enter a sideways movement at the level of $1.19.
🀄Watching
ENJUSDT wants another breakout?After the previous idea where we made more than 24%, the price had a breakout from the weekly support on 1.17$.
at the moment the price is in the consolidation phase below the resistance and wants to retest the lower trendline of the falling wedge.
How to approach?
The price could create a new bear flag between the previous support now new resistance and the dynamic resistance, so, if the price is going to have a breakout from that structure, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
WHERE IS THE BOTTOM FOR ENJ? - ENJIN COIN ANALYSISIn our last enj analysis we talked about how price needed to reach at least the 61.8 retracement level of correction wave B as shown below
Now that we have reached and bounced from the 61.8 level, what comes next?
It appears our currect wave C has created a falling wedge pattern, which could soon be confirmed as a Running flat pattern 3-3-5 correction if we get another leg down.
Levels to watch out for buying are the 76.4, 85.4 & 90.0 fib regions. Have some orders at the 100% retracement level too(0.735) but i'm doubtfull of it.
Global View:
Should the above scenario play out, We will have ourselves targets ranging from $10-25
1st Target- Previous ATH
2nd Target- $10-13(1.382)
3rd Target- $17-25 (1.5-1.618)
If you agree, pls like and share your thoughts in the comments.
Always manage your risks.
ENJUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ENJUSDT
The price had more decline when it lost its support line. Now it is moving toward the first support line. In fact, we must wait and see what happens. Either it will move upward to the first resistance line in case it is supported, or it will have more fall.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
ENJ LONG SIGNALNice to meet you, everyone
I'm an alt trader
I'm analyzing and recommending things that are similar to my personality among many alt coins
The BUY is OVER!!The Recent BTC pump as always had a strong effect on Altcoins.
Enjin being the Alt I trade at the moment saw a move to a 4HR supply after a brief sell.
And Also with BTC trading at a Supply zone I believe we are in for a sell to correct the imbalances and Liquidity lying below.
✅Potential Supply Zone
✅Failed Reaction
✅Bearish Change of Character Formed on 15M
✅Imbalances and Liquidity below to be cleared
Apply RM
✅SL=(-1%)
✅TP=(6.74%)
RISK🟡
Leave a like and also share your ideas
ENJ on the way to reach 1.05$(or 2.2$?)ENJ is in a Descending Parallel Channel Right now and This Means The Price Can Decrease further. But there is a Slight Chance that the Price would be able to Break the Bearish Channel & Reach 2.2$ again. But If It wouldn't be able to break the Channel, The Price Shall fall to 1.05$.
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Thank you for seeing idea .
Have a nice day and Good luck
ENJUSDT - Channel ENJ in a downward channel, perhaps we can have one more shakeout and move up possible 40% from here
#ENJ / USDT #Signal @everyoneBuy zone in yellow range
Potential targets around green levels
Buy & Hold investment idea not day trade
Stop loss (if any) depends on your strategy so decide yourself
**Fair bit of fear and volatility in the market recently so remember your money management**
**Please like and sub for more simple no junk trade signals**
