ENJUSDT trade ideas
ENJIN COIN RE-ANALYSIS (GLOBAL TARGETS)In our last Enjin coin analysis, we talked about how the price could go up to $6 dollars.
Today we will be talking about higher targets in our re-analysis.
Visit the previous analysis for inights(will also be linked below)
As we can see, price action is in a large ascending channel, one which price has continuously respected on each touch
Currently in a larger degree ABC correction wave (wave 4 correction wave) we can see that price hasn't yet touched the 0.618 fib level of our wave AB, which should be the first step to determining which type of correction we're currently in.
Wait for price to come back down to the .618 region before making any buys, and wait for the touch of the channel support before going long.
If you agree leave a like and share your thoughts and views in the comments.
Feedback is always appreciated.
ENJUSDTEnj now is making a good correction with the last leg C, so the price now is at a good support and trend line that we hope to bounce from any of them
To have a safe entry you can wait for the breakout or u can take the risk with a little SL under the green line
Wish all the best for u and good day
ENJIN COIN / TETHERUS !! ✈Enjin (ENJ) is an ERC-20 token on Ethereum that acts as the main utility token for the Enjin Network. The Enjin Network acts as a foundation of an interconnected ecosystem of blockchain-powered games. Many crypto games went through the trouble of building entire networks or at least creating unique tokens. Enjin wants to make the blockchain side of its games quick and seamless so it can focus on the game itself.
ENJUSDT Attaractive chartOver the past month, the crypto space has seen vast sums of money pour into Metaverse projects. The leading crypto exchange KCS and blockchain gaming platform ENJ allocated $100 million to build the Metaverse. In contrast, the existing virtual world gaming projects MANA and SAND have seen their tokens soar over 500% since the start of November...
ENJIN , ENJUSDT 1D Good To buy ^^
All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help .
📊 #ENJUSDT ( ENJIN Coin )
💹 Time Frame : Daily
🔵 Personal Opinion : HODL
👤 Saeid.Mahbob
📅 01.15.2022
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💡Don't miss the great buy opportunity in ENJUSD @enjin
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.35).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ENJUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48
Take Profits:
TP1= @ 2.59
TP2= @ 2.90
TP3= @ 3.25
TP4= @ 3.52
TP5= @ 3.95
SL= Break below S2
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💡Don't miss the great buy opportunity in ENJUSD @enjin
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.35).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ENJUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48
Take Profits:
TP1= @ 2.59
TP2= @ 2.90
TP3= @ 3.25
TP4= @ 3.52
TP5= @ 3.95
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ENJ, big volumes on every drop, why is that a good thing? A trend line has formed on the ENJ chart, which is currently acting as resistance. It is worth noting that with every drop the volume increases, which is a good signal that the big players are picking up liquidity. A breakout of the trend line could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ENJIN- Ready for Higher?Enjin is doing Really well today and just broke over the double resistance.
Can ENJIN make it to TOP-15?
We think it will, the chances are increasing with the launch of smart contracts in the next 2 months(that's why it is trending), the launch of NFT. io and the fact that it is established as the LEADER in GAMING CRYPTO SPACE:
Destination next is 3,3. Probably break over that level and we can start looking for 5$ mark
One Love,
the FXPROFESSOR
Here is How ENJ can reach It's ATH once againHi every one
ENJIN COIN / TETHERUS
ENJ is in a Cup & Handle Pattern. The Break out Needed for Ascending Further Has Not Happened yet, But If The Expected Break out Happens, we Can See a Bullish Movement as Much as The Measured Price Movement. (AB=CD) if our Predictions become True, ENJ will reach It's ATH once again.
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck