ENJUSDT trade ideas
Simmetrical Triangle pattern on ENJHello everyone,
ENJ/USDT have good opportunity to drop 20%. This trade will be not correct, if price will cross over green pattern line. Make shore that price crossing down red support line. Also always look at btc price, if you want to win with this trade, make shore btc going down also.
ENJUSDT Making Symmetrical TriangleEnj making a triangle. and now trading on 2.875 if it is able to break the resistance then we can see its price going toward 3.60 and if it's not able to break the resistance and shows a little correction then we can see its support level around 2.73 and if it breaks the support we can see its price around 2.05.
Trade Accordingly. if it breaks the resistance then wait for the retracement and testing its new support level and then take long otherwise vice versa.
THE LITTLE ENJIN THAT COULD. BULLFLAG PATTERN ENJ trying to close above upper band of bull flag; seeing some consolidation. Support held at 38.20% fib and we've been able to close above 2.896 key area of resistance (3x support on previous swing lows), but still below 50 EMA.
Technical:
1. MACD - Histogram getting smaller and red lightening. MACD line below signal, under 0.00, flattening out from obvious downtrend.
2. BB - Candles near lower band
3. RSI - 43. Line moving toward upside.
4. EMA - Above 128, 200; below 50.
If price can close above flag line, 50% fib, and 50 EMA, possibility we see upside is high. At that point, we should see MACD looking to move above signal line from below. Place entry accordingly.
Price Target 1 (9.50%) - 3.144
Price Target 2 (27.09%) - 3.665
Price Target 3 (53.13%) - 4.426
ENJ is a gaming community platform and virtual goods marketplace.
Goodluck!
ENJ, Rising Accumulation on yet another metaverse token.ENJUSDT (Enjin) showing a picture perfect wyckoff structure, see image attached.
Volume has increased steadily to the buy side since breakout.
Panic sell into previous resistance and failure to fall under is a sign of strength for a possible BU (Back Up) Action.
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What is Wyckoff Method?
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"One objective of the Wyckoff method is to improve market timing when establishing a position in anticipation of a coming move where a favorable reward/risk ratio exists.
In accumulation, the shares purchased outnumber those sold while, in distribution, the opposite is true. The extent of accumulation or distribution determines the cause that unfolds in the subsequent move out of the TR (Trading Range) ."
Wyckoff Theory & Schematics give us clues to which probable direction the price may head out of the horizontal moving price structure.
In a Accumulation Trading Range the key characteristics are the ST or Spring below the Trading Range, and the SoS's Signs Of Strength with strong breakout volume at the upper end of the range.
Enjin Coin SetupThis is the setup of Enjin Coin, this setup based on supply and demand, trendline and support resistance, the risk reward is quite worth it
technical analysis ENJUSDTDEAR TRADERS.The price continued its uptrend to $ 4 and statistically went through its 5 uptrends, expecting a correction in the weekly timeframe, ranging from $ 2.25 to $ 2.6.We have two scenarios for the price future that are included in the analysis
ENJUSDT - 1D - LONG💡💡#SIGNAL 💡💡
ENJ / USDT
▶️ Buy Now + Block
🔴 SLT - 1D (Trigger)
#ENJUSDT_1D_271121
#ENJ Retest important supporting level#ENG is in Uptrend and retest the supporting level in the area of 3 which has strong dynamic and static support and can grow to next resistance levels
Targets: 3.6 - 3.7 - 3.9 - 4 - 4.5 - 4.66
StopLoss: 2.97
Rebuy: 2.9 - 2.7 - 2.5
Enjin coin head and shoulders pattern , Cryptocurrency.This in my TA for Enjin coin , I think that Enjin coin is going to carry on through with its head and shoulders pattern forming and hit its recent support level at 2.620$ and go no further.
Please leave your opinions down below and make sure to give feedback , thank you.
Enj last chanceThis is the last stand before HnS breakdown. Currently sitting at the golden pocket on fib retracement and well established horizontal support. Bounce above 3.87 (right shoulder) would invalidate HnS.
If we get a H4 close below neckline I’ve listed the price target at around 1.77, but support base before PT.
In Bull markets bearish patterns such as these rarely hit PT so make sure and move stop at break even or trail in profit if it does break down.
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Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
ENJ/USDT 4HOUR UPDATEWelcome to this quick ENJ/USDT analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- ENJ/USDT is triangle pattern create conform and retest BUY the green zone.
Entry:-CMP and buy green zone
Traget:-30% to 40%
Stop loss :- $3.44
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
ENJ/USDT 1 HOUR ANALYSIS Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
SNX /USDT lying on a strong support level or making triangle pattern.
Entry: ACCUMULATE BETWEEN $3.54 TO $3.5
Targets:
$ 3.717
$ 4.05
$ 4.28
$ 4.65
Stop Loss: 3.3
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
🕹️ ENJIN = Time for Higher 🍊Price on support, which used to be resistance = Time to Buy
NEWS:
Amasa Integrates Enjin and Efinity for Metaverse Micro Incomes
Enjin: powering the metaverse
Enjin has been one of the beneficiaries of Facebook’s recent metaverse dive in
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.
Metaverse is HOT and Enjin is involved in that too.
You can read a lot more on our previous Enjin posts below. Best thing about Tradingview is that it's all here, in one place. Nobody can fake it here since it's documented. :))) SUPER!
News:
🤖Enjin Forms $100M Fund to Support Metaverse Projects
The Efinity Metaverse Fund will aim to support work on metaverse projects on Enjin and Polkadot.
Just another great development to support our analysis.🦾
Oh! and it's Carbon negative 🍏💚
Start your ENJINS if you haven't...
Get your ENJINS going if you have
the FXPROFESSOR 🕹️
(Once a gamer always a gamer)
Enjin Coin ENJUSDT Trade PlansBULLISH
1)HH and HLs.
2) Fib level 0.5 support at 3.43
Bearish
1) Bearish Engulfing at 3.8
2) Resistance at 3.62
3) Closed below Trend line
Trade Plan 1
Short from current price with tight stop loss
1) Entry 3.6
2) Stop Loss 3.7
3) Take profit 3.45
Trade Plan 2
Long if hourly candle closes above 3.65
1) Entry 3.65
2) Stop loss 3.43
3) Take profit 3.9
possible bearthis to me looks like small head and shoulders are forming possible larger head and shoulders taking us down. Not financial advice! Any thoughts on this TA?
