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Enjin Coin / TetherUS

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ENJUSDT trade ideas

#ENJUSDT (Watchlist)What we mean by Add this coin to the watchlist ?! 👀 This means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume , showing a reversal candle, accumulation stage, etc, but no reaction from bulls, so we inform you to add it to your watchlist until the right time for entry.!! Ps: we avoid trading any coin if the entire project for it is based on gambling, prostitution, human trafficking, etc. This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism. Pressing the "like button" and leaving your "comments" below our ideas is great and supports us in providing more ideas.❤️ Good luck to All. 🙏we ask Allah reconcile and repay🙏
by HamadaMark
1
ENJUSDT is ready to do a strong bullish movementHi every one ENJIN COIN / TETHERUS This is an overall update on ENJ . as you can see the price has managed to break the Trend line after touching the Expected Support level and now the price can reach It's ATH once again! But of course It's gonna take a while so if you are at a loss on ENJ you must hodl ! Previous Analysis Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
21
LINK/USDT, ENJ/USDT, Technical Outlook, Edition #52 (15/07/21) This evening’s report will be community-focused and analyze the two most voted assets per our subscriber’s request. The two assets with the most votes received are Chainlink ($LINK) and Enjin ($ENJ). In addition, the macrotrend for both altcoins will be mapped using a logarithmic scale instead of our usual linear one. The Logarithmic Scale Logarithmic price scales use the percentage of change to plot data points, so the scale prices are not positioned in equal distance. The reason why using the Log scale to chart more volatile altcoins is due to two main factors: The first is to respond to skewness towards large values; This is when a few data points are much larger than the bulk of the other data, which is common in altcoin land. The second is to show percent change between the different data points. Chainlink Analysis Chainlink, LINK/USDT - 1 Week (W1) As you may have noticed, Log-scale omits a lot of the sporadic fluctuations in price and, in some cases, can work better than linear modelling. This channel-like macro uptrend has held since Chainlink’s inception and exchange listing on Binance. A W1 close below the 20 EMA (GREEN) and 50 MA (RED) is bearish; if Bitcoin falls further, then $LINK may see wick-lows to USD 7. Some potential bullish news for Chainlink is its fight against MEV. MEV stands for “Miner/Maximum Extractable Value”, which essentially means miners can order transactions in a block how they please. This allows them to profit by either sandwiching transactions or front-running transactions to generate as much value from the block as possible. Many individuals using the Ethereum network argue this is unfair, and transactions should be ordered on a first-come, first-serve basis. Chainlink created the Fair Sequencing Service (FSS), which operates as follows: In a nutshell, the idea behind FSS is to have an oracle network order the transactions sent to a particular contract SC, including both user transactions and oracle reports. Oracle nodes ingest transactions and then reach consensus on their ordering, rather than allowing a single leader to dictate it. Oracle nodes then forward the transactions to the contract SC. They sequence these transactions by attaching nonce or sequence numbers to them or sending them in batches. This essentially means that transactions are not ordered to benefit a single party but fairly using multiple oracles on the Chainlink network to achieve consensus. This removes the ability for miners to front-run or sandwich transactions to gain financial advantage at the detriment of other network users. More individuals may opt-in to use FSS, as it prevents the issues mentioned above, which would be bullish for the Chainlink oracle network. Many individuals and traders have expressed hate for MEV as it increases the spread and cost of transactions, which could see FSS reach wide adoption in Dapps. Enjin Analysis Enjin, ENJ/USDT - 1 Week (W1) Structurally speaking, Enjin looks much stronger than Chainlink; this is due to a successfully bounce off the W1 50 MA (RED), which is still holding as support for now. Should Bitcoin Dominance (BTC.D) rise and BTC/USD fall then, Enjin may see USD 0.40 – 0.50 SUD lows. Furthermore, the recent expansion of the metaverse could yield bullish pressure for Enjin. The Enjin team invented the ERC-721 token standard, hence, responsible for kick-starting the NFT bull market. In addition, Enjin’s development of multiple SDKs (Software Development Kits) to aid developers in implementing NFT’s into different products could make Enjin the standard for creating and distributing NFT’s. Axie Infinity has shown investors the power of the metaverse and tokenisation of game items. Hence, Enjin, a project which specialises in creating and distributing NFT’s, could become a solid cornerstone of the metaverse era. Q’s Conclusion While Bitcoin dominance rises and BTC/USD falls, then altcoins may see further downside. Refer to their W1 log scales to see overall macro trends and be patient. Let the market do the work and come to you See you again for the next update. - q
Short
by UnknownUnicorn22694773
ENJUSDTHello to you all. Mars Signals team wishes you high profits at all times. We are in daily time frame. The price is moving in an upward trend. We have reverse head and shoulders, which increases the price. As long as the price is above the green line, we are in an upward trend. We have specified the targets for you and if the price penetrates below the green line, we consider the fall, but we can have a buy step if the price approaches the support line. And place the exit point below the support line. Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
Long
by MarsSignals