ENJUSDT trade ideas
RSI Analysis(Not Financial Advice)
ENJ has seen some volatility on the charts in recent weeks plummeting below previous support levels.
ENJ RSI has been slowly rising since the correction and is showing consolidation between $1.00- $1.15. Building support levels here will be important as continue work on the Efinity continues. Latest NFT work on the DOT blockchain is showing signs of strong demand.
What will happen to ENJ next?
Happy Investing
ENJ SHORT !!!Hello Everyone !
Hope your all doing Great?
Upwards Resistance level: $1.15 - we have had several daily closes below that strong support now turned resistance level.
personally i believe everything in crypto depends on bitcoin and bitcoin is not looking too convincing for a rally up to $40k probably we might see a downside to $25k then to $22k where the 3day 200 ma resistance line and 3year resistance level can hold then we find our bottom and rally up.
targets : Enjin needs a weekly close below the 50 ema line, cause none of the heikin ashi candles have closed below there to make it another strong resistance level like $1.15
so i say a close below 0.92
we can then have
tp 1 at $0.70(again)
tp 2 $0.5
tp 3: $0.30
tp4 $0.20
then after said tp's we can have a relief rally to $1.99 -$ 3
most importantly enjin is about to have a death cross both on the moving averages and exponentials 50 & 200!
ENJ/USDT expecting continuation of the bearish movement.Hi every one
ENJIN COIN / TETHERUS
as you can see ENJ/USDT has been falling for a while and the Bearish Trend line which It has created has not been broken so there is a chance that the price remain bearish. also we can see that the price has formed a Descending triangle which of course means the price has still room for Decreasing .there is also a Hidden bearish Divergence(-HD) on RSI as well which well suggest a bearish Movement as well!
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
ENJ/USDT 4h simple analysis in 20th/JunHi, crypto traders.
ENJ is in a Strong Downtrend now.
The price continued to go down and finally, 20MA (blue) broke 60MA (green) to the lower side. Because the sequential order is 60MA (green) > 20MA (blue) > 5MA (red) > the candle, the trend is a Strong Downtrend. If the price keeps under 5MA (red), this bearish trend continues.
Conversely, if the price goes up, the 1st target will be the cross-point with 5MA (red).
Because the price already broke my target: 1.15USD, I think it will continue to go down. But we should watch the next move carefully.
==TODAY’s Check Points==
- The candle goes up and breaks 5MA (red) clearly?
- The candle continues to go down and reaches 1.00USD?
==TODAY’s Target Price==
ENJ goes up:
1st target: Cross-point with 5MA
2nd target: Cross-point with 20MA and 60MA
3rd target: 1.58USD (the last highest price)
ENJ goes down:
1st target: 1.00USD (A nice round number)
2nd target: 0.735USD (the lowest price in 23rd/May)
3rd target: 0.475USD (the lowest price in 28th/Feb)
Enjoy your trading.
=================================
#Efinity Token Sale
coinlist.co
Sale Period Begins: 24th/Jun/2021, 17:00 UTC
#Event schedule
xxx/2021: NFT.io launch (nft.io)
xxx: Efinity launch
#Latest Enjin blog/news (in 18th/Jun)
How NFTs Are Revitalizing the Creative Industry
enjin.io
ENJ/USDTBroke its 1.2$ support and now heading towards it next small support in 1.1$ area. #ENJ can dip further if BTC make a wick or dip to 31k. We can short this coin now with 3x leverage.Manage your positions and risks accordingly and make sure you dont get liquidated. Current resistance of #ENJ are 1.2$ , 1.45$ and 1.8$
ENJ/USDT BINANCEENJ/USDT BINANCE
4H hollow candlesticks.
After a very profitable year, Enjin continues a healthy steady growth after a huge correction above 80% of its value.
As those two asymmetric triangles have formed, a price breakout is about to happen as BTC will lead the market.
Multiple support & resistance levels shown as horizontal lines, except those two basic highlighted areas.
Fibonacci retracement showed already a nice entry point.
MACD shows a sideways movement.
Steady Volume.
A bar pattern repetition shows a possible scenario for the next days.
Enjin Coin Price (ENJ) = $1.41 -3.41%
0.00003666 BTC -1.44%
0.0005951 ETH -0.11%
Good Luck
CryptoHellas Team