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ENJUSDT trade ideas

ENJUSDT is testing the key levelsENJUSDT, is currently in a critical phase as its price is approaching both the daily support and the weekly support levels. This convergence of key support areas makes it an important zone to watch for potential price action. A pullback refers to a temporary reversal in the price of an asset after a significant upward movement. It is a natural and healthy market phenomenon where the price retreats from its recent highs before potentially resuming its upward trend. Pullbacks allow traders and investors to enter positions at more favorable prices, taking advantage of the temporary dip. In this scenario, a pullback from the current support levels suggests that the price may bounce upward, potentially indicating a continuation of the overall bullish trend. However, it is important to exercise caution and assess other factors, such as market sentiment and indicators, before making trading decisions. According to Plancton's rules, the next valid area for potential long positions could be around the 0.32 price level. Plancton's rules are a set of guidelines or strategies created by a trader named Plancton, which traders often reference to identify potential trading opportunities. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
6
Enjin Long Idea In the realm of crypto, ENJ takes the stage, Enjin Coin, poised for a glorious wage. A long idea emerges, swing trade in sight, Parallel channels and OBV, shining bright. Within the parallel channels, a journey unfolds, A path to follow, where potential beholds. As OBV diverges, a bullish sign appears, A swing trade opportunity, diminishing fears. With the risk-to-reward ratio at 1:9, A chance for gains that truly shine. On 10x leverage, we boldly tread, Seeking profits, where fortunes are spread. So let's embark on this ENJ trade, With parallel channels as our guide, we cascade. OBV's divergence, a tale to believe, A swing trade potential, our goals we achieve. But heed the call for cautious play, Risk management must have its say. Leverage carries its own weight, Trade wisely, sealing a prosperous fate. In this realm of crypto, where possibilities thrive, ENJ's long idea ignites, as we strive. With parallel channels and OBV as our cue, A swing trade potential, for me and for you.
Long
by DepecheGST
ENJUSDT falling WedgeENJUSDT is exhibiting a falling wedge pattern, which is a bullish chart formation characterized by converging trendlines sloping downwards. In this pattern, the upper trendline, which represents the declining highs, and the lower trendline, representing the decreasing lows, converge towards each other. The falling wedge pattern typically indicates a period of consolidation and decreasing volatility, suggesting that a breakout might be on the horizon. If the price of ENJUSDT were to create a breakout from the falling wedge pattern, traders following Plancton's Rules might consider taking a new long position. Upon a breakout from the falling wedge, a trader employing Plancton's Rules might look for confirmation through factors such as increased trading volume and a decisive close above the upper trendline. This confirmation helps validate the breakout and reduces the likelihood of false signals. Additionally, risk management is crucial when executing a new long position based on Plancton's Rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
8
ENJUSDT wants the dynamic support?ENJUSDT has experienced a clear breakout of its previous structure, indicating a potential shift in market sentiment. However, the price is now testing a significant resistance level, which suggests that there may be selling pressure at this price point. If the price is unable to break through this resistance, it could create a new bearish impulse and move lower. Additionally, it's possible that the price may retest the dynamic support level, which could provide a buying opportunity for traders who are bullish on ENJUSDT. This support level is dynamic because it's based on the current price action, and can move up or down as the price changes. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
18
ENJ/USDT - Enjin Coin: BBand_Breakout Super-Trend◳◱ A Bollinger Band breakout and a Super Trend pattern have been noticed on the NYSE:ENJ / CRYPTOCAP:USDT chart, indicating a bullish trend. The Bollinger Band shows a probable positive trend as the price has moved outside of the upper band, while the Super Trend confirms the bullish trend. To buy at the current price range and aim for higher levels would be a solid option. The key resistance levels are located at 0.4718 | 0.4931 | 0.5477, and the major support zones can be found at 0.4172 | 0.3839 | 0.3293. ◰◲ General info : ▣ Name: Enjin Coin ▣ Rank: 101 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex ▣ Category/Sector: Media and Entertainment - Gaming ▣ Overview: Enjin is a Singapore-based technology company that provides services for building gaming communities as well as services for blockchain game developers. Enjin provides a suite of tools based on a web interface that supports Ethereum digital assets in the form of ERC-1155 tokens. Enjin also operates a virtual goods marketplaces for digital assets on Ethereum. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.4571 ₮ ▣ 24HVol: 5,560,477.083 ₮ ▣ 24H Chng: 2.673% ▣ 7-Days Chng: 5.78% ▣ 1-Month Chng: 7.52% ▣ 3-Months Chng: 25.76% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.4718 | 0.4931 | 0.5477 ◢ Support: 0.4172 | 0.3839 | 0.3293 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 0.88 ▣ Last 90D: 1.31 ▣ Last 1-Y: -0.77 ▣ Last 3-Y: 1.01 ◲◰ Volatility : ▣ Last 30D: 0.78 ▣ Last 90D: 0.99 ▣ Last 1-Y: 1.00 ▣ Last 3-Y: 1.35 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.55 - Bullish ▣ Reddit sentiment score is 0.79 - V. Bullish ▣ In-depth ENJUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF