ENJWETH_E56C60.USD trade ideas
ENJUSD (Daily) - Bullish reversalHi Traders
ENJUSD (Daily Timeframe)
Waiting for the upward break of 0.3364 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.2664 would cancel the bullish scenario.
Trade details
Entry: 0.3364
Stop loss: 0.2664
Take profit 1: 0.3796
Take profit 2: 0.4496
Score: 6
Strategy: Bullish reversal
✴️ ENJ Trade Signal (7X)I initial shared this one 23-June but the chart setup, which is the important part, is just as good today... Just that the wait would be shorter.
Enjin Coin (ENJUSD) | We have all the classic bullish signals:
- The RSI bullish even though prices are really low.
- Trading above EMA10 with a full green candle.
- The 1,2,3,4 Steps Pattern
- And the long-term higher low.
We are active on this one with 7X.
Good luck.
Good profits... Now & always, keep this in mind... You deserve the best!
Namaste.
✴️ Enjin Coin | Also Set To Recover (7X Lev. Today)Let's look at it differently for Enjin Coin.
We have the same lower low vs higher low situation described in previous trade ideas; The candle wick, June '23 vs Dec '22, ended in a lower low while the candle closure is higher.
And we made sure to mention that the candle closure, the daily/session close, is more important/relevant than the candle wick. Since we have both, a lower low and a higher low, the higher low is more important.
The candle/session close is marked with the dashed line.
The candle/session high/low is marked with a full line, this is true on all my trade ideas.
But we will look at ENJUSD differently.
Notice January 2023, ENJUSD moved above EMA10/21 and a bullish wave followed, we are in the same situation today.
After a very strong correction ENJUSD is back above these two levels, EMA10/21 and we can expect another bullish wave.
Spoiler alert, I've opened a trade with leverage on this signal... I believe it will grow.
Thank you for reading.
Namaste.
ENJ - Expecting further downside
The corrective movement that began in February is expected to continue down to at least the 100% AB extension, around 0.265 (21% below current levels).
This scenario invalidates above 0.46
🚨 ENJ has a beautiful bearish structure🚨 ENJ has a beautiful bearish structure and offers a nice sell setup with a 3.45 ratio. Not bad! My orders are already in place. #ENJ #cryptotrading 📉💰
ENJ long setupGaming/meta play. Looking to scale into position on 15/30 min chart flat support levels. Target 1 127% fib extension, target 2 161% fib extension
ENJUSD hit the 1W MA50 after 1 year! Eyeing 1.0500.ENJIN (ENJUSD) is having a major bullish break-out today as not only did it break above the 1D MA50 (blue trend-line) for the first time in more than a month but also hit the 1W MA50 (red trend-line) for the first time in a year (since April 02 2022).
The chart on the right displays ENJ during its 2018/2019 Cycle and even though we need strong fundamentals to back such a strong and quick rally to the 0.786 Fibonacci level, a closing above the 1W MA50 now may be enough to initiate a steady rally to the 0.5 Fibonacci level, which is a little over 1.0500.
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ENJUSD (1H) - Bullish breakoutHi Traders
ENJUSD (1H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 0.433 resistance level. Only the downward break of 0.411 would cancel the bullish scenario.
Trade details
Entry: 0.433
Stop loss: 0.411
Take profit 1: 0.446
Take profit 2: 0.468
Score: 7
Strategy: Bullish breakout
Reviewing post done day ago $ENJ $FARM $ETC moving#crypto that ran, sold off & basing
OR slow movers
SO FAR
$ETC closing in on 10%
$FARM up almost $2
$ENJ did 10%, look at volume!
Others are stagnant for the most part
#cryptotrading
Enjin update today bullish and bearish scenario#ENJUSD
-See the important defense zones.
-Red colors for sale zones.
-Green colors for purchase zones.
*Breakout of the region with confirmations initiates a countertrend of the indicated zones.
ENJUSD 1st step made towards $1.50. 1D MA200 broken.Enjin (ENJUSD) broke today above its 1D MA200 (orange trend-line) for the first time since February 09 2022. Even though that is technically a major bullish break-out, the price is still inside a Channel Down pattern that started on the June low. We ideally want to see a closing above that Channel to call for the new Bull Cycle and the reason can be found back in 2018.
As the chart on the right shows, ENJ also marginally broke above the 1D MA200 on December 22 2018 after a multi-month period but as it didn't close above it, it failed and got rejected to one last (Higher) Low before the next leg delivered the first rally of the Bull Cycle, a rally that peaked at an incredible 0.786 Fibonacci level (just below).
Interestingly enough, the current levels of the 1D RSI are similar to that of February 26 2019 but the price is nowhere near the 1W MA50 (red trend-line). As a result, this time perhaps we should be suited for a less aggressive 1st Bull Cycle rally, technically more natural. The Golden Fibonacci Ratio of 0.618 is at $1.50 and that is our target for this year.
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ENJ Bear Flag on the 1D.As the market shows continued caution staring into the face of a bear flag on the one-day time frame. Please exercise caution as the bottom is anyone's guess!
Not trading advice... Please DYOR!
ENJUSDTIt is expected that the drop will complete the shaded area to end wave C, thus forming the final trough
ENJUSD An Opportunity for a bullish bias positionAt 4hour timeframe the crypto system for eth is seen to have formed an inverted pinbar, capable of retracing the price to a price above 0.28655. As far as the price holds above it, ENJUSD will have a strong bullish rally breaking the previous high.
ENJ ABOUT TO TURN ON THE (ENJ)INSENJ is about to go super wicked. If held above this inflection point, she is going to rip up pretty fast and without a lot of hassle. All types of Bullish Divergence is starting to play out as we see the momentum starting to build. I am LONG when ENJ can burst through that resistance and backtests to claim new support.
ENJUSD (1H) Bearish breakoutHi Traders
ENJUSD (1H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 0.488 support level. Only the upward break of 0.508 would cancel the bearish scenario.
Trade details
Entry: 0.488
Stop loss: 0.508
Take profit 1: 0.476
Take profit 2: 0.457
Score: 8
Strategy: Bearish breakout
ENJIN Coin Short term Correction ! As for now we have an opportunity of a buy trade since previous resistance has turned into support. However, we need a retest to the newest support to confirm the buying bias otherwise stay out of the trade but I think a short term correction with upwards momentum could be possible in the short term. Noticed we are in the oversold condition too and to add even more confluence it's a level of support that's been proven previously several time to push price higher + trendline area. Still could be broken so wait for a retest to enter in the breakout.
ENJUSD (4H) Bearish breakoutHi Traders
ENJUSD (4H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 0.4850 support level. Only the upward break of 0.5500 would cancel the bearish scenario.
Trade details
Entry: 0.4850
Stop loss: 0.5500
Take profit 1: 0.4450
Take profit 2: 0.4030
Score: 7
Strategy: Bearish breakout
ENJ (Enjin) bought at $0.72,Will go above $0.79 in next 9 days.ENJ (Enjin) bought at $0.72
Expecting target & timeline
Will go above $0.79 in next 9 days.
Its not a Financial Advice
Thanks
ENJ at top of range and hitting resistance; Bearish?It may depend heavily on how BTC performs, but im feeling pretty bearish on ENJ as it stands.
As the title states, ENJ rejected off the resistance almost perfectly while simultaneously reaching the top of its range; on the dot, i might add.
Personally im looking for short entries on ENJ. But as always.. time will tell.
If this continues to sit sideways and isnt able to create a higher high, i expect it will fall back down to the bottom of its range before making progress upwards.
