Enjin Trying to Mine those Diamond Blocks 💠 | ENJIN ($ENJ)
⛏️ It was only a matter of time before someone mashed up the block-based Minecraft with the block-based Blockchain. Well folks, the wait is over, Enjin has finally done it with their EnjinCraft plugin for Minecraft. This release shows Enjin is hard at work and that at least some of the past ENJ FOMO was warranted. That plus some mega bullish action since the COVID bottom has us looking for some levels for the bulls who want to mine those rare blocks.
Support ENJUSDT(Left):
First up we have the S1 S/R flip and orderblock cluster that includes a previous high. This is the first logical spot to look for a pullback. We have a similar formation at the S2 orderblock, although this level traces back to the pre-COVID crash range high as well. Lastly, the S3 S/R and orderblock cluster has acted as a major price pivot point and should provide support if it is tested. That said, all of these levels are logical and are likely to see a reaction of some kind if we see any kind of a pullback on the USD pair.
Support ENJBTC (Right):
The ENJBTC chart is very similar in terms of levels. First up we have the S1 S/R flip and orderblock cluster that includes the previous range swing high. This is the first logical spot to look for a pullback and has already seen a retest. We have a similar formation at the S2 orderblock cluster and S3 S/R and orderblock cluster. Again, like with the USDT chart, any of these levels are likely to see a reaction to price if and when we have a retest of them.
Resistance:
Although there is some valid resistance on the chart, the BTC and USDT pairs have both been so bullish we aren't concerned with resistance levels yet. With that said, we are happy to map out resistance levels if the chart gets enough attention. So if you are interested, let us know.
Overlook and Summary:
Getting a chance to buy any of these levels is likely going to be a bit like mining some of those rare diamond blocks in Minecraft, worth the time it takes to get to them. With that in mind, trends can always change, so if the trend does manage to give us too much downside volatility too quickly we won't hesitate to Alt+F4 this outlook.
Resource: cryptoticker.io/en/enjin-plugin-minecraft/
✨ Drop a comment asking for an update, we do NEW setups every day! ✨
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Support ENJUSDT(Left):
First up we have the S1 S/R flip and orderblock cluster that includes a previous high. This is the first logical spot to look for a pullback. We have a similar formation at the S2 orderblock, although this level traces back to the pre-COVID crash range high as well. Lastly, the S3 S/R and orderblock cluster has acted as a major price pivot point and should provide support if it is tested. That said, all of these levels are logical and are likely to see a reaction of some kind if we see any kind of a pullback on the USD pair.
Support ENJBTC (Right):
The ENJBTC chart is very similar in terms of levels. First up we have the S1 S/R flip and orderblock cluster that includes the previous range swing high. This is the first logical spot to look for a pullback and has already seen a retest. We have a similar formation at the S2 orderblock cluster and S3 S/R and orderblock cluster. Again, like with the USDT chart, any of these levels are likely to see a reaction to price if and when we have a retest of them.
Resistance:
Although there is some valid resistance on the chart, the BTC and USDT pairs have both been so bullish we aren't concerned with resistance levels yet. With that said, we are happy to map out resistance levels if the chart gets enough attention. So if you are interested, let us know.
Overlook and Summary:
Getting a chance to buy any of these levels is likely going to be a bit like mining some of those rare diamond blocks in Minecraft, worth the time it takes to get to them. With that in mind, trends can always change, so if the trend does manage to give us too much downside volatility too quickly we won't hesitate to Alt+F4 this outlook.
Resource: cryptoticker.io/en/enjin-plugin-minecraft/
✨ Drop a comment asking for an update, we do NEW setups every day! ✨
Like, Comment & Follow to help the community grow 🎉🎉
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