ENJ the next big boy in crypto #gemhunt 200% profit potential
Updated
hey guys welcome for another gemhunt in altcoins, now as you know previously we picked some of the best altcoins for you which gave huge huge profits in just some time, our first pick was Matic and second one was One we took great entry and exit points in both of this coins, next coin i want to add in my list is ENJ or Enjin, which is something definitely looks damn bullish and strongly holding support levels even against Bitcoin's price volatility.
now in the upper chart which is 3day candle chart, the first thing you see is the red support line which bulls strongly hold upto 6 months, this is the major line between bulls and bears, if prices goes below this than its really difficult to say where drop will hold the support
next is the green line the major short term support level we need to hold for the next rally any daily close below this will lead the drop towards the red line, so that's a good place to set your stops, right now this short term support is sitting around 0.075-0.077$ level
the horizontal white lines are small resistances where you need to take profits and cut your position, and the pink zone you see will be the first major resistance and after that the red zone is more likely the place where you expect a reversal, incase if prices breaks the red zone than 0.025$ could be the last extended stop for the rally.
at the bottom as you see 3 day RSI is clearly making a higher lows with prices forming lower lows formation, indicting for a strong bullish divergence.
here's the weekly view of ENJ, now the very first thing are the moving averages which you see in chart, clearly we made a successful weekly close above 55 and 21 wema which is a strong indication of a rally, plus bulls are strongly protecting 21 wema which is right now sitting around 0.075$, another major factor is my custom indicator which has just left the green and blue zone and strongly moving in the yellow zone, so clearly no sign of weak momentum, next thing to notice is the upper trend line you see connecting tops which is the key level we need to break to keep moving higher.
here's the daily chart which looks damn beautiful, notice that how perfectly prices hold the golden ratio fib618 level for almost 6 months, even when bitcoin is highly volatile ENJ keeps hold its position, and my custom indicator is showing that we've now moved in the red zone which is a strong signal of keep moving higher and making higher highs and keep breaking resistances.
alright, that's all for now guys, do hit like and follow us so that we keep bringing awesome new trading ideas for you so you guys keep cashing out with profits
like we already making with our premium family members;)
for any further queries check my profile or follow me on twitter
this is husain zabir signing out
thankyou...
now in the upper chart which is 3day candle chart, the first thing you see is the red support line which bulls strongly hold upto 6 months, this is the major line between bulls and bears, if prices goes below this than its really difficult to say where drop will hold the support
next is the green line the major short term support level we need to hold for the next rally any daily close below this will lead the drop towards the red line, so that's a good place to set your stops, right now this short term support is sitting around 0.075-0.077$ level
the horizontal white lines are small resistances where you need to take profits and cut your position, and the pink zone you see will be the first major resistance and after that the red zone is more likely the place where you expect a reversal, incase if prices breaks the red zone than 0.025$ could be the last extended stop for the rally.
at the bottom as you see 3 day RSI is clearly making a higher lows with prices forming lower lows formation, indicting for a strong bullish divergence.
here's the weekly view of ENJ, now the very first thing are the moving averages which you see in chart, clearly we made a successful weekly close above 55 and 21 wema which is a strong indication of a rally, plus bulls are strongly protecting 21 wema which is right now sitting around 0.075$, another major factor is my custom indicator which has just left the green and blue zone and strongly moving in the yellow zone, so clearly no sign of weak momentum, next thing to notice is the upper trend line you see connecting tops which is the key level we need to break to keep moving higher.
here's the daily chart which looks damn beautiful, notice that how perfectly prices hold the golden ratio fib618 level for almost 6 months, even when bitcoin is highly volatile ENJ keeps hold its position, and my custom indicator is showing that we've now moved in the red zone which is a strong signal of keep moving higher and making higher highs and keep breaking resistances.
alright, that's all for now guys, do hit like and follow us so that we keep bringing awesome new trading ideas for you so you guys keep cashing out with profits
like we already making with our premium family members;)
for any further queries check my profile or follow me on twitter
this is husain zabir signing out
thankyou...
Note
I could be too early in ENJ but still technicals looks bullish in higher degree chart, so i would hold my position
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.