ENJUSDT Prediction If you've followed me for some time, you know my method is a little different from others, I'm using mostly pitchfork and pitch-fan and comparing relative market to each other to reach conclusion, that does not mean I'm a better technical person, but I have different perspective of market.
ENJ
Enj hype is still valid when BTC bottom at 50600It seems the NFT hype is valid even when bitcoin bottomed at 50600. It shows low/no influence of BTC price movement on ENJ.
-> Down from ATH -35%
-> RSI shows no oversold
-> Price consolidation at 1.9 - 2-1
A nice opportunity for entry at this price for those who wants believe NFT and their application.
ENJ/USDT towards a CUP pattern | Jump Net Launch. 1 DAY chart of ENJ/USDT is indicating to a cup pattern in upcoming days. ENJIN is launching JumpNet on April 6, JumpNet is a high-speed bridge network that will allow free, instant on-chain transactions of Enjin Coin and ERC-1155 tokens.
Before this event, we may see consolidation and strong support between $1.7 to $2.05. After the event, there are high possibility to see Volume increase in ENJ.
One more update is that after JumpNet, ENJ is going to launch Efinity. which is scheduled this year in 2021, Efinity is a decentralized blockchain for NFTs that will support next-generation token features and assets from any blockchain.
So, ENJ is worth investing for long term. My prediction for this coin by July end to cross value of $7.
🔥 ENJ Classic Bull Flag PatternAfter seeing amazing gains during the first half of March, ENJ has come to a halt recently. During this period of consolidation a bull-flag pattern has emerged. This morning, helped by Bitcoins resurgence, ENJ has broken out of the bull flag, potentially targeting a new ATH and beyond.
Happy trading!
$ENJ smudge more redAs eager as we are to get back to the pure sugary ride to ATH, we unfortunately have to pucker up and put up with the sourness of a bears for a little bit more. Looking at the RSI we continue to have lower lows and no sign of bullish divergence to signal trend reversal. I do think it is possible for us to hit as low $1.75, especially due to the market conditions with ETH/BTC are really testing their support lines.
'Would love to read your discussions.
Enjin (ENJ) Touching Support! Falling or 250%-600% Returns? We are touching the 385 of the weekly leg and touching daily support. We need to wait for confirmations prior to entering or see a fall to the 61% fib (1.32) or even the 88% if that fails.
GOOD LUCK AND BE SAFE!! not financial advice but use proper risk guys!! DOnt yolo gamble money
A breakout is imminentENJIN accumulation is still in the process. Uptrend holds strong. There is so much room for further growth. About 20% of new purchases are not stored on exchange accounts but withdrawn to wallets, which means people buy this coin for utilization towards NFT creation or purchasing gaming items like clothes, weapons, tools.
ENJ 12h Do you still have the strength to grow?Two months have passed since the publication of the previous idea of ENJ
And here's how it worked:
As we expected, the absolute maximum of the ENJUSDT price in the region of $0.48 was not updated from the first try.
There was a drop to $0.29, a consolidation and from the second time they were able to break through and gain a foothold above $0.48
And then we have uncorrected growth. A small consolidation was near the level of $1.25, which was the first target of profit fixing for us.
Probably one of the main factors behind this growth was the fact that Enjin Coin is an NFT token. And NFT tokens are now trying to hype no worse than Defi projects almost like a year ago.
Now the critical level is $2.90
Fixing the ENJUSD price above this level will open the way for another upward impulse to $4.00-4.10
If sellers are activated right now, then a sharp drop in price by -50% to $1.25 is possible.
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ENJ/USDT Chart 18/03It's getting embarassing lol
I truly hope it won't follow the same path again, otherwise it'd be quite ridiculous imho
Anyway, if we manage to find support at 2.519 and hold it, then further growth is plausible.
In that case, basing on this 4-times-right pattern we could expect it to visit the 3.51 area and get rejected to the previous high around 2.9
I am starting to feel sorry about posting this ahah
Is fifth time a charm?
ENJIN COIN SATOSHI ANALYSE My analyse and guide on following enjin for the upcoming period of time.
ENJ is one of my favourite cryptocurrencies and I believe we can continue up for sometime as long as BITCOIN remains strong and above 57k.
A sudden strong drop of BITCOIN would invalidate the analyse and a break of the support + last point would also change the bias of this pair.
$ENJ Needs to cool downIt's always good for crypto to take a step back and breathe. Alt coin season is upon us so there will be more gains to be made, but only if we do so responsibly.
Throwing this idea out to the community in hopes to get some feedback.
Disclaimer:
Not a financial advisor, invest at you own risk.