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
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.
Breakout + Retest Confirmed!More than a month ago, ENJBTC broke out of a long bearish trend on the weekly chart.
Today i can finally say, ENJBTC had a successful retest with a higher high.
Moreover, ENJBTC also broke through the 100 MA to the upside.
If all goes according to plan, the next major resistance lies around 2500 sats. If we break that, the total price target is around ATH.
Ultimately, I doubt this will actually play out, but who knows...
You gotta believe!
ENJ/USDT Chart 15/03The previous chart looked silly enough, but it worked and it looks even sillier now ahah
How long is this thing gonna keep following a similar pattern?
The trend has been bullish since the start of March and I think it would be healthy for it to slow down a little.
However, after March 12th breakout there was a retest of the previous high (around 1.94) and it looks like we found support there.
If the trend is going to repeat we could see a test around 2.51 (or even lower to the previous high of 2.19) but the general sentiment is pretty positive and we may be set for further growth.
If on March 18th we'll see a 3.5 or above this thing is broken - hope not lol
ENJUSDTAs the Bitcoin dump is happening, this weak 40% move up for ENJ is considered a strong breakout.
But it's still weak because it stuck around the resistance for the past few hours... it might be consolidating but you have to be cautious because today is a risky day overall.
Wait until the market calms down, wait for 1D closures.
Don't jump into every trade for now.
ENJUSDT To the moon!!ENJUSDT (4H CHART) Technical Analysis Update
Waiting for the Ascending Channel
ENJ/USDT currently trading at $2.41
Long Entry-level: Only buy after the ascending channel breakout. (above 2.60 level)
Stop loss: I will update once I see the breakout
Target 1: $3.00
Target 2: $4.00
Target 3: $5.00
Target 3: $7.00
Max Levrage :2x
ALWAYS KEEP STOP LOSS...
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🔥 ENJ Potential Bull Flag Break-OutENJ has seen some tremendous gains over the last couple of weeks. After a bullish break-out of the last bull flag last week, ENJ has produced another bull flag over the last few days. With the current bullish pressure, ENJ might very well break-out from said flag and continue its path upward.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on round numbers, 2.4 and 2.6 respectively. Do your own due diligence.
Happy trading!
ENJUSDT Hello to you all. Mars Signals team wishes you high profits at all times.
ENJ is an NFT token which has had a good growth and now it is ready to grow more. It is in a bullish triangle and if it is able to break the triangle line, it can see higher prices where we have shown the TPs for you on the chart.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
ENJ/USDT Chart 12/03Looks like a silly chart structure but who knows lol.
Value growth has been following a similar-looking pattern twice already, and right now it may be half-way to have a third one.
If it does, the value could reach 2.32 or so, then followed by a small retracement around previous high at 1.94.
Let's see
ENJUSDT Bull Run Will Continue! ENJUSDT (1H CHART) Technical Analysis Update
Waiting for the Flag Pattern breakout
ENJ/USDT currently trading at $1.66
Buy-level: only enter after flag pattern Breakout ($1.67- $1.70)
Stop loss: I will update once I see the breakout
Target 1: $1.88
Target 2: $2.00
Target 3: $2.20
Target 4: $2.50
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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ENJUSDT Hello to you all. Mars Signals team wishes you high profits at all times.
The price has formed a head-and-shoulders pattern. Now we expect the price to go toward its entry zone and then resume its pattern. If the price breaks the entry zone and move toward the Stop Loss, then our scenario is failed.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!