ENJ - Enjin Feb 2021 OutlookWhen researching an asset you want to know that it is viable. Actually doing something. Has a purpose. Is being used.
$ENJ ticks the boxes.
Jan 19 2021
Enjin Coin (ENJ) Approved by Japanese Finance Regulators; Will Be Listed on Coincheck Japan
Jan 26 2021
"Coincheck is one of Japan’s largest licensed cryptocurrency exchanges by trading volume. It is registered by the Financial Services Agency (FSA) and operated by Coincheck, Inc. Beginning January 26 at 12:00 pm, users can purchase ENJ with JPY and trade it with BTC via Coincheck. This listing follows Coincheck and Enjin’s partnership to bring non-fungible tokens (NFTs) to Minecraft, announced in September 2020. NFT compatibility is slated to be added to Enjin's Minecraft plugin, “EnjinCraft,” later this month, with select NFTs sold on Coincheck’s upcoming marketplace."
SOURCE
At the end of the article it states:
"Over 40 game developers and enterprises are using the Enjin Platform to issue NFTs, including Microsoft, Minecraft servers, and games for PlayStation, PC, iOS, and Android. Enjin’s tech is also being harnessed by companies like BMW and Samsung. As the number of projects and companies adopting Enjin increases, more ENJ will be locked in blockchain assets, thereby removing it from the market and increasing its scarcity."
Applying a repeated bar pattern lifted from Dec 2018 and 2019 there is an uncanny correlation. Both patterns suggest a $1 USD minimum by Feb 2021.
BULLISH
TP1: 0.95
TP2: $1.10
TP3: $1.35
TP4: $1.68
ENJ
ENJ USD one of the few tokens worth your timeA fantastic project constantly in development with real world use.
I think there is still time for entry just below current price.
Dashed white lines are my take profit
Dynamic RSI Zones indicator by Cryptorhythms
DRSI settings
RSI 14
Overbought Decay 60
OversoldDecay 60
TF 3D
t.me
For more information join the CryptoRhythms Telegram group and tell them Flinty sent you
ENJUSDT - looks strongerlooks stronger than the market!
- accumulation
- key level
- global uptrend
- locally uptrend
-buy after break out
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ENJ Enjin Coin Binance 20 days to Double BubbleEnjin looks to be forming a typical W pattern. Target is from the base of the W to the neckline (middle of the W)
We measure this distance and then project it from the top of the right hand side W to give out target area
2254. Give or take 50 satoshi.
With Binance promoting Enjin in March, NFTs. It should hit above target.
Obviously, not financial advice, just for fun.
ENJUSDT (ENJIN COIN) - BUY ENTRY ANALYSIS 🔎
- ENJUSDT brokeout above the symmetrical triangle's inclined resistance.
- Price action is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Aggressive entry (risky) : market price (now).
- Conservative entry : breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
ENJUSDT (ENJIN COIN) - UPTREND CONTINUATION ANALYSIS 🔎
- ENJUSDT got rejected off the ascending channel resistance.
- The market then retraced for a retest of the ascending channel support and 0.618 fibonacci retracement level.
- The retracement is resisted by the descending trendline resistance.
- There's an uptrend continuation possibility.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support.
ENJUSDT - hold coin strong project / with a great future.
about ENJ
We're building a product ecosystem that will help humanity create advanced virtual economies through the power of blockchain technology.
We’re a fully distributed team spread across five continents and a dozen countries—unified by a mission to build futuristic, world-class products.
🔥 ENJ Recovery TradeENJ, like all other crypto's, is slowly crawling out of yesterdays dump. ENJ is one of the more bullish coins of the past week, but the recovery is slightly lacking thus far. This trade is based on the idea that the speed of the recovery will pick up soon, potentially hitting the last high around 0.66.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
Who freaked out on Enjin Coin's drop?Warning: our thoughts are ours; not financial advice.
It's normal to freak out, especially when you are always focused on the smaller timeframe.
We only make decisions on the bigger picture.
No matter what happens, the daily candle close is what matters most.
We saw a low of 44 cents at the early hours of today. However, the price still trades within the channel.
How bad can this go? Maybe 40 cents. We'll be stacking up even more at this point.