ENJ
ENJ waiting to complete that triangleWe are currently in a Descending Triangle and we are waiting for the pattern to be completed. If we break below because we don't have strong support, it would be possible to drop down near the 0.8$ range. It can be a good short position.
Like and share your ideas in the comments. Thanks
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 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.