ENJ/BTC UPDATELuckily the price wasn't quite moving. Seems , ENJ is ready for launch from this shitty triangle. FASTEN YOUR SEAT BELTS. 2k is our first target.
ENJ
ENJBTC30 min - BINANCE
RESISTANCE LINES:
Black - 1 day resistance
Orange - 4 Hour resistance
Red - 30 min resistance
SUPPORT LINES:
Blue - 4 Hour support
Green - 30 min
DIRENC CIZGILERI:
Siyah - 1 günlük direnc
Turuncu - 4 saatlik direnc
Kirmizi - 30 dakikalik direnc
DESTEK CIZGILERI:
Mavi - 4 saatlik destek
Yesil - 30 dakikalik destek
ENJ - Enjin coin - Breakout seems inevitable !!!I think ENJ is ready to make some moves and I am going to show you why.
Huge correction and downtrend since Jan. 12th
Sideways accumulation period for a month now.
Finally just pierced the 3 month descending triangle.
Let's look at the indicators close up:
RSI oversold a month ago, nonstop rise since, now at even distribution
MACD has been underwater since the 1st week of Feb.
Steady increasing momentum since, about to come back up for some fresh air.
My ENJ trading plan:
ENJ on Binance
Buy up to 1500
Target 1: 1725
Target 2: 1950
Stop Loss 1275
Rating 3 stars out of 5
Volume 760 btc
ENJ is waiting for a breakout!ENJ is also one of the promising coins in the market. This is only short term as we expect a little correction of Bitcoin and all altcoins with low volume can dump very easily. This trade can make you easily 20 and more percent !
Trade instruction:
BUY:
1420 - 1450
SELL:
1. 1560
2. 1630
Set SL around 10 % from buying price.
$ENJ clearing all resistance hurdles, breakout confirmedCould be a wild ride with a volume injection. If they announce the new exchange this evening and its a big one, 2000sats is not out of the question
ENJ pivot point; watching closely for directional trendI know I've got that chart tatted-up like an inmate, but these trend lines give us a good indication of what kind of support/resistance we're looking at moving forward. The mid-term support line I calculated seems to be holding up despite a good amount of sell pressure, and this incoming squeeze will test it further. With some momentum or a news catalyst I could really see this taking off any day now -- chart looks great from multiple frames.
$ENJ descending-wedge squeeze point (potential nearterm jump)It caught my eye with the jump this morning but I've been waiting for Enjin to get back in gear for a while now. This could be the start of long run but more likely potential is for a quick gain. I'll be looking into it more extensively but here's my initial assessment.
ENJ/BTCOne of the most popular multi-cur. wallets around, with a best API for sure .
70/30 the sell will continue , would recommend to sell now if you are playing short , but definetly a great project to invest for long.
Sudden breakthrough of 1650 satoshis might turn into a great opportunity for fast ~20%.
ENJ + UNITY PARTNERSHIP = TIME TO GET INENJ + UNITYPARTNERSHIP = TIME TO GET IN
Off of ENJ's twitter feed. "PRESS RELEASE: Enjin and Unity Technologies Advance True Item Ownership Through Asset Store Partnership"
With a 66.80% retracement from it's ATH for the past few months, ENJ posted 35% gains from it's new base support line for WAVE 1. ENJ retraced by 50% retracement from 1748 stats and has been dancing around sideways (although very extremely with following red and green candles.
Momentum showing on the 4 HR STOCH RSI showing it will break upwards
BUY-IN between 1479 - 1751 stats. . Stop loss at 1400 stats. T1 @ 2087 stats. T2 @ 2360 stats.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
Enjin Inverted Head and Shoulders Breakout Variation. I saw a chart by Thewolfofthedesert mentioning an inverted head and shoulders on enjin but have a slight variaton of my own. I do not count the downwards wick on the head because it was a random spike imo.
Thus my personal target would be around the green box between 17xx-18xx because of the length of the head.
His idea was the one who got me started:
ENJIN | ENJIN | BEST PROFITI think enjin will go up soon with support Triangle Pattern and MACD
Breakout incoming
Buy a fews and hold it
We can two zone Buy order :
(1) 1300 - 1380
(2) 1160 - 1200
Profit target
(1) 1680
(2) 2040
(3) 2420
(4) 2840
(5) 3300
Good luck Everyone
Thanks
