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ENJ

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.
Long
by Occamstock
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
Long
by UnknownUnicorn2706281
ENJ coin revving up?Enjin has a symmetrical triangle forming overall. Currently the price is consolidating and that confirms a potential triple top within the triangle. Potential price movements have been plotted in green and potential bear bounces off of resistance are in red. StochasticRSI is indicating a bullish divergence. Currently at ~62. A bounce before 80 will help to signal the triple top pattern is forming. Volume shows there is selling pressure and we are bearish after the long rally we see in the past 2 hours. Price will most likely continue to consolidate until it reaches the .382 or .236 fib levels. Watch for a break to the upside of the triangle, if the volume becomes bullish within the next few hours
by SpektreSignal
2
ENJBTC - Impending bounce off the .618 or .768 fib extThanks to a mate for this tip! FA wise, I'm super bullish on ENJ. Safe Entry: Above the -.618 with a candle close confirmation of a reversal. Stop loss: below previously defined support Target: .618 as it is traditionally a hard to break resistance. RSI 30, oversold MACD just about to crossover. No confirmation yet! My customized settings stop false flags more often than the regular MACD indicator. Chande Momentum indicator shows a very strong bearish movement. I strongly believe this is the perfect entry: a further breakdown of price will hit a stop loss and ENJBTC can be bought in the future. Hitting lower levels is very possible at this rate so I would suggest staggering your entries. Black dashed lines indicate previous lows, where we could be headed. Be safe out there! Happy trails!
by NeoButane
1