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Enjanalysis

#ENJ (SPOT) entry range( 0.1390- 0.1690) T.(0.3380) SL(0.1272)BINANCE:ENJUSDT entry range ( 0.1390- 0.1690) Target1 (0.2599) - Target2 (0.3380) 1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. SL .1D close below (0.1272) *** collect the coin slowly in the entry range *** *** No FOMO - No Rush , it is a long journey *** **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #CLV #RIF ENJ ****
Long
by Crypto_alphabit
2
ENJUSDT.1DAnalyzing the ENJ/USDT daily chart, several key technical elements stand out, offering a detailed perspective on the current market conditions and potential future movements. Technical Analysis Observations: Support and Resistance Levels (S1, R1, R2): Support Level 1 (S1): At approximately $0.1351, this level has been tested multiple times and has held as a significant support. A break below this could signal further downside. Resistance Level 1 (R1): Located at $0.2696, this level represents the immediate resistance and a potential target for any bullish correction. Resistance Level 2 (R2): At $0.3995, this higher resistance level marks a more substantial recovery target if the price can break above R1. Trend Indicators: The green trendline, slightly ascending, has been serving as a support line. Its validity and strength will be tested if the price continues to hover near it. The descending red arrows indicate the overall bearish trend that has been dominating the price action recently. RSI (Relative Strength Index): The RSI stands at 21.52, indicating that the asset is heavily oversold. This suggests that a potential reversal or at least a consolidation phase might be on the horizon as buyers look to capitalize on the undervalued conditions. MACD (Moving Average Convergence Divergence): The MACD lines are below the signal line, and the histogram indicates ongoing bearish momentum. However, the MACD's flatlining suggests that bearish momentum might be weakening, potentially setting the stage for a reversal. Conclusion: The ENJ/USDT pair is currently navigating through a critical phase. The strong support at $0.1351 is a key level to watch. Given the heavily oversold condition indicated by the RSI, a short-term rebound might be in play. However, the overall bearish sentiment underscored by the MACD means that any bullish moves could be limited unless accompanied by significant volume and momentum changes. For a more secure entry, I would look for a confirmation of reversal signs, such as a bullish divergence in the RSI or a bullish crossover in the MACD. If the price manages to break above the immediate resistance at $0.2696, it could open the door for a move towards the higher resistance at $0.3995. Conversely, a decisive break below $0.1351 would suggest further downside, necessitating close monitoring of price action for new support levels. As always, prudent risk management is essential. Setting stop-loss orders below key support levels and targeting profits near established resistance levels can help manage potential risks and optimize gains in such a volatile market environment.
Long
by MarsSignals
ENJUSDT.1DHere is my professional analysis of the ENJ/USDT daily chart: The chart displays a long-term overview of Enjin Coin against USDT, showing significant volatility with notable high and low points. The current price of ENJ is around $0.2509, close to its recent lows, indicating a potential oversold situation. Support and Resistance Levels: The chart shows a clear support level at $0.2498 (S1), which is slightly below the current price. This support level has been tested multiple times, suggesting it's a strong level for potential rebounds. The resistance levels are marked at $0.4011 (R1) and $0.4762 (R2). For a bullish trend, ENJ would need to break past these resistance levels, which could indicate a significant shift in market sentiment. Trend Analysis: The downward trend from the peak earlier in the year suggests a bearish sentiment in the market. The current price is at the lower end of the spectrum, which could either mean a continuation of the bear trend or a potential reversal if it holds the support at $0.2498. Trading Strategy: Given the proximity to the support level, traders might consider this a buying opportunity, preparing for a potential bounce back towards the first resistance level at $0.4011. However, a break below the support at $0.2498 could lead to further declines, possibly establishing new lows. Risk Management: It's crucial to set stop-loss orders just below the support level to minimize potential losses should the market move against your position. This approach ensures that you are prepared for both a potential upside rebound and a continuation of the downtrend. In conclusion, the ENJ/USDT pair presents a risky but potentially rewarding setup. With strong support close to the current trading price, there's an opportunity for a rebound. However, the prevailing bearish trend and potential for breaking new lows should make traders cautious. As always, keeping an eye on volume and other market indicators will provide additional clues as to the strength of the current levels.
by MarsSignals
2
ENJ/USDT 1HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ENJ/USDT analysis. I have tried my best to bring the best possible outcome to this chart. Hello Everyone ENJ/USDT is making this bullish expanding Triangle pattern. and retest the green zone Entry: $1.42- $ 1.44 Targets- $1.5170 - $1.58- $1.625 - $1.69 - $1.7360 Stop Loss: $1.35 with leverage:- 5x to 10x Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
ENJ/USDT 2HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ENJ/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:-ENJ/USDT cup and handle create look bullish trend and CMP buy fast Entry:- CMP and buy the green zone Traget:-35% TO 40% Stop loss:- $1.65 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
3
ENJ/USDT 4HOUR UPDATEWelcome to this quick ENJ/USDT analysis. I have tried my best to bring the best possible outcome me in this chart. Reason of trade :- ENJ/USDT is triangle pattern create conform and retest BUY the green zone. Entry:-CMP and buy green zone Traget:-30% to 40% Stop loss :- $3.44 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native languages. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
ENJ/USDT 4HOUR UPDATEWelcome to this quick ENJ/USDT analysis. I have tried my best to bring the best possible outcome me in this chart. Reason of trade :- ENJ/USDT cup and handle pattern confirm retest buy the dip and green zone Entry:- CMP and buy green zone Traget:- 40% to 50% Stoploss:-21moving average downside candle close Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native languages Do hit the like button if you like it and share your charts in the comments section. Thank you..
Long
by CryptoSanders9563