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Enjin

ENJIN COIN (ENJ/USD) - Buy After The Breakout!On the Daily timeframe, the price has drawn a bullish continuation pattern called Falling Wedge. The continuation pattern is valid and active after the breakout. So, wait for a breakout confirmation on the Daily chart and the wait until the Daily candle gets a close above the pattern upper trendline. The target is pretty high, probably you should considering take out some partial profits on the next strongest resistance levels but the pattern target is around $0.4 Feel free to support my effort by hitting the "LIKE" button, it is my only fee from You! Have a nice weekend, Cheers!
BINANCE:ENJUSDLong
by VaidoVeek
6
ENJ/BTC - 4 Indicators Suggesting a Good Entry.Hello everyone! I hope you're well as usual, today I've discovered an interesting opportunity. Quick disclaimer: I'm not held accountable for anything you do if you use my charts as trading signals, or a source of financial advice. My posts are simply thoughts and opinions, as well as information that can help educate people or spark discussions. I'm excited to share with you my first post that isn't about BTC, but instead, an altcoin named ENJ, which is famous for partnering with Samsung. Here's 4 Indicators I found that maybe worth an entry, let me know what you guys think in the comments below. The list are as follows: 1. Last Support Line at 1988 sats 2. Falling Wedge 3. Level 19 Oversold RSI on the 4 hour chart 4. Risk Management: 4.47-1 trade 1. Support Line As you can see we've seem to hit the lowest level of support, and it's holding fairly strong as we speak. It doesn't look as strong as the others above it, but its the last one we've got, and if that fails we're looking at 1000 sats, back to its original sideways movement, worst case sceanario. I believe its important to to consider every possibility. I predict that we won't break the support because alts are currently bleeding right now while bitcoin is currently having its spotlight moment at 6100 USD. BTC will eventually need to retrace down a bit, thus giving alts time to catch up again, in theory. 2. Falling Wedge The support line isn't the only evidence to suggest we're bullish, we also have our 2nd indicator, the falling wedge. The falling wedge looks like its almost at the finish line, you can see its building up toward a bullish move. 3. RSI Up next, we have the most important thing of all, the oversold RSI at level 19. This chart is on the 4 hour so you can clearly see its been like this for a while, the volume is telling us that its seriously oversold, which never stays there for long, or shouldn't at least. When something is oversold, it quickly retraces back into to its comfort zone, which is at levels 30 to 70. At any moment, you can definitely expect a huge pump going vertically within a short span of time. 4. Risk Management Last but not least, we have our risk/reward management analysis tool. Risk management is above all else. We're looking at a 4.47-1 trade, you have to ask yourself, how much can it dip? We're almost touching the bottom at 1000 sats, there's really not much to lose, which is why the odds are in our favour, if you can find trades like that everyday, you'll be a billionaire. In conclusion, I personally think we're going to hold the support, and then climb its way back up over time, whether it reaches the resistance or not its still a good entry regardless, and that's the key of being a good trader, your wins and profits come from good entries, otherwise you're doing it wrong. Thank for your time ladies and gentlemen. Let me know what you guys think in the comments. Feel free to use my posts as an indicator for confirmation, or something you can use as a reference to your trades. Twitter: @cyber_stocks Discord: CyberStocks#9378 Feel free to support me, any help is appreciated. All funds will directly support my personal struggles, and most importantly, my mission of building an online brand :) BTC Donations: 1AuZiofHSqM5gV1ttxUddNovDhEtHgMUgA
Long
by CyberStocks
ENJBTCLooking at ENJ on the daily chart * Hitting location on the .618 fib * Nice double bottom * OBV showing a bullish div * Histogram showing a bullish div * Willy showing a bullish div * Low volume, so I would like to see the bulls step up and take control * Still a big notch in VPVR that needs filling in at some stage. I've all this is a very bullish chart and I like what I see * Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)
Long
by Cryptonite_trader
1