ENJIN- Intraday Chart 💹🌐Hello everyone,
market is bullish and might as well remain that way until fundamentals kick in (I expect GDP on the 28th and not so much rate hike on the 27th to slow things down).
For the time being I want to protect my Long positions from the past 3 weeks, it's going great but hedging might be needed today.
here is the chart, use it as you know best.
One Love,
the FXPROFESSOR
Enjin
ENJIN- Chart of the DayPotential Breakout and looking to repeat the success we have had recently with :
Matic: (look how many good entries we posted before the Pump)
Fantom: (picked today's winner at a perfect entry again)
AAVE:
It's the way my trading is designed, always hedged, always looking for breakouts and always monitoring the developments in the market.....
oh, and always taking some profit before it reverses while keeping some of the position open in case of further rise.
One Love,
the FXPROFESSOR
🕹️ ENJIN - Updated LevelsUpdated Professor chart on ENJIN.
0.564 is Resistance. Will the price be able to breach higher and off to 0.743 or will it need to dip a bit lower and check support?
Well...it depends on Bitcoin. Let's not FOMO and take it easy now.
I am taking some profit and waiting a bit.
One Love,
the FXPROFESSOR
ENJ - Powerbank is empty⚡ Reasons to take short:
⭐️ BTC bearish
⭐️ Trendline 9 days long
⭐️ Trendline is clean
⭐️ Buyer failed to update high
⭐️ Buying volume is decreasing
⭐️ Price is squeezing to the trendline
⭐️ 5th touch
⭐️ 60 ATR, coin at high
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
🕹️ ENJIN - Breakout Can Continue 🍊ENJIN is a project we like a lot.
The market has taken a huge beating but some Teams seem to be working endlessly and this can reult in profits in the future. ENJIN is one of them.
NEWS:
Enjin to Launch a Beta Tester Program for Enjin Wallet 2.0 :
Developers from Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products, have been developing a new version of the Enijn wallet, known as Enjin Wallet 2.0. Now, it appears that the wallet is approaching its launch, but before the team can release it, it first needs to put it through a beta tester program.
According to their recent announcement, the team is looking for experts who would join the tester program to check out the wallet, report on potential flaws, and generally help make the product better by providing feedback based on its current performance.
What is new in Enjin Wallet 2.0?
According to the team, the new wallet will offer a number of exciting new features. Not only that but it will be supported by top blockchains and NFTs. Some of the new features that testers and later users can expect include multi-chain support, dark mode, as well as a brand new dApp browser.
The team also stressed that these are only the features that will be available initially, right after the full launch. In time, they also plan to introduce a number of new things, although they did not specify which ones or when.
As for the supported blockchains that the wallet will support, those will include Bitcoin, Ethereum, Enjin, Litecoin, Dogecoin, Binance, Polkadot, Kusama, Acala, and Karura.
Apart from the mentioned features, Enjin Wallet 2.0 is also expected to come with some advanced improvements and features, such as the fingerprint scanner for greater security; custom fees and limits, import and sweep feature, auto-add tokens feature, support for over 25 languages, as well as the local currency where users can view the balance in their native currency, for an easier funds management.
Also: How Will Xchange Monster (MXCH) Impact The Gamefi Industry Along with Enjin (ENJ)?
Xchange Monster ( MXCH) is a fully-regulated platform by FINMA, one of the most recognised regulators in Switzerland.
One Love,
the FXPROFESSOR
ENJ/USDT: Key support tested - Direct rise expected---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
ENJ/USDT: Key support tested - Direct rise expected
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets ENJ suffered about negative global market situation.
- However we are focus on a direct rise now on this coin and we expect a fast and quick recovery regarding technical elements provided by the interpretation of the Elliott waves and bullish divergence on RSI
Market configuration
- Graphical Elements :
Graphical Resistance = 1,37 & 4,00
Graphical Support = 0,38 & 0,22
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market at 0,74 = Bearish
RSI indicator (below) is bouncing off key support with divergence = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C (B) has been already reached = 0,38
Fibonacci resistance of the wave in progress = 0,74
Fibonacci support of the wave (c) (B) (max extension) = 0,22
Fibonacci Bullish Target = 1,37
Conclusion
Preferred case => Regarding the mid-term element, ENJ is offering the perfect entry area for DCA or short-term recovery as long as 0,38 remains a support area valid, a break above 0,74 will confirm a rise to 1,37
Alternative cae => breaking below 0,38 - direct drop to 0,22
ENJIN - Time for a Proper Rebound?Could be.
Professor is Bullish at the moment but with care.
Check our other posts today for more info:
FEDS have spoken and our sentiment is that a rebound could now continue.
Powell mentioned recession a bit more than i expected but the statement is more Dovish and i hope that the markets can see this in a positive way.
I am going Long with care and ENJIN is one of the assets I like to Buy.
One Love,
the FXPROFESSOR
BUY on Trendline SupportENJ and many altcoins was recently oversold in our RSI and hit Trendline Support. I think this is a high possibility to bounce in this area and hit TP before squeezing its way to what ever direction. Trade Safely.
ENJ/USDT BUYING SETUPENJ rejection after hit resistance bullish flag trendline , and also any inverted head and shoulders pattern now correction to make right shoulders IHNS will valid if rejection not breakdown the support
potential breakout and continue upward movement
Buy zone : 0.635 - 0.585 - 0.5
Target : 0.7 - 0.744 - 0.784 - 0.837 - 0.904
Stop : 0.47
ENJUSDT Long Setup!ENJUSDT Technical analysis update
ENJUSDT currently trading at $0.69
Buy level: Above $0.725 (only buy after the price breakout)
Stop loss: we will update once we see the breakout
Resistance 1 : $0.78
Resistance 2 : $0.86
Resistance 3 : $0.92
Resistance 4 : $1.00
Always keep stop loss.
Thanks
Hexa
BUYING ENJ/USDT (SWING)$ENJ has hit support and make a strong rejection , Consolidation movement we can swing in this situation .
in lower time frame potential make a IHNS pattern
Indicator like RSI and stochastic showing oversold , we can setup entry
Buy zone : 0.666 - 0.646 - 0.625
Target : 0.695 - 0.712 - 0.742 - 0.774 - 0.876
Stop : 0.6
ENJIN COIN WARMING UP ITS ENGINESGood morning all
We will be looking at the ENJ/USDT pair this time around
Lets begin!
In our previious analysis we pointed out regions where price could bottom out for enjin coin, as shown below;
Price is trading at that level currently and we have ourselves a Regular flat correction in play judging by the price action.
In theory a regular flat has it's C wave to be 61.8%, 100%, or 123.6% of wave AB. So far we have a 100% retracement leaving us with our worst case scenario zone aligned with the 123.6% fib support level. That said, this is a very good buying opportunity (don't take my word for it)
Our targets for the 5th wave fall within the $12-$15 dollar range depending on where the bottom will be.
Past analysis linked below
PLEASE APPLY PROPER RISK MANAGEMENT!
If you agree with the idea, pls like, share, and comment your thoughts below.
As always, feedback is appreciated!
ENJ/usdt 1d - falling wedge📍the asset draws another wedge. Now it's too early to talk about the entrance, the figure is not drawn to the end. We have already taken profit on this asset when breaking through a large wedge.
Now we will act in a similar way: if it breaks up, you can buy.
If we go down, we will most likely enter a sideways movement at the level of $1.19.
🀄Watching
#ENJ / USDT #Signal @everyoneBuy zone in yellow range
Potential targets around green levels
Buy & Hold investment idea not day trade
Stop loss (if any) depends on your strategy so decide yourself
**Fair bit of fear and volatility in the market recently so remember your money management**
**Please like and sub for more simple no junk trade signals**
Enjin (ENJ) Buy ZoneEnjin (ENJ) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : Medium
Once again following risky our market condition, Enjin has retested to mid-term support of $1.3 zone before heading once again above our most important mid term level.
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$ENJ/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 1.295 - 1.265
TP 1 : 1.32
TP 2 : 1.36
TP 3 : 1.39
TP 4 : 1.415
TP 5 : 1.45
TP 6 : 1.49
TP 7 : 1.54
TP 8 : 1.61
Stop Loss : 1.24
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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🕹️ ENJIN - 1.94 is Key Resistance 🍊Our prediction for ENJIN has been for TOP-15:
ENJIN is now ranked at #73 but this could change fast.
The price should first rise to major resistance of 1.94 / where it will have the most crucial test at Key Resistance.
Time to start our ENJINS for good? Very likely YES!
One Love,
the FXPROFESSOR