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Enjincoin

DreamAnalysis | Key Triggers for ENJ Futures and Spot Trading✨ Welcome to today’s analysis! In this session, I will analyze Enjin Coin (ENJ) and review its key triggers in both futures and spot markets. The entire crypto market is currently in a significant zone, and how the price reacts here could set the direction for the coming months. 🧩 About ENJ and Its Role in Crypto Gaming If you’ve been involved in crypto gaming, you’ve likely heard of ENJ (Enjin Coin), but you might not know exactly what role it plays. Every game is built using a game engine, such as Frostbite or Unreal Engine, used in major games. However, these engines are complex and expensive, which makes them impractical for crypto projects. ✨ Enjin Coin provides a simpler, blockchain-specific game engine, which is why it has become one of the top projects in this space. It has even partnered with notable names like CoinMarketCap, Binance, and Atari. 🔍 Now that we know what Enjin Coin brings to the crypto space, let’s dive into the chart and explore important triggers. The analysis is conducted in the daily and 4-hour timeframes. 📅 Daily Timeframe Analysis On the daily chart, ENJ has been in a downtrend from its $0.6556 high, falling to the $0.13 support level. It has since entered a range-bound phase, moving between $0.13 and $0.1778 for the past two months. A confirmation of an uptrend could be seen if the price stabilizes above $0.1778, with RSI needing to break through 59.61 and market buying volume increasing to confirm bullish momentum. 📈 If the price breaks through $0.1778 or $0.2054, it would be a good opportunity for spot buying. Targets for this move would be $0.2645, $0.4098, and $0.6556. 📉 On the downside, if $0.13 support breaks (likely coinciding with RSI falling below 42.48), it’s advisable to activate stop-losses if you already hold ENJ. The next support below would be at $0.0921. ⏳ 4-Hour Timeframe Analysis In the 4-hour timeframe, ENJ is stuck in a long consolidation range, which limits the effectiveness of momentum indicators like RSI, so I won’t use it here. 🔼 The price recently broke above $0.1543 and is now pulling back towards this level. If the upward move continues, the next target would be $0.1658, with the final target at the top of the range near $0.1823. If you don’t have a position open, consider entering a long trade on a break above $0.1658. What’s encouraging here is that volume is increasing, signaling strength in the bullish move. 🔽 For a short position, a break below $0.1398 would be a suitable entry point. If the price confirms and holds below this zone, we could see a move toward the $0.13 support. The main short position would be triggered after a break below $0.13. 📝 Overall, I currently see a bullish momentum in the market for futures and prefer opening long positions. ❌Disclaimer This is not financial advice; it is merely my personal opinion on how the coin might move. Always conduct your own research before making any decisions.
Long
by DreamAnalysis
#ENJ Getting Ready for a Major Move | Key Levels to WatchYello, Paradisers! Are you ready for what could be a major move in the #ENJ market? Let's discuss the latest analysis of #EnjinCoin: 💎We’re seeing a strong potential for a bullish continuation from a critical support zone at $0.132. For those tracking #ENJUSDT, the setup looks promising—#EnjinCoin is showing signs of preparing for a bullish breakout from the descending channel formation, and it could take off soon. 💎Currently, #ENJ is following this descending channel pattern, and if a breakout occurs, we could see prices soar. The first key target after a breakout is the minor resistance at $0.232. If #ENJ manages to hold steady above $0.132, we might be on the verge of a significant rally. 💎In the past, we’ve seen similar setups lead to explosive moves, and a breakout above the critical $0.232 resistance could open the door to even higher resistance zones. 💎But let’s not forget—caution is crucial. If momentum weakens near this key demand zone, we could see a pullback to the lower demand area around $0.113. A daily close below $0.113 would invalidate this bullish setup and could lead to further declines. Stay focused, patient, and disciplined Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
Enjin Coin / ENJ analysisThe price of ENJ is $0.45 today with a 24hour trading volume of 202 million dollars. This represents a 9% price increase in the last 24 hours and a 88% price increase in the past 30 days. Enjin Coin is a cryptocurrency for virtual goods created by Enjin. Enjin is gaming community platform with over 250,000 gaming communities and 18 million registered gamers. The Enjin team is designing the coin completely around gaming with the goal of it being the most usable cryptocurrency for the industry. The project includes the Enjin Coin as well as a suite of software development kits that developers can integrate into their games and communities. Enjin partnered with some big companies last year, Samsung (keystone blockchain) , Microsoft (Azure Heros), Atari and Unity (games dev) and BMW (app). but now lets look at the chart,we have a GOD monthly candle which shows bulls turned on their engines and ready for higher levels now as you see enj is at its fist resistance 0.45 and trying to break it, if bulls manage to break it then the next target is 0.55 and 0.6
Long
by moonypto
7
ENJ/USDT on the Edge of a Major Bullish Reversal 👀🚀 Watch It 💎Paradisers, it's time to seize a golden trading opportunity with #EnjinCoin! Currently, there's a robust potential for a bullish turnaround from the key support level at $0.257. If #ENJ can hold steady here, we're likely to see a push upwards and break through the descending channel to reach our identified resistance targets. 💎If #ENJ fails and slides below the $0.257 mark, it might signal a deepening of the bearish trend and push it toward the next vital demand zone at $0.227—a level well-known for sparking strong recoveries due to its significant liquidity. 💎If #ENJUSDT revisits this lower demand zone, securing a bounce is crucial for maintaining its footing. Failure to do so could intensify bearish forces, worsen market sentiment, and lead to further price drops. 💎Stay sharp and ready to adapt, Paradisers! Your ParadiseTeam is meticulously tracking these movements and is ready to guide you through potentially profitable shifts in $ENJ. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise_Simon
2
ENJ looks bullishFirst of all, you should note that the time frame is large and time-consuming. When the diametric ended, we had a bullish wave and then it ended. We are now in the second wave. We expect another bullish wave from the green range. At the top of the chart we have a liquidity pool that is expected to be swept in the next bullish wave. Also, a 3D mode can be seen in big waves, where the price can create another bullish wave and complete this 3D. The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
1
Enjin to 16k Satoshi by August 2022This is a fun chart that I actually made into an NFT on the Enjin chain. The idea is simple. As you can see, ENJ is trapped in a certain zone. The future direction depends on where it breaks off towards. If ENJ breaks above the descending curve, then my prediction is at least 16k Satoshi by August 2022. It could take one of two paths up there. On the other hand, if it fails in the near term and breaks the zone downwards, then it would follow the curve down back into January 2021 levels. You can view this chart here .
Long
by TechNerdOmar
11
ENJ/USDT Bullish Reversal at Key Demand Level ?👀🚀 ENJ Analysis💎 Paradisers, take note of #ENJUSDT as it showcases a noteworthy pattern, securely positioned at an essential demand level, signaling the possibility of a bullish turn. 💎 In reviewing #ENJIN's recent movements, a pattern of descending to new lows has been observed, indicating a bearish trend. Yet, it's important to highlight that prior to this, ENJ was tracing an ascending channel pattern, from which it has recently deviated. 💎 This break presents an opportunity for a bullish reversal, especially since the price has now tapped into liquidity at the critical support level of $0.2529. Maintaining this level could spark a robust rally to challenge the existing supply. 💎 As experienced traders, we're prepared for various outcomes. If #ENJ does not achieve the anticipated bullish reversal, a push from a lower demand level at $0.2248 could be next in line. Nonetheless, falling beneath this level may indicate a deeper bearish trend is taking hold.
Long
by MyCryptoParadise
ENJ/USDT Ready for a Potential Bull Rally? 👀🚀ENJ Analysis💎 Paradisers, shift your attention to ENJUSDT, showcasing a significant setup in the demand zone, enhanced by a recent Market Structure Shift (MSS). This configuration implies a robust possibility for a bullish trend. 💎 In examining ENJ's pattern, EnjinCoin has demonstrated a consistent ability to break above its descending trendline, indicative of potential upward movements. It is currently facing a significant Bearish Order Block (OB) challenge, with steady momentum above the EMA100, targeting supply goals at $0.45. 💎 However, given the unpredictable nature of the crypto market, ENJ traders need to be equipped for a range of outcomes. Should the anticipated bullish surge not come to fruition, pivoting to a rebound strategy from the support level at $0.275 will be crucial. 💎 A descent below this support level would signal the need for a strategic adjustment, emphasizing the importance of reevaluating the bullish perspective and modifying trading strategies in response to market changes. 💎 Stay focused and strategically acute, Paradisers. Your ParadiseTeam is dedicated to providing you with insightful analysis and guidance, ensuring you make the most informed trading decisions in these dynamic market scenarios.
Long
by MyCryptoParadise_Simon
1
ENJUSDT Market Analysis: Bullish Prospects ahead or Not?💎Yello, Paradisers! It's time to focus on ENJUSDT as it presents an intriguing situation at its resistance point, poised for a potential bullish breakout from the Bullish Order Block (OB). 💎EnjinCoin has been tracing a descending trendline and is currently positioned at the lower end of this channel. There's a significant likelihood that ENJ will target the liquidity above in the supply zone. 💎Adding to the bullish sentiment is ENJ's consistent performance above the EMA100, lending further credibility to the optimistic outlook. 💎However, traders need to stay vigilant: a drop below the 0.2500 level could indicate a transition towards bearish conditions. It's essential to monitor these developments closely and make strategic decisions accordingly. 💎Enhance your trading tactics for ENJ with insights from ParadiseFamilyVIP. Dive into our detailed analyses on ENJ and other promising tokens to refine your approach in the crypto market.
Long
by MyCryptoParadise_Simon
1
ENJ Enjin Coin Price TargetBinance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion. The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"! The question arises: from where will these substantial funds be derived? One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%. Among the tokens impacted is ENJ Enjin Coin . I've set a short-term price target for ENJ Enjin Coin at $0.22. Looking forward to read your opinion about it!
Short
by TopgOptions
2
Enjin Coin next move? ?👀 🚀ENJ Today Analysis💎 ENJ/USDT is making fascinating strides as we observe a fair value gap and an upward imbalance, indicating potential bullish momentum. 💎 A retest of the trendline has been completed. If the price breaks this trendline, we could see a downward shift of approximately -12%. 💎 Currently, the price is forming an overlapping structure, and the RSI is indicating upward momentum this presents a promising trading opportunity 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon