ENJ BUY/LONG INCOMING! 1.20 to POTENTIALLY 7.00! Company Name: Enjin
Industry: CrytoCurrency | Blockchain
Technical Analysis
1. Large Flag / Pennant (Forming)
2. Fibonacci Retracement at 0.785 (Silver Zone)
3. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
Entry: NOT READY
Entry Price: 1.20-1.25
1st SAFE Partial Take Profit: 4.7500
2nd Partial Take Profit: 7.0000
EXPECTED Take Profit in June-August 2021
Enjincoin
ENJIN looking to complete H&S form before heading to the upside?Good evening friends today we are going to look at Enjin, I have been following Enjin since it's big initial pump back in April.
We can see that Enjin is almost done forming a head and shoulder form. Head and shoulder position is usually a selling indicator, but when its done forming I assume it will hit 3+ USD afterwards.
I think it will hit below the support line to establish the forming of the Head and Shoulder before continuing towards the upside!
What do you guys think? I'm always looking for input and other opinions!
If you found the Analysis helpful please like and consider following me!
Have a great day!
ENJUSDT Waiting for the breakoutENJUSDT (4H Chart) Technical Analysis Update
Waiting for the Resistance zone breakout
ENJ/USDT currently trading at $2.81
Buy-level: Above 2.90$ (only buy if 4h candle closes above 2.90$)
Stop loss: $2.47
Target 1: $3.15
Target 2: $3.27
Target 3: $3.55
Target 4: $3.85
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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ENJUSD - FANTASTIC UPTREND🚀🚀ENJIN COIN
ENJUSDT BUY/LONG
For Spot and Futures Traders
Entry - $2.73 or market price
Tp1 - $2.9
Tp3 - $3.0
Stop loss - $2.50
Choose your leverage
Apply risk management
As we can see, price was formerly in downtrend. Price broke through successfully with a new uptrend in play.
Therefore I expect price to go long to $2.98 in the next seven (7) hours and to come down to $2.770 before it continues to go up.
What do you think?
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ENJ to continue uptrend +20%The Enjin Coin has already recovered some of the losses from the recent correction and the general altcoin setup looks favourable.
We’ve asked Hybrid Intelligence the following question:
“The cryptocurrency Enjin Coin (ENJ/USDT) settled at 2.68660 USDT at 10:18 AM UTC at the binance exchange on Friday, April 30. In your opinion, will ENJ/USDT trade above 3.22392 USDT (+20.0%) at any time before May 15?”
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Assurance: 81%
This is a very bullish sign — Hybrid Intelligence expects the uptrend to continue.
The price target is below the recent all-time high of $4. So the outcome doesn’t depend on breaking through untested resistance levels.
LONG on $ENJTechnical Analysis:
Currently seeing a bullish divergence on the MACD (Moving Average Convergence Detector) as well as the KST (Know Sure Thing).
The levels on the Stochastic RSI (Relative Strength Index) are above 32 (65.0344 at the time of writing) and I can see that a double Frying Pan + Jay Hook has formed on Enjin Token after a calming of the initial storm.
I believe we will see another run up of a high-profit trade on this token as it continues to gain traction.
Fundamental Analysis:
Enjin Token is an Ethereum based (ERC-20) token that solves the problem of NFTs with a new standard called ERC-1155 which is a next generation smart contract that can be used for tokens and NFTs (Non-Fungible Tokens) simultaneously
"ERC-1155 is the only token standard that enables you to create every type of asset, from currency and real estate to digital art and gaming items." - From Enjin Token documentation
Fundamentally this solves a lot of problems with the current state of blockchain as well as having a Java, GoDot (An open-source game engine for 2D and 3D games), and Unity SDK.
They also have developed a wallet software for smartphones (Android and IOS).
On top of all of this great development they also offer a GraphQL API that is extensible and can be used to interact with and query the Enjin Token network.
Side Notes:
Enjin token solves many problems currently in blockchain and I personally value it much higher than the current market price. There is a real potential for many new utilities and software to be developed on this platform that have many real-world applications.
Have a nice day and happy trading!
ARE YOU READY FOR 55K+ ?ARE YOU READY FOR 55K+?
@ down trend are the best tool for whales to pump the trend, every good increase made from down trend.