ENJIN Prediction ENJ Looking to be in a classic Bull Pennant ATM. Watch for a pleasant 40% PAAAMMP to the $3.50 range. What do you think?
Enjincoin
ENJ SHORT OR LONGENJ deciding where to go
FIRST SCENARIO: Candle stick will beat the trendline, -- LONG
SECOND SCENARIO: Will break its support level - SHORT
Not a financial advice, just TA. Always set SL, Happy Trading!
ENJ* Possible good long entry setupHi,
Just another speculative setup, this time to ENJ, an NFT coin with some impressive gains YTD.
Fundamentals: NFT's are chili hot this year (ENJ no1 MktCap); Stimis are in delivery and perhaps this is not the top yet for the markets.
Trend: ENJ is the on a very bullish run, it as some retraces on the way up and the break up tends to be almost of the same size every time. For me it seems that its possible that we have an opportunity for a third inside bar pattern and a possible breakout and clean run higher with a nice risk reward ratio 3:1 (if the overall market supports).
*not an financial advise, just an idea to share.
Thanks
ENJThis one has already pumped quite a bit...would expect the purple box to fill.
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
$ENJ target 2.40Have been trading Enjin since January and the returns have been enormous. Patterns are very clear and it's therefore been quite easy to take profit and re-enter at lower prices.
$ENJ, one more leg up for now?We're in a very bullish altcoin-year and those who have invested a substantial amount of their funds since January have done really well. Many if not most of the altcoins have done five-baggers, ten-baggers or even more. Yet we all realize that nothing goes up forever. How to decide when to get out?
One of the indicators I follow is RSI. Once we see a continuous pattern of lower highs in the RSI, one has to be careful. $ENJ is showing such a pattern. The earlier chart I uploaded spoke of a target of 2.4 and I still stand by this, but the log charts shows that the strength is fading away. Does this mean we are coming to the end of the bull market for $ENJ? Not necessarily, but it does predict that we may be getting ready for a bigger correction and only based on the shape of that correction, we can decide whether we are at the end or about to start a new bull-run towards new highs.
ENJ/USDT Chart 15/03The previous chart looked silly enough, but it worked and it looks even sillier now ahah
How long is this thing gonna keep following a similar pattern?
The trend has been bullish since the start of March and I think it would be healthy for it to slow down a little.
However, after March 12th breakout there was a retest of the previous high (around 1.94) and it looks like we found support there.
If the trend is going to repeat we could see a test around 2.51 (or even lower to the previous high of 2.19) but the general sentiment is pretty positive and we may be set for further growth.
If on March 18th we'll see a 3.5 or above this thing is broken - hope not lol
More upside with EnjinEnjin Market Cap at the peak of 2017 was $400 million.
Right now its at $2B, only 5X.
The amount of innovation and the work that's been done in the Gaming/VR space since then + Partnerships + Covid tailwinds suggest there's way more upside in Enjin despite the reason parabolic moves.
Catalysts
- Jumpnet launch April 2021
- Efinity Launch 31 Dec 2021
Partnerships
- Microsoft Azure
- First gaming token approved in Japan
- Atari
ENJ/USDT Chart 12/03Looks like a silly chart structure but who knows lol.
Value growth has been following a similar-looking pattern twice already, and right now it may be half-way to have a third one.
If it does, the value could reach 2.32 or so, then followed by a small retracement around previous high at 1.94.
Let's see
ENJIN- The perfect executionPerfect execution (just look at first ideas) because:
- research showed fundamentals are STRONG
- we used the chart to buy in at the right time (resistance, breach, new support, boom)
Much obliged for your love and your likes.
ENJUSDT Bull Run Will Continue! ENJUSDT (1H CHART) Technical Analysis Update
Waiting for the Flag Pattern breakout
ENJ/USDT currently trading at $1.66
Buy-level: only enter after flag pattern Breakout ($1.67- $1.70)
Stop loss: I will update once I see the breakout
Target 1: $1.88
Target 2: $2.00
Target 3: $2.20
Target 4: $2.50
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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Enjin Coin is ready to be bought 17/02/2021
this ENJUSDT is ready to be longed
if 2 TP triggered then the 3 TP is for sure...
Enj-Usdt A perfect point to buy price will be up 5 usd rememberlong term opportunity to hold and buy ENJ
ENJ TO 5 USD
We buy technology first N FT
Breakout + Retest Confirmed!More than a month ago, ENJBTC broke out of a long bearish trend on the weekly chart.
Today i can finally say, ENJBTC had a successful retest with a higher high.
Moreover, ENJBTC also broke through the 100 MA to the upside.
If all goes according to plan, the next major resistance lies around 2500 sats. If we break that, the total price target is around ATH.
Ultimately, I doubt this will actually play out, but who knows...
You gotta believe!
ENJUSDT - Targeting 45% - 5x MarginENJUSDT had an amazing rally time to correct a little
- Targeting 45% for 15% dump that is incoming
- Only condition is that BTC remains below 50,600
<> This is Not a Financial Advise.
Enjin coin possible Elliot wave forming NFT HYPEHi Traders,
We are looking at the 4 hour graph of Enjin/USD
It could be possible that we have just seen the third wave of the Elliot Wave theory. Currently in a consolidation fase as we can see from the falling wedge, which is a healthy sign. If the Elliot Wave is indeed forming, we will see another move up.
Furthermore, the non fungible token (NFT) industry is very hyped now. Digital things are being sold as never before and it's getting quite some attention online.
Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.
If we are on the verge of a new hype which is here to stay, then buckle up. According to PWC, the gaming and esports sector has prospered during the pandemic with the market expected to grow 7% over the next four years.
This is not financial advice, I am not a financial advisor.
ENJ - Enjin Feb 2021 OutlookWhen researching an asset you want to know that it is viable. Actually doing something. Has a purpose. Is being used.
$ENJ ticks the boxes.
Jan 19 2021
Enjin Coin (ENJ) Approved by Japanese Finance Regulators; Will Be Listed on Coincheck Japan
Jan 26 2021
"Coincheck is one of Japan’s largest licensed cryptocurrency exchanges by trading volume. It is registered by the Financial Services Agency (FSA) and operated by Coincheck, Inc. Beginning January 26 at 12:00 pm, users can purchase ENJ with JPY and trade it with BTC via Coincheck. This listing follows Coincheck and Enjin’s partnership to bring non-fungible tokens (NFTs) to Minecraft, announced in September 2020. NFT compatibility is slated to be added to Enjin's Minecraft plugin, “EnjinCraft,” later this month, with select NFTs sold on Coincheck’s upcoming marketplace."
SOURCE
At the end of the article it states:
"Over 40 game developers and enterprises are using the Enjin Platform to issue NFTs, including Microsoft, Minecraft servers, and games for PlayStation, PC, iOS, and Android. Enjin’s tech is also being harnessed by companies like BMW and Samsung. As the number of projects and companies adopting Enjin increases, more ENJ will be locked in blockchain assets, thereby removing it from the market and increasing its scarcity."
Applying a repeated bar pattern lifted from Dec 2018 and 2019 there is an uncanny correlation. Both patterns suggest a $1 USD minimum by Feb 2021.
BULLISH
TP1: 0.95
TP2: $1.10
TP3: $1.35
TP4: $1.68
ENJIN- Buy again now or at 80 centsOur updated chat on Enjin.
Price is growing in a SUPER-HEALTHY manner, previosu resistance has been checked as a support BUT I would be buying again at 80 cents IF it drops there(major support is there and it has not been checked)
