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Enjincoin

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
Long
by Traquino
$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.
BINANCE:ENJUSDLong
by Birdseye88
2
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
by RollingBoat
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... Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Long
by GreenCryptoTrades
10
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.
ELong
by Aroundthesun
6