Enjincoin
Enjin Coin (ENJUSDT/ENJBTC) Long & Short Trade Setups 2021/03/05Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $0.80-0.90 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ $1.5, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
ENJ Long Term TrendEnjin Coin has had a solid long term uptrend building since late 2017.
It faced huge drops of between 95-50% in a year which are consistent with many other altcoins.
It pumped early and pumped hard this bull market.
Many traders will be taking profits right now. Some bagging the 500% gain from the past quarter.
If I were to enter I would wait for a dip below the upper channel. Which may or may not come after it loses steam from the breakout.
Bitcoin appears to be about to take another leg up, so I wouldn't be betting against this market.
However, I do think that capital would be better placed in tokens that haven't just run +500% to the upside.
The safest time to get on a rocket is before it takes off.
Support and Resistance on ENJHi Folks.
First time I've published an idea ... been tracking this chart for a while.
Given upcoming news about to drop, we could soon break through 1675 sats. After that I am looking for some resistance at 2240 sats (or around about 1.10 USD). But if ENJ really is providing a scaling solution on Ethereum... who knows where this could go?!
Not financial advice. Thoughts, suggestions welcome.
ENJUSDT - looks strongerlooks stronger than the market!
- accumulation
- key level
- global uptrend
- locally uptrend
-buy after break out
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ENJIN- 120% Higher since our Feb 23rd postOur research seems to be paying dividends again.
ENJIN has been under our monitor but we had to wait to buy it right on support..
Which we did perfectly on FB 23rd
Much obliged,
the FXPROFESSOR
💡Don't miss the great buy opportunity in ENJBTC @enjinTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00000860).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ENJBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.00001370
TP2= @ 0.00001620
TP3= @ 0.00001970
TP4= @ 0.00002290
TP5= @ 0.00002560
SL= Break below S2
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💡Don't miss the great buy opportunity in ENJBTC @enjinTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00000860).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ENJBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.00001370
TP2= @ 0.00001620
TP3= @ 0.00001970
TP4= @ 0.00002290
TP5= @ 0.00002560
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
🕹️ ENJIN = Great coin, time to buy some 🍊This is a great project that I had been waiting for weeks to find an opportunity to buy some.
Cryptos are dropping and as you can see from my previous ideas I am short on Ethereum and Bitcoin, BCH and others at this moment which has been creating a 'new budget' to buy into more coins I like.
ENJIN has been 'approved' and being used by Microsoft , Labs group , Samsung and others.. probably many will follow
Enjin Network is a social gaming platform where users can create websites, chat, and host virtual item stores. The network has played a great role in interconnecting users, especially in the current social distancing climate.
Oh, i forgot to mention that Enjin has Received Regulatory Approval in Japan 🎎
Technically: Finally on support= Time for me to BUY
ENJUSDT (ENJIN COIN) - BUY ENTRY ANALYSIS 🔎
- ENJUSDT brokeout above the symmetrical triangle's inclined resistance.
- Price action is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Aggressive entry (risky) : market price (now).
- Conservative entry : breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
ENJUSD 18 February 2021 4H Timeframe Hi traders and welcome to my channel ...
As you can see ENJUSD (EnjinCoin) still in the uptrend channel … for now, I think it’s going to touch dynamic support at 0.50000 and also you can see 4h support at 0.45058 as a static support and then we have continuation of long move to 0.8
but if breaks the static support at 0.45058 it going to retest and drop more to next level of support area at 0.35728
Good luck guys and be careful
All info can be found in my chart.
*Support this idea with a Like or Comments if you find it useful* ... Thank you
________________________________⠀
DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
ENJUSDT (ENJIN COIN) - UPTREND CONTINUATION ANALYSIS 🔎
- ENJUSDT got rejected off the ascending channel resistance.
- The market then retraced for a retest of the ascending channel support and 0.618 fibonacci retracement level.
- The retracement is resisted by the descending trendline resistance.
- There's an uptrend continuation possibility.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support.
ENJIN COIN - LONG POSITION ENJIN FOUND SOME SUPPORT HERE AT 950 AFTER A BREAK OUT OF THE DECENDING CHANNEL ITS BEEN IN SINCE MAY 2020 , CURRENTLY BACK INSIDE THE TOP OF THE CHANNEL .
I EXPECT TO SEE A DIP DOWN TO THE ORANGE ZONE U SEE ON THE CHART BEFORE A MOVE UP AND OUT OF THE CHANNEL TO THE TARGETS GIVEN .
PLEASE LIKE THATS ALL I ASK IN RETURN AND OR COMMENT CONSTRUCTIVLY . MY GRATITUDE AND APPRECIATION FOR STOPPING BY
#enjusdt #enjincoin #4hHi guys..its the latest analyze chart of #ENJUSDT in 4H time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
Who freaked out on Enjin Coin's drop?Warning: our thoughts are ours; not financial advice.
It's normal to freak out, especially when you are always focused on the smaller timeframe.
We only make decisions on the bigger picture.
No matter what happens, the daily candle close is what matters most.
We saw a low of 44 cents at the early hours of today. However, the price still trades within the channel.
How bad can this go? Maybe 40 cents. We'll be stacking up even more at this point.
💡 Don't miss the great buy opportunity in ENJUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EnjinCoin/TetherUS ENJUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 0.660
TP2= @ 0.780
TP3= @ 0.950
TP4= @ 1.100
TP5= @ 1.230
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡 Don't miss the great buy opportunity in ENJUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EnjinCoin/TetherUS ENJUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 0.660
TP2= @ 0.780
TP3= @ 0.950
TP4= @ 1.100
TP5= @ 1.230
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️