Enjincoin
$ENJ/USDT 6h (Binance Futures) Bullish pennant near breakoutEnjin Coin is looking ready for bullish continuation here.
Current Price= 0.39764
Buy Entry= 0.39764 - 0.37464
Take Profit= 0.44894 | 0.55941 | 0.65421
Stop Loss= 0.33499
Risk/Reward= 1:1.25 | 1:3.43 | 1:5.3
Expected Profit= +16.41% | +26.045.061% | +36.69%
Possible Loss= -13.13%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 480h
ENJUSDT - Bullish symmetrical triangle?To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend = Bull (HH, HL), currently consolidating
Notes:
- Currently trading in a range between D1 S/R
- Forming symmetrical triangle on 4H
- On D1 respecting the 20EMA nicely as support
- Low volume, uptrending RSI
Ideas:
- Symmetrical triangle can breakout both ways, however due to previous uptrend, bullish breakout more likely. Would enter trade on the breakout/confirm candle
ENJUSDT will countinue up trendEnjin coin is in the third wave when you look daily chart (but it is not finished)
Undoubtedly a new up trend will begin, but we are not sure whether the correction wave is over or not.
I expect this correction wave goes up from one of the blue support boxes. EMA 50(daily chart) and EMA 200(4h chart) are shows the same area.
There are three scenario which is shown with path lines.
According to daily chart we can find two targets (pink boxes).
4h chart shows a continuing cycle which is going to start the fifth impulse wave.
As you see, the 4h and daily targets are almost the same. and also the channel confirms us.
ENJ 1D Is it enough to grow for now or not? :)It seems that old ENJ decided to remember how he could fly.
At the end of 2017, at the beginning of 2018, this token made x25 from $0.02 to $0.50 in a matter of weeks.
Then there was a long period of consolidation and attempts to grow.
And now, the price of ENJUSDT is approaching ATH , and we did not find any hype news that could push the coin up.
If we missed something, please write in the comments.
In any case, while it is hard to believe that the ENJUSD price will be able to update its historical high the first time.
At the moment, it is more believed that the price will make another stage of correction with the final target in the range of $0.17-0.18.
If we missed some important news on the project that can stimulate growth, we will start to consider the long after the price is firmly fixed above $0.48.
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💡Don't miss the great buy opportunity in ENJBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00000935).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Enjincoin/Bitcoin 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 83.
Take Profits:
TP1= @ 0.00001260
TP2= @ 0.00001450
TP3= @ 0.00001640
TP4= @ 0.00001895
TP5= @ 0.00002095
TP6= @ 0.00002570
TP7= @ 0.00002990
SL= Break below S2
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Now, It's your turn !
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💡Don't miss the great buy opportunity in ENJBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00000935).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Enjincoin/Bitcoin 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 83.
Take Profits:
TP1= @ 0.00001260
TP2= @ 0.00001450
TP3= @ 0.00001640
TP4= @ 0.00001895
TP5= @ 0.00002095
TP6= @ 0.00002570
TP7= @ 0.00002990
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 ❤️
ENJUSDTEnjin coin has showned a great bullish trend for people but be ware of the market and its corrections might cut your profit as the wrong entries for this coin is now !
lets make things clear
overall trend is bullish for sure no doubt for now and will be for next like 1 month (with the info we have now)
but why is a bad choice to enter now and buy didn't you say its going to be bull !?
yeah but wait wait wait you can earn even MORE after the correction completed
the brush is going to be wrong for sure its just a sample of whats schematically would happen (the chart will have some highs for sure but don't let them fool you to join earlier)
after the correction finished you can enter safely with the lowest stop loss possible and greater profit to earn
ENJ/BTC Bullish Divergence + VolumeENJ/BTC shows RSI Bullish Divergence on 1D timeframe. Huge buying Volume not seen on such a level from March, when ENJ/BTC went up 200% shortly after such volume occurred.
Targets: 650, 800, 1000 sats.
SL: 450-470 sats.
Let me guys know what do you think about this idea?
ENJUSDTPERPENJIN coin started a bearish trend and done its pullback so we can get sell profits
the yellow lines are meant to be hard and heavy supports but they just gone hold the chart for some time at least the first one will be broken and after each break trend fluctuate between two yellow lines but in bearish trend
ENJ/BTC CRITICAL SUPPORT LEVELHello fellow traders, this is showing my idea on how Enj might rise higher vs BTC. BTC is near the ATH, if a correction is due alts might rally vs btc.
ENJ/BTC pairing is about 30% away from some nice support levels on the weekly. Ill be watching this one! Will take some weeks/months but I see this one taking off soon. Plus the indicators are oversold on the weekly!