Enjincoin
✳️ Enjin Coin | New Series (Fast ALTSBTC #1)I will now share with you a series of trade ideas with pairs that are set to move strong against Bitcoin.
The bullish signals already confirmed.
Fast ALTSBTC | Altcoins vs Bitcoin #1
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Altcoin (PAIR): Enjin Coin (ENJBTC)
Trend:
Up
Potential: 100% to 180%
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Wishing you great profits and success.
This is not financial advice.
Namaste.
Enjin Coin ENJ price moves along its routeWhile most cryptocurrencies are thinking: "to fall or not to fall", against the background of yesterday's statement by the US Department of Justice, ENJ buyers decided that this is a great moment to pump the price up by at least +20-30%)
The entire speech of the US Department of Justice can be summarized in one thesis: "although crypto is still poorly regulated, any cybercrime, such as darknet trading, money laundering to circumvent sanctions, or any other offshore manipulations using the anonymity of blockchains - "will not pass".
The United States and its partners in Europe and worldwide are watching this."
Back to the Enjin Coin price:
As we have already drawn on the chart, the ENJUSDT price has entered the resistance zone, where we believe, that the number of sale orders will be increased. Therefore, we assume that the price will not be able to gain a consolidation above $0.40-0.50 from the first time, and a price pullback to the $0.30 area is possible.
However, in the medium term, the growth of the ENJUSD price to the range of $0.71-0.91 is more than realistic
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Enjusdt Falling Wedge Breakout Has Already confirmed Retesting in process
Incase Of successful retest expecting 30 to 35% Bulish move
Entry Can Be Taken After Momentum Candle safe Stoploss Would Below Recent Low (Below Wedge)
Consider It Only Idea Its Not Financial Advice Dyor Before Taking Any action
ENJ/USDT | Looks Promising for Breakout..!!
#ENJ Seems like Correction phase almost Done & Ready for Bounce Back...
Falling Wedge Formation in the Higher timeframe..
Pretty Decent Buying Volume Coming in..
Expecting Breakout Soon.
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Thanks for Your Love & Support..!!
Enjin Coin vs Bitcoin Chart AnalysisThis is the last chart analysis request I received in the comments section and it comes from @vtropiq... Let's see what the chart has to say.
We are looking at Enjin Coin vs Bitcoin as the we already know the drill for the USDT pair, at least here we have a different chart.
The June 2022 low/support remains intact, which is good news.
The bad news is that the volume profile and 9-Nov. rejection does not signal a bottom, there can still be lower prices.
As long as the June 2022 low remains intact (0.00001712), the bulls can jump in at any time but, following the trend, we can expect the low to break even after a bounce if ENJBTC doesn't manage to move and close above MA200 on this timeframe.
Is that a mouthfull?
You tell me, I don't know...
I am just saying that a close above MA200 is needed in the least or else any bounce/upward correnction is just that... But the bottom is surely close.
Namaste.
P.S. The arrow are just potential path projections.
They do not predict expected time duration nor real path.
Trading Signal For ENJUSDT Enjin CoinTrading Setup:
A Trading Signal is seen in the ENJUSDT Enjin Coin.
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.425
⭕️SL @ 0.410
🔵TP1 @ 0.465
🔵TP2 @ 0.495
🔵TP3 @ 0.536
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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ENJIN Coin Short term Correction ! As for now we have an opportunity of a buy trade since previous resistance has turned into support. However, we need a retest to the newest support to confirm the buying bias otherwise stay out of the trade but I think a short term correction with upwards momentum could be possible in the short term. Noticed we are in the oversold condition too and to add even more confluence it's a level of support that's been proven previously several time to push price higher + trendline area. Still could be broken so wait for a retest to enter in the breakout.
Enjin Coin ENJ bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Enjin Coin ENJ has a negative overall sentiment recently.
I have the following price targets:
ENJ/USDT short
Entry Range: $0.49 - 0.56
Take Profit 1: $0.45
Take Profit 2: $0.38
Take Profit 3: $0.29
Stop Loss: $0.63
🕹️ ENJIN - Trading Can be Simple 🍊I love ENJIN, it's one of my favorite but remember:
The most common mistake is not taking profit (and/or not going short and hedge spot holdings at resistances):
My first target of 0,743 was checked: Allow me to say it worked perfectly.
What do i do in this cases?
Sell some spot and try a short position...The wait for support to take profits from short and buy more spot.
If you are reading this read it again (and again).
Nothing wrong with being greedy as far as one can be aware.
One Love,
The FXPROFESSOR
(Idea is posted as Long because Enjin could be 3$ again sooner or later)
ENJ at top of range and hitting resistance; Bearish?It may depend heavily on how BTC performs, but im feeling pretty bearish on ENJ as it stands.
As the title states, ENJ rejected off the resistance almost perfectly while simultaneously reaching the top of its range; on the dot, i might add.
Personally im looking for short entries on ENJ. But as always.. time will tell.
If this continues to sit sideways and isnt able to create a higher high, i expect it will fall back down to the bottom of its range before making progress upwards.
Enjin Coin (ENJ) - June 28hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ENJUSDT 1W chart)
Below 0.563 is likely to be a mid- to long-term investment area.
The new Heikin Ashi low and the MACD's 'Buy/Sell' indicator fell at the same time and touched.
Therefore, if support is confirmed by rising above 0.635, it is expected to lead to further upside.
However, if it fails to rise and falls below 0.563, it can lead to a big decline, so careful trading is required.
(1D chart)
The key is whether it can find support at 0.563 and move above 0.673.
It may temporarily drop to around 0.484, so you need to trade cautiously.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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BITCOIN 2H TA : NEW WEEK UPDATEAs you can see, Bitcoin has now reached an important range to taking some of your ptofit , so if you buy at a lower price , close part of your position here! And pay attention to how it reacted to the Institutional Support indicated on the chart after the last analysis.
The next important range for re-taking the profit will be in the range og $ 22,300 to $ 23,000.
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 06.26.2022
⚠️(DYOR)
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