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Enjincoin

Head and Shoulders finishing with a Cup and Handle.If you followed my previous post, you'll have seen the H & S we were following. So far we are seeing strong signs of a trend reversal in favor of the Bulls. Right now we are witnessing the completion of another bullish sign of an overall market increase in value. The Cup and Handle to the right of the Head and Shoulders is actually integrated with the right shoulder of the first pattern we were watching. Signs are showing that market sentiment has improved. Good news has been following Cryptocurrencies for about a week now. Chinese New Year is about to end. A lot of signs are pointing to a market recovery. And, if you're like me, you don't believe that 400 Billion dollars in market cap could have simply been deposited back into bank accounts across the world within just a few days. I believe that all this money has been sitting in exchanges in the form of fiat or Tether waiting for the smoke to clear. A confirmed breakout will signal the bots, day traders, and "smart money" to all re-enter this market. When this ball gets rolling it's going to be hard to stop. Not saying that BTC is going to "moon" again, but a lot of the coins which rely on BTC as their primary trading pair will be more fairly valuated and will recovery soon. If BTC hits 11,000 USD we may see it flatten out and stabilize. Money will flow through BTC and into the "alts" (superior technologies) which will show BTC as having massive volume with little change in value. The alts, meanwhile, will be enjoying a strong recovery. Good luck and happy trading.
BITFINEX:BTCUSDLong
by VanBenno
2
Enjin ENJ BTC Forecast - ENJ-OY this One!ENJ chart shows two ABCD patterns. One was successful and the other is yet to occur. Usually wave D is lower than wave B for a bullish ABCD pattern. However experience in the crypto market showed me time and time again that this may not be the case since the price could be supported earlier due to increased volume and new traders involving themselves at a later date. Resistance and support area have been tested a couple of times and have proved difficult to break. Events: iOS Wallet Pending App Store Approval - 31 January 2018 or Earlier Important: set your stop loss in case wallet is not received or miss deadline. This is not an investment advice, always do your own research.
Long
by itradearn
1
Enjin Coin buy opportunityI like to keep my portfolio as diversified as possible. I look for coins that are active in different markets, so when one market is not benefitted from using the blockchain I won't lose all investments. Enjin Coin will be my 'gaming' token for 2018. I won't be going in to the fundamentals for now. Technical analysis shows me these targets (based on fibonacci levels): Stoploss - 1860 Satoshi's Target 1 - 2410 Satoshi's Target 2 - 2663 Satoshi's Target 3 - 3016 Satoshi's Target 4 - 3466 Satoshi's (new all time high) What do you think?
Long
by MarkH99
3
The little $ENJ ine that could?I posted recently that Enjin coin might hold it's pennant for support, which by the way it tried to, but was forced down by Bitcoin 4.60% and the overall crypto market. Since then ENJ -0.02% like others has recovered and in my opinion has entered bullish territory again. Looking at the chart is has broken back above the bottom of its overall uptrend channel and broken above its Pennant . This is a very good signal for a breakout and yes we could easily come back in 12 hours to see it dip down again so take this trade with caution. Expect turbulent waters 0.11% ahead and I recommend using a stop at the bottom of the channel. You will have to monitor the trade and continue to adjust the stop but you basically want to try and ride this channel higher and possibly even have a breakout above the channel followed by a breakout above all time highs. Good luck.
by TheBossTrader
6