Enjin Coin (ENJ) - July 20Hello?
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(ENJUSD 1W Chart)
If the price holds above the 0.94398280 point, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained in the 0.92059695-1.35937421 range, it is expected to turn into an uptrend.
If it goes down, you should check to see if it finds support at the 0.70120833-0.92059695 zone.
If it declines from the 0.70120833 point, there is a possibility of entering the mid- to long-term investment zone, so you need to trade cautiously.
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(ENJBTC 1W chart)
If the price is maintained above the 2567 Satoshi point, it is expected that the upward trend will continue.
(1D chart)
It remains to be seen if the 3344 Satoshi-3711 Satoshi section can support and rise.
If the price is maintained in the 3711 Satoshi-4811 Satoshi section, it is expected that the upward trend will continue.
If it falls from the 3344 Satoshi point, Stop Loss is required to preserve profit and loss.
However, it is possible to rise by touching the 2567 satoshi-2866 satoshi section, so you should also think about preparing for this.
If it declines from the 1911 Satoshi point, it is expected to enter the mid- to long-term investment area.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking about the indicators in reverse.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations shown in charts
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
