This is a fun chart that I actually made into an NFT on the Enjin chain. The idea is simple. As you can see, ENJ is trapped in a certain zone. The future direction depends on where it breaks off towards. If ENJ breaks above the descending curve, then my prediction is at least 16k Satoshi by August 2022. It could take one of two paths up there. On the other hand,...
Good morning all We will be looking at the ENJ/USDT pair this time around Lets begin! In our previious analysis we pointed out regions where price could bottom out for enjin coin, as shown below; Price is trading at that level currently and we have ourselves a Regular flat correction in play judging by the price action. In theory a regular flat has it's C wave...
I have found two examples on the chart using Gann that portray a prior resistance turned support This is a common price action feature Also as price has consolidated above (8/1) I see a bigger Moonshot coming As shown by the bars pattern and the rough sketch of how the indicator may evolve
This is a very fascinating coin at the moment! Price at the weekly uptrend support zone! Even though (technically) the overall structure is bearish but we can ignore the presence of such a strong weekly support! If the price bounces northwards then this might be a very good indication for bullish moves on ENJIN Coin!
o m g ! I guess we did very well with this one, we knew it's a GREAT one and we used our charts right for excellent entries. I Love these days, the FXPROFESSOR 🚀🚀🚀
Our 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
Trading 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...
Trading 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...
Trading 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...
================ BINANCE:ENJ/BTC ================ ENJ/BTC in downtrend but u can see it potential to long.this have 2 ways 1. maybe will down to 1371 sat and will up to 2000 sat or 2. up from now to 2000 sat ============================================== Trading Involves High Risk this is Not Financial Advice Please use Risk...
ENJ/BTC and ENJ/ETH Both forming H&S patterns Could a hidden truth be possibly found within these pairs structure, regarding ethereums decoupling from bitcoin? Comment below if you spot anything or if im just an ETH fanboy A chart for the USD pair I recently added more of this coin!
A few rising wedges have formed, along with a falling wedge that led to a large break to the upside of the major rising wedge looking for a breakdown of this current price structure into a H&S pattern to the bottom of the wedge, this is the best opportunity for long. Its also a good opportunity to go long at the middle of the wedge trend, i have listed this...
Head and shoulders formation It could go parabolic and break the formation Here is where i first identified the H&S
Looks quite bullish if this resistance curve breaks Which i think it will.
ENJINBTC Forming a H&S within a broadening wedge A scythe can also be seen The scythe pattern
ENJIN analysis Alligator is opening up bullishly Similar price action can be seen in green boxes (1) Go long!
Honestly, this is a pretty obvious BULL FLAG formation, traditionally formed before a breakout to the upside upon breaking the top line of the wedge. As we can seen from the chart, 0.618 Fib level has been continuously tested ad validated as a major support line @ 0.15841 USDT. Now, ENJ COIN is looking to retest that line and I see a strong rebound to the upside...
ENBTC looks as if it has formed a left shoulder with a large gap between the head, will a right shoulder follow? This is most likely as Gaussian channel shows bullish momentum, with a rally to the middle of the channel present (shown in blue box).