Enjin to 16k Satoshi by August 2022This 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, if it fails in the near term and breaks the zone downwards, then it would follow the curve down back into January 2021 levels.
You can view this chart here .
Enjincoinbtc
ENJIN COIN WARMING UP ITS ENGINESGood 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 to be 61.8%, 100%, or 123.6% of wave AB. So far we have a 100% retracement leaving us with our worst case scenario zone aligned with the 123.6% fib support level. That said, this is a very good buying opportunity (don't take my word for it)
Our targets for the 5th wave fall within the $12-$15 dollar range depending on where the bottom will be.
Past analysis linked below
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As always, feedback is appreciated!
ENJBTC Resistance Turned SupportI 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
ENJUSD Bullish Case (Weekly Timeframe)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!
ENJIN- 120% Higher since our Feb 23rd postOur 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
💡Don't miss the great buy opportunity in ENJBTC @enjinTrading 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 support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.00001370
TP2= @ 0.00001620
TP3= @ 0.00001970
TP4= @ 0.00002290
TP5= @ 0.00002560
SL= Break below S2
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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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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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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 ❤️
💡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 ❤️
ENJ/BTC in my opinion.================ 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
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An interesting pair ENJINENJ/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!
ENJIN Long IdeaA 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 point.
Forming a H&S on the BTC pair so it seems appropriate to form a H&S pattern on the USD pair
I am long this project
Breakout on ENJIN COIN/USDT : DO NOT MISS !!!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 of the wedge near 0.786 Fib level @ 0.166 - 0.170 USDT Regions and likely a breakout to LONG till 0.204 (1.618 fib level) and beyond.
As always. feel free to like and comment your thoughts on my post, I will really appreciate the support!
Remember to place stop loss orders and trade carefully = )
Regards,
GOL D ROGER
ENJBTC formed Gartley | Upto 20% expectedPriceline of Enjin Coin / Bictoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000706 to 0.00000669
Sell between: 0.00000735 to 0.00000806
Regards,
Atif Akbar (moon333)
ENJBTC formed bullish BAT | A long opportunityPriceline of Enjin Coin / Bictoin cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000749 to 0.00000746
Sell between: 0.00000758 to 0.00000770
Regards,
Atif Akbar (moon333)
ENJBTC is likely to move up from support| Up to 440% expectedSince Oct 2017 the priceline of Enjin Coin cryptocurrency is moving wihing an up channel and now price action is hitting at support of channel and since 2017 no breakdown of this support ever seen.
The MACD is turning bullish.
Stochastic is in oversold zone.
The sell volume is decreased.
I have taken Fibonacci retracement from resistance of the up channel upto the support and set the sell targets accordingly and those sell targets are as below:
Sell between: 0.00002513 to 0.00004324
Regards,
Atif Akbar (moon333)