Enjin Coin / ENJ analysisThe price of ENJ is $0.45 today with a 24hour trading volume of 202 million dollars. This represents a 9% price increase in the last 24 hours and a 88% price increase in the past 30 days.
Enjin Coin is a cryptocurrency for virtual goods created by Enjin. Enjin is gaming community platform with over 250,000 gaming communities and 18 million registered gamers. The Enjin team is designing the coin completely around gaming with the goal of it being the most usable cryptocurrency for the industry. The project includes the Enjin Coin as well as a suite of software development kits that developers can integrate into their games and communities.
Enjin partnered with some big companies last year, Samsung (keystone blockchain) , Microsoft (Azure Heros), Atari and Unity (games dev) and BMW (app).
but now lets look at the chart,we have a GOD monthly candle which shows bulls turned on their engines and ready for higher levels
now as you see enj is at its fist resistance 0.45 and trying to break it, if bulls manage to break it then the next target is 0.55 and 0.6
Enjinusdt
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
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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
PLEASE APPLY PROPER RISK MANAGEMENT!
If you agree with the idea, pls like, share, and comment your thoughts below.
As always, feedback is appreciated!
ENJIN COIN TO SIX DOLLARS!I've had this one on my radar for quite some time now, looks like the market finally gave me a dip to buy.
Enter with a stop-loss below support.
First Target- All Time High
Second Target- Marked Blue Zonal Area(1.272 Log Fib)
Completion of the 5th impulse wave should take us above $6
#ENJIN Cup and Handle Coincides with a Target of $6.30#Enjin Cup and handle formation is complete a high probability of Testing $6.30 in the near term.
Traders should follow strict stop loss as gaming projects space is overheating.
#SAND an exception as it is supposed to deliver on the 29th Nov 2021.
Taking Another Look at ENJINA large curve (or parabola (I think)) can be drawn on the ENJIN chart, showing a previous point of resistance turning directly into a point of support
This point of support is further emphasized with a golden cross right on the line
This suggests the bull movement is not over, and price will continue to rise
The main structure can also be drawn as a symmetrical triangle, which also has a bullish nature
The circles I have mainly placed for fun, but a nice trendline up against the circles can be drawn, displaying the symmetry of the chart
I am long ENJIN
ENJUSD Price AnalysisThe daily chart shows ENJ cleared trend resistance at $1.7800 on the 20th. Furthermore, the price pulled back and bounced from trend support after breaking out, reinforcing its validity. After successfully retesting the trend, Ejin surged above the September high of $2.3325, now the first support. Below $2.3325, the 20, 50, 100, and 200-DMA’s join the trend (now at $1.6600) to create significant confluent support.
However, the Relative Strength Index (RSI) reading of 78.05 tells us the rally is overdone in the near term. On the other hand, cryptocurrencies have a habit of over-extending for long periods before correcting. Nonetheless, the elevated RSI reading could be significant. If Enjin coin retraces below $2.3325, it could trigger a reversal, targeting the trend support. But for now, the likeliest scenario is a squeeze higher, which in my opinion, will ultimately prove unsustainable. However, as long as ENJ holds $2.3325, it will likely go higher, but a close below $2.3325 could derail the immediate bullish outlook.
Hello community, please if you like my ideas do not forget to support them with your likes and comment, and you can also get in touch for daily signals and alerts
ENJ/BTC MA Structure This formation of moving averages layered 50,100,200 is a great candidate for bullish action
This is shown in right slide, which is BTC's legendary run to 20K in 2017
Enjin on the left is showing the same MA state hinting at bullish potential
As its easier for price to move upward with MA's like this, the path of least resistance is taken
I am long ENJIN
ENJIn the daily time frame, it has made a small ascending channel and it is oscillating
It has a resistance in the range of $ 1.65
In case of failure (due to the market atmosphere, it is likely to be broken) it will reach the specified limits in the short term
In case of temporary fall of the market, the best area to buy is the yellow box