Enjusd
ENJ/BTC: Higher Lows, Looking for Further Momentum 2D (Aug. 13)X Force Global Analysis:
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In this analysis, we look at Enjin Coin's (ENJ) 2 day chart, identifying key trend lines and areas of support.
Analysis
- ENJ has been creating higher lows and higher highs, until recently it has had a corrective trend
- Prices bounced on historical support, marked by the blue area
- It is currently trading below the 0.382 Fibonacci resistance, and has tested the 0.618 resistance with a wick
- However, as the overall trend is bullish, we could expect further bullish price movement from ENJ
What We Believe
Given that Bitcoin ranges sideways for a while, Bitcoin dominance will drop accordingly, providing opportunities for a bullish altcoin market. The overall cryptocurrency market is bullish, just as ENJ's overall trend.
Let us know what you think in the comment section below
Trade Safe.
Ready to break outThe price of ENJ has mostly been going sideways since may. RSI and Stoch RSI might be signaling reversal. If price can stay above purple line it's possible that will act as a higher low.
Substantial retracement here definitely ideal to stay above 0.236 Fib level.
The last rally saw 400% gains
Enjin Coin (ENJ) - July 19Hello?
Dear Traders, Nice to meet you.
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It can be said to be in an important position by rising above 0.20006360 points.
If supported at 0.20006360, it is expected to rise above 0.25246048.
If you fall from 0.20006360, you need to make sure you can get support at 0.17244671.
You have to watch the movement during the period from July 20-July 30.
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** Check 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 profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ENJ/BTC (Another Leg up?)ENJ/BTC
-the cross ultimate indicator flashes signal last Dec 2019
-after then, the price continues its uptrend to date
-currently just broke the local resistance at 2191 sat
-now, it must maintain above previous resistance
-or at least pullback to retest and flip into new support
-staying above the green box is bullish
-trading priority is to Buy when a breakout is confirmed
Enjin Bounces of Ascending Channel Support - Buy OpportunityI really like this set up for Enjin vs BTC. The price action has been moving within this ascending channel since 2019 and recently confirmed support, giving us a nice bullish continuation setup. I outlined an inverse head and shoulders set up in green. It actually looks like we already broke the neckline and completed the pattern, but the price has returned back to the neckline which gives us a second chance to buy some before lift off. The MACD is bullish, holding above the zeroline with a near cross over the signal line. I'm long here! Look for resistance at the top of the channel, but don't be surprised if we bust right through it.
Enjin Coin (ENJ) - June 2Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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Points to be supported : 0.20006360 points
It is expected that those who had previously bought in the 0.13625483 to 0.20006360 segment will now begin to realize revenue.
Accordingly, we believe that careful trading is necessary.
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** Check 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 profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
#Enjin Coin BTCWe still expect another bullish wave in the medium term
Prices may drop on the white lines shown in the analysis
Please support the idea by pressing the like button
Profit so far on the channel
#DOCK +25%
#AMB +63%
#KAVA +66%
#ANKR +45%
#TROY +65%
#BQX +70%
#STX +37%
#OGN +21%
#POLY +70%
#TCT +70%
#CHR +32%
ENJIN COIN (Enj Usdt) Short Term TargetIt has created 3 different trend lines since March. It has now touched the third trend line and is about to form a cup and handle. My first target is 0,23566. And if the fourth trendline occurs then second target is 0,3157.
In addition, the wedge formation that fell next to the trend line on the 2-hour chart has formed and is about to end.
This is not an investment advice. It is my own personal work. good luck to everyone.
Enjin Trying to Mine those Diamond Blocks 💠 | ENJIN ($ENJ)⛏️ It was only a matter of time before someone mashed up the block-based Minecraft with the block-based Blockchain. Well folks, the wait is over, Enjin has finally done it with their EnjinCraft plugin for Minecraft. This release shows Enjin is hard at work and that at least some of the past ENJ FOMO was warranted. That plus some mega bullish action since the COVID bottom has us looking for some levels for the bulls who want to mine those rare blocks.
Support ENJUSDT(Left):
First up we have the S1 S/R flip and orderblock cluster that includes a previous high. This is the first logical spot to look for a pullback. We have a similar formation at the S2 orderblock, although this level traces back to the pre-COVID crash range high as well. Lastly, the S3 S/R and orderblock cluster has acted as a major price pivot point and should provide support if it is tested. That said, all of these levels are logical and are likely to see a reaction of some kind if we see any kind of a pullback on the USD pair.
Support ENJBTC (Right):
The ENJBTC chart is very similar in terms of levels. First up we have the S1 S/R flip and orderblock cluster that includes the previous range swing high. This is the first logical spot to look for a pullback and has already seen a retest. We have a similar formation at the S2 orderblock cluster and S3 S/R and orderblock cluster. Again, like with the USDT chart, any of these levels are likely to see a reaction to price if and when we have a retest of them.
Resistance:
Although there is some valid resistance on the chart, the BTC and USDT pairs have both been so bullish we aren't concerned with resistance levels yet. With that said, we are happy to map out resistance levels if the chart gets enough attention. So if you are interested, let us know.
Overlook and Summary:
Getting a chance to buy any of these levels is likely going to be a bit like mining some of those rare diamond blocks in Minecraft, worth the time it takes to get to them. With that in mind, trends can always change, so if the trend does manage to give us too much downside volatility too quickly we won't hesitate to Alt+F4 this outlook.
Resource: cryptoticker.io
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Ascending Triangle on ENJIN Hello Traders,
ENJ/BTC is breaking out of the ascending triangle, which is a bullish indication, you must buy at this level and the stop must go below the second technical event on intraday of 1h. It is a long stop-loss, so you must control your position size for never lose too much money in case that trigger the stop loss.
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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
ENJ/BTC 300% Potential Profit till the EOY!Welcome to this update guys its been a long time that I didn't post the ENJ Chart.
On Feb 11 I posted my ENJ Chart at that time it was trading around 1300 sats I said this alt will explode soon. It's approx 40% UP SINCE OUR ENTRY.
After few weeks It was under Teeka Tiwari's (who runs his palm beach group with high fees) )long term picks for the year. I don't really like his concepts but the coins do pump hard just like DATA coin.
I believe this coin can do very good in this year.
The USD chart looks more promising. breaking a long term resistance.
HERE'S WHEN YOU CAN BUY if YOU DON'T HAVE IT IN YOUR LONG TERM BAGS:
1. IF IT BREAKS THE ASCENDING TRIANGLE.
2. IF IT FALLS TO THE GREEN BOX: 1570 TO 1800.
This setup is for long term.
TARGETS:
2733
3430
4127
5110
Currently it is facing the .236 fib level extension which will break sooner or later.
Follow me for such updates and hit the like button if you like this post.
I WILL BE POSTING MORE ALT SETUPS SOON. SO FOLLOW ME IF YOU DON'T WANNA MISS THOSE CALLS.
#PEACE