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ENJUSD +20% profit potential on this buy opportunityEnjin Coin (ENJUSD) broke last week above the top (Lower Highs trend-line) of the Descending Triangle pattern that has been in effect throughout the whole year. This is a major bullish break-out signal and despite the rejection on the 1D MA50 (blue trend-line), the price action being similar to the June fractal, provides a strong short-term buy opportunity. Even on 1D RSI terms, the fractals are identical and it appears we are at the stage of the final leg up as this pull-back is completed. This gives a profit potential of +20% and as a result, our short-term target is 0.30000. ENJ can turn bullish on the long-term only if a weekly candle closes above the 1W MA50 (red trend-line), which has been the long-term cyclical Resistance since February 2022 and is currently about to test Resistance Zone 1 and the 0.382 Fibonacci level. If we get this closing above it, we will buy again and target 0.43000 (Fibonacci 0.618). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ENJUSDLong
by TradingShot
3
ENJUSD hit the 1W MA50 after 1 year! Eyeing 1.0500.ENJIN (ENJUSD) is having a major bullish break-out today as not only did it break above the 1D MA50 (blue trend-line) for the first time in more than a month but also hit the 1W MA50 (red trend-line) for the first time in a year (since April 02 2022). The chart on the right displays ENJ during its 2018/2019 Cycle and even though we need strong fundamentals to back such a strong and quick rally to the 0.786 Fibonacci level, a closing above the 1W MA50 now may be enough to initiate a steady rally to the 0.5 Fibonacci level, which is a little over 1.0500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:ENJUSDLong
by TradingShot
2
ENJUSD 1st step made towards $1.50. 1D MA200 broken.Enjin (ENJUSD) broke today above its 1D MA200 (orange trend-line) for the first time since February 09 2022. Even though that is technically a major bullish break-out, the price is still inside a Channel Down pattern that started on the June low. We ideally want to see a closing above that Channel to call for the new Bull Cycle and the reason can be found back in 2018. As the chart on the right shows, ENJ also marginally broke above the 1D MA200 on December 22 2018 after a multi-month period but as it didn't close above it, it failed and got rejected to one last (Higher) Low before the next leg delivered the first rally of the Bull Cycle, a rally that peaked at an incredible 0.786 Fibonacci level (just below). Interestingly enough, the current levels of the 1D RSI are similar to that of February 26 2019 but the price is nowhere near the 1W MA50 (red trend-line). As a result, this time perhaps we should be suited for a less aggressive 1st Bull Cycle rally, technically more natural. The Golden Fibonacci Ratio of 0.618 is at $1.50 and that is our target for this year. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:ENJUSDLong
by TradingShot
1
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
by P_S_trade
40
Enjin Coin ENJ bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market. The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike. That is reflected in the crypto space in general as a bearish outlook. Enjin Coin ENJ has a negative overall sentiment recently. I have the following price targets: ENJ/USDT short Entry Range: $0.49 - 0.56 Take Profit 1: $0.45 Take Profit 2: $0.38 Take Profit 3: $0.29 Stop Loss: $0.63
Short
by BuySellMarketMaker
ENJ at top of range and hitting resistance; Bearish?It may depend heavily on how BTC performs, but im feeling pretty bearish on ENJ as it stands. As the title states, ENJ rejected off the resistance almost perfectly while simultaneously reaching the top of its range; on the dot, i might add. Personally im looking for short entries on ENJ. But as always.. time will tell. If this continues to sit sideways and isnt able to create a higher high, i expect it will fall back down to the bottom of its range before making progress upwards.
EShort
by AomoriAkuma
7
Enjin Coin (ENJ) - June 28hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ENJUSDT 1W chart) Below 0.563 is likely to be a mid- to long-term investment area. The new Heikin Ashi low and the MACD's 'Buy/Sell' indicator fell at the same time and touched. Therefore, if support is confirmed by rising above 0.635, it is expected to lead to further upside. However, if it fails to rise and falls below 0.563, it can lead to a big decline, so careful trading is required. (1D chart) The key is whether it can find support at 0.563 and move above 0.673. It may temporarily drop to around 0.484, so you need to trade cautiously. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** 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. (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.) ---------------------------------
by readCrypto
ENJ can Go Bullish Or Bearish!what can expect in Both SituationsENJ is in a Symmetrical Triangle and Haven't done a Break out Yet! So We can Not Determine Whether It's gonna be bearish or Bullish We Have to wait and see what will happen. in Bullish case The Price will Reach 1$ Which is also a Strong Resistance as well! In Bearish Case The Price will Reach 0.5$ which is also a Strong Support For ENJ ! The Expected Movement will be Confirmed In a Few Days! -ENJ is in a Symmetrical Triangle -No break out yet -Bearish Case :0.5$ -Bullish Case:1$ -Trend will be Determined In a Few days! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
4