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Enjusd

ENJ - macro look at momentum & EMA 200ENJ - macro look at momentum everytime it has hit that momentum low it has rebound up to the 200ema target is around 2.20 if history repeats is this time different? also iam starting to experiment with these volume profiles as you can see. defining 'order blocks' by it, like the edges on either side should be the pivots. anyway ill keep experimenting with them and see what happens. regardless of this idea this price point here on everything is a big pivot. so place your bets now. gl
Long
by Crypto-Quantum-Fox
1
🌳ENJ's Expected Movement in near FutureHello every one ENJIN COIN / TETHERUS ENJ is a Great Asset Which Has been quite Profitable in The Past few months But Right now a Heavy Correction wave has been Accrued. We can See Some bullish Signs on the chart. as you Can See The Price is Now at It's Major Support zone which is quite a Strong Support as well around 2$. The Bearish Trend Line (White Line) Is Gonna Cause Some Problem For Bulls Because If we Consider The Trend Line & The Support zone, we Can come To a Conclusion That The Price is in a Descending Triangle. But It's Not That Bad, because There is a Regular Bullish Divergence (+RD) On MACD which Suggest a Bullish Movement Is Coming. So If ENJ manages To Break The Bearish Trend Line, It can Easily Reach the Resistance Zone Drawn on The Picture. (around 3.5$) What Is Enjin Coin (ENJ)? Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores. Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value. Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018. Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs). Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users: Infuses them with a reserve value Ensures their transparency and scarcity Gives them instance liquidity Provides utility in games and apps Anti-inflationary Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within. 🔴This is only an idea and not a financial advise ( NFA )🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
5
ENJUSD is pricing a bottom. $20 long-term target.Enjin is trading below the 1D MA50 (blue trend-line) but is within a long-term Fibonacci Channel since March 2020 market sell-off. Based on the 1D Ichimoku Cloud and the LMACD, the current price is roughly at the same stage it was in late October 2020. I have a long-term target at +$20.00. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:ENJUSDLong
by TradingShot
1
Here is How ENJ can reach It's ATH once againHi every one ENJIN COIN / TETHERUS ENJ is in a Cup & Handle Pattern. The Break out Needed for Ascending Further Has Not Happened yet, But If The Expected Break out Happens, we Can See a Bullish Movement as Much as The Measured Price Movement. (AB=CD) if our Predictions become True, ENJ will reach It's ATH once again. 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
7
ENJ - Open position in this scenarioBYBIT:ENJUSDT 4H trend chart - ENJ is converging and approaching to the end of triangle. It encountered resistance from the downtrend line many times. If price can breakout this trend line, trading strategy as below. - Profit Targets: a) 2.9475----Fib(1) b) 3.0645~3.1120--------Fib(1.272~1.382) c) 3.2140----Fib(1.618) Stop losses: a) 2.6615-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
ENJUSDT, Its ready to move upwards to the 1st targetHello everybody ENJ is one the most powerful token of project that is working in blockchain gaming base According to the chart you can see the price impact good to the support zone area that is trendline support and we expect the price to go up until reach to the 1st target. Wait to do a liitle correct that these green candle and after that you can entrance in long position and buy until the target reach. Dont forget observe capital management Previous analysis : Good Luck Abtin
Long
by Abtin00
BUYING Enjin Coin (ENJ) for a move up to $6.50!Enjin Coin (ENJ) Fundamental Analysis Enjin Coin is a project developed by Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. The company is using a great and innovative approach for taking the Blockchain space and elevating its utility and application, by connecting it to real-world value. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores. The team at Enjin aims at building a product ecosystem that will help humanity create advanced virtual economies through the power of blockchain technology. Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value. Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018. Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs). Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users: • Infuses them with a reserve value • Ensures their transparency and scarcity • Gives them instance liquidity • Provides utility in games and apps • Anti-inflationary • Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within. • The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain. Enjin’s co-founder Witek Radomski wrote the code for one of the first ever non-fungible tokens (NFTs) and is also the co-author of the ERC-1155 Ethereum token standard. Technical Analysis From a technical perspective, we’ve recently seen a strong 32% correction on ENJ, which has normalized the price action on the asset, as it had previously experienced a remarkable close to a 300% increase in the October – November period. As you can see, the uptrend channel on the daily chart is completely intact and the current corrective phase has brought the asset down to its upward sloping diagonal support line (blue line). This line has proven to be a great entry point for opening LONG positions on ENJ in the past. The price has held above its 20, 50 and 200-period daily EMAs, which is another signal for the absence of strong selling pressure, showing that the most recent correction was more driven by a profit taking interest after the strong rally and a broad market weakness, rather than an intrinsic weakness of the project. Both the RSI and the Stochastic oscil lator have already retraced from their overbought conditions, with the RSI already moving sideways, showing a rather neutral relative strength at the moment. However, we believe that the risks are skewed to the upside and that the current rather positive macro framework for the crypto market and the point that we are currently at in the current crypto market cycle are all signaling that ENJ should be moving sharply higher from here. Our plan is to open our LONG positions on ENJ around the $3.35 level and look to exit half of our position at $6 per coin and then close the rest at around $7.50-8 per coin. We will place our Stop Loss at the $2.49 mark in case of a major price breakdown. At any rate, we will be interested in opening a much larger position again on ENJ if the price drops towards the $1.80-2.00 range.
ELong
by DowExperts
5
Update on ENJUSD (2nd Peak soon?)• ENJUSD has been forming an ascending parallel channel since Mar’20 • She touched the topline of this channel at her 1st peak. • The Fib levels from 1st peak to bottom, from top to bottom of Wave 2, and from top to bottom of Wave 4 (assuming Wave 4 is over), suggest that she will reach the topline of this channel again between $6.076 - $8.056. • ENJUSD has been forming a cup & handle since her 1st peak, and seems to be completing her handle at the moment. There is confluence with Fib levels, as the C&P suggests a 2nd peak of approximately $7. • RSI levels appear to be forming a cup and handle too, but from end-Apr’21. This C&P suggest a weekly RSI peak of approximately 97%. Watch the weekly RSI hit around this level, dip and reach a lower high like what happened in Apr’21. • *****Assuming BTC does not drag ENJUSD down****, and *assuming* we have identified the correct Fib levels, *and* the bottom of Wave 4 is in, then we should start approaching the topline of the parallel channel again quite soon. • My gut tells me that we will break through the resistance levels at $6.076 - $6.519. I’m not optimistic that we will break through the resistance levels at $7.845 - $8.237. But let’s monitor and observe. • At the moment, here are my TPs. I’ve learnt my lesson from LRC. TP1: 6.178 (10%) TP2: 6.590 (20%) TP3: 7.002 (30%) TP4: 7.826 (40%)
BINANCE:ENJUSDLong
by AlphaBravoCharlie77
3
Enjin (ENJ) - May be ready now for another move upENJ has pulled back with much of the market, Meta and gaming began pulling back slightly earlier as investors appeared to be cashing profits and rolling back into BTC recovery before BTC sharply dived taking the market with it, coinciding with reports of new COVID strain which no doubt bears have made the most of with some aggressive selling to drive FUD Yet ENJ has held this trend and is now hoping to break upwards through this declining resistance, buy the retest or wait for it to break above last swing, still may break down and trade lower as sellers are still very active Indicators look good, hopefully it can continue to push up
Long
by jamoooo