Enjusd
Enjin Coin Daily & Weekly AnalysisI did the weekly and daily analysis of Enjin Coin. I think the rising trend will continue, so I took a position in the 1.60 region for the targets I specified.
Those who wish can place orders in the $1.45 - $1.60 region, and those who wish can buy markets. Let everyone manage their own risk.
$1,780 can be considered as a profit buying point for short-term traders and those who want to open a long position.
However, I do spot purchases. I am considering placing split orders in the $2,192 - $2,645 zones.
Those who wish can take the main money in these regions and put a stop to the entry area to follow the continuation.
It is not investment advice. Those who want can evaluate it at their own decision.
BINANCE:ENJBTC
Basic Breakout On ENJENJ is clearly signaling a bullish pennant on the weekly chart. It is also nicely holding the 50W EMA for its history.
Looking for rising volume and a breakout of the pennant pattern to the upside, which looks to be around the 0.382 Fib level at approx $2.
The next Fibonacci targets above the ATH are $6, $9.20, $12.50 +
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
ENJUSDT , what should we do now ?Hello guys
whats up ? everything is okey ?
We are faced with a complicated chart
The trend of chart is downward trend and in here we are encounter with the first support
when the trend is downward we should take short position but because of market that is bullish in few months later we should buy and hold and take long position in sensitive area
Futures traders should take short position if first break and pullback then take short until reach second resistance if you wanna take long position wait until the trend want to change and after that you can take long position
For holders : guys buy some of ENJ in every support area and hold it until the last resistance break then you can sell it
ENJ coin is one of the best coin in crypto ( its base for games )
Fundamental is important
dont forget stop loss
if you have any question ask me with send me mesaages
Good Luck
Abtin
$ENJUSD - Falling wedgeHello everyone!
ENJUSD is about to complete the correction and breakout from the falling wedge.
As a rule wedge has a 5-wave pattern, however to go long, wait for the breakout from the wedge and go long.
Chart 4H and chart 1H synchronizedsqzmon and adx 4H & 1H synchronized
Target TP1:
not financial advice
ENJ possible breakout!ENJ has been lagging behind when a lot of alt coins have had some massive gains recently. Now I think it could be ENJ’s turn to make a move.
You can see on the daily chart here that it is testing the neckline in an ascending triangle. If it can break the neckline the dashed lines would be areas of target prices. Hope this helps!
Happy trading!
-Orbit Corey
MY MINIMALIST CHART ANALYSIS FOR $ENJ9.2.21 My Minimalist Analysis of $ENJ
Indicated are key levels of support and resistance, as marked by the small and large range boxes.
For short to mid term swing trades.
ENJ coming out of the 50% zone with a buy stopENJ has been playing in the 50% zone for a while and now seems ready to go. Overall uptrend momentum in the H1 chart. Using fibs as always to identify entry and swap exit.
Start your ENJIN!Enjin Coin broke up this triangle 📐 and I think ENJ can go to 2.37 and even higher. I'm already in. Ladies and gentlemen, the race just started! 🏎️🏁
ENTRY : local high @ 1.999
SL : local low @ 1.93
TARGET : height of the triangle projected from midpoint of the local range (BUY - SL) @ 2.37
RRR : 5.4
INVALIDATION : when SL level hit
Like👍, follow✒️, enjoy📺!
$ENJUSDT - Must close above 2.1945Hello everyone!
Enjin shows a great strength and bullish signs however watch for the closing of this 4H bar.
ENUSDT must close above the previous high to continue the run, RSI is overbought, so trade with caution. Wait for the breakout.
🕹️ ENJIN - Updated levels ENJIN 🍊Here is our updated ENJIN chart
Chart shows momentum, not sure if the token can do new all time highs but what you see on the chart is reasonable.
Great move by Enjin:
Enjin (ENJ) Holders Can Now Shop at Amazon, Walmart, Ebay, Following Partnership with Shopping.io
Reading Time: 2 minutes by Dalmas Ngetich on August 27, 2021 Altcoins
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Enjin (ENJ) holders can now shop for their favorite goods from Amazon, eBay, Walmart, and Etsy, following a partnership with Shopping.io, as per a press release on August 27.
Pay for Merchandise using ENJ Token
Shopping.io is an eCommerce platform, which supports several cryptocurrencies, including VET. It is one of the most active sites drawing thousands of users from across the globe.
It also has high-profile partnerships, including Binance Pay—a popular service by the world’s biggest exchange by client count–, Coinbase Commerce, Electroneum, and more.
The partnership is a welcomed move that extends the utility of the ENJ coin, which primes the Enjin ecosystem.
Enjin uses the ERC-1155 NFT standard in its ecosystem. The project continues to launch products that make it incredibly easy for its global user base to mint, trade, and distribute NFTs.
Their overarching objective is to bring NFTs to all users. For this reason, Enjin is accessible to individuals and businesses, enabling them to integrate NFTs in any of their strategies.
According to analysts, NFTs could impact several critical sectors of the economy, primarily gaming and the creative sector, giving more latitude to content creators.
Expanding Utility of the NFTs-Priming Token
Beyond NFTs, ENJ token holders would now use it to purchase everyday items from some of the world’s leading eCommerce sites via Shopping.io.
The platform has indicated that all of its crypto payments are processed via CoinPayments.
Concurrently, Shopping.io has announced a promotion where shoppers using ENJ to make purchases will receive a two percent discount. This deal will end on September 9.
According to Arbel Arif, the CEO and Founder of shopping.io, this partnership extends the utility of the ENJ token.
“We are so excited to collaborate with Enjin and give their community new opportunities to use their crypto on our platform!”
ENJ Joins the Expanding Shopping.io Ecosystem
ENJ is now one of the over 100 digital assets supported by Shopping.io.
Early this year, the crypto eCommerce platform launched its GSPI token on PancakeSwap. The DEX is the largest on the Binance Smart Chain (BSC).
Besides GSPI, Shopping also has the SPI utility token.
Using either of these tokens for shopping would see shoppers receive an extra two percent discount in all other account types except the lowest tier, “Free.”
update) ENJ should start correction soon.Hi every one
ENJIN COIN / TETHERUS
this is an update on the last analysis of ENJ/USDT. So as you can see the price has reached our expected target which was around 2.1$ ! ENJ has completed the crab pattern and now it's time for correction. The correction can be up to the 0.382 line of Fibonacci and note that after the correction ends the bullish trend can continue.
Previous Analysis:
💎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
ENJIN: increasing gaines possible (NFT HYPE)Hi traders,
We are looking at the 1 hour chart of ENJ /USDT
We could see a bull flag forming if we take out the "emotional exaggeration".
Visa: "NFTs mark a new chapter for digital commerce"
Furthemore;
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. (source: coinmarketcap.com)
Enjin focusses on "online gaming".
"China" called online gaming "opium for the mind" which means:
1. People will use the opium;
2. Online gaming is a real threat (competition for attention)
Previous ATH was $3,4 (daily close)
Keep sharing your thoughts in the comments section and enjoy
ENJUSDT LONG* As expected, ENJUSDT retraced over the weekend.
* This sets ENJUSDT up for a cup and handle on the weekly timeframe, confluent with the larger inverse H&S that is forming.
* Confluent cup and handle and inverse H&S are forming amongst many smaller cap altcoins.
* Be aware of the larger picture, especially DXY.
ENJ/USDT can Reach 2.2$ soon.Hi every one
ENJIN COIN / TETHERUS
ENJ has recently Broken out of an ascending Triangle and now the price is ready to increase as much as the Measured price movement (AB=CD) . as you can see if we put the Crab pattern on the chart we can see that the last bullish movement of this pattern has yet to finish and the Expected price for both patterns (Ascending Triangle and crab) are near each other which is around 2.2$ . pay attention to Ex ret which is 1.618 this means the crab pattern is pretty reliable .note that the price is doing a pullback to the Top of the Triangle which is It's new support. after that the way to 2.2$ has no other problems.
summery:
-ENJ has broken out of an ascending triangle.
-The price can increase as much as the measured price movement(AB=CD)
-crab pattern is also telling us the bullish movement is not over .
-both pattern has same targets which sits around 2.2$
- the price is doing a Pullback to the triangle line after that It's Ready to Increase
💎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