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Enjusd

Update on ENJ - Still not time to long yetENJ is a rather obedient coin. Since Jan’2021, it has done the following within the same channel Reach new all time high (ATH) Retrace Consolidate sideways Repeat The current retracement is par for the course for ENJ's price action since Jan'2021. I maintain my position that ENJ will touch the lower end of the channel around mid-May, and then bounce off to touch a new ATH. In other words, ENJ's dip or sideway movement might continue in the short term till 2H-May'21. Long accordingly. (I'm personally anticipating a short-term recovery from now till mid-May, and then another dip.)
by AlphaBravoCharlie77
4
ENJ/USDT is ready to do a strong bullish movementHi every one ENJIN COIN / TETHERUS ENJ/USDT is trying to form a broadening wedge it can increase to the top line of the broadening wedge. There is also a hidden bullish divergence on both MACD and RSI indicators which means the bullish movement is more likely to happen. Our more recent analysis of ENJ/USDT : 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
Long
by CobraVanguard
12
LONG on $ENJTechnical Analysis: Currently seeing a bullish divergence on the MACD (Moving Average Convergence Detector) as well as the KST (Know Sure Thing). The levels on the Stochastic RSI (Relative Strength Index) are above 32 (65.0344 at the time of writing) and I can see that a double Frying Pan + Jay Hook has formed on Enjin Token after a calming of the initial storm. I believe we will see another run up of a high-profit trade on this token as it continues to gain traction. Fundamental Analysis: Enjin Token is an Ethereum based (ERC-20) token that solves the problem of NFTs with a new standard called ERC-1155 which is a next generation smart contract that can be used for tokens and NFTs (Non-Fungible Tokens) simultaneously "ERC-1155 is the only token standard that enables you to create every type of asset, from currency and real estate to digital art and gaming items." - From Enjin Token documentation Fundamentally this solves a lot of problems with the current state of blockchain as well as having a Java, GoDot (An open-source game engine for 2D and 3D games), and Unity SDK. They also have developed a wallet software for smartphones (Android and IOS). On top of all of this great development they also offer a GraphQL API that is extensible and can be used to interact with and query the Enjin Token network. Side Notes: Enjin token solves many problems currently in blockchain and I personally value it much higher than the current market price. There is a real potential for many new utilities and software to be developed on this platform that have many real-world applications. Have a nice day and happy trading!
ELong
by Numetric
Enjin Coin (ENJ) - April 29Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ENJUSD 1D chart) We need to see if we can get support at 2.67570597 and get off the downtrend line. If it goes down, you need to make sure you get support at 2.45973917. If it falls in the 1.79815147-2.01754009 section, a Stop Loss is required to preserve profit and loss. ------------------------------------- (ENJBTC 1W chart) (1D chart) We have to see if we can get support and ascend at the 4811 Satoshi branch. If it falls, it remains to be seen if it gains support at the 4484 Satoshi spot. 3344 Satoshi-3711 If you fall in the Satoshi section, you need Stop Loss to preserve profit and loss. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:ENJUSD
by readCrypto
ENJUSDT | 17% growth after the rejectionhey everyone, from the chart pattern we can expect it to bounce back from the support level and move toward its resistance level. after that, there would be 2 possible scenarios 1- BINANCE:ENJUSDT will break its support and will move higher... 2- It will be rejected by the resistance. . . . . . . . If you liked this Idea support me by liking it and if you have any ideas feel free to share that in the comment section below. And don't forget to subscribe if you are new to my channel.
Long
by Luxern
Enjin Holding daily 55EmaHello guys. This time I wanna analyze enj on a daily time frame. As you can see if the major uptrend enj has been keeping 20ema and 55ema as strong supports and after retesting them the price bounced back up and continued to go up. Today the same kind of situation is happening. The price has tested 55Ema on the daily chart and bounced back up. If this behavior continues we could see a huge price pump in the coming days and a test to 3$ - 3.4$ - 4$ and 4.6$. The market crash in the last couple of days was a huge sale and opportunity to enter the market because in my opinion a lot of assets with huge potential were on a huge sale and can return a huge profit in near future. Assets like Theta, Enjin, Cardano, etc. Hope you found this idea useful. I am not a financial adviser. Always do your own research. If you have anything to say please let me know in the comments. Drop a like if you found this useful and follow for more! stay tuned.
by Sitack
5
Bouncing from a huge correction !The reverse H&S in our previous chart was invalid and all of the crypto market had a huge correction. Now on H4 TF we see a huge shadow on the red candle and a +22% bounce back from 2.1$ major support that indicated a lot of buyes showed interest in those prices and entered the maarket. High possibility for a rise to 3.4$ level. P.S: I am not a financial adviser and this Idea is for educational purposes only. Always DYOR. If you have any comments let me know in the comments and drop a like if you found this idea helpful.
Long
by Sitack