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ENJUSDT

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.
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by DowExperts
5
Enj last chanceThis is the last stand before HnS breakdown. Currently sitting at the golden pocket on fib retracement and well established horizontal support. Bounce above 3.87 (right shoulder) would invalidate HnS. If we get a H4 close below neckline I’ve listed the price target at around 1.77, but support base before PT. In Bull markets bearish patterns such as these rarely hit PT so make sure and move stop at break even or trail in profit if it does break down. —————————————————————————————— Top 10 trading tips: 1. DO NOT FOMO into PUMPs. 2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time. 3. Let your winners run and cut your losers short. 4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win! 5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy. 6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven. 7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc) 8. Don't fight the trend. The trend is your friend. 9. Use multiple indicators to confirm your TA on price action. 10. Only trade what you are willing to lose. It will be hard to trade without emotions. Please note: - This is not financial advice. - I do not take every trade I post. - Never trade off of someone else's chart until you DYOR!
by DaCryptologist
2
ENJ/USDT 4HOUR UPDATEWelcome to this quick ENJ/USDT analysis. I have tried my best to bring the best possible outcome me in this chart. Reason of trade :- ENJ/USDT is triangle pattern create conform and retest BUY the green zone. Entry:-CMP and buy green zone Traget:-30% to 40% Stop loss :- $3.44 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native languages. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
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
ENJ/USDT 1 HOUR ANALYSIS Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures . I have tried my best to bring the best possible outcome in this chart . SNX /USDT lying on a strong support level or making triangle pattern. Entry: ACCUMULATE BETWEEN $3.54 TO $3.5 Targets: $ 3.717 $ 4.05 $ 4.28 $ 4.65 Stop Loss: 3.3 What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
Long
by CRYPTOMOJO_TA
1
🕹️ ENJIN = Time for Higher 🍊Price on support, which used to be resistance = Time to Buy NEWS: Amasa Integrates Enjin and Efinity for Metaverse Micro Incomes Enjin: powering the metaverse Enjin has been one of the beneficiaries of Facebook’s recent metaverse dive in Can ENJIN make it to TOP-15? We think it will, the chances are increasing with the launch of smart contracts in the next 2 months(that's why it is trending), the launch of NFT. io and the fact that it is established as the LEADER in GAMING CRYPTO SPACE. Metaverse is HOT and Enjin is involved in that too. You can read a lot more on our previous Enjin posts below. Best thing about Tradingview is that it's all here, in one place. Nobody can fake it here since it's documented. :))) SUPER! News: 🤖Enjin Forms $100M Fund to Support Metaverse Projects The Efinity Metaverse Fund will aim to support work on metaverse projects on Enjin and Polkadot. Just another great development to support our analysis.🦾 Oh! and it's Carbon negative 🍏💚 Start your ENJINS if you haven't... Get your ENJINS going if you have the FXPROFESSOR 🕹️ (Once a gamer always a gamer)
Long
by FX_Professor
2
ENJ/USDT 4HOUR UPDATEWelcome to this quick ENJ/USDT analysis. I have tried my best to bring the best possible outcome me in this chart. Reason of trade :- ENJ/USDT cup and handle pattern confirm retest buy the dip and green zone Entry:- CMP and buy green zone Traget:- 40% to 50% Stoploss:-21moving average downside candle close Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native languages Do hit the like button if you like it and share your charts in the comments section. Thank you..
Long
by CryptoSanders9563
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
ENJ / USDT 4H - falling wedge, breaking resistanceWow, what a black Friday sale on most cryptocurrencies today. ENJ / USDT has performed remarkably over the past few days. As most cryptos have fallen today, so has ENJ. I expect that this likely will continue its upward trend, as it is currently trying to break the resistance. Here seen in a narrow falling wedge. If the price breaks the upper line of the falling wedge - I recommend that you wait for a solid confirmation - then enter a long position. Take profit ideas: TG1 - 4.3$ TG2 - 4.5$ TG3 - 4.75$ ------------------ I keep it simple and clean! Likes, comments, and follows are dearly appreciated. Let me know what you think and which ones you would like for me to analyze next. Trade safely! ------------------ About Enjin: "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." Source: Coinmarketcap.com
Long
by Droz_TA
ENJUSDT H16: BEST Level to BUY/HOLD 150% gains(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! ENJUSDT H16: BEST Level to BUY/HOLD 150% gains(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: ENJUSDT 16hour chart review ::: chart looks good /strong ::: accumulation in range ::: some overhead resistance ::: expecting pullback wave4 ::: back to mirror S/R level 2.80 USD ::: expecting short-term pullback 20%/30% ::: BULLS wait for re-test of key S/R ::: and BUY/HOLD after pullback ::: BULLS get ready to BUY after pullback ::: TP bulls is +150% gains later ::: expecting re-test of heavy resistance ::: details: see chart ::: FINAL TP is 150% gains ::: recommended strategy: BUY/HOLD after pullback ::: TP BULLS +150% gains ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: SHORT and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS ::: Sentiment short-term: BEARS/PULLBACK RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
ELong
by ProjectSyndicate
10