ENJ 12h Do you still have the strength to grow?Two months have passed since the publication of the previous idea of ENJ
And here's how it worked:
As we expected, the absolute maximum of the ENJUSDT price in the region of $0.48 was not updated from the first try.
There was a drop to $0.29, a consolidation and from the second time they were able to break through and gain a foothold above $0.48
And then we have uncorrected growth. A small consolidation was near the level of $1.25, which was the first target of profit fixing for us.
Probably one of the main factors behind this growth was the fact that Enjin Coin is an NFT token. And NFT tokens are now trying to hype no worse than Defi projects almost like a year ago.
Now the critical level is $2.90
Fixing the ENJUSD price above this level will open the way for another upward impulse to $4.00-4.10
If sellers are activated right now, then a sharp drop in price by -50% to $1.25 is possible.
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ENJUSDT
ENJ/USDT Chart 18/03It's getting embarassing lol
I truly hope it won't follow the same path again, otherwise it'd be quite ridiculous imho
Anyway, if we manage to find support at 2.519 and hold it, then further growth is plausible.
In that case, basing on this 4-times-right pattern we could expect it to visit the 3.51 area and get rejected to the previous high around 2.9
I am starting to feel sorry about posting this ahah
Is fifth time a charm?
ENJIN COIN SATOSHI ANALYSE My analyse and guide on following enjin for the upcoming period of time.
ENJ is one of my favourite cryptocurrencies and I believe we can continue up for sometime as long as BITCOIN remains strong and above 57k.
A sudden strong drop of BITCOIN would invalidate the analyse and a break of the support + last point would also change the bias of this pair.
ENJ* Possible good long entry setupHi,
Just another speculative setup, this time to ENJ, an NFT coin with some impressive gains YTD.
Fundamentals: NFT's are chili hot this year (ENJ no1 MktCap); Stimis are in delivery and perhaps this is not the top yet for the markets.
Trend: ENJ is the on a very bullish run, it as some retraces on the way up and the break up tends to be almost of the same size every time. For me it seems that its possible that we have an opportunity for a third inside bar pattern and a possible breakout and clean run higher with a nice risk reward ratio 3:1 (if the overall market supports).
*not an financial advise, just an idea to share.
Thanks
ENJThis one has already pumped quite a bit...would expect the purple box to fill.
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
$ENJ, one more leg up for now?We're in a very bullish altcoin-year and those who have invested a substantial amount of their funds since January have done really well. Many if not most of the altcoins have done five-baggers, ten-baggers or even more. Yet we all realize that nothing goes up forever. How to decide when to get out?
One of the indicators I follow is RSI. Once we see a continuous pattern of lower highs in the RSI, one has to be careful. $ENJ is showing such a pattern. The earlier chart I uploaded spoke of a target of 2.4 and I still stand by this, but the log charts shows that the strength is fading away. Does this mean we are coming to the end of the bull market for $ENJ? Not necessarily, but it does predict that we may be getting ready for a bigger correction and only based on the shape of that correction, we can decide whether we are at the end or about to start a new bull-run towards new highs.
ENJ/USDT Chart 15/03The previous chart looked silly enough, but it worked and it looks even sillier now ahah
How long is this thing gonna keep following a similar pattern?
The trend has been bullish since the start of March and I think it would be healthy for it to slow down a little.
However, after March 12th breakout there was a retest of the previous high (around 1.94) and it looks like we found support there.
If the trend is going to repeat we could see a test around 2.51 (or even lower to the previous high of 2.19) but the general sentiment is pretty positive and we may be set for further growth.
If on March 18th we'll see a 3.5 or above this thing is broken - hope not lol
ENJUSDTAs the Bitcoin dump is happening, this weak 40% move up for ENJ is considered a strong breakout.
But it's still weak because it stuck around the resistance for the past few hours... it might be consolidating but you have to be cautious because today is a risky day overall.
Wait until the market calms down, wait for 1D closures.
Don't jump into every trade for now.
ENJUSDT To the moon!!ENJUSDT (4H CHART) Technical Analysis Update
Waiting for the Ascending Channel
ENJ/USDT currently trading at $2.41
Long Entry-level: Only buy after the ascending channel breakout. (above 2.60 level)
Stop loss: I will update once I see the breakout
Target 1: $3.00
Target 2: $4.00
Target 3: $5.00
Target 3: $7.00
Max Levrage :2x
ALWAYS KEEP STOP LOSS...
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More upside with EnjinEnjin Market Cap at the peak of 2017 was $400 million.
Right now its at $2B, only 5X.
The amount of innovation and the work that's been done in the Gaming/VR space since then + Partnerships + Covid tailwinds suggest there's way more upside in Enjin despite the reason parabolic moves.
Catalysts
- Jumpnet launch April 2021
- Efinity Launch 31 Dec 2021
Partnerships
- Microsoft Azure
- First gaming token approved in Japan
- Atari
ENJUSDT Hello to you all. Mars Signals team wishes you high profits at all times.
ENJ is an NFT token which has had a good growth and now it is ready to grow more. It is in a bullish triangle and if it is able to break the triangle line, it can see higher prices where we have shown the TPs for you on the chart.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
ENJIN 45min Outlook/Triangle breakout confirmationHi guys.
ENJ in one of the projects I have been following for quite some time, and it gave good results, so i think this is just a far signal to share with you.
The breakout of the triangle was seen on a one hour outlook while the markets were retracting and started recovering, and now we are seeing a confirmation on 45min chart, but still yet there is an overall bearish pressure on the market, so I suppose that we will see a more volatile move, but the overall structure on the chart is bullish both short term and mid term.
TP 1 is 2.2 usd, TP. 2 is 2.4. and TP 3 is 2.4 usd. SL should be bellow the middle line of the triangle formation, or the red line to give it a bit more space, although this is a spot signal not a futures signal.
Not a financial advice of course, DYOR!
Good luck!
Will update on the outcome.
ENJ/USDT Chart 12/03Looks like a silly chart structure but who knows lol.
Value growth has been following a similar-looking pattern twice already, and right now it may be half-way to have a third one.
If it does, the value could reach 2.32 or so, then followed by a small retracement around previous high at 1.94.
Let's see
ENJUSDT Bull Run Will Continue! ENJUSDT (1H CHART) Technical Analysis Update
Waiting for the Flag Pattern breakout
ENJ/USDT currently trading at $1.66
Buy-level: only enter after flag pattern Breakout ($1.67- $1.70)
Stop loss: I will update once I see the breakout
Target 1: $1.88
Target 2: $2.00
Target 3: $2.20
Target 4: $2.50
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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