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ENJUSDT

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
Long
by Traquino
$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.
BINANCE:ENJUSDLong
by Birdseye88
2
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
by RollingBoat
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... Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Long
by GreenCryptoTrades
17
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.
Long
by ModesTr6d9r
2
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... Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Long
by GreenCryptoTrades
10
tip: frenzy of NFT's token ! ENJ/USDT analysis-Non-fungible tokens (NFT) are digital assets that represent a wide range of unique tangible and intangible items, from collectible sports cards to virtual real estate and even digital sneakers. ❇️Why they're important NFTs have become hugely popular with crypto users and companies alike because of the way they revolutionized the gaming and collectibles space. Since November 2017, there has been a total of $174 million spent on NFTs. What Is 🌟Enjin Coin🌟? Enjin Coin is a cryptocurrency for virtual goods created by Enjin. Enjin is the “largest gaming community platform online” with over 250,000 gaming communities and 18.7 million registered gamers. The Enjin team is designing the coin completely around gaming with the goal of it being the most usable cryptocurrency for the industry. The project includes the Enjin Coin as well as a suite of software development kits (SDKs) that developers can integrate into their games and communities. Bringing blockchain to gaming helps to reduce the high fees and fraud that’s prevalent in the transfer of virtual goods. ❇️-in a sign of just how frenzied the trading action has become, the ENJ token, from a startup company called Enjin, shot up 50% to surpass a market valuation of $1 billion. CoinDesk reported that Enjin planned to roll out two new product offerings focused on NFTs. ENJ is listed on big cryptocurrency exchanges including Binance and FTX, and there’s even derivatives contracts that can be used to bet on the price. ------------------------------------------------------------------------------------------------------------------- ✅TECHNICAL ANALYSIS As we can see in the weekly timeframe logarithmic chart , The current price roam about 1.21 $, Enjin has been trapped in a symmetrical triangle for three years since 2018, when he was finally able to escape after an explosive movement. Although the current price can be slightly corrected , but According to the last tall candle that has formed now, it is likely that it will reach the orange area directly to conquer the first target. (even without pullback to triangle roof or green support again). Reaching the first target is not unlikely even in the short term, but the next goals depend on conditions of crypto market and the green market . Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps), With proper capital and risk management and by setting stop-loss because everything in this market is based on probabilities and there is no certainty. -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades
Long
by PRO_SMART_Trader
4