Did You Invest In The ENJ Goldmine?Warning: our thoughts are ours; not financial advice.
Well, we don't expect you do what we say without doing your own research, but if you agreed with our ENJ forecast a few days back and bought a few coins, CONGRATULATIONS. ENJ went up over 50% in the early hours of today already.
The target of 80 cents and beyond possible in a day or two at this speed.
ENJUSDT
$ENJ/USDT 6h (Binance Futures) Bullish pennant near breakoutEnjin Coin is looking ready for bullish continuation here.
Current Price= 0.39764
Buy Entry= 0.39764 - 0.37464
Take Profit= 0.44894 | 0.55941 | 0.65421
Stop Loss= 0.33499
Risk/Reward= 1:1.25 | 1:3.43 | 1:5.3
Expected Profit= +16.41% | +26.045.061% | +36.69%
Possible Loss= -13.13%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 480h
ENJUSDT - Bullish symmetrical triangle?To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend = Bull (HH, HL), currently consolidating
Notes:
- Currently trading in a range between D1 S/R
- Forming symmetrical triangle on 4H
- On D1 respecting the 20EMA nicely as support
- Low volume, uptrending RSI
Ideas:
- Symmetrical triangle can breakout both ways, however due to previous uptrend, bullish breakout more likely. Would enter trade on the breakout/confirm candle
ENJUSDT will countinue up trendEnjin coin is in the third wave when you look daily chart (but it is not finished)
Undoubtedly a new up trend will begin, but we are not sure whether the correction wave is over or not.
I expect this correction wave goes up from one of the blue support boxes. EMA 50(daily chart) and EMA 200(4h chart) are shows the same area.
There are three scenario which is shown with path lines.
According to daily chart we can find two targets (pink boxes).
4h chart shows a continuing cycle which is going to start the fifth impulse wave.
As you see, the 4h and daily targets are almost the same. and also the channel confirms us.
ENJ/USD - Another aim at $0.50!ENJ was rejected last time when we touched $0.50, now that we found support we are looking good to push again higher and re-test the $0.50 level.
Indicators are looking good, however, the resistance zone has proven quite strong and last time we were immediately rejected and pushed down. Likely we have to build more momentum to push higher than ATH.
Good to explore long opportunities with a sell target just under $0.50 level. Once there, best to wait to see what happens.
Like and follow if you liked this idea!
ENJ/USD - Pressure building, $0.50 or $0.30?ENJ is getting close to an apex (in blue) between resistance and support. We will have to break out one way or another.
Indicators gives us plenty of room to go higher, however, the volume is almost nil. Therefore, it may be hard to go higher without volume picking up.
We may need Monday to come to give us a clear direction as the volume over the weekend has been very poor. The correction we had a few days ago to $0.30 (see my last idea) allowed us to get back up now, question is if we will push higher.
We need to break the dotted line if we are to hope for higher levels. Bias remains bullish for now, but watch out, we have a big resistance above $0.50 which was our previous ATH. We may get a fast rejection once we reach that level.
Like and follow if you liked this idea!
ENJ/USD - Parabolic rise approaching resistance! ENJ has gone parabolic this past week. Congrats to those that longed the rise!
However, now we are quickly approaching the resistance zone and ATH which will likely push us back. This is not the time to buy, rather wait to short or simply wait for price to give direction.
The indicators on daily are overextended and on this 4h chart we can see that MACD is giving signals this rise is losing some strength with the histogram ticking lower with a rising price (bearish divergence).
Therefore, expect a reaction at around $0.50 cents or Fib 78% if we make it that far.
If we are to fall we have some support at $0.33 and a good support at $0.25 (resistance turned support).
I do not exclude another pump, but be careful on this raise as we can quickly go down just as we went up as we approach the apex of the formation.
Like and follow if you liked this idea!
ENJ 1D Is it enough to grow for now or not? :)It seems that old ENJ decided to remember how he could fly.
At the end of 2017, at the beginning of 2018, this token made x25 from $0.02 to $0.50 in a matter of weeks.
Then there was a long period of consolidation and attempts to grow.
And now, the price of ENJUSDT is approaching ATH , and we did not find any hype news that could push the coin up.
If we missed something, please write in the comments.
In any case, while it is hard to believe that the ENJUSD price will be able to update its historical high the first time.
At the moment, it is more believed that the price will make another stage of correction with the final target in the range of $0.17-0.18.
If we missed some important news on the project that can stimulate growth, we will start to consider the long after the price is firmly fixed above $0.48.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
StorjUsdt Going for a new pump?Storj Usdt has been on the rise last couple of weeks and it looks like it will be going for a new pump soon.
Wait for BTC to stabilize and Buy it from the bottom then wait for it to rise and go for a new ath
Technical anlysis shows that it will be on the rise in a short period of time
Buy : 0.39
TP1 : 0.43867
TP2 : 0.47685
TP3 : 0.52457 ???
SL : 0.37245
Note: BTC highly volatile
Wait for BTC to stabilize
Buy from high bottom
ENJUSDTEnjin coin has showned a great bullish trend for people but be ware of the market and its corrections might cut your profit as the wrong entries for this coin is now !
lets make things clear
overall trend is bullish for sure no doubt for now and will be for next like 1 month (with the info we have now)
but why is a bad choice to enter now and buy didn't you say its going to be bull !?
yeah but wait wait wait you can earn even MORE after the correction completed
the brush is going to be wrong for sure its just a sample of whats schematically would happen (the chart will have some highs for sure but don't let them fool you to join earlier)
after the correction finished you can enter safely with the lowest stop loss possible and greater profit to earn
ENJUSDTPERPENJIN coin started a bearish trend and done its pullback so we can get sell profits
the yellow lines are meant to be hard and heavy supports but they just gone hold the chart for some time at least the first one will be broken and after each break trend fluctuate between two yellow lines but in bearish trend
ENJ/USDT - Potential 47% setupHello, Traders!
ENJ is exiting the main trading range of $0.14100-0.16300.
On the daily timeframe, the RSI indicator value is in the bullish zone. The price is above the MA100
Entry into the deal can be considered in the range of $0.16300-0.16900
Stop Loss can be placed at $0.15200
Target price levels will be:
$0.18425
$0.20795
$0.23955
Good luck and watch out for the market.
P.S. This is not a piece of financial advice but only trade I would be following myself