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Enjusdtlong

ENJ Spike 63% Gearing For 300% Surge Amidst Bullish Flag PatternThe price of Enjin coin ( NYSE:ENJ ) broke out of a bullish flag pattern surging 63% for the past 24 hours. With growing momentum, the asset is gearing for a 300% breakout. One key factor contributing to the surge is the launch of the Enjin NFT SDK, which enables seamless integration of non-fungible tokens (NFTs) into various platforms, paving way for NFT's on the ENJ ecosystem. As of the time of writing, NYSE:ENJ is up 19% setting the course for a 300% breakout. The asset has formed a perfect bullish flag pattern with the ceiling of the pattern already broken, NYSE:ENJ will be aiming for the $0.32 resistant and beyond. With growing momentum as hinted by the RSI at 71.89, NYSE:ENJ might just be the asset to look out for this week. What is Enjin ( NYSE:ENJ ) Enjin is a blockchain platform that makes it easy for developers to integrate NFTs and digital assets into their games and apps. The platform provides tools for creating wallets, minting tokens, and managing transactions without requiring users to understand complex blockchain technology.
by DEXWireNews
ENJ USDT Long Idea - Bullish Reversal ENJUSDT 4-Hr TF. Bullish Reversal We observe a budding shift from a prevailing downtrend to potential bullish momentum. Key support and resistance levels have been mapped, indicating areas of significant market interest. Price Action: Recently, the price has shown an upward momentum, creating a series of higher lows and higher highs, which suggests a potential shift in trend from bearish to bullish. The recent pattern of higher lows and highs could suggest an imminent trend reversal. Our strategy recommends a long entry at 0.5685, with a conservative stop loss at 0.4270 to safeguard against unexpected downturns. Profit targets are set at 0.5300 and 0.5500, aligning with major resistance zones. The RSI presents a neutral stance with a bullish bias as per the moving average crossover. Traders are advised to monitor these levels and adjust positions accordingly to market dynamics."
Long
by ChartsInsights
ENJUSDT - W1\D1ENJUSDT W1 - The price was able to break through the high of the first wave, which may mean the implementation of the 3rd wave. The best option for considering purchases is to wait for the level of the first wave to be fixed or for a retest to D1 at the level of 0.3319. When implementing the idea, you can expect a target at the level of 0.5451 D1 - you can wait for a corrective movement within 50% of the previous impulse and expect the formation of the 5th wave - from levels ~0.3172 with targets up to 0.3942 What can you expect? Expect the formation of the 5th wave - from levels ~0.3172 with a small risk on the idea with a target of 0.3942 Cancellation of the idea when fixing behind the trend line 0.2991 Long Targets 0.3407 - 0.3652 - 0.3942
Long
by Trade_Hive_Signals
ENJUSDT - W1\D1ENJUSDT The price was able to break through W1 - the trend line. The best option for considering purchases is to wait for the trend level to be fixed; a more convincing option for purchases would be a retest of this level of 0.2390. If the price is not fixed behind the trend line, you can expect the price to move down to the level of 0.2040 - from which you can expect a rebound and consider buying. What can you expect? If successful fixation behind the trend line, you can consider entering from the nearest levels of 0.2390 with a small risk on the idea with a target of 0.3670 It is better not to take increased risks; a correction is being traded. Cancellation of the idea when the low of the 2nd wave is broken. If the price does not consolidate, then wait for the entry point at the level of 0.2040 and below. Long Targets 0.2860 - 0.3025 - 0.3360 - 0.3670
Long
by Trade_Hive_Signals