ENJ/BTC long positionSee the notes, also possible is buy in now with a strong stoploss and sell with profit
ENJBTC trade ideas
ENJ/BTC near term Update: Enjin closing on support zones (15min)ENJ/BTC just hit first possible support zone.
Aggressive re-buy here, but prefer lower price.
Each zone is worth watching for signs of reversal.
This is a followup to my previous analysis which nailed most of the zones of interest:
ENJIN Samsung Wallet + Galaxy Store, Unity, NRG Sports, EfinityENJIN Partnerships w/ Samsung Wallet + Galaxy Store/Universe, Unity, NRG Sports, Efinity
Everyone has now heard about the Samsung partnership. For the newcomers, there is much MUCH more going on to be excited about. Enjin is a 10 year old company with a great reputation and existing community in the gaming space. They set out to build a platform that will power the future of gaming and are in the process of following through on their vision. Over the past year, the (large) team has been working like crazy and has accomplished some amazing things.
Check out the links below. DO YOU NEED MORE REASONS TO HODL?!?
Samsung Galaxy Store / Game Universe
Unity Partnership
Wallet: Samsung, In Wallet Trades, Gift Cards, etc
Samsung s10 Cryptocurrency Wallet Keystore Integrated with Enjin! - Live example showing wallet & trading.
NRG Esports begins partnership with Enjin Coin - will create a custom token with its own branding on it, and will then distribute it to fans of the organization in an attempt to spread awareness and to reward engagement. These tokens will be used for entering raffles and winning prizes, whether it’s visiting an event, receiving gaming hardware, or receiving professional training.
NRG already counts EventsDC, Republic of Gamers, Logitech, Twitch, and Amazon Coins among its partners. Competing in titles such as Fortnite, Counter-Strike: Global Offensive, Overwatch, Rocket League, Hearthstone, For Honor, Vainglory, and Smite, NRG is one of the biggest organizations in esports
Efinity Partnership - scaling, item transfer.
Enjin Blockchain Explorer
Enjin Wallet
World of Warcraft partnership
14000 Sat target for Enjin $ENJBTC during 2019 $ENJ There are few real world applications for cryptocurrency and blockchain outside of Bitcoin that will have any value, Enjincoin is well targeted at one of those applications. Digital collectibles within the gaming industry is already a multibillion-dollar industry with exponential growth. A system which provides liquidity cross-platform and between games will become a multi-billion dollar protocol. This is likely the only thing that ETH will provide real utility for is in the support of such tokens that can be linked to digital collectibles.
Following consolidation which could go on for 2 months or more, I expect ENJBTC to see a steady rise followed by another huge FOMO driven pump to 14000 Sat.
The partnership between Samsung and Enjin Coin was confirmed at the Samsung summit in Barcelona. The partnership produced the gaming wallet on the Samsung S10 mobile phone.
Great opportunities in blockchain tech and digital scarcity include:
Ravencoin (RVN)
Enjin Coin (ENJ)
Basic Attention Token (BAT)
Binance Coin (BNB)
Bancor (BNT)
Bitcoin (BTC)
And to a lesser extent Etherium (ETH) because it will likely be a platform to secure digital collectible protocols like ENJ and utility tokens. Though I believe it is likely already valued appropriately where it now stands.
ENJIN PRE-PUMP PHASE - TRIPLE THREAT ??ENJIN Coin has seen 2 significant pumps, the first on 25-26 march and the second 8-10 march following news of their partnership with Samsung on their latest device.
As seen on the chart, ENJBTC has broken below the key resistance level which was 5500-5000 Satoshi to bounce right of this solid support level of approximately 4000 Satoshi.
We believe the pair will break upwards of this key support level as a result of a bullish bat pattern if it brekas above this key descending trend line.
If all goes to plan we should see a new pump within the next week which could seen the pair rising by over 100%.
Target: 0.00009000
ADAR CAPITAL.
ENJBTC updateWe have a very great result from previous analysis *click here to see previous analysis
Right now enjin almost reach fibonacci support at 4000.
This is important level for enjin.
If 4000 able to hold bearish, we have target at double top and at fibonacci projection.
note : If support trendline (blue) break down, price will back at 2nd support at 2528
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ENJ FomoLooking at Enj on the 1d chart
Hit profit objective between the 1.618 and 200% profit taking zone
Looking to throw bid in the buy zone between the 618 and 786
Big notch in VPVR that needs filling
Price hitting VPVR single ticks
Volume has made a higher high which could mean a higher continuation, but for me its way to risky to even link of a long trade here.
Still no structure in histogram (Would like to see some bearish divergence to confirm a top)
Willy is still not stupidly oversold
Money absolutely pouring into this asset as shown in OBV
Ill be cooling my jets till this comes back into my buy zone. If you fomo buy this you are looking for trouble.
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ENJBTCENJ is still in strong bullish trend, so, we need to keep an eye on it, pray for miracle happen and scalp for juicy gain.
ENJ/BTC scalping chance i think that the price trying to break the symmetrical traingle heading to the next HVN around 4900-5000 sats
especially that we reached the over sold status on the 4 hours time frame
Enjin Scalping Movementsworking on 1h Timeframe.
Enjin is a strong coin. it gone high those days and still in a correction but still can make money on a strong coin.
keep in mind that this coin is under correction so it can break down at anytimes.
here u can see how to trade fluctuations between EMAs.
Buy Around 4000ish 200 EMA Support.
Sell Around 4600-4700 EMA50-100 Acting as resistances.
STOP LOSS under 3700 if you see a real and fast breakdown.
And as Always look at BTC Movements as it can influent everything.
Stay Safe.
Happy Tr4Ding !
$ENJ more to comeLong I'm willing to make. Outside factors matter. Wouldn't have minded getting a better entry but got burned all day on missing entries.
ENJBTCSee chart. Idea. This is my viewpoint and my opinion. I am not giving advice but only sharing what I see.
ENJBTC retrace watch: Enjin pullback zones of interestEnjin had quite a run, and is probably not done yet imo.
But it needs a retrace for profit taking and re-engaging bulls.
Green zones are Fib Confluences that should cause a reaction.
Extreme caution with these new coins and suddent hype.
But Samsung support and use in games is very bullish sign.
For me these are not hodl buy zones, just scalp zones.
ENJBTC trading ideasGreat move so far on Enj with over 1000% moved so far and the fact remain the coin still stunning with huge bullish look.
Presently price is moving towards 200% extension of the previous high.
We should expect light retracement here towards the region of previous high just like a typical re-test then we go more higher to complete the bullish flag and pole pattern target.
ENJIN ready to dropENJIN went parabolic and the news has been bought.
Enjin formed a messy H&S patternwhich has the same odds as a normal one and could result in a large drop.
RSI divergence formed at the top. You usually see a pullback to .50 fib at least but I'm aiming to buy back even lower since it went up 700%+ in 2 weeks.
ENJIN - CautionENJIN is in a place where I would not go long or short. Waiting on more action. Caution with this one.
Buy & sell positions in our crypto signal scanner (comment).
ENJBTC in longThis can be able for long position but need alittle more Detail.... must check in afew day later
ENJBTC 1HR - 3HR TFENJBTC pair had a double bottom inside a falling wedge pattern. We have 2 possible entry. On the confirmation of the breakout and on the support zone. If you will enter on the breakout you will have a high SL of 6.7% that makes it quite risky compare to the support with a tight Sl of 2%. MACD showing sign of exhaustion from sellers. CCI and RSI both have divergence.
Note: In trading there's no guarantee that you will gain or loss but with proper knowledge you can trade in the market with the highest probability. Always manage your SL and trade safely.
ENJ - One more rally?Who knew ENJ would fly as much as it did! My last chart of ENJ ended up yielding a whopping 300%, however I played it safe and took profits a bit early at 242%. Regardless, profit is profit and I said if I saw another interesting opportunity with this coin I would post another chart: so here I am.
This play is a bit more risky that the previous one, but has the potential for some decent profit. Keep in mind, I do say this is risky because we are still up more than 200% over the past week meaning there could be even more correction. Because of this, I'm encouraging you to use a VERY TIGHT stop loss. I like taking risky trades because you always miss the shots you don't take, and the possibly reward heavily outweighs a minor loss (assuming you set a good stop loss).
Anyways, on to the details! Huge news for ENJ in 4 days (March 14th) with the Unity Development SDK release for ENJ hitting the market. This is a huge event that is tapping into the mobile game industry (and Unity games in general) that can bring extreme adaptation to non-technical users. There is so much to talk about, but you can read more about it in my previous chart. Aside from that, we are in a falling wedge pattern which tends to be bullish. I've been expecting ENJ to correct for the past few days as it has reached crazy heights. Right now it looks like it is attempting to break out, if it does I will buy a position and set a very tight stop loss. Otherwise I will wait for it to fall into my buy zone and set a stop loss under the support. I have no specific targets, so I will just make reference to the fib levels and aim for ~5,479 and ~6,398 sats.
As always, please don't FOMO and forget to set stop losses. Again, this is more risky than my previous chart and I always advise people to be prepared for the opposite to happen.
My Strategy:
Break Out Entry: Anything that goes above the resistance.
Break Out Stop Loss: About 50-75 sats below the breakout level.
Normal Entry: 4,450-4,750 sats
Normal Stop Loss: About 50-100 sats below the support level (corresponding to the time frame).
Targets: 5,479 sats, 6,389 sats, (possibly more?)
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