Target 0.1587Following daily chart.
Entering a bit late but his is what it is.
Also it doesn't have a good ratio.
TP 0.1587
SL .0141
Around 6% profit.
ENJUSD trade ideas
The rise of Bitcoin will be the rise of $ENJ and $EFI Let me tell you why I will only give you ten reason why Gamification (not p2e) is the new narrative next year, it will foreshadow something that is big for 2025 to make a great comeback for p2e games.
1. Gaming is a $200B+ industry primed for NFT and blockchain disruption enabling true ownership of in-game assets.
2. High demand for using real-world IP from global brands like Star Trek, Formula 1, and gaming IPs in tokenization efforts as RWAs.
3. Recent ruling that NFTs can represent legal ownership brings regulatory clarity for blockchain assets backed by real assets.
4. Next billion crypto users more likely to first access web3 through gamified experiences vs trading/DeFi products initially.
5. Value accrual to decentralized gaming platforms and token incentives rather than centralized game publishers alone unlocks new growth.
6. Combining decentralization benefits with existing fun gaming experiences and communities supercharges adoption.
7. Success of trailblazers like Axie Infinity demonstrates blockchain gamification viability.
8. Facebook rebranding to Meta signals wider market realization of token metaverses and blockchain games as the future.
9. Enjin simplifies game asset creation across 50+ chains while handling complex token economics and distribution.
10. Over $100B in NFT trade volume last year shows exponential increase; gaming and gamified NFTs poised to grab market share.
Now this is my short thesis for Enjin and EFI token.
1. Next-gen Enjin Wallet integrates Efinity and Polkadot parachains to enable advanced NFT support.
2. JumpNet launch provides free, eco-friendly blockchain custom-built for NFTs, removing gas fees barrier.
3. Multiple collaborations continue with brands like McLaren Racing introducing NFT fan engagement within games.
4. Growing ecosystem of projects leveraging Enjin for tokenized gaming assets and experiences.
***I supposedly not post this publicly but I will give it for free, it should be for my community only but here you go.*** FEAST my brothers and sisters.
ENJ Perfect DragonWe were bullish on ENJ and took a small loss just below 40c, now the opportunity has presented itself again.
Enjin Coin (ENJ)Enjin is moving in an ascending, wide channel. Recently, the harmonic pattern ended, and ENJ broke the downtrend line too. Then ENJ reached the bottom of the channel and bounced off it. Let's hope ENJ breaks the minor downtrend line and see what happens.
ENJ LongWe gave you a +100% trade set up with the perfect exit to the cent for ENJ.
Now we're showing you the opportunity to buy at a 40% discount from that same exit.
Above 40 we're accumulating, the closer you are to 40c the more you can manage your risk.
ENJUSD ACCUMULATIONThere's speculation about the end of the current bull run in August, with uncertain prospects of either a bust or a boom. ENJ (Enjin Coin) appears to be following a Wyckoff accumulation pattern, indicating potential accumulation by institutional investors before a possible upward price movement. While it's unlikely ENJ will reach the peaks of the previous bull run, a realistic target of £2.50 could be feasible if the pattern unfolds as anticipated.
ENJ - 80% profit target above this levelWe entered this trade in the community over a week ago. We are sharing this now because a break above the 40c level would give an opportunity for a second entry at a backtest of this level.
I'd simply add it to my watchlist and have a notification set for a breakout, if a backtest happens you can take a long there. We will post a backtest trade if there is a strong argument.
350% Gain on ENJUSD?It could be a new beginnings in the next few days and weeks for many Alts that DON'T ride the coat tails on the strength of BTC. Take ENJUSD and ZILBTC example on the weekly.
Whales have already moved in for the Krill. We can see in the past where price had trouble breaking before it went ballistic, now we see price approaching into the same area on strength well above to RSI 50 level. It has attempted to break the 0.68 price marker once before but failed.
If we can get clear of this resistance we have entered the buy zone and hopefully we can get on the express bus for the ride of our lives..... Destination moon.
enj usdI think end will up to 1.3 the fist target is 0.7 BINANCE:ENJUSD
I think it will bake to the all high maybe same month
Could ENJ head to $0.5? ENJ has been in a downtrend for almost 645 days, could this be the time it finally breaks it or it could be just a deviation?
What do you think?
ENJUSD (Daily) - Bullish reversalHi Traders
ENJUSD (Daily Timeframe)
Waiting for the upward break of 0.2989 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.2712 would cancel the bullish scenario.
Trade details
Entry: 0.2989
Stop loss: 0.2712
Take profit 1: 0.3160
Take profit 2: 0.3436
Score: 6
Strategy: Bullish reversal
Correction in progress but soon very interesting...Enjin is a software that gives developers the ability to create and manage virtual goods on the Ethereum blockchain. The idea is that by using blockchain technology to manage in-game items across many different properties, Enjin can help reduce the high fees and fraud that have plagued the transfer of virtual in-game goods and collectables. Toward that goal, Enjin has released software development kits (SDKs) allowing users to both create digital assets on Ethereum and integrate them into games and apps. Each minted asset is customizable to fit the desired platform and recorded in a smart contract, giving the items the advantages of cryptocurrency, namely speed, cost and security. Central to managing the digital assets on its platform is ENJ, Enjin’s cryptocurrency, and each in-game item created on Enjin is assigned a value in ENJ.
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ENJ Parallel ChannelBeautiful parallel channel for ENJ. Another perfect example of Wycoff's methods. Getting ready for a great bull run!
ENJUSD (4H) - Bullish wave LTFHi Traders
ENJUSD (4H Timeframe)
A medium-high probability, entry signal to go LONG will be given with the upward break of 0.337 after the market found support at 0.305. Only the downward break of 0.305 would cancel the bullish scenario.
Trade details
Entry: 0.337
Stop loss: 0.305
Take profit 1: 0.417
Take profit 2: 0.486
Score: 8
Strategy: Bullish wave LTF
ENJ - Bullish Breakout and Continuation!ENJUSD broke out of a 2.5 year pennant after hitting strong support and is continuing up. I love this long here.
ENJUSD (1H) - Bullish wave We2Hi Traders
ENJUSD (1H Timeframe)
A high probability, entry signal to go LONG will be given with the upward break of 0.3253 after the market found support at 0.3070. Only the downward break of 0.3070 would cancel the bullish scenario.
Trade details
Entry: 0.3253
Stop loss: 0.3070
Take profit 1: 0.3509
Take profit 2: 0.3780
Score: 8
Strategy: Bullish wave We2
ENJUSD +20% profit potential on this buy opportunityEnjin Coin (ENJUSD) broke last week above the top (Lower Highs trend-line) of the Descending Triangle pattern that has been in effect throughout the whole year. This is a major bullish break-out signal and despite the rejection on the 1D MA50 (blue trend-line), the price action being similar to the June fractal, provides a strong short-term buy opportunity.
Even on 1D RSI terms, the fractals are identical and it appears we are at the stage of the final leg up as this pull-back is completed. This gives a profit potential of +20% and as a result, our short-term target is 0.30000.
ENJ can turn bullish on the long-term only if a weekly candle closes above the 1W MA50 (red trend-line), which has been the long-term cyclical Resistance since February 2022 and is currently about to test Resistance Zone 1 and the 0.382 Fibonacci level. If we get this closing above it, we will buy again and target 0.43000 (Fibonacci 0.618).
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Enjin Coin USD , TF H1, Sell. TP = 0.21On the hour chart the trend started on August 20 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.21
But we should not forget about SL = 0.248
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
ENJ - More downside expected
We've successfully reached the initial target I previously mentioned (100% extension at 0.264), but an important observation is the lack of RSI divergence. This suggests the likelihood of experiencing another downward movement.
I'm considering the possibility that wave 4 might still be in progress. However, it's important to note that my analysis remains unchanged as long as we maintain a position below wave 1, as indicated by the purple line at 0.4086.
ENJ Price PredictionDigital assets in the form of NFT's will become extremely important / popular over the course of the next two decades. With the gaming sector continuously growing, and the introduction of NFT's as gaming assets, I believe ENJ will serve an integral part of the upcoming digital asset gaming economy. Accumulation time is in.
✴️ Enjin Coin 7X Lev. | 790% Potential (Adults Only)We already have a leveraged trade for Enjin Coin, is active, valid and already in the green... This trade I shared a while back and consolidation has been taking a while.
It is getting closer to the big move, the bullish breakout, so I thought that a reminder would be nice, great timing.
The targets can be seen on the chart.
You can define your own risk, levels, etc. Leveraged trading is for experienced traders only. Caution.
✔️ 0.567 That's 77.7% by 7X = 544%.
✔️ 0.678 That's 113% by 7X = 790%.
These numbers are for illustration purposes only.
Make sure to contact a professional before trading.
I am not a financial advisor.
I read charts... This information should not be construed as financial advice instead, it can be used for learning and/or entertainment purposes.
Notice that I explain my methods, the signals that I use and how it all works for your own growth and learning.
Thanks a lot for your continued support.
I am wishing you the best now and always.
The market rewards those who wait.
The market rewards those who support the market.
The market takes away from those who lack decency and patience... Plan ahead.
Be wise, learn from your mistakes.
Namaste.
#Crypto #Enjin - Ascending triangle - Long opportunityLooking at Crypto. There is a nice ascending triangle forming in Enjin against USDT. With a price of 0.30 as entry and target 1 as 0.38 it would be a nice little 26% pickup with no leverage people.
I would put a stop around that 0.2790 level
In this market you need to minimise your downside
Price = 0.3066
Target = 0.38 then re-evaluate based on RSI when you hit it
RSI = 52 so hovering above that 50 range.
Volume is tailing off as the ascending triangle forms.
STO is 52 as well and looks ready to bounce up.
