ENJUSD trade ideas
ENJ/USD- Retesting Break - Potential Entry IdeaENJ broke briefly from trend and is now retesting original break price.
I'd like to see a candle close above resistance before taking a position here and will be running a reasonably tight SL.
Target will be 20% from break if confirmed.
Alternate entry at the lower end of the channel or lower support line.
As always not financial advice, just thoughts and TA.
Bingaz
Enjin Coin (ENJ) - June 2Hello?
Dear Traders, Nice to meet you.
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Points to be supported : 0.20006360 points
It is expected that those who had previously bought in the 0.13625483 to 0.20006360 segment will now begin to realize revenue.
Accordingly, we believe that careful trading is necessary.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ENJ ready for second wave upENJ looking ready to pop along with a lot of other ALTS for its second wave up.
Entry: break of ST downtrend and retest
Opposing view: Weary of what bitcoin is doing as well as the SPY ( strong correlation between the two), if we see a big down movement could see ENJ and other ALTs follow suit.
ENJ/USD- Incoming Pump?I've been a fan of Enjin for a while. Solid project with excellent real use case.
News doesn't seem to affect price the way it once did but with the recent announcement of popular video game Minecraft integrating Enjin Blockchain utility for their users we may see some gains here.
The exposure alone to a wide variety of new users may see this project move forward at an exponential rate.
Not at my ideal buy-in price but I'll be watching closely.
As always, not financial advice, just my TA and thoughts.
Any feedback welcomed.
Bingaz.
ENJUSDT LONG - THE XVG OF 2020Hey everyone,
looking forward for a mega run of ENJUSDT as massive bullish pennant is on the break here.
Massive Risk-Reward-Ratio ( RRR ) with a nice confluence with Point-of-Control ( POC ). Arguably the Fibonacci impulses don't look amazing but the basic TA pattern really trumps everything else here
Buckle up and hold on :)
Take care,
Vlad The Crypto Trader
ENJUSD Possible breakout Take from this what you want to.
TP 1 .143ish
TP2 .1.49ish
Seems to have a confirmed break out of trend lines
Looks like a good short term play. Long term breakout happened 3rd week in Jan so possible 1week+ play.
Over all looks strong in my opinion.
Let me know your thoughts or questions or dm me!
not advice just an idea.... I am some random dude on the internet...
ENJUSDT: First Contact of 200D 1.25 Stdev Upper Band in Months*Not financial advice*
I had tweeted out about this setup weeks ago after $ENJ had finally dumped sufficiently following hype from Microsoft's announcement of their pilot with Enjin for "Azure Heroes" NFTs. twitter.com
These long term bands are finally compressed quite tightly (relative to the massive expansion for Samsung's announcement last Spring), likely signaling a very volatile event in the mid term. In addition to this compression, ENJ/USD has steadily come closer to the 200D mean, and like in last Spring, maintained a very close distance to this MA for some time (these last few months) before exploding upwards. A pump through the upper 200D bollinger band at 1.25 standard deviations, a very reliable price pivot area, would likely result in a multi-week (and very volatile) rally. And somehow, this price even lines up as the entire vertical range's point of control (POC), likely a result of intense accumulation at this price for the two other cycles.
Be sure to do your own research into Enjin, because this has proven to be a very interesting project over the years.
I will attempt to update this post with targets as this unfolds, but activity like this isn't really too easy to plan for. Good luck!
ENJ - BULL FLAG TRAPPED IN SIDEWAYS CHANNEL - CryptoManiac101ENJ / USD TA
Here we are looking at a bull flag that got trapped in sideways channel.
Is this a BUY or SELL?
Short term entry here is higher risk VS if we wait for it to clear local resistance.
In long term it's a BUY as seen from chart below. We see it bottomed out and bounced off long term established support.
ENJ the next big boy in crypto #gemhunt 200% profit potentialhey guys welcome for another gemhunt in altcoins, now as you know previously we picked some of the best altcoins for you which gave huge huge profits in just some time, our first pick was Matic and second one was One we took great entry and exit points in both of this coins, next coin i want to add in my list is ENJ or Enjin, which is something definitely looks damn bullish and strongly holding support levels even against Bitcoin's price volatility.
now in the upper chart which is 3day candle chart, the first thing you see is the red support line which bulls strongly hold upto 6 months, this is the major line between bulls and bears, if prices goes below this than its really difficult to say where drop will hold the support
next is the green line the major short term support level we need to hold for the next rally any daily close below this will lead the drop towards the red line, so that's a good place to set your stops, right now this short term support is sitting around 0.075-0.077$ level
the horizontal white lines are small resistances where you need to take profits and cut your position, and the pink zone you see will be the first major resistance and after that the red zone is more likely the place where you expect a reversal, incase if prices breaks the red zone than 0.025$ could be the last extended stop for the rally.
at the bottom as you see 3 day RSI is clearly making a higher lows with prices forming lower lows formation, indicting for a strong bullish divergence.
here's the weekly view of ENJ, now the very first thing are the moving averages which you see in chart, clearly we made a successful weekly close above 55 and 21 wema which is a strong indication of a rally, plus bulls are strongly protecting 21 wema which is right now sitting around 0.075$, another major factor is my custom indicator which has just left the green and blue zone and strongly moving in the yellow zone, so clearly no sign of weak momentum, next thing to notice is the upper trend line you see connecting tops which is the key level we need to break to keep moving higher.
here's the daily chart which looks damn beautiful, notice that how perfectly prices hold the golden ratio fib618 level for almost 6 months, even when bitcoin is highly volatile ENJ keeps hold its position, and my custom indicator is showing that we've now moved in the red zone which is a strong signal of keep moving higher and making higher highs and keep breaking resistances.
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