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ENJUSD trade ideas

Enjin Coin (ENJ) with bearish divergence on weekly RSI - danger?Enjin Coin (ENJ) with bearish divergence on weekly RSI - danger? A similar bearish divergence can not be seen on the OBV - that looks stable. If we don't see higher highs with higher RSI peaks it might come to a longer correction. But here the weekly MA Ribbon (green line) is a well respected support 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison. *no financial advice do your own research before investing
BINANCE:ENJUSD
by Crypto4Everybody
2
BUYING Enjin Coin (ENJ) for a move up to $6.50!Enjin Coin (ENJ) Fundamental Analysis Enjin Coin is a project developed by Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. The company is using a great and innovative approach for taking the Blockchain space and elevating its utility and application, by connecting it to real-world value. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores. The team at Enjin aims at building a product ecosystem that will help humanity create advanced virtual economies through the power of blockchain technology. Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value. Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018. Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs). Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users: • Infuses them with a reserve value • Ensures their transparency and scarcity • Gives them instance liquidity • Provides utility in games and apps • Anti-inflationary • Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within. • The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain. Enjin’s co-founder Witek Radomski wrote the code for one of the first ever non-fungible tokens (NFTs) and is also the co-author of the ERC-1155 Ethereum token standard. Technical Analysis From a technical perspective, we’ve recently seen a strong 32% correction on ENJ, which has normalized the price action on the asset, as it had previously experienced a remarkable close to a 300% increase in the October – November period. As you can see, the uptrend channel on the daily chart is completely intact and the current corrective phase has brought the asset down to its upward sloping diagonal support line (blue line). This line has proven to be a great entry point for opening LONG positions on ENJ in the past. The price has held above its 20, 50 and 200-period daily EMAs, which is another signal for the absence of strong selling pressure, showing that the most recent correction was more driven by a profit taking interest after the strong rally and a broad market weakness, rather than an intrinsic weakness of the project. Both the RSI and the Stochastic oscil lator have already retraced from their overbought conditions, with the RSI already moving sideways, showing a rather neutral relative strength at the moment. However, we believe that the risks are skewed to the upside and that the current rather positive macro framework for the crypto market and the point that we are currently at in the current crypto market cycle are all signaling that ENJ should be moving sharply higher from here. Our plan is to open our LONG positions on ENJ around the $3.35 level and look to exit half of our position at $6 per coin and then close the rest at around $7.50-8 per coin. We will place our Stop Loss at the $2.49 mark in case of a major price breakdown. At any rate, we will be interested in opening a much larger position again on ENJ if the price drops towards the $1.80-2.00 range.
ELong
by DowExperts
5
Update on ENJUSD (2nd Peak soon?)• ENJUSD has been forming an ascending parallel channel since Mar’20 • She touched the topline of this channel at her 1st peak. • The Fib levels from 1st peak to bottom, from top to bottom of Wave 2, and from top to bottom of Wave 4 (assuming Wave 4 is over), suggest that she will reach the topline of this channel again between $6.076 - $8.056. • ENJUSD has been forming a cup & handle since her 1st peak, and seems to be completing her handle at the moment. There is confluence with Fib levels, as the C&P suggests a 2nd peak of approximately $7. • RSI levels appear to be forming a cup and handle too, but from end-Apr’21. This C&P suggest a weekly RSI peak of approximately 97%. Watch the weekly RSI hit around this level, dip and reach a lower high like what happened in Apr’21. • *****Assuming BTC does not drag ENJUSD down****, and *assuming* we have identified the correct Fib levels, *and* the bottom of Wave 4 is in, then we should start approaching the topline of the parallel channel again quite soon. • My gut tells me that we will break through the resistance levels at $6.076 - $6.519. I’m not optimistic that we will break through the resistance levels at $7.845 - $8.237. But let’s monitor and observe. • At the moment, here are my TPs. I’ve learnt my lesson from LRC. TP1: 6.178 (10%) TP2: 6.590 (20%) TP3: 7.002 (30%) TP4: 7.826 (40%)
BINANCE:ENJUSDLong
by AlphaBravoCharlie77
3
ENJUSDT H16: BEST Level to BUY/HOLD 150% gains(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! ENJUSDT H16: BEST Level to BUY/HOLD 150% gains(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: ENJUSDT 16hour chart review ::: chart looks good /strong ::: accumulation in range ::: some overhead resistance ::: expecting pullback wave4 ::: back to mirror S/R level 2.80 USD ::: expecting short-term pullback 20%/30% ::: BULLS wait for re-test of key S/R ::: and BUY/HOLD after pullback ::: BULLS get ready to BUY after pullback ::: TP bulls is +150% gains later ::: expecting re-test of heavy resistance ::: details: see chart ::: FINAL TP is 150% gains ::: recommended strategy: BUY/HOLD after pullback ::: TP BULLS +150% gains ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: SHORT and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS ::: Sentiment short-term: BEARS/PULLBACK RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
ELong
by ProjectSyndicate
10
Enjin Coin (ENJ) - November 23Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ENJUSD 1W Chart) - Medium to Long-Term Perspective Above the 0.53431903 point: the uptrend expected to continue (1D chart) First resistance zone: near point 3.99203773 Second resistance section: 4.43081499-4.65020361 First support section: near point 2.67570597 Second support section: 1.79815147-2.01754009 You need to check if you can get support and climb in the section 3.3387185-3.55326047. The price should hold above the 2.86112023 point to continue the uptrend. Accordingly, if it falls in the 2.45973917-2.86112023 section, it may fall below the 1.79815147 point, so a short-term stop loss is required. ------------------------------------------- (ENJBTC 1W chart) 1911 Satoshi-2567 Satoshi or more: Expected to create a new wave. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released. (Since it is not publicly available, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.) ---------------------------------
BINANCE:ENJUSD
by readCrypto
1
Taking Another Look at ENJINA large curve (or parabola (I think)) can be drawn on the ENJIN chart, showing a previous point of resistance turning directly into a point of support This point of support is further emphasized with a golden cross right on the line This suggests the bull movement is not over, and price will continue to rise The main structure can also be drawn as a symmetrical triangle, which also has a bullish nature The circles I have mainly placed for fun, but a nice trendline up against the circles can be drawn, displaying the symmetry of the chart I am long ENJIN
HITBTC:ENJUSDLong
by Bixley
8
Enjin Coin Price AnalysisThe 4-hour chart shows that the Enjin cost has opposed odds in the past few days. While most coins have slammed, Enjin has kept a somewhat bullish pattern. It is even only a couple of points beneath its most elevated level this year. The coin has additionally moved over the rising, It also seems like it is forming an ascending triangle pattern. This pattern is usually a bullish sign. The Relative Strength Index (RSI) has risen while the price is above the 25-day moving average. In this manner, Enjin will probably continue to ascend as bulls target highs of $3.6, which is around 16% over the current level. This analysis will be negated in the event that it falls beneath $2.5. Hello, community, please if you like my ideas do not forget to support them with your likes and comment, and you can also get in touch for daily signals and alerts.
KRAKEN:ENJUSD
by thomasfullerofficial
1
ENJUSD H16: THE BEST Level to BUY/HOLD 600%+ gains(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! ENJUSD H16: THE BEST Level to BUY/HOLD 600%+ gains(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: ENJUSD H16 chart review ::: noteworthy compression ::: BUY LOW later ::: after a decent pullback ::: updated/revised outlook ::: overall strong chart ::: BULL FLAG pattern ::: focus on buying lower later ::: final swipe lower possible/likely ::: but then expect MASSIVE GAINS ::: chart looks good /strong ::: still valid today / great setup BULLS ::: BULL FLAG setup with massive upside ::: still expecting pullback off the highs ::: get ready to BUY LOW later ::: accumulation in range previously ::: then we had 650% gains PUMP ::: we had 2 pumps already before this ::: 650% pump - pullback ::: then 650% pump and now pullback mode ::: expecting short-term pullback ::: BULLS get ready to BUY after pullback ::: TP bulls is +600% gains later ::: expecting decent gains soon ::: 30-40% pullback short-term ::: recommended strategy: BUY/HOLD after pullback ::: TP BULLS +600% gains ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS ::: Sentiment short-term: BEARS/PULLBACK RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:ENJUSDLong
by ProjectSyndicate
10