Bearish Pennant Early EntryENJ has pumped up to the top of a triangle and looks to be breaking out i plan to fade this move by shorting this breakout and trading this like a bearish pennant.
ENJUSD trade ideas
ENJ and MATIC Symmetrical Triangle Similarities observed between Enjin and MATIC
Both are displaying a symmetrical triangle, then a large breakout to the upside
MATIC won in the % breakout to the upside, but that doesn't mean Enjin can't catch up, (plotted with bars pattern (line in green))
I invest in this NFT; Enjin Coin rally!!!I see that Enjin Coin it's look bullish. Today, I have in hold 10,000 ENJ. Enjin Coin could to up to $6 USD. In this point, I will take earns, but based in the other ratio, I decide to sell in Ethereum to accumulating Ethereum.
My reccomendaton if you have a cryptocurrency that moving up now, notice that Enjin Coin it's woke up now.
Enjin Coin (ENJ) - July 20Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ENJUSD 1W Chart)
If the price holds above the 0.94398280 point, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained in the 0.92059695-1.35937421 range, it is expected to turn into an uptrend.
If it goes down, you should check to see if it finds support at the 0.70120833-0.92059695 zone.
If it declines from the 0.70120833 point, there is a possibility of entering the mid- to long-term investment zone, so you need to trade cautiously.
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(ENJBTC 1W chart)
If the price is maintained above the 2567 Satoshi point, it is expected that the upward trend will continue.
(1D chart)
It remains to be seen if the 3344 Satoshi-3711 Satoshi section can support and rise.
If the price is maintained in the 3711 Satoshi-4811 Satoshi section, it is expected that the upward trend will continue.
If it falls from the 3344 Satoshi point, Stop Loss is required to preserve profit and loss.
However, it is possible to rise by touching the 2567 satoshi-2866 satoshi section, so you should also think about preparing for this.
If it declines from the 1911 Satoshi point, it is expected to enter the mid- to long-term investment area.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it 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 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 as price and volume move.
However, for the sake of convenience, we are talking about the indicators in reverse.
** 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 a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See 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 a profit or loss in investment.
Explanation of abbreviations shown in charts
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Invest in this NFT: Enjin Coin will explode soon!!!Enjin Coin it's showing as the unique altcoin that could to continue up and there're not any bad news if we see ENJIN/BTC or ENJIN/ETH to compare with these ratios. I see the same perspective that it's bullish. I just show you why invest in Enjin Coin because I'm so interesting to move my capital of what I hold Ethereum to Enjin Coin to find up the smart money in what cryptocurrency are exploding now. I believe that Enjin Coin could to continue up in the next days and I'm not invest in Enjin Coin, but I decide to invest in this NFT because if we see Cardano, Cardano it's make a slow movement and I know that Enjin Coin could to make volatile up movement. That it's my perspective in what I see Enjin Coin, I see that Enjin Coin break out the bearsih channel and today, Enjin Coin could to make support above of $1.30 USD and that it's an excellent way to invest in Enjin Coin, accumulating your favorite cryptocurrecy. For example: Cardano it's my favorite cryptocurrency, and also, another cryptocurrency in my radar it's XRP to possible investment soon or hold and be enfocous in XRP changing to my plan B.
s3.tradingview.com
Now, in weekly timeframe. Enjin Coin it's look bullish and more early than another cryptocurrency like XRP or Cardano, and included Ethereum. For that, Enjin Coin could to experiment a fast movement volatile.
Guys, remember, based in my own experience, I know how cryptocurrrency work and i know using my data what cryptocurrency its the turning to move with extraordinary movement to up to invest. I have 3 years of experience in cryptocurrency since 2018 and I know it very well.
In some minutes, I will going to analyze Enjin against the Bitcoin and Ethereum ratio to know if there's any chances to get smart money and use it to accumulate my favorite altcoin.
ENJIN Targets and Support/Resistance1.272 is my TP for now for ENJIN
Red circles / ovals can be seen as levels of resistance
Green circles / ovals can be seen as levels of support
You can see how previous resistances are now zones of support
ENJUSDBINANCE:ENJUSD is bearish and currently being wedged down by the 200 EMA (black line). We are bearish until we break over the blue downtrend line.
Steps to take:
Buy on candle open/close above $1.83 resistance line OR at break of blue downtrend line OR multiple buy signals
Should we dip down to the lower blue uptrend line that would also be a good buying opportunity
Sell if candle open/close below current support line
updated enjusd sell target updated enjusd sell target
i'm shorting at .618 or .17 after i sell with tight trainling stop, buying back at .145 to hold to .19
ENJIN - Two Scenarios 1 - Z00m Scenario implies large volatility coming, and a large spike upwards above the recently rejected fib level
2 - Implies a right shoulder formation coming
Personally 1 I favor, because its more fun, and also because I hodl Enjin :P
enjusd at inflection breakout oversold bounceat relatively weak resistance, 1.05 will be most challenging, we break that next is 1.09-1.11, then 1.19, then 1.27 zone pretty quick if we can break above 1.09ish
Enj massive bullish head and shoulders Enj massive bullish head and shoulders
Will take us to 1.14-1.25 zone
18 June : ENJUSD good opportunity to buy Hi everyone, prices are testing support now, in line with our 61.8% retracement and we could see a bounce from here. Stop loss is placed below the previous low and take profit targets are based off the fibonacci retracements.
ENJ moving up after the correction from topRSI divergence signalling some big investors or funds accumalating ENJ, once above 1.5 it can rocket to 2 and then much higher ...
Enjin Coin (ENJ) - June 18Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(ENJUSD 1W Chart)
We need to see if we can continue the uptrend by moving above the 1.58953080 point along the uptrend line.
(1D chart)
We should see support at the 1.35937421 point and see if we can move along the uptrend line.
If it deviates from the downtrend line, I would expect it to move towards the 1.79815147-2.01754009 section and re-determination.
If it falls from the 1.35937421 point, a Stop Loss is required to preserve profit and loss.
However, it may follow an uptrend line, so you need to trade cautiously.
-----------------------------------------
(ENJBTC 1W chart)
If the price is maintained above the 2766 satoshi-2943 satoshi range, it is expected to maintain an uptrend.
If it falls from the 1911 Satoshi point, it may take a long time to rise as it enters the mid- to long-term investment area.
Therefore, careful trading is required.
(1D chart)
It remains to be seen if the 3344 Satoshi-3711 Satoshi section can find support and break out of the downtrend line.
If it falls from the 3225 Satoshi point, Stop Loss is required to preserve profit and loss.
However, it may follow an uptrend line, so you need to trade cautiously.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it 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 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 a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See 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 a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
How i see ENJINThis is how I see this situation unfolding
A weak rejection and then a massive bull move
I added more ENJIN today
$enj chart looks good for swing tradeWelcome to my analysis on $enj, in my opinion if it breaks $1.73 region then it could easily go to $2+ region..
