ENJUSD trade ideas
ENJ is about to go Parabolic in the coming months!!
FACTS:
1. NFS's are the future!
2. Can buy in Coinbase, BInance, and the big exchanges!
3. Market Cap: 1.8 Billion (HIGHLY UNDERVALUED!)
4. Supply: 1 Million (Price will be in the 2-3 digits in the near future)
Target (Sell at Fib targets shown here)
Target 1: $10 (Corresponding to the 3.618 Fib)
Target 2: $12 (Corresponding to the 4.236 Fib)
Final Target: $48-50 (Corresponding to fibs) end of year after the 70% correction!
Everything is on the chart! ENJ is on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are BUYING OPPORTUNITIES! HUGE GAIN opportunity in the coming months!!. On the chart, Stochastic RSI is about to cross on the weekly again. We need confirmation end of the week. RSI is clearly oversold on the weekly! NEVER TRADE BLINDLY. USE MULTIPLE INDICATORS TO MAKE CALCULATED DECISIONS. TRADE WITH NO EMOTIONS!!
CHARTS DON'T LIE!! Small/Mid size Corrections will happen on this journey to $12 which corresponds to the Fibbonacci target in the next couple of months! Once target is met, a HUGE CORRECTION (maybe 70% dip) will occur. Take profit and buy again for the REAL bull run to begin!
Check out the Altcoin season chart below (Crypto Total Market Cap Excluding BTC ). We are on the verge of another altcoin super cycle
Altcoin Season is just getting started!! BULLISH CROSS on weeky!
Bitcoin dominance will die down and Altcoins will take over!! Whales/bots/institutions will be moving their Bitcoin ( BTC ) into the Altcoins, meaning Altcoin Season is just getting started.
Money flows like this:
FIAT > BITCOIN > LARGE MARKET CAP COINS > MIDDLE MARKET CAP COINS > SMALL MARKET CAP COINS > back to FIAT, and the cycle starts again.
I have moved majority of my BTC and diverse them into different altcoin positions. (ETH, HBAR, GRT , XLM , XRP, NEO, SNX , BNT, BCH, ADA, LTC, BTMX, LINK, FORTH, ENJ, and NKN are the some of the altcoins I am moving BTC too).
Get ready to have an explosive Altcoin season just like what happen in the 2017 bull market. Once my sell indicators hit, I will be selling my positions to buy real estate, a lambo ;) , and moving the rest to Ethereum to Stake it!
Good Luck!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
I added some ENJINI recently added some ENJIN
a flat alligator stucture such as this is a extremely bullish indicator
suggesting that price will continue up on the USD pair
I like it
ENJIN - Now Boarding Passengers to the moon. Enjin has been held down by some tremendous resistance in it's BTC pairing but has been plowing through it like a champion, and now looks to ready to pop. Cheers.
Enjin Coin (ENJ) - April 29Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ENJUSD 1D chart)
We need to see if we can get support at 2.67570597 and get off the downtrend line.
If it goes down, you need to make sure you get support at 2.45973917.
If it falls in the 1.79815147-2.01754009 section, a Stop Loss is required to preserve profit and loss.
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(ENJBTC 1W chart)
(1D chart)
We have to see if we can get support and ascend at the 4811 Satoshi branch.
If it falls, it remains to be seen if it gains support at the 4484 Satoshi spot.
3344 Satoshi-3711 If you fall in the Satoshi section, you need Stop Loss to preserve profit and loss.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Possible move up before decision of a confirmationEnjin ever since listed on coinbase has been in a descending channel. Possible for it to test the next fib level around $2.23 and if it can break out from there. To test the upper channel around $2.38. Possible breakout with a pull back to confirm and we can see it break out of the descending channel to move up to $2.50s again.
However, if it fails, we will fall further to below $1.81.
Not financial advice, trying to put what I know to the test. I believe with BTC going down, it does bring the rest of the market with it.
ENJ having trouble breaking the resistance at $2.80Wow what a week of uncertainty. Been looking at ENJ for the past couple of days and it seems it is having trouble breaking resistance at $2.80.
Could we see a potential drop to $2 before we try again? Maybe. I am sure as hell waiting down there.
Not and financial advisor. This is purely speculative.
Enjin Post-Coinbase, 1-HOUR Timeframe, 4-20 IdeaCoins always do well leading up to their becoming tradable on coinbase.
Then they do their big dramatic sell off.
And after that ... ?
Que sera.
These ideas and (somewhat arbitrary) predictions are always fun to revisit regardless of what transpires!
xox
Concern for the Big RetraceVery clean chart, leaving out a lot of the analysis that goes into finding this. Correlation between BTC and ALTS sitting positive 2-6x on avg right now. Folks don't like to hear it and I'm not saying this will happen. But should things get nasty, we'll be ready with our strategies. Hope BTC holds 50k well enough.
enji ideasenji can be bought here at 2.84 but ideal entry is 2.60 grabbing some coins just becase i can lol. this is not a trading advise . good luck
ENJ.X: Wait for a better dipIf you are waiting for a better dip, anywhere around $2.6 is your sweet spot. Although, it's always great to wait for a confirmation. For now, ENJ is heading down and should settle around its major support line as you can see on the chart. Whether this line is where we see a bounce back or not, really depends on its big siblings, BTC and BNB. AT the time of wiring this analysis, there is no immediate threat to those guys and ENJ should most likely continue it's upward trend after it tests $2.6 short term.
ENJIN COIN BACK TO the TOPEnjin coin after 61.8% fib retracement from ATH , made a major pivot an retest the support line. I am waiting for a bullish candle for TRUE breaking the resistance line.
targets are clear in the chart.
ENJUSD horizontal scrollingI'm strong believer that we're in a channel for the ENJ. Seems like we found our support of $3 after a fantastic new ATH of $4. I do foresee this going sideways in the near term. Time to get those bags filled.
Absolutely under no condition am I a financial advisor.
ENJ LONG W/ E WAVE For my records.
I played this like a violin and I am now richer. Trends repeat in crypto.
ENJ/USDT Long Opportunity (Don't Miss Out)Hello masters, how's the trading going?
If not well then presenting you one more potential setup called ENJ/USDT.
Currently things are looking very well in this, successfully breakout from falling wedge and retested. If BTC will not show any drama then we can see price hitting resistances again, current price will be good long entry IMO.
Make sure you use stop loss if market move in opposite direction.
peace:)
ENJ not looking too healthy on the dailyFriday morning (Central Time) was a fantastic day for many of us. ENJ reached $4, but by the end of the day, left some us bitter. Like many others, I forgot to pay attention to the overall picture. Well it looks like this.
Anyone concur with this chart?
Approaching the end of weak hands selloffTwo simple factors to consider about Enjin Coin:
Incoming disruption of the NFT ecosystem through Efinity and Polkadot synergy
Ecological relevance thanks to gas free minting through the Jumpnet framework
WHO BOUGHT (AND WHY IT MATTERS)
On the 7th of April the Coinbase listing created a massive catalyst effect, probably attracting a few whales into its space.
This created a strong support at the 3USD level.
WHO SOLDS (AND WHY IT MATTERS)
Thousands of small players woke up with the temptation of a decent profit after participating in the ICO and buying in over the last 2-3 years.
These small players HAVE NO IDEA about the two factors listed above or the fundamentals of Enjin.
They mainly cared about paying off some mortgage, buying a car, spending money on some hookers, etc.
It seems the head and shoulders pattern was invalidated today, this suggests me the sell-off ended.
Volume tells us there were probably no whales involved in the sell-off.
My idea is that we shook off the bad apples from the tree and ENJ is now free to climb its path towards being a top 10 crypto, as it deserves to be.
#ENJusdt #ENJEasily we can reach our first target around $4.9.
ALSO, $3.18 is a Golden area to BUY.
#Enj description:
The coin of a company that provides blockchain-based gaming products and a social gaming platform has shot up nearly 1960% since the year began. ... On Wednesday, Coin base said it would launch ENJ on its platform and trading will commence on April 9, if liquidity conditions are met.
Share my idea with your Crypto lover Or trader!
