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Enjin Coin / TetherUS PERPETUAL CONTRACT

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ENJUSDT.P trade ideas

✴️ Enjin Coin Highest Volume Since Mid-2021 | Bull-MarketYesterday's session produced the highest daily volume since April 2021. Every time we see a massive increase in purchase volume this precedes a bull market. This is no surprise, after the bottom is hit, the only place left to go is up. The bottom was hit December 2022 for this and many other Altcoins, so the path is clear for growth. Notice back in 2021 the massive increase in volume... Volume flat through late 2020 and then a sudden jump preceding a bull market. The same is happening now. Volume completely flat through late 2022 and a sudden jump happens yesterday... There is potential for so much growth. Namaste.
Long
by MasterAnanda
2
ENJUSDT is creating a new pennantENJUSDT is showing signs of potential weakness. The market has created a pennant formation after a clear bearish move, indicating a temporary pause in the trend before a potential continuation in the direction of the prior move. Currently, the market is in a consolidation phase after a clear bounce on the daily support. If the price creates a bullish impulse and retests the 0.46$ area and creates another bearish impulse, the target could be the 0.34$ area. According to Plancton's Rules, if the price loses the 0.39$ area, a new short position may be possible. This is because the breakdown from the support level indicates that the bears have gained control, and there is potential for the price to continue moving lower. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
6
ENJUSDT could retest the 4h supportENJUSDT has recently retested the daily resistance level at $0.55. However, the price was rejected at this level and subsequently lost the weekly support as well. This suggests that the market may experience a downward trend in the near future. If the market continues to decline, there is a possibility that the previous weekly support level could be retested as new resistance. Traders may want to apply Plancton's rules and consider taking a new short position if the price fails to break through this level. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
6