ENJUSDT.P trade ideas
Bullish ENJINEnjin showing bullish signs of breakout. Of course it depends on the BTC chart at the end of the day.
ENJ 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
ENJIN - One of our FavoritesUpdated chart on ENJIN, one of our favorite projects.
Destination 2 and why not above.
Let's go ENJIN.
the FXPROFESSOR
Enjin? No upward movement!ENJ is within wave B of wave Y.
Due to current correction pattern, I think it's a kind of triangle patterns.
If it is as I said, it would be a timing correction.
Therefore there is no specific upward movement because of the correction pattern completion.
ENJ on the way downThe ENJ experienced a significant decline on April 29 and 30 after the formation of the head and shoulder pattern After that, due to the fall of Bitcoin, it continued to decline.On May 27, red candles appeared again after failing to maintain the uptrend.There is 1.21 support in the downtrend, which if broken, the touch of 0.80 important support is not far from expectation.This is not a financial recommendation
ENJUSDT - Daily ChartENJ need to set a daily higher low, we are currently testing broken resistance ( the falling wedge)
If we can make this a support zone, i expect us to see a nice reaction.
For every new follower i will add a new idea :)
Short - ENJ/USDTPShort
Reasoning,
Retest at resistance level confluence with supply zone (Gray box) and trendline,
Stoch RSI indicates overbought,
Take a risk 1% max...
Targets / invalidation point in the chart
ENJUSDT - Short - 12.43%ENJUSDT - Short - 12.43%
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (1X)
Entry Zone:
1.8260 - 1.8974
Take-Profit Targets:
1) 1.7286
2) 1.6038
Stop Targets:
1) 1.9855
Trailing Configuration:
Entry: Percentage (0.0%)
ENJ Bull Flag Formed, Time for another leg up?Based on the depth of the chart and the forming patterns, a move up for ENJ could be possible today. Trade at your own risk and this is not financial advice.
enji ideaman alot of coins are at their daily support, btc struggling to keep up, if it doesnt get sht together alts could fallow it all the way down to 30k again but hopefully not, this are the two enji supports i can look at now, unortunatly it lost the 2.00 so , if it loses this as well,expect more downside, so make sure you set the stop loss
