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Enjin Coin / TetherUS PERPETUAL CONTRACT

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ENJUSDT.P trade ideas

ENJ/USDT Break Alert! Bullish momentum for ENJ movement.💎 Paradisers, #ENJ is indeed a coin worth monitoring closely. 💎 The chart shows a potential bounce from the support area, followed by a successful breakout of the descending resistance, indicating bullish momentum for ENJ. ENJ may undergo a retesting phase before continuing its upward movement towards our target area. 💎 However, if ENJ fails to bounce during the retesting phase and even breaks below the trendline, it could indicate weakness in the bullish momentum. 💎 In such a scenario, ENJ might retreat to revisit the major support level around 0.272 - 0.25. This could potentially lead to a significant bounce and a reversal back to bullish territory. 💎 The bullish invalidation scenario would come into play if ENJ fails to bounce from the major support area and the daily candle closes below it. This could confirm bearish sentiment and lead to further downward movement and deeper dips. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
6
ENJ BUYBased on the provided chart for ENJ/USDT on a 1-day timeframe from Binance, here's a detailed trading plan: ### Entry Point - **Entry Zone**: Between 0.2639 and 0.3110 USDT - This range represents a significant support zone where the price is likely to find buying interest. Entering within this zone maximizes the potential for an upward move while minimizing downside risk. ### Target (Take Profit) Levels - **First Target (TP1)**: 0.4244 USDT - This level is identified as the nearest resistance where the price might face selling pressure. - **Second Target (TP2)**: 0.4707 USDT - This level aligns with previous resistance and provides a reasonable medium-term target. - **Third Target (TP3)**: 0.5212 USDT - This level represents a higher resistance zone and aligns with historical price action. - **Fourth Target (TP4)**: 0.6347 USDT - This level is a long-term target and a significant resistance level, indicating a substantial upside potential. ### Stop Loss - **Stop Loss**: 0.2359 USDT - This stop loss level is set below the support zone to protect against a deeper downside move. It helps in managing risk by limiting potential losses. ### Key Levels and Observations - **Resistance Levels**: - 0.4244 USDT (TP1) - 0.4707 USDT (TP2) - 0.5212 USDT (TP3) - 0.6347 USDT (TP4) - **Support Levels**: - 0.3110 USDT (upper entry zone) - 0.2639 USDT (lower entry zone) ### Technical Indicators - **Volume Profile**: Shows high trading activity around the entry zone, suggesting strong interest and potential support. - **ABCD Pattern**: Indicates the potential price move based on the harmonic pattern, suggesting possible retracement levels and target zones. - **RSI**: Currently around 49.60, which is neutral, indicating no extreme conditions (overbought or oversold). - **MACD**: Shows a potential bullish crossover, suggesting increasing bullish momentum. ### Trade Plan Summary 1. **Enter** the trade within the 0.2639 to 0.3110 USDT range. 2. **Set Stop Loss** at 0.2359 USDT to manage risk. 3. **Target Levels**: - **First Target (TP1)** at 0.4244 USDT. - **Second Target (TP2)** at 0.4707 USDT. - **Third Target (TP3)** at 0.5212 USDT. - **Fourth Target (TP4)** at 0.6347 USDT. Always remember to manage your risk appropriately and adjust your trade parameters based on market conditions. Use proper position sizing and consider overall market trends when making trading decisions.
by Kizaru187
ENJ - INVERSE HEAD AND SHOULDERS 2$ PROBABILITYAs we can see in the graph, I am looking one last drop to 0.28$ since in the rsi table we need to construct unconformity like in (30 December 2022). After that, I believe we create right shoulder very shortly since we havent seen any correction. We can see V shape movement like in the left shoulder. That brings us to 0.71$. Then we can see 2.20$ if that formation works. Thank you for reading! Please take your actions with your own responsibility!
Long
by kutaytrade
1
ENJ looks bullishFirst of all, you should note that the time frame is large and time-consuming. When the diametric ended, we had a bullish wave and then it ended. We are now in the second wave. We expect another bullish wave from the green range. At the top of the chart we have a liquidity pool that is expected to be swept in the next bullish wave. Also, a 3D mode can be seen in big waves, where the price can create another bullish wave and complete this 3D. The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
1
ENJ USDT Long Idea - Bullish Reversal ENJUSDT 4-Hr TF. Bullish Reversal We observe a budding shift from a prevailing downtrend to potential bullish momentum. Key support and resistance levels have been mapped, indicating areas of significant market interest. Price Action: Recently, the price has shown an upward momentum, creating a series of higher lows and higher highs, which suggests a potential shift in trend from bearish to bullish. The recent pattern of higher lows and highs could suggest an imminent trend reversal. Our strategy recommends a long entry at 0.5685, with a conservative stop loss at 0.4270 to safeguard against unexpected downturns. Profit targets are set at 0.5300 and 0.5500, aligning with major resistance zones. The RSI presents a neutral stance with a bullish bias as per the moving average crossover. Traders are advised to monitor these levels and adjust positions accordingly to market dynamics."
Long
by ChartsInsights
EnjUsdtOne of the currencies left over from the first movements of the market, but it will be halving in about a month, and after that the main movement of the market will begin, and until then the market can have a correction. Enjin is one of the good currencies for NFT and gaming. The research is on you, but with this persistence, it can start a powerful movement Good luck EntryPoint: 0.4533 0.4050 0.3508 Supports: 0.3255 0.2923 0.2390 0.2070 Resistances: 0.5533 0.6390 Trgets: 0.7200 0.8090 0.9562 1.1832 MidTime: 1.5510 1.7877 2.1910 HODL: 3.2043 4.2000 5.9300 GOAL: 8.6725 GL
by Shivaz
ENJIN (ENJ) JOINING THE ALT SEASON PARTY I should have posted this earlier, but didn't have the chance however it is not too late because from the current price to the wave 5-yellow target is a 100% potential. Price action is solid, the coherence between volatility and volume on the relative strength index and chart is strong as well. Based on Elliott wave theory this spike up could definitely be the wave 3 of an impulse that could take price to $1.5. Whatever decision you make have it in mind that this is an accumulation phase for a mid to long term gain. Be wise, do not go all in like a degenerate, delegate your portfolio and DCA for the ALT SEASON that has already began but still at the early stage. OTHER ANALYSIS
Long
by DewyCandles
2
ENJ/USDT planning bullish ride from support| 🚀ENJ Analysis💎 Paradisers, take note #ENJUSDT is on the move, breaking past resistance and setting the stage for a bullish trajectory. A successful retest turning resistance into support could confirm a strong bullish push past the $1.0165 resistance level. 💎 On the flip side, if $ENJIN upward momentum falters and it dips below the $0.5464 support, our focus shifts to the lower support at $0.4240. The rich liquidity at this level presents an opportunity for a powerful bullish strategy upon contact. 💎 Vigilance is crucial: a breach below this secondary support could signal a deeper dive as market sentiment leans towards selling. Stay alert, traders, as we navigate #ENJ's market dynamics.
Long
by MyCryptoParadise_Simon