ENJ looks promising. ENJ needs to correct its movement from the top to bottom. It is expected to reach the Fibonacci golden ratio zone.
ENJUSDT trade ideas
Enjin Coin - Ready to start again After a short bearish trend, ENJUSDT can be bullish again - now as 0.21
ENJUSDT showing bullish flag pattern in 1h time frameENJUSDT showing bullish flag pattern in 1h time frame
My game Plan for ENJUSDTCurrently we are bouncing of from fib 0.618-0.66 zone and upheld by Avwap March 2024 highs.
If we come down to take the lows “Monthly and VAL” Checking on reaction its would give us a good entry level for a swing trade up at least to POC than even to VAH zone.
I would prefer to entry this trade as a intraday trade with tight Stop loss turning in to Swing trade.
Lets see 😊
ENJ POSSIBLE LONGNYSE:ENJ Possibly cooking something huge on a weekly TF, keeping a close eye for a confirmation of the cup and handle pattern to fully form.
enjusdt long💎Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
⛔️INSTRUCTIONS 1:
Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss
⛔️INSTRUCTIONS 2:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
#ENJ (SPOT) entry ( 0.1500- 0.2150)T.(1.2000) SL(0.1476)BINANCE:ENJUSDT
#ENJ / USDT
Entry ( 0.1500- 0.2150)
SL 1D close below 0.1476
T1 0.4300
T2 0.6600
T3 1.0000
T4 1.2000
______________________________________________________________
Golden Advices.
********************
* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
Useful Tags.
****************
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ENJ planThis is my ENJ plan. I exptect us to stay in the orange box. If we go down it will be a deviation.
$ENJ - Ready for the next leg higherBINANCE:ENJUSDT Stalled on descending resistance line on log chart - Ready for the next leg higher with the Momentum indicators fully reset.
ENJ cup and handle completedCup and Handle Pattern:
The chart highlights a well-formed cup and handle:
The cup phase is complete, with a rounded bottom structure that indicates accumulation.
The handle phase is currently forming, showing a slight downward consolidation, typical of this bullish continuation pattern.
Key Levels:
Cup Rim Resistance: Around $0.34 - This is the breakout level for the pattern.
Handle Support: Around $0.22 - This is the lower boundary of the handle.
Key Support Levels:
$0.22 (Handle Support).
$0.1534 (Major Horizontal Support).
Projected Target:
Upon a breakout above $0.34, the target is calculated as the height of the cup ($0.34 - $0.1534 = $0.1866) added to the breakout point. This gives a target of approximately $0.5266.
Indicators:
MACD: Showing bearish momentum, but the histogram is flattening, suggesting a potential reversal soon.
Volume Oscillator: Low volume during the handle phase, which aligns with the expected behavior of the pattern.
MFI (Money Flow Index): At 18.99, MFI indicates an oversold condition, a bullish signal in the context of the handle.
RSI: At 40.48, RSI is in a neutral zone, but it’s approaching levels that suggest potential upward movement.
TradeCityPro | ENJUSDT Analysis Christmas Holiday👋 Welcome to TradeCityPro Channel!
Let’s analyze ENJ during the holiday season and identify triggers across different timeframes to make the most of market opportunities. Don't forget to check the Signature section at the end for updates! 😊
🌐 Overview Bitcoin
Before diving into ENJ analysis, let’s look at Bitcoin. It broke the 95445 short-term support and is expected to move toward the 92722 support, where it might form a new structure. Key support levels for Bitcoin are 91K, 86K, and 81K, which hold significant importance.
Additionally, Bitcoin dominance is also dropping, forming red candles during this decline. This means the market as a whole is correcting:
Coins bullish against BTC are correcting less, Coins bearish against BTC are showing more red candles than Bitcoin itself.
📊 Weekly Timeframe
ENJ hasn’t shown significant movement. After breaking its smaller box resistance, it entered the larger timeframe box, only to get rejected from the upper boundary and return to the entry point of its box.
The 0.3743 resistance has become increasingly important. Once broken, it could signal a buy opportunity, preparing for a potential break of 0.6920. However, ensure the breakout is accompanied by increasing green candle volume and confirmation through RSI surpassing 83.90.
If you are holding ENJ and looking to activate your stop loss to exit, it’s logical to sell after breaking 0.1256 and closing a weekly candle below it. Always take stop losses seriously and look for re-entry triggers later.
📈 Daily Timeframe
After hitting the 0.3838 daily resistance, ENJ has formed lower highs and lows, returning to the 0.2116 support zone, which is crucial.
This 0.2116 support holds significance due to Fibonacci alignment,Its position on the 50% level, indicating potential for a rebound if the trend weakens.
Alternatively, breaking this support could lead to lower lows, bringing ENJ back into its weekly box. In this case, it might retest the 0.1854 and 0.1520 support levels.
⏱ 4-Hour Timeframe
Market volume has significantly dropped, suggesting reduced trading activity during the holidays. This low 24-hour trading volume has led to irrational and unnecessary market fluctuations.
📈 Long Position Trigger
After breaking 0.2483, a long position can be opened, but given the low market volume, trades should be executed with reduced risk.
📉 Short Position Trigger
After breaking 0.2105, a short position can be considered. However, logical trading during these conditions involves small stop losses and focusing on risk-to-reward ratios while quickly taking profits.
💡 BTC Pair Insight
Currently, ENJ isn’t performing well against Bitcoin. After showing some signs of life by testing the 0.000000374 resistance, it got rejected and returned to its support level.
Keep in mind that breaking this resistance could finally bring ENJ some gains against Bitcoin, which would likely translate into USDT price increases during a bullish market.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
ENJUSDT LONG TERM ACCUMULATIONENJUSDT ACCUMULATION
have been using ENJ services for years now as a wallet user, have been very satified with the services provided, hence its one of its working proiduct , i would bet on them for a bright future.
Previous Idea:
ENJ/USDT | Long-Term Technical Analysis on the Weekly TimeframeOverview:
ENJ is currently trading within a well-defined descending channel (yellow trendlines), reflecting a long-term downtrend since its all-time high. This channel offers key insights into historical price action and potential future movements. After touching the bottom boundary multiple times, ENJ is showing signs of momentum for a potential breakout.
Key Levels and Observations:
1. Descending Channel:
• Price remains within the channel, bouncing between resistance (top) and support (bottom).
• A breakout above the upper boundary would confirm a potential trend reversal.
2. Support and Resistance:
• Support Levels: $0.22 (bottom of the channel) and $0.12 (critical historical low).
• Resistance Levels: $0.34 (channel resistance) and $3.42 (major breakout target).
3. Volume Profile Analysis:
• Significant volume buildup within the $0.22–$0.34 range suggests strong liquidity in this area, acting as a base for the next move.
• A breakout could target higher-volume nodes at $1.30, $3.42, and beyond.
4. RSI Analysis:
• RSI is recovering from oversold territory, currently sitting at 38.69, signaling growing bullish momentum but still with room for upside.
5. Projection:
• A confirmed breakout above $0.34 targets $3.42, which aligns with historical resistance and key volume levels.
• If momentum continues, higher targets could be achieved in the long term.
Trade Setup (Potential Long Idea):
• Entry: Consider entering after a confirmed breakout above $0.34 with strong volume.
• Stop-Loss: Set below the recent swing low at $0.22 to limit downside risk.
• Take-Profit Levels:
• TP1: $1.30 (interim resistance).
• TP2: $3.42 (major breakout target).
• TP3: $4.79 (longer-term resistance).
Risk Factors:
• A failure to break the $0.34 resistance could lead to further consolidation within the channel.
• Watch for rejection at key levels and decreasing volume during attempted breakouts.
Conclusion:
ENJ presents an exciting long-term opportunity with its structured channel and volume profile suggesting accumulation. A breakout above the key $0.34 resistance could trigger a significant trend reversal, offering targets up to $3.42 and beyond. Keep an eye on volume and RSI for confirmation of bullish momentum.
What are your thoughts on this setup? Let’s discuss in the comments!
ENJUSDT 1WENJ Update ~ 1W
#ENJ At Time Frame 1W,. Once again it was rejected from this resistance line. If you still have Conviction on this coin,. You can start buying gradually at the current price. or if you want to play more safely,. You can buy on this support block..
these two scenarios with a minimum target of 20%+
Ridiculous capitulation, nice 3 drives, hi vol and RSI OS alertRidiculous capitulation, nice 3 drives, hi vol and RSI OS alert
nice 3 drives, hi vol and RSI OS alert,
HiLoCh indicator on 30m TF
1. 3 drives down from the break
2. High vol and b Vol profile on the candle.
3. - had a double event, unusual but should have been safe if waited for the close above the main body of the profile.
got the alerts, waited for the close above the profile, trade with good positon sizing and stop losses.
Enjin Coin +1400% ProfitInflation Analysis:
Since nearly all tokens are already in circulation, the project has very low inflation, minimizing the risk of devaluation due to additional supply.
Price Prediction for the 2025 Bull Run:
Enjin Coin, as one of the leading projects in NFTs and blockchain gaming, has strong potential. With the growth of the metaverse and gaming-related projects, Enjin could secure a significant market share. In an optimistic scenario, ENJ's price could reach $3–$5.5 during the 2025 bull run.
🔗 Note: ENJ is a compelling option for investors interested in the NFT and metaverse ecosystems. 💎
A Golden Opportunity: Bullish Analysis of Enjin Coin (ENJ)🔥 Enjin Coin (ENJ) Analysis 🔥
Enjin Coin had a massive rally from March 2020 to November 2021, reaching its all-time high at $4.8. After that, it entered a correction phase and found its bottom at $0.12 in July 2024, marking the end of its decline.
Now, ENJ has started moving upward again and appears to be in Wave 1 of a potential 5-wave bullish structure.
🔑 Key Resistances to Watch:
1️⃣ Dynamic trendline resistance: Breaking this will be the first confirmation of a bullish move.
2️⃣ Static resistance at $0.42: A breakout above this level could provide a safer entry.
🎯 Targets:
Target 1: $2 (~350% profit)
Target 2: $12 (~1700% profit)
📌 Summary:
If ENJ successfully breaks through these key levels, a massive bullish rally may be ahead. Keep an eye on these resistances to seize this exciting opportunity! 🚀
ENJ POTENTIAL FOR IHSBy understanding the stochastic RSI and how it works, you see that its the end of the run on the weekly, the weekly stochastic RSI is strong. And the 21EMA and 50MA will line up with the previous higher low.
Going to the hourly time frame we have a symmetrical triangle, which should dump to the downside if it doesnt break out.
Careful out there traders, this is a volatile time for bitcoin and alts.
ENJ/USDT- BUY SETUPBINANCE:ENJUSDT scalping signal
✔︎ENTRY : 0.3172
🏓TARGETS :
✔︎T1 : 0.3468
✘STOP : 0.3027
💡Reason for this trade:
This trade gives my trading system a sign of strength:
• My trading system is based on liquidity and reversal zones.
• When the liquidity is swept from one side under certain conditions, we will wait for the price on the other side.
The liquidity will attract the price like a magnet.
• the first side that has been swept:
1- range low
2- failure swing point
• Opposite side targets:
1- range high
💡Entry setup
1- reclaim range low
⚠️WARNING:
• I'm not a financial advisor.
• Do your own research (DYOR).
#ENJ (SPOT) entry range( 0.1390- 0.1690) T.(0.3380) SL(0.1272)BINANCE:ENJUSDT
entry range ( 0.1390- 0.1690)
Target1 (0.2599) - Target2 (0.3380)
1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (0.1272)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #CLV #RIF
ENJ ****
Technical Analysis for $ENJ/USDT Technical Analysis for $ENJ/USDT
#ENJ The chart highlights a breakout from a long-term descending channel, signaling the potential start of a bullish trend.
The "LONGE HERE" zone at $0.2482 represents a strong support level and an ideal re-entry point for long positions.
$0.2482 - $0.2500: Key support area, marking the breakout zone and a strong foundation for further bullish continuation.
Resistance Levels (Targets):
T1: $0.6021
T2: $0.7136
T3: $0.8283
