ENJ/USDT Looks Like Ready to flyOn 4H candle ENJ?USDT has broken out of its downtrend channel. Now you can take entry with proper risk management.
ENJUSDT trade ideas
#ENJUSDT 6H Chart
Price swept the 6h demand zone before moving up from there. MACD is showing bullish weakness, RSI is neutral and EMAs are bearish. We may see a retest of the 6h demand before price moves up towards the 7h supply around $0.51.
#ENJUSDT 4H Chart
Price is still ranging in a descending channel. MACD is showing bearish weakness, RSI is sold and EMAs are bearish. I expect price to tap into the 6h demand around $0.41 before moving up again.
#ENJUSDT 4H Chart
Price is still ranging in a descending channel and it is currently getting rejected from the resistance line. MACD is not clear, RSI and EMAs are neutral. Price should close above that resistance line and reclaim $0.468 in order to aim for the 7h supply at $0.51.
#ENJUSDT 4H Chart
Price is overall ranging in a descending channel creating lower highs and lower lows. MACD is not clear, RSI is neutral and EMAs are bearish. Price needs to reclaim $0.485 in order to turn bullish.
$ENJIN ENJIN coin moving in narrowing channel between pressure zone.
Looking for bounce around lower blue level
Short covering plus long term support.
If bounce then looking for confirmatory retest then regain to prior resistance.
Keep and eye.
$ENJ Short ideaHello dear Traders,
Here is my idea for #ENJ
Price closed below yellow line (previous month low)
Price closed in 15Minute chart below purple trigger -> enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
#ENJUSDT 4H Chart
Price is currently ranging inside the 7h breaker zone showing no major movements. MACD is not clear, RSI is sold and EMAs are bearish. I expect price to reach the resistance at $0.535 before moving down again from there.
ENJIN- There is no emotion in TradingI am a bit sentimental, when it comes to projects I like and believe in but at the end of the day trading is just chart to me.
ENJIN's inability to break higher back into the channel was an opportunity to go short and I did.
At this chart you get to see the most likely scenario as well as the worst case scenario.. You also get to see the 'good' scenarion in which the price just gets back into the ascending channel and rises higher. Unfortunately at this very moment that third/good scenario is the less likely one.
Again, most likely the 0,462 is a good entry for a new Long. Thus this idea goes as Bullish .
Unfortunately, that little Push Higher never came:
It will happen eventually so patience now and remmeber to short something even if you really like not to.
One Love,
the FXPROFESSOR
🕹️ ENJIN -Just a little push = Breakout 🍊Potential Breakout here but still under resistance (previous channel).
A lift over 0.585 could result in a significant rise to 70 and 83 cents.
Enjin coin(ENJ)
Enjin coin(ENJ) is the utility token of the Enjin Platform. You may ask, “what is Enjin?”. Enjin is a platform that allows the creation and purchase of non-fungible tokens(NFTs) that can be used in games. On Enjin, tools are readily available to enable the easy creation of NFTs for purchase and sale. With its unique offerings, it has supported 250,000 gaming communities and handled 20 million users.
Some of the tools available on Enjin include Beam, Efinity, Wallet, Multiple SDKs, and wallet. All of these tools support the fast trade of NFTs. To carry out transactions on the platform, developers and buyers use the Enjin coin(ENJ) to access these tools. The token also has a deflationary supply, so the more its usage, the rarer it becomes. Hence, increasing in value.
Not sure if the timing is right but it could be one of those classic breakouts we had before:
One Love,
The FXPROFESSOR
#ENJUSDT 4H Chart
Price is currently consolidating between the support around $0.535 and the 2h supply zone around $0.56. MACD is not clear, RSI is bought and EMAs are bullish. Price needs to reclaim $0.573 in order to aim for higher pricing.
ENJUSDTIn a period of several months, we will see a further fall in the price in the form of wave 5
Just a personal analysis and opinion that can easily be wrong
#ENJUSDT 4H Chart
Price bounced off the 4h demand zone and it is currently close to tapping into the 4h supply around $0.54. MACD turned bullish, RSI is bought and EMAs are neutral. Price needs to break through this area of supply in order to expect higher pricing.
Enjin Coin ENJ bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Enjin Coin ENJ has a negative overall sentiment recently.
I have the following price targets:
ENJ/USDT short
Entry Range: $0.49 - 0.56
Take Profit 1: $0.45
Take Profit 2: $0.38
Take Profit 3: $0.29
Stop Loss: $0.63
#ENJUSDT 6H Chart
Price broke below the support line and it is currently bouncing off the 4h demand zone. MACD is not clear, RSI is sold and EMAs are bearish. I expect price to move up from here towards the 12h supply zone at $0.63 however we shall wait for confirmation.
Enjin CoinEnjin Coin Technical Analaysis Basically on elliott waves and Priceaction Strategy
Enjin coin can be 4$
Wait and watch.
ENJ Scalp - Very easy long😏ENj is awesome candidate for long since:
⭐️ BTC bullish
⭐️ Domination looks bearish
⭐️ We have 5 days of accumulation
⭐️ Spread is getting lower
⭐️ 4th approach
⭐️ Volume increases at top
⭐️ 50 ATR
⭐️ Over VWAP
Will enter when price slowly squeezes to the levelon 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
#ENJUSDT 12H Chart
Price is currently bouncing off the support line as well as the 12h demand zone. MACD is showing bearish weakness, RSI is sold and EMAs are turning bearish. I expect price to reach the 12h supply at $0.64 before potentially moving down to liquidate to trendline.
#ENJUSDT 12H ChartPrice is currently bouncing off the 7h demand zone. MACD is bearish, RSI is sold and EMAs are neutral. I am still waiting for confirmation before going long as overall price should take out the liquidity resting above the equal highs at $0.75.
