ENJUSDT trade ideas
🕹️ ENJIN - Updated LevelsUpdated Professor chart on ENJIN.
0.564 is Resistance. Will the price be able to breach higher and off to 0.743 or will it need to dip a bit lower and check support?
Well...it depends on Bitcoin. Let's not FOMO and take it easy now.
I am taking some profit and waiting a bit.
One Love,
the FXPROFESSOR
ENJ could have a little setback - Cryptoz18❶ Warning
Operations in the Blockchain or FX market represent a high risk. Cryptoz18 is a content creator who posts his ideas for viewers however he never provides an investment recommendation. I recommend to the reader a good risk management and knowledge regarding the environment. Thank you very much.
❷ Tutorials
➤ Here you can find a brief explanation of how the operations work in case you are interested in following them.
➤ Here you can find an explanation of how to track our ideas:
✔️ Our operations are taken with StopLoss and Take Profit of 15 minutes. However, we are looking to try and catch a 4H trend. So, once we touch the TPM according to your own analysis you should consider whether to close the trade or move StopLoss to entry.
❸ Operational Information
• Entry price: 0.4997
• StopLoss: 0.5146 (Loss 2.98%)
• TakeProfit Minimum: 0.4861 (Win 2.92%)
• Recommended margin: 5% of the Futures account
• Recommended leverage: 1x.
• Temporality: 15Min - 4H
Crypto - Trade SetupMost ALTs haven't tested the main resistance level yet and even though they rejected beneath the resistance still there is a smell of bulls in the price action. Yes not so much interest yet but i'm expecting something more likely upward towards the resistance zone soon. But like i say market emotions change with the time so we must not stay rigid, we need to move along with the market.
Here are the key areas for my trade setup on ENJI against USDT, I'm saying again once the price reaches my zones I'll observe the market emotion clearly then only i get into the trade otherwise I'll look for another trade setup. This is what disciplined traders do so what are you doing ??
My calling : 0.5922
Note : I'll update once the trade setup got triggered!
Disclaimer : I'm not a financial advisor, trade at your own risk.
#ENJUSDT 6H Chart
Price filled successfully the fair value gap at $0.56 and tapped perfectly into the 2h supply zone from where it got heavily rejected. MACD is showing bullish weakness, RSI is bought and EMAs are neutral. I expect price to keep moving down from here and i am currently monitoring it in order to try and catch a good entry.
ENJ - Powerbank is empty⚡ Reasons to take short:
⭐️ BTC bearish
⭐️ Trendline 9 days long
⭐️ Trendline is clean
⭐️ Buyer failed to update high
⭐️ Buying volume is decreasing
⭐️ Price is squeezing to the trendline
⭐️ 5th touch
⭐️ 60 ATR, coin at high
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
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 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Enjin Coin (ENJ) - June 28hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ENJUSDT 1W chart)
Below 0.563 is likely to be a mid- to long-term investment area.
The new Heikin Ashi low and the MACD's 'Buy/Sell' indicator fell at the same time and touched.
Therefore, if support is confirmed by rising above 0.635, it is expected to lead to further upside.
However, if it fails to rise and falls below 0.563, it can lead to a big decline, so careful trading is required.
(1D chart)
The key is whether it can find support at 0.563 and move above 0.673.
It may temporarily drop to around 0.484, so you need to trade cautiously.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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ENJ - Engine goes brrr.. 🏎Reasons to take long if BTC will squeeze back to daily VWAP:
⭐️ Range for 11 days
⭐️ Level is clean
⭐️ 3rd touch
⭐️ Price is squeezing to the level
⭐️ Buyer appeared
⭐️ 35 ATR
⭐️ Over VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
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 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
🕹️ ENJIN - Breakout Can Continue 🍊ENJIN is a project we like a lot.
The market has taken a huge beating but some Teams seem to be working endlessly and this can reult in profits in the future. ENJIN is one of them.
NEWS:
Enjin to Launch a Beta Tester Program for Enjin Wallet 2.0 :
Developers from Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products, have been developing a new version of the Enijn wallet, known as Enjin Wallet 2.0. Now, it appears that the wallet is approaching its launch, but before the team can release it, it first needs to put it through a beta tester program.
According to their recent announcement, the team is looking for experts who would join the tester program to check out the wallet, report on potential flaws, and generally help make the product better by providing feedback based on its current performance.
What is new in Enjin Wallet 2.0?
According to the team, the new wallet will offer a number of exciting new features. Not only that but it will be supported by top blockchains and NFTs. Some of the new features that testers and later users can expect include multi-chain support, dark mode, as well as a brand new dApp browser.
The team also stressed that these are only the features that will be available initially, right after the full launch. In time, they also plan to introduce a number of new things, although they did not specify which ones or when.
As for the supported blockchains that the wallet will support, those will include Bitcoin, Ethereum, Enjin, Litecoin, Dogecoin, Binance, Polkadot, Kusama, Acala, and Karura.
Apart from the mentioned features, Enjin Wallet 2.0 is also expected to come with some advanced improvements and features, such as the fingerprint scanner for greater security; custom fees and limits, import and sweep feature, auto-add tokens feature, support for over 25 languages, as well as the local currency where users can view the balance in their native currency, for an easier funds management.
Also: How Will Xchange Monster (MXCH) Impact The Gamefi Industry Along with Enjin (ENJ)?
Xchange Monster ( MXCH) is a fully-regulated platform by FINMA, one of the most recognised regulators in Switzerland.
One Love,
the FXPROFESSOR
ENJ/USDT: Key support tested - Direct rise expected---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
ENJ/USDT: Key support tested - Direct rise expected
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets ENJ suffered about negative global market situation.
- However we are focus on a direct rise now on this coin and we expect a fast and quick recovery regarding technical elements provided by the interpretation of the Elliott waves and bullish divergence on RSI
Market configuration
- Graphical Elements :
Graphical Resistance = 1,37 & 4,00
Graphical Support = 0,38 & 0,22
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market at 0,74 = Bearish
RSI indicator (below) is bouncing off key support with divergence = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C (B) has been already reached = 0,38
Fibonacci resistance of the wave in progress = 0,74
Fibonacci support of the wave (c) (B) (max extension) = 0,22
Fibonacci Bullish Target = 1,37
Conclusion
Preferred case => Regarding the mid-term element, ENJ is offering the perfect entry area for DCA or short-term recovery as long as 0,38 remains a support area valid, a break above 0,74 will confirm a rise to 1,37
Alternative cae => breaking below 0,38 - direct drop to 0,22
ENJIN - Time for a Proper Rebound?Could be.
Professor is Bullish at the moment but with care.
Check our other posts today for more info:
FEDS have spoken and our sentiment is that a rebound could now continue.
Powell mentioned recession a bit more than i expected but the statement is more Dovish and i hope that the markets can see this in a positive way.
I am going Long with care and ENJIN is one of the assets I like to Buy.
One Love,
the FXPROFESSOR
$ENJ (log chart) - Not quite there. There's a case for the move down being done (ABC classic ZigZag ).
But I dont like that fact that the 2D RSI here isn't above the 30 mark on its divergence. Which leads me to believe we could see one more bout of downside to finish off this correction.
The coin is making nice waves tho and I have good hopes to see it at ATH before long.
Happy trades to all.
ENJ can Go Bullish Or Bearish!what can expect in Both SituationsENJ is in a Symmetrical Triangle and Haven't done a Break out Yet! So We can Not Determine Whether It's gonna be bearish or Bullish We Have to wait and see what will happen. in Bullish case The Price will Reach 1$ Which is also a Strong Resistance as well! In Bearish Case The Price will Reach 0.5$ which is also a Strong Support For ENJ ! The Expected Movement will be Confirmed In a Few Days!
-ENJ is in a Symmetrical Triangle
-No break out yet
-Bearish Case :0.5$
-Bullish Case:1$
-Trend will be Determined In a Few days!
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Thank you for seeing idea .
Have a nice day and Good luck
ENJ/USDT BUYING SETUPENJ rejection after hit resistance bullish flag trendline , and also any inverted head and shoulders pattern now correction to make right shoulders IHNS will valid if rejection not breakdown the support
potential breakout and continue upward movement
Buy zone : 0.635 - 0.585 - 0.5
Target : 0.7 - 0.744 - 0.784 - 0.837 - 0.904
Stop : 0.47