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Enjin Coin / TetherUS

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ENJUSDT trade ideas

ENJUSDT is testing the 0.618 Fibonacci levelENJUSDT is testing the 0.618 Fibonacci level after the price bounced on our Weekly structure. IF the price is going to have a breakout, from the weekly resistance (red one) According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
20
ENJ breaking out of wedge patternYesterday, our internal bot generated a buy signal on ENJ. However, with price parked at resistance, we felt a retracement was in order so the recent gains could be consolidated. Sure enough, after a brief corrective dip ENJ has gathered its legs to push through the resistance. Volume is a little lower than as expected on a breakout. Some of that could be due to the holiday market conditions with significantly less volume taking place anyway. From a bigger picture perspective, $ENJ dipped and reversed at the 61.8% retracement level of the larger uptrend. After bumping higher, it created a wedge formation which can lead to powerful bullish breakouts. The bigger pattern is bullish though the holiday conditions may stunt some growth. Risk is best placed just below the recent swing low near $2.53. Upside targets include $2.97; $3.30, $3.60, & $3.95
Long
by CryptoKoryoDefi
1
ENJ - a trend line has been formed, but a large volume has come Bitcoin has broken its local trend line, big volume appeared at the top and this is not a good signal. Therefore, there are several market scenarios to consider now. There is a trend line on the ENJ chart, the price is testing the trend line for the fifth time, with each test the resistance is weakening and a breakout might come soon. I don't like that the ENJ also has a big volume on the top. In case of a breakdown of the trend line, there could be a good buying opportunity. In case of a false breakdown a good opportunity to sell. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
1
ENJ as its MOST IMPORTANT level of this cycle: Major Golden FibENJ has pierced a now obvious key level defined by 2 golden fibs. "Now Obvious" as in the whole world has seen the reactions here. But us Believers knew of this landmark level even before first hit. Break and Hold of 3.25 could lead to a new ATH. Rejection here could lead to new lower lows. Most likely we get a few "orbits" before decision. . I do not use "Fibs" in the "traditional" manner (retracements). I use Fibs to plot "Ripples" (extensions) created by "Impulses". Then look for "Confluences" to map the "interference Pattern". My TV collection of ideas detailing the Concepts: Chapter 1: Introduction and numerous Examples Chapter 2: Detailed views and Wave Analysis Chapter 3: The Dreaded 9.618: Murderer of Moves Chapter 4: Impulse Redux: Return to Birth place Chapter 5: Golden Growth: Parabolic Expansions Chapter 6: Give me a ping Vasili: 'one' Ping only Chapter 7: The Mighty 2.618: like a Rook in Chess .
by EuroMotif
4