ENJUSDT trade ideas
ENJ - Open position in this scenarioBYBIT:ENJUSDT
4H trend chart
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ENJ is converging and approaching to the end of triangle.
It encountered resistance from the downtrend line many times.
If price can breakout this trend line, trading strategy as below.
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Profit Targets:
a) 2.9475----Fib(1)
b) 3.0645~3.1120--------Fib(1.272~1.382)
c) 3.2140----Fib(1.618)
Stop losses:
a) 2.6615-----Red horizontal ray
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Sol ready to buy On the 3 day chart sol has hit the lows and is now safe to buy ready for next phase upwards.
Breakout might come soonOnly take this trade if we break out to the upside from this pattern.
breaking down can lead to more downside moments
ENJ!!!Still very new to TA and trying to learn a lot!
Any feedback is greatly appreciated!
Yellow box is the buy zone after the break and retest!
Is this a good Cup and Handle Pattern on ENJIN?I always wanted to buy ENJIN so maybe this is a good opportunity, not sure if it gets more discount.
enjusdtagr price triangle se down ki tarf nikalti hai tu nichy support tak ja skti hai or agr up side jati hai tu upr riss tak humara tp hoga
ENJENJ bounced from the support of $2.48-$2.56 area. The local resistance for ENJ is $2.95-$3.0 area and major resistance is $3.30 levels. We will see a rally towards all-time resistance if ENJ able to break and hold above the $3.30 resistance level. Keep an eye on the support and resistance levels.
ENJ ANALYSISHere's a quick look at ENJ 4hr chart . As we can see, the price has been showing a trend line resistance and moving also in the symmetrical triangle .
we need to break this triangle
Also formation of box t hat also need to break first for further go.
Now its time to wait and hold it
Definitely one to keep an eye on .
The best entry at Support level, also on trend support and after breakout and retest.
Targets
3.264$ , 3.956$ ,4.837$
THANKYOU
$ENJ - cup & handle with nice values ENJ's formed a cup & handle figure which is now trying to break the resistance line and if it does then I will be waiting for a retest of the breakout to enter long.
ENJ / USDTBuy at 2.75 & 2.87
T1 = 2.94
T2 = 2.99
T3 = 3.12
T4 = 3.70
Make your own analysis and risk management
at target 1 stop lose on entry point
ENJIN/USDT Falling WedgeENJIN looking pretty good, Low volume but very bullish setup here. Daily pattern so very strong in this case.
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
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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.
The commence of ENJ pumping in upcoming hoursSince it seems that the downward trend has lost its power and the first HH peak is seen in the chart. An uptrend is expected in the hours ahead
Have a nice profit
ENJ cup and handle Chart looks prime, bouncing off support and heading up to touch trendline.
- If trendline is broken look for TP1 on chart
- Once TP1 is broken we will probably see a pullback and look for entry to TP2
ENJUSDT - LONGBased on technical factors there is a long position in ENJUSDT Enjin Coin
ENJUSDT Enjin Coin
Score 1️⃣
🔵Long Now or set on Key Level 2.595
🟢Target 1 2.700
🟢Target 2 2.820
❌Stop loss 2.560
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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ENJUSDT - Long - Potential 23.85%ENJUSDT - Long - Potential 23.85%
Exchanges: Bittrex, Binance, KuCoin, Huobi.pro
Signal Type: Regular (Long)
Entry Zone:
2.68962559 - 2.68962559
Take-Profit Targets:
1) 2.68962559
2) 2.68962559
3) 2.68962559
Stop Targets:
1) 2.68962559
Entry Trigger - Triangle breakout
ENJ dip done? Possible end of retrace wave, key $2.63 then 2.75Follow up to my previous post warning of dip from $3.25 (click) .
Expected retrace may have ended at its 4.236 extension.
Currently in tight orbit around higher tf dual fibs at $2.63.
Leaving orbit and breaking $2.75 could lead to new highs.
Prepare for a short orderOn the 4H TF, I see BINANCE:ENJUSDT has done the fourth wave at 3.34 and the last wave has been happening.
ENJ has done the first wave at 2.55. Then a pullback to 2.975. At this level, we can give a short order with SL 3.145 and TP 2.155 or expanded around 1.5
Time will tell
enj i think this is a nice chart for enj, i think its a very potential swing trade.
If im wrong or you have tips please comment so i can learn more.
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
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.
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.
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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
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