FattyThere is an analysis update.
Falling wedge on ENJ/USDT crypto pair.
According to Elliott Waves theory all the waves are done.
After a huge and continuation falling, price could break local resistance zone .
However according to global situation on the market price is bouncing from next resistance.
Now according to the technical analysis price has drawn double bottom pattern on a smaller frame.
So follow the chart and look for the breakout carefully.
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ENJUSDT trade ideas
Enj to $3$enj got the breakout of downtrend on LTF. Green box has been accumulation zone. If $btc hold steady and continues up I expect and push to $3-3.15 within the next week or two. #enjusdt
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Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
ENJ
ENJ formed a Head & Shoulder (H&S) pattern and after that continuously in downtrend. ENJ need to break the $2.50-$2.55 resistance area to gain some bullish momentum. The next support is $2 area. If ENJ break $2 support then we see more downward movement. Keep your stop loss below $2 support area.
Falling wedgeWe can see a price action forming a pattern which can be recognised in the market as a falling wedge you never know which way it could go but a break of the upside makes it bullish and if the price reaches the above trend line it can also respect it and bring it down to the up down side anyway have a look at that uptrend line to have a good trading decision you wait for a breakout of a trendline for a bullish move or you wait for it to respect trendline bearish move
ENJUSDT is going to have a breakdown ENJUSDT is going to have a breakdown.
IF the price is going to confirm it, 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.
Into The Metaverse: ENJUSDTEnjin is definitely a game changer; It offers a suite of integrated products that make non-fungible tokens (NFTs) easy for individuals, businesses, and developers.
Pay attention to the descending breakout, you dont want to miss this. For now, we may go long to the first TP.
TAYOR.
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Check the return pointsHello friends, here we have a simple analysis in weekly time. As you can see, we have an important support with the blue horizontal line that if this line, which is the price of the weekly package, is broken, we will reach the dynamic (black line) support. and we expect the market to return there, otherwise the whole market will be challenged.
I hope it will always be successful
ENJIN - One of My TOP Picks for the SeasonWhen we say season we mean Xmas season...
ENJIN has a lot of great things going and as soon as BTC can start recovering we expect this coin to fly to new All Time Highs or higher.
It’s Early Days, but Enjin May Be a Metaverse Crypto That’s Worth the Money:
And like much of the crypto world, Enjin has experienced rapid growth. Year-to-date, its value is up 2,500%. That growth, combined with those previously mentioned factors, makes Enjin highly interesting right now.
The best place to start in understanding Enjin is to start with the most relevant topic: The metaverse.
Start your ENJINs. It will make it to Top-15, that's our expectation.
the FXPROFESSOR
Simmetrical Triangle pattern on ENJHello everyone,
ENJ/USDT have good opportunity to drop 20%. This trade will be not correct, if price will cross over green pattern line. Make shore that price crossing down red support line. Also always look at btc price, if you want to win with this trade, make shore btc going down also.
ENJUSDT Making Symmetrical TriangleEnj making a triangle. and now trading on 2.875 if it is able to break the resistance then we can see its price going toward 3.60 and if it's not able to break the resistance and shows a little correction then we can see its support level around 2.73 and if it breaks the support we can see its price around 2.05.
Trade Accordingly. if it breaks the resistance then wait for the retracement and testing its new support level and then take long otherwise vice versa.