ENJUSDT trade ideas
Enjin Coin ENJUSDT Trade PlansBULLISH
1)HH and HLs.
2) Fib level 0.5 support at 3.43
Bearish
1) Bearish Engulfing at 3.8
2) Resistance at 3.62
3) Closed below Trend line
Trade Plan 1
Short from current price with tight stop loss
1) Entry 3.6
2) Stop Loss 3.7
3) Take profit 3.45
Trade Plan 2
Long if hourly candle closes above 3.65
1) Entry 3.65
2) Stop loss 3.43
3) Take profit 3.9
possible bearthis to me looks like small head and shoulders are forming possible larger head and shoulders taking us down. Not financial advice! Any thoughts on this TA?
ENJEnjin- as much as I love Enjin, I see a few reasons why it might head further down still. 1-way above the moving average lines; 2- in a bearish rising wedge; 3- could form a handle for a very large cup and handle , would be extremely bullish. Cup and handle pattern that are months or weeks long tend to fulfill their pattern more often
ENJ/USDT CorrectionAs you can see ENJ has completed its fifth growth wave and entered a correction. There was also a bearish crossover on the WT cross and a bearish divergence was applied. On the ADX you can see that the bears are pushing into the market and the bulls are letting them have it. My assumption is that wave B should be slightly higher than the fibbo level of 0.236. Wave C should end up between wave 1 and wave 4.
enj / usdt 1 h long ideaenj / usdt 1 h long idea
correction may continue till 61 fib level
you can enter after rejection with green momentom candle
Enjin Coin hey traders, there is Enj, we need a closing above the blue line for 1D bar to get the green lines and the stop loss is a close under the red line for 1D bar
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trade carefully guys and don't forget the risk management.
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ENJHello dear friends
This price hike at $ 3.53 means readiness for uptrend
The support line below the price is very strong because the intersection of the two supports is strong.
ENJ/USDT 4HOUR UPDATEWelcome to this quick ENJ/USDT analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- ENJ/USDT cup and handle pattern confirm retest buy the dip and green zone
Entry:- CMP and buy green zone
Traget:- 40% to 50%
Stoploss:-21moving average downside candle close
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages
Do hit the like button if you like it and share your charts in the comments section.
Thank you..
ENJ / USDT Breaking Resistance May Be Ready Now For Another MoveCharts published are based on technical factors using patterns, structures and price action and no chart is 100% guaranteed and market volatility can change the trade setups or plans anytime. We share the charts and analytics for education purposes while you should follow them at your own risks. We always recommend doing your own analysis before investing in high risked market instruments.
Not a Financal Advice.
Enjin (ENJ) - May be ready now for another move upENJ has pulled back with much of the market, Meta and gaming began pulling back slightly earlier as investors appeared to be cashing profits and rolling back into BTC recovery before BTC sharply dived taking the market with it, coinciding with reports of new COVID strain which no doubt bears have made the most of with some aggressive selling to drive FUD
Yet ENJ has held this trend and is now hoping to break upwards through this declining resistance, buy the retest or wait for it to break above last swing, still may break down and trade lower as sellers are still very active
Indicators look good, hopefully it can continue to push up
ENJIN COINENJ COIN is at good buy zone as it formed CUP&HANDLE PATTERN. after months enj coin will trade at 6$.
Entering ENJUSDT once BTCUSDT makes it's final drop to 53.I'm still uncertain if BTC will make the drop all the way to 53k but I'm leaning more toward yes. Once BTC does make the final drop then ENJ will be at support and ready for the buy and resuming it's bull run! Easy money guys.
Buy ENJ 3.70 - 3.55
ENJ / USDT 4H - falling wedge, breaking resistanceWow, what a black Friday sale on most cryptocurrencies today. ENJ / USDT has performed remarkably over the past few days. As most cryptos have fallen today, so has ENJ. I expect that this likely will continue its upward trend, as it is currently trying to break the resistance. Here seen in a narrow falling wedge.
If the price breaks the upper line of the falling wedge - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 4.3$
TG2 - 4.5$
TG3 - 4.75$
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I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
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About Enjin:
"Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.
Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value."
Source: Coinmarketcap.com
BULL HAS just STARTEDMassive Bull Flag on weekly.
Minimum target $20.
No matter when.
The later it goes the sweeter the finish.
ENJUSDT Ascending Wedge - Looking to Re-Fuel Prior to LaunchENJUSDT has had a strong run up to this significant supply level. At the moment, we appear to be taking some time here to consolidate prior to attempting another push through.
the price action is forming an ascending wedge structure, which I'll be watching closely to help determine where to place my long orders. If the price breaks below the wedge, I'll wait for confirmation of a consolidation around the marked green demand area.
Alternatively, if BTC plays nice, the price may well push through the upper supply zone without coming back to re-fuel. If that occurs, I'll look for an entry on the re-test of the red box using a breaker block entry strategy.
#ENJIN #enjusdtON the to take it on your risk chances of making another high cuz meta season is going .
peace out trader.
Enjin: Cup and handle breakout of structure and retestEnjin just pumped up to the resistance level right up to the end of the handle. Retesting on lower timeframes atm.
Interesting Weekly Chart for ENJINThis idea is based on analysis of the Indicators and trandline that seem to suggest a long bull run for Enjin.
ENJ USDT Double Bottom Breakout ENJUSDT is looking very solid after forming Double Bottom in HTF. Hold this baby for a moon ride.
#ENJIN Cup and Handle Coincides with a Target of $6.30#Enjin Cup and handle formation is complete a high probability of Testing $6.30 in the near term.
Traders should follow strict stop loss as gaming projects space is overheating.
#SAND an exception as it is supposed to deliver on the 29th Nov 2021.
