ENJUSDT trade ideas
Enjin coin head and shoulders pattern , Cryptocurrency.This in my TA for Enjin coin , I think that Enjin coin is going to carry on through with its head and shoulders pattern forming and hit its recent support level at 2.620$ and go no further.
Please leave your opinions down below and make sure to give feedback , thank you.
Enj last chanceThis is the last stand before HnS breakdown. Currently sitting at the golden pocket on fib retracement and well established horizontal support. Bounce above 3.87 (right shoulder) would invalidate HnS.
If we get a H4 close below neckline I’ve listed the price target at around 1.77, but support base before PT.
In Bull markets bearish patterns such as these rarely hit PT so make sure and move stop at break even or trail in profit if it does break down.
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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/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 is triangle pattern create conform and retest BUY the green zone.
Entry:-CMP and buy green zone
Traget:-30% to 40%
Stop loss :- $3.44
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 1 HOUR ANALYSIS Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
SNX /USDT lying on a strong support level or making triangle pattern.
Entry: ACCUMULATE BETWEEN $3.54 TO $3.5
Targets:
$ 3.717
$ 4.05
$ 4.28
$ 4.65
Stop Loss: 3.3
What's your thought on this?
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#PEACE
🕹️ ENJIN = Time for Higher 🍊Price on support, which used to be resistance = Time to Buy
NEWS:
Amasa Integrates Enjin and Efinity for Metaverse Micro Incomes
Enjin: powering the metaverse
Enjin has been one of the beneficiaries of Facebook’s recent metaverse dive in
Can ENJIN make it to TOP-15?
We think it will, the chances are increasing with the launch of smart contracts in the next 2 months(that's why it is trending), the launch of NFT. io and the fact that it is established as the LEADER in GAMING CRYPTO SPACE.
Metaverse is HOT and Enjin is involved in that too.
You can read a lot more on our previous Enjin posts below. Best thing about Tradingview is that it's all here, in one place. Nobody can fake it here since it's documented. :))) SUPER!
News:
🤖Enjin Forms $100M Fund to Support Metaverse Projects
The Efinity Metaverse Fund will aim to support work on metaverse projects on Enjin and Polkadot.
Just another great development to support our analysis.🦾
Oh! and it's Carbon negative 🍏💚
Start your ENJINS if you haven't...
Get your ENJINS going if you have
the FXPROFESSOR 🕹️
(Once a gamer always a gamer)
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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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
