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.
ENJUSDT trade ideas
#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.
ENJUSDT Technical Analysis⏳ Spot
💎 ENJUSDT has broken above the resistance level in the ascending channel. The price can go for a Pullback before it continues the pump
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 4.285 - 3.911
☕️ TP1 4.566
🍺 TP2 5.139
🍻 TP3 5.581
🍾 TP4 6.100
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 3.911 - 3.581
Good Luck 🎲
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ENJUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 3.8 - 4.1 - 4.4
after first target reached move ur stop to breakeven
stop: ~2.5 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2
risk is justified
Good luck everyone!
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₿ ENJIN Coin 1D ₿ : 23.Nov.2021 (ENJ)The price is currently breaking the dynamic resistance of its uptrend channel and after 8 months has managed to record a new ATH, congratulations to its holders ...
RESULTS :
Yield (Profit) from the first analysis and introduction: +120% ✅
Yield (Profit) since analysis 4 days ago: +37% ✅
ENJ Price Live Data
The live Enjin Coin price today is $4.12 USD with a 24-hour trading volume of $1,222,446,556 USD. We update our ENJ to USD price in real-time. Enjin Coin is up 22.50% in the last 24 hours. The current CoinMarketCap ranking is #53, with a live market cap of $3,439,815,838 USD. It has a circulating supply of 835,615,660 ENJ coins and a max. supply of 1,000,000,000 ENJ coins.
What Is Enjin Coin (ENJ) ?
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.
Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.
Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs). Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users:
Infuses them with a reserve value
Ensures their transparency and scarcity
Gives them instance liquidity
Provides utility in games and apps
Anti-inflationary
Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.
You want to know more ?? Click on the source of it :
coinmarketcap.com
🕹️ ENJIN = Soon Top-15 🍊 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. www.coindesk.com .
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)
ENJ, near the new high, is there a breakthrough?The following content is machine translation:
From the 4-hour chart, ENJ’s new high was 4, and it tried to break through on November 20, but failed, and then stepped back to the 0.786 (3.3) Fibonacci retracement rebound.
Now it is near 4 again.
From the MACD indicator, the golden cross is coming soon. If the golden cross can be achieved here, there is a high probability of a new high. If you reject the golden cross, bearish, continue to step back.
Summary: Judging from the popularity of the game currency, there is a high probability that it will break new highs and go to a higher position.