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Enjin Coin / TetherUS

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ENJUSDT trade ideas

ENJIN (ENJ) JOINING THE ALT SEASON PARTY I should have posted this earlier, but didn't have the chance however it is not too late because from the current price to the wave 5-yellow target is a 100% potential. Price action is solid, the coherence between volatility and volume on the relative strength index and chart is strong as well. Based on Elliott wave theory this spike up could definitely be the wave 3 of an impulse that could take price to $1.5. Whatever decision you make have it in mind that this is an accumulation phase for a mid to long term gain. Be wise, do not go all in like a degenerate, delegate your portfolio and DCA for the ALT SEASON that has already began but still at the early stage. OTHER ANALYSIS
Long
by DewyCandles
2
ENJ/USDT planning bullish ride from support| 🚀ENJ Analysis💎 Paradisers, take note #ENJUSDT is on the move, breaking past resistance and setting the stage for a bullish trajectory. A successful retest turning resistance into support could confirm a strong bullish push past the $1.0165 resistance level. 💎 On the flip side, if $ENJIN upward momentum falters and it dips below the $0.5464 support, our focus shifts to the lower support at $0.4240. The rich liquidity at this level presents an opportunity for a powerful bullish strategy upon contact. 💎 Vigilance is crucial: a breach below this secondary support could signal a deeper dive as market sentiment leans towards selling. Stay alert, traders, as we navigate #ENJ's market dynamics.
Long
by MyCryptoParadise_Simon
ENJUSDT: Poised for a Breakout - Entry, Stop-loss, and Target LeENJUSDT is currently in an upward trend and has the potential to experience significant growth if it breaks above this region. Entry point: $0.6667 Stop-loss: $0.6546 Target: $0.7368 Due to the high risk associated with the market, consider taking profits at $0.6910 and holding the remaining position until the target is reached. To confirm entry, you can utilize the RSI (Relative Strength Index) indicator. A closing value above 58.18 on the 1-hour timeframe can serve as confirmation. Market sentiment remains bullish for ENJUSDT, with an 88% positive sentiment. The Fear & Greed Index stands at 82, indicating "Extreme Greed." This analysis is for informational purposes only and should not be considered as financial advice. Always conduct your own research before making any trading decisions If my analysis was useful for you, I would appreciate it if you follow me so that you will know soon if I make another analysis
Long
by saeedalipour93
ENJ/USDT Breakout the Key area, Indicating Bullish Momentum!💎 ENJ has recently encountered significant market dynamics. Currently, ENJ has successfully broken above the supply area. 💎There may be a retesting phase at the demand area, which was previously the supply area, before continuing its upward movement and possibly reaching our target area. 💎 During the retesting phase, it is crucial for ENJ to bounce from the demand area if it wants to sustain its upward movement. However, if ENJ fails to maintain the demand area, there is a possibility of a breakdown below the support area, leading to a return to lower price levels. 💎 At the support area, it is imperative for ENJ to bounce and reclaim the area above the resistance for continued upward movement. Failure to do so could signal a bearish trend for ENJ, potentially leading to further downward movement in price.
by MyCryptoParadise
1
ENJ ROADMAPFirst of all, pay attention to the time frame. The time frame is big and time consuming. Our big triangle starts from where we wrote "start" on the chart. After the E wave ends and the triangle pattern is completed, we see a diamond diametric. We now seem to be in the middle of wave E of this triangle. Do not enter the position without confirmation and trigger and capital management. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
ENJ/USDT Could ENJ break the pattern or downward to the demand??💎 ENJ has recently experienced significant developments in the market. Currently, there's potential for ENJ to reach the demand and initiate an upward movement. 💎 However, if ENJ breaks the pattern without a retest at the demand, it may undergo upward momentum, targeting the supply area. A successful breakout of the supply area, probability could lead to an easy movement toward our target on the bearish OB. 💎 On the contrary, if ENJ fails to break out of the pattern, there's a likelihood of continued downward movement. Retesting the demand area becomes crucial for ENJ to gain momentum, break the pattern, and resume its upward trajectory. 💎 In the scenario where ENJ doesn't exhibit a positive response at the demand, lacking a bounce or favorable candle formations, it raises concerns about losing demand. This bearish momentum could lead ENJ to continue its downward trajectory, revisiting the bottom support levels.
by MyCryptoParadise
2