ENJ • CRYPTO LONG TF M30 , TP = 0.235#ENJ • CRYPTO
LONG TF M30 , TP = 0.235 , SL = 0.216
The trend continues, the nearest support level according to my calculations TP 0.235
ENJUSDT trade ideas
ENJUSD ❕ tests the supportTD Sequential formed an up reversal signal (4H and 30m TFs)
The chart has reached the support level.
I expect a rebound.
ENJ sell TradeHere is My Study On ENJ
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ENJUSDTENJUSDT is in bearish trend.
Potentially printing LH and LL .
NO sign of trend reversal here.
we wait and watch for the breakout of last LL.
ENJ Longterm down trendENJ is currently testing its yearly low. If price can not stabilize above $0.22.
Looking to enter in a long term short position.
Market cap is around $250 Million.
Jan 2021 market cap was $110 Million.
ENJUSDTENJUSDT was trading under declining trendline and recently it seems like bulls are starting to take the charge and has given the breakout from declining trendline with significant bullish candles .
Currently the price is retesting the broken trendline , if the retest level holds it could be a nice buying option.
What you guys think of this idea?
📊#ENJ breaks out of triangle structure, goes to the moon?🧠ENJ has been running in this model for 1 year, and finally started to rebound after breaking the low point in 2022. Now we are near the first resistance level, and RSI has also appeared in an oversold state. I think we should not be too anxious, and should retreat to re-accumulate strength when we encounter the first resistance level, because we have consumed too much strength when we broke the triangle resistance line.
📉So I opened some short setups around the resistance looking for a short-term pullback
let us see👀
#ENJUSDT ANALYSISNYSE:ENJ is moving in a descending triangle. It bounced with a high volume from the horizontal support and attempted to break out the descending triangle, where it faced the MA 100.
A solid breakout of the triangle would be the bullish confirmation, while a rejection would result in further consolidation inside the triangle.
ENJUSDT 1DFalling wedge formation on daily chart. #ENJ is trying to break out the pattern + MA50 + MA100. Wait for confirmation and then my targets are on the table. Check them on the chart.
ENJUSDTENJUSDT was trading in range bound structure and and bulls took the charge and sharply and strongly break the range and break the local declining trendline as well.
If this breakout holds the next easy target for bulls can be 0.300
Enjin Coin Breaking Out Seems Like getting Ready For Massive Bullish Rally
Formed Falling And Building up for Massive Breakout In Higher Timeframes Still Not Out Of The Woods But Incase Of Successful Breakout Can Fly Towards 1$
Incase Of Successful Breakout Expecting 300% Bullish Wave In Midterm
$ENJNYSE:ENJ
On weekly timeframe level the price action broke down the Support Trendline level and retesting out there
If the price action closes below the MSS level we can further see the downwards towards till its next Sell Side Liquidity level
ENJUSDT ready for the breakout?ENJUSDT finds itself once more at a crucial juncture as it tests the significant weekly level at $0.23. This level holds substantial importance, as it has historically acted as a pivotal point that the market carefully scrutinizes. Traders are closely observing the price action, as it holds the potential to shape the pair's trajectory in the coming weeks.
The current scenario hinges on the possibility of the price harnessing new liquidity from this critical level, potentially setting the stage for a decisive breakout beyond the $0.26 mark. According to the trading principles championed by Plancton, a prominent figure in the trading community, such a breakout would signal an opportune moment to initiate a new long position.
Plancton's approach emphasizes the importance of liquidity and price confirmation. If the price manages to secure fresh liquidity from the $0.23 level and subsequently orchestrates a clear and convincing breach above the $0.26 range, it aligns with the rulebook set out by Plancton. This rule suggests that the conditions for a favorable long position have been met, potentially leading to a profitable venture for traders who adhere to this methodology.
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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 -> <= 1h structure.
Follow the Shrimp 🦐
ENJ BULLS TO TAKE OVER!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
What's next on ENJ.
Price is still around a strong support zone, where we are interested in new buy setups.
Meanwhile, we need some confirmation for the bulls to take over again!
And for the bulls to take over from a medium-term perspective we need a break above the first neckline which is a major swing high, then a movement higher would be expected to the next upper neckline.
Then we need a break above the upper neckline for a full bullish reversal.
Until that price is still around a strong support zone, where we will be looking for new bullish movement from a short-term perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
ENJ on daily time frameThis currency, like other digital currencies, has experienced a very severe decline with the market collapse.
In the daily time frame, the candles are moving in the form of a descending channel.
Of course, the intensity of the decline has decreased compared to the previous wave, but this currency is undergoing erosion correction.
As you can see in the picture, the midline of the descending channel is broken down, the supports of the 0.335 and 0.278 Fibonacci range and the support of the 33.42 range in Rsi have also been lost one after the other.
Now the price is around the $0.227 range, which is one of the good Fibonacci supports, which is a strong support.
But according to the downward trend, the downward channel and the loss of the midline of the channel, this support will probably be lost and the candles will reach the bottom of the channel in the range of 0.158 or 0.131 dollars.
In this case, we can hope for growth if the candles break the ceiling of the channel and the downward trend line in Rsi is broken.
If the upward trend is formed in such a way that the ceiling of the channel and the strong resistance range of 0.734 is broken up, or the downward trend accelerates in such a way that the bottom of the channel and the good support range of 0.11 is broken down, this analysis will also change. .
Please share this analysis with your friends.
ENJ/USDTorange support line is a great buy
if it does not come down there and breaks out on the white diagonal resistance line then the green line will be target for the long!
keep in my BB is starting to squeeze, move incoming.
You can utilize it in both way. Decide your direction.OKX:ENJUSDT.P
One bearish and one bullish butterfly harmonic pattern are on the chart.
And there is a big well accumulated triangle pattern.
According to Breakout Direction, There is a lot that we can do!
Arrows will show you the path.
Good Luck and May The Force Be With You!
Enjin Coin next move? ?👀 🚀ENJ Today Analysis💎 ENJ/USDT is making fascinating strides as we observe a fair value gap and an upward imbalance, indicating potential bullish momentum.
💎 A retest of the trendline has been completed. If the price breaks this trendline, we could see a downward shift of approximately -12%.
💎 Currently, the price is forming an overlapping structure, and the RSI is indicating upward momentum this presents a promising trading opportunity
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
ENJUSDT📊 #enjusdt
⏱ TIME: 1h
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner
📍The initial selling market: 0.3145 $
📌TP1: 0.2985 $
📌TP2: 0.2820 $
📌TP3: 0.2683 $
❌SL: 0.3330 $
Head and Shoulders formation almost completed, trend reversal?Enjin showing a clear head and shoulders pattern, currently still completing the right shoulder low towards the neckline. The completion of the right shoulder would be a signal that the trend is reversing and the upward trend is nearing its end. In my opinion, there are currently 2 scenario’s possible.
a) The price will drop below the neckline towards the support level before rising and breaking the neckline again to continue the upwards trend. This would show that the trend reversal would not be as solid as expected.
b) This is the more likely scenario which will mean that Enjin will break the neckline and reverse its trend. The neckline could be an interesting position to set up some shorts.
Let me know what you think will happen in the comments down below.
ENJ about to break down! Hey traders 👋
Another coin that caught our attention here is ENJ coin with a nice potential for a breakdown to happen! We see here that price is getting weaker and weaker with every minute here near that trend which indicates that trend is not as strong as it has been before!
If we see this kind of struggle more then there is a good chance for a drop to happen!
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Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
