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ENJ

Enjin Coin After 795% Profits Run (Getting Ready To Move Again)There is no doubt that Enjin Coin (ENJBTC) entered a bull phase, the last wave increased its value as much as 795%, one of the strongest run so far. We also have the entire cryptocurrency market growing... Let's take a look at the chart now! ENJBTC moved down all the way to 0.786 Fib. retracement level, which stopped the drop, and is now starting to show signals of a potential low here... The 0.786 Fib. retracement level from the last bullish wave also coincides with MA200 and EMA300, telling us that this is a strong support level with ENJBTC now trading above all these. There is a little increase in volume, Sunday, so activity can be higher during the week. The indicators are also looking good. They allow room for growth. RSI: Conditions for change: If ENJBTC closes below 0.00001600, the above signals are invalidated and a new analysis is needed. Thanks a lot for reading. Namaste.
by AlanSantana
6
ENJ two long entriesI see a potential triangle forming, which is ultra rare in wave 2, so likely an extended 3rd wave in a possible extended 1st in a cycle 3. Confusing AF? YEAH! Trying to label to corrective bear market structure was x10000 more confusing. Anyways. I would love to catch a long on one more dip. Big gains yo. You can start with a small position so you an have a wide ass stop and if it proves itself just start firing your long cannons into it as it goes up. Or if BTC gets all wild and drags it up to invalidate the triangle you can long the higher green box with a stop. I'm not as interested in that setup because there's so much more to trade but just letting you know that I see that too. I'll make a thread and update it with intra-day trades as it develops. ***in comments***
BINANCE:ENJUSDLong
by ChaseWallace
4
ENJBTCLooking at ENJ on the daily chart * Hitting location on the .618 fib * Nice double bottom * OBV showing a bullish div * Histogram showing a bullish div * Willy showing a bullish div * Low volume, so I would like to see the bulls step up and take control * Still a big notch in VPVR that needs filling in at some stage. I've all this is a very bullish chart and I like what I see * Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)
Long
by Cryptonite_trader
1