ENJ - Powerbank is empty⚡ Reasons to take short:
⭐️ BTC bearish
⭐️ Trendline 9 days long
⭐️ Trendline is clean
⭐️ Buyer failed to update high
⭐️ Buying volume is decreasing
⭐️ Price is squeezing to the trendline
⭐️ 5th touch
⭐️ 60 ATR, coin at high
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
ENJ
ENJ - Engine goes brrr.. 🏎Reasons to take long if BTC will squeeze back to daily VWAP:
⭐️ Range for 11 days
⭐️ Level is clean
⭐️ 3rd touch
⭐️ Price is squeezing to the level
⭐️ Buyer appeared
⭐️ 35 ATR
⭐️ Over VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
🕹️ ENJIN - Breakout Can Continue 🍊ENJIN is a project we like a lot.
The market has taken a huge beating but some Teams seem to be working endlessly and this can reult in profits in the future. ENJIN is one of them.
NEWS:
Enjin to Launch a Beta Tester Program for Enjin Wallet 2.0 :
Developers from Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products, have been developing a new version of the Enijn wallet, known as Enjin Wallet 2.0. Now, it appears that the wallet is approaching its launch, but before the team can release it, it first needs to put it through a beta tester program.
According to their recent announcement, the team is looking for experts who would join the tester program to check out the wallet, report on potential flaws, and generally help make the product better by providing feedback based on its current performance.
What is new in Enjin Wallet 2.0?
According to the team, the new wallet will offer a number of exciting new features. Not only that but it will be supported by top blockchains and NFTs. Some of the new features that testers and later users can expect include multi-chain support, dark mode, as well as a brand new dApp browser.
The team also stressed that these are only the features that will be available initially, right after the full launch. In time, they also plan to introduce a number of new things, although they did not specify which ones or when.
As for the supported blockchains that the wallet will support, those will include Bitcoin, Ethereum, Enjin, Litecoin, Dogecoin, Binance, Polkadot, Kusama, Acala, and Karura.
Apart from the mentioned features, Enjin Wallet 2.0 is also expected to come with some advanced improvements and features, such as the fingerprint scanner for greater security; custom fees and limits, import and sweep feature, auto-add tokens feature, support for over 25 languages, as well as the local currency where users can view the balance in their native currency, for an easier funds management.
Also: How Will Xchange Monster (MXCH) Impact The Gamefi Industry Along with Enjin (ENJ)?
Xchange Monster ( MXCH) is a fully-regulated platform by FINMA, one of the most recognised regulators in Switzerland.
One Love,
the FXPROFESSOR
Enjin Coin Goes Bullish | Bottom Pattern ExplainedWe have this pattern on the Enjin Coin vs Bitcoin (ENJBTC) chart which we saw recently on the Solana (SOLUSDT) and Polygon (MATICBTC) trading pairs.
We have a low 12-May followed by a lower low 13-June.
While the MACD and RSI print higher lows giving us bullish divergence.
Right after the lower low on 13-June we have accelerating growth.
We now see prices moving above EMA50.
On some pairs with the same pattern, such as MATICBTC, we can see prices already above EMA100...
Remember, what one does the rest follows.
Many Altcoins have already produced very strong growth.
More to come...
See the 'Related Trade Ideas' below for more.
Namaste.
ENJ/USDT: Key support tested - Direct rise expected---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
ENJ/USDT: Key support tested - Direct rise expected
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets ENJ suffered about negative global market situation.
- However we are focus on a direct rise now on this coin and we expect a fast and quick recovery regarding technical elements provided by the interpretation of the Elliott waves and bullish divergence on RSI
Market configuration
- Graphical Elements :
Graphical Resistance = 1,37 & 4,00
Graphical Support = 0,38 & 0,22
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market at 0,74 = Bearish
RSI indicator (below) is bouncing off key support with divergence = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C (B) has been already reached = 0,38
Fibonacci resistance of the wave in progress = 0,74
Fibonacci support of the wave (c) (B) (max extension) = 0,22
Fibonacci Bullish Target = 1,37
Conclusion
Preferred case => Regarding the mid-term element, ENJ is offering the perfect entry area for DCA or short-term recovery as long as 0,38 remains a support area valid, a break above 0,74 will confirm a rise to 1,37
Alternative cae => breaking below 0,38 - direct drop to 0,22
$ENJ (log chart) - Not quite there. There's a case for the move down being done (ABC classic ZigZag ).
But I dont like that fact that the 2D RSI here isn't above the 30 mark on its divergence. Which leads me to believe we could see one more bout of downside to finish off this correction.
The coin is making nice waves tho and I have good hopes to see it at ATH before long.
Happy trades to all.
ENJ can Go Bullish Or Bearish!what can expect in Both SituationsENJ is in a Symmetrical Triangle and Haven't done a Break out Yet! So We can Not Determine Whether It's gonna be bearish or Bullish We Have to wait and see what will happen. in Bullish case The Price will Reach 1$ Which is also a Strong Resistance as well! In Bearish Case The Price will Reach 0.5$ which is also a Strong Support For ENJ ! The Expected Movement will be Confirmed In a Few Days!
-ENJ is in a Symmetrical Triangle
-No break out yet
-Bearish Case :0.5$
-Bullish Case:1$
-Trend will be Determined In a Few days!
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Thank you for seeing idea .
Have a nice day and Good luck
ENJ/USDT BUYING SETUPENJ rejection after hit resistance bullish flag trendline , and also any inverted head and shoulders pattern now correction to make right shoulders IHNS will valid if rejection not breakdown the support
potential breakout and continue upward movement
Buy zone : 0.635 - 0.585 - 0.5
Target : 0.7 - 0.744 - 0.784 - 0.837 - 0.904
Stop : 0.47
ENJUSDT Long Setup!ENJUSDT Technical analysis update
ENJUSDT currently trading at $0.69
Buy level: Above $0.725 (only buy after the price breakout)
Stop loss: we will update once we see the breakout
Resistance 1 : $0.78
Resistance 2 : $0.86
Resistance 3 : $0.92
Resistance 4 : $1.00
Always keep stop loss.
Thanks
Hexa
STORJ update from Dec 2021Little update from Dec 2021:
STORJ Elliott wave played out perfectly since my last post from 6 months ago.
Going forward? Depends on how Bitcoin performs. I’d anticipate a multi-month accumulation phase before attempting any bullish breakouts. We’re at a great place to dollar cost average (DCA) but I would save some $$ in case Bitcoin retests $25,000 and possibly falls below. In that case, STORJ as well as the overall crypto market will also fall significantly.
Not financial advice, simply sharing my thoughts and providing a little update from 6 months ago.
Happy trading and Good luck to all!
BUYING ENJ/USDT (SWING)$ENJ has hit support and make a strong rejection , Consolidation movement we can swing in this situation .
in lower time frame potential make a IHNS pattern
Indicator like RSI and stochastic showing oversold , we can setup entry
Buy zone : 0.666 - 0.646 - 0.625
Target : 0.695 - 0.712 - 0.742 - 0.774 - 0.876
Stop : 0.6
ENJIN COIN WARMING UP ITS ENGINESGood morning all
We will be looking at the ENJ/USDT pair this time around
Lets begin!
In our previious analysis we pointed out regions where price could bottom out for enjin coin, as shown below;
Price is trading at that level currently and we have ourselves a Regular flat correction in play judging by the price action.
In theory a regular flat has it's C wave to be 61.8%, 100%, or 123.6% of wave AB. So far we have a 100% retracement leaving us with our worst case scenario zone aligned with the 123.6% fib support level. That said, this is a very good buying opportunity (don't take my word for it)
Our targets for the 5th wave fall within the $12-$15 dollar range depending on where the bottom will be.
Past analysis linked below
PLEASE APPLY PROPER RISK MANAGEMENT!
If you agree with the idea, pls like, share, and comment your thoughts below.
As always, feedback is appreciated!
ENJ/usdt 1d - falling wedge📍the asset draws another wedge. Now it's too early to talk about the entrance, the figure is not drawn to the end. We have already taken profit on this asset when breaking through a large wedge.
Now we will act in a similar way: if it breaks up, you can buy.
If we go down, we will most likely enter a sideways movement at the level of $1.19.
🀄Watching
WHERE IS THE BOTTOM FOR ENJ? - ENJIN COIN ANALYSISIn our last enj analysis we talked about how price needed to reach at least the 61.8 retracement level of correction wave B as shown below
Now that we have reached and bounced from the 61.8 level, what comes next?
It appears our currect wave C has created a falling wedge pattern, which could soon be confirmed as a Running flat pattern 3-3-5 correction if we get another leg down.
Levels to watch out for buying are the 76.4, 85.4 & 90.0 fib regions. Have some orders at the 100% retracement level too(0.735) but i'm doubtfull of it.
Global View:
Should the above scenario play out, We will have ourselves targets ranging from $10-25
1st Target- Previous ATH
2nd Target- $10-13(1.382)
3rd Target- $17-25 (1.5-1.618)
If you agree, pls like and share your thoughts in the comments.
Always manage your risks.
ENJ on the way to reach 1.05$(or 2.2$?)ENJ is in a Descending Parallel Channel Right now and This Means The Price Can Decrease further. But there is a Slight Chance that the Price would be able to Break the Bearish Channel & Reach 2.2$ again. But If It wouldn't be able to break the Channel, The Price Shall fall to 1.05$.
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Thank you for seeing idea .
Have a nice day and Good luck
#ENJ / USDT #Signal @everyoneBuy zone in yellow range
Potential targets around green levels
Buy & Hold investment idea not day trade
Stop loss (if any) depends on your strategy so decide yourself
**Fair bit of fear and volatility in the market recently so remember your money management**
**Please like and sub for more simple no junk trade signals**