Enjin Inverted Head and Shoulders Breakout Variation. I saw a chart by Thewolfofthedesert mentioning an inverted head and shoulders on enjin but have a slight variaton of my own. I do not count the downwards wick on the head because it was a random spike imo.
Thus my personal target would be around the green box between 17xx-18xx because of the length of the head.
His idea was the one who got me started:
ENJBTC
ENJ coin revving up?Enjin has a symmetrical triangle forming overall.
Currently the price is consolidating and that confirms a potential triple top within the triangle.
Potential price movements have been plotted in green and potential bear bounces off of resistance are in red.
StochasticRSI is indicating a bullish divergence. Currently at ~62. A bounce before 80 will help to signal the triple top pattern is forming.
Volume shows there is selling pressure and we are bearish after the long rally we see in the past 2 hours.
Price will most likely continue to consolidate until it reaches the .382 or .236 fib levels.
Watch for a break to the upside of the triangle, if the volume becomes bullish within the next few hours
ENJBTC - Impending bounce off the .618 or .768 fib extThanks to a mate for this tip! FA wise, I'm super bullish on ENJ.
Safe Entry: Above the -.618 with a candle close confirmation of a reversal.
Stop loss: below previously defined support
Target: .618 as it is traditionally a hard to break resistance.
RSI 30, oversold
MACD just about to crossover. No confirmation yet! My customized settings stop false flags more often than the regular MACD indicator.
Chande Momentum indicator shows a very strong bearish movement. I strongly believe this is the perfect entry: a further breakdown of price will hit a stop loss and ENJBTC can be bought in the future. Hitting lower levels is very possible at this rate so I would suggest staggering your entries.
Black dashed lines indicate previous lows, where we could be headed. Be safe out there!
Happy trails!
#ENJ #enjbtc is looking bullishENJ has reached the support arc. and it looks it is holding.
this trade can be done in two ways
aggressive trader.
buy now than set your stop loss under the support arc. target is 50% gain
safe trader;
buy above the resistance arc. stop loss is undert the support arc.
Salem
ENJ about to rallyHey guys,this is the first analysis i publish on this platform.It mainly shows my vision of how enjincoin is behaving in the past month.
Accourding to this analysis,we should see ENJ at about 1900 sats at the beginning of March.
Keep in mind that after this short-term increase in the price of ENJ,we are going to get to the breaking point of the symmetrical triangle.Probably going to go up over the 2000 sats mark,but it's best to keep an eye on the graph.
Remember this is just my opinion on how things will work out,not any sort of financial advice.
I'd love to hear your thoughts (both positive and negative) on any ideas related to this post.
Best of luck!
What's the difference between ENJ and NASA? ENJ will moon again.Enjin coin is going to be HUGE in 2018 and 2019.
Available on Binance, KuCoin and more
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Fundamentals and news:
ENJIN COIN (ENJ) NEWS
* 2 Major partnerships coming up soon! (1 this month, possibly both, no set ETA)
* 1 Big Exchange in March
* 1 Bonus exchange on approx 22 of Feb - Singapore time
* iOS aiming for development completion by end of this month, release is set for Q1 pending apple store approval
* SDKs under rapid development to be showcased at the GDC
* EnjinX User Interface completed , development has begun!
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Technical Analysis
I think we will go down slightly more and then bounce off the bullish trend line
MACD going up, RSI going up.
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Buy-in zone:
Under 0.00002050
Stop loss: This is your decision, evaluate your risk management, see how long you want to hold the coin for before selling. adjust your stop loss accordingly.
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Target (short-mid):
2400
2600
2800
3000
This coin will be massive in 2018. mark my words.
If you like this and want to see more feel free to join : t.me
We offer Trading signals, education, investments and more to come. IT'S ALL FREE.
ENJIN | Smart cryptocurrency for gaming Enjin Coin (ENJ)ENJIN will up with support Triangle Pattern and MACD . Enjin have trend up very strong .
And Enjin was experience stable period .
Now enjin start walk .Then run Then Fly .
Best Project For gaming .
Enjin Coin - Customizable cryptocurrency and virtual goods platform for gaming.
This is only signal for mid-term . I will update when have any change
Buy a few and hold it
Buy Zone : 0.00001900 - 0.00001940
Profit Target :
(1) 0.00002200
(2) 0.00002600
(3) 0.00003000
Good luck everyone
Thanks
Head and Shoulders finishing with a Cup and Handle.If you followed my previous post, you'll have seen the H & S we were following. So far we are seeing strong signs of a trend reversal in favor of the Bulls. Right now we are witnessing the completion of another bullish sign of an overall market increase in value. The Cup and Handle to the right of the Head and Shoulders is actually integrated with the right shoulder of the first pattern we were watching.
Signs are showing that market sentiment has improved. Good news has been following Cryptocurrencies for about a week now. Chinese New Year is about to end. A lot of signs are pointing to a market recovery. And, if you're like me, you don't believe that 400 Billion dollars in market cap could have simply been deposited back into bank accounts across the world within just a few days. I believe that all this money has been sitting in exchanges in the form of fiat or Tether waiting for the smoke to clear. A confirmed breakout will signal the bots, day traders, and "smart money" to all re-enter this market. When this ball gets rolling it's going to be hard to stop.
Not saying that BTC is going to "moon" again, but a lot of the coins which rely on BTC as their primary trading pair will be more fairly valuated and will recovery soon. If BTC hits 11,000 USD we may see it flatten out and stabilize. Money will flow through BTC and into the "alts" (superior technologies) which will show BTC as having massive volume with little change in value. The alts, meanwhile, will be enjoying a strong recovery.
Good luck and happy trading.
harmonic oscillation maniaDGD did this exact same pattern when it hit one of its ATH's. This kind of oscillation is exponential which means that if im rcorrect about this, it will grow disproportionately and then collapse, (a small bubble if you will). Watch for the break above this consolidation pattern and it will fly very high.
If it breaks down below the lower consolidation line look for a better entry point.
Enjin ENJ BTC Forecast - ENJ-OY this One!ENJ chart shows two ABCD patterns. One was successful and the other is yet to occur. Usually wave D is lower than wave B for a bullish ABCD pattern. However experience in the crypto market showed me time and time again that this may not be the case since the price could be supported earlier due to increased volume and new traders involving themselves at a later date.
Resistance and support area have been tested a couple of times and have proved difficult to break.
Events:
iOS Wallet Pending App Store Approval - 31 January 2018 or Earlier
Important: set your stop loss in case wallet is not received or miss deadline.
This is not an investment advice, always do your own research.