ENJUSDT 1DENJ appears to have bottomed at 0.2424 where it touched and quickly returned to the middle of the Keltner channel. At this exact moment it is at the lower edge of the channel, being able to visit the one at the edge of the triangular wedge at 0.2516. The biggest possibility is that it will go back to the channel's median to meet the MM200 at 0.2743. Remember that the asset always seeks the MM200.
Enjin Coin (ENJ) is an ERC-20 token built on the Ethereum blockchain. It is designed to be an in-game currency to buy in-game items. It also adds value to game features.
Here are the supports and resistances:
S: 0.2564 / 0.2529 / 0.2424
R: 0.2608 / 0.2666 / 0.0.2743
Enjin
🕹️ ENJIN -NOT CLEAR YET 🍊ENJIN is a project I am emotionally attached to.
Then again it's great that the chart saves me from some emotional mistakes:
Chart demanded short positions here:
Chart demanded more short positions here and an unhappy face here:
AT this stage, ENJIN has NOT Broken higher yet but chances are increasing
My Trigger (alert and Buy orders) ar at 0,319 with a stop loss at 0.298
I think that very soon it could be time to feel that 'Start your ENJIN' excitement.
One Love,
The FXPROFESSOR
Enjin Coin vs Bitcoin Chart AnalysisThis is the last chart analysis request I received in the comments section and it comes from @vtropiq... Let's see what the chart has to say.
We are looking at Enjin Coin vs Bitcoin as the we already know the drill for the USDT pair, at least here we have a different chart.
The June 2022 low/support remains intact, which is good news.
The bad news is that the volume profile and 9-Nov. rejection does not signal a bottom, there can still be lower prices.
As long as the June 2022 low remains intact (0.00001712), the bulls can jump in at any time but, following the trend, we can expect the low to break even after a bounce if ENJBTC doesn't manage to move and close above MA200 on this timeframe.
Is that a mouthfull?
You tell me, I don't know...
I am just saying that a close above MA200 is needed in the least or else any bounce/upward correnction is just that... But the bottom is surely close.
Namaste.
P.S. The arrow are just potential path projections.
They do not predict expected time duration nor real path.
Trading opportunity for ENJUSDT Enjin CoinBased on technical factors there is a Buy position in :
📊 ENJUSDT
🔵 Buy Now 0.3155
🧯 Stop loss 0.2784
🏹 Target 1 0.3600
🏹 Target 2 0.4320
🏹 Target 3 0.5400
💸RISK : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
ENJIN - Failure After Failure 😢ENJIN has been a well rounded disappointment.
Some ALTS have clearly had a nice rebound (MATIC for example) and others keep failing to re-ignite.
Enjin is in the second category.
0,46 is resistance
0,31 is again a possibility
Why?
Well start with this: every time I google 'ENJIN NEWS' I get random 'invest in this it will kill Enjin' results!
Not amused, not happy with Enjin.
It's good we have other options but I dow ish for Enjin to do better and shine again.
Some positive news:
Enjin (ENJ) Among Top 10 Crypto Choice Of ETH Whales In Last 24 Hours
ALTCOINSEnjin: These developments could mean well for ENJ but caution is advised
One Love,
The FXPROFESSOR
ENJIN- There is no emotion in TradingI am a bit sentimental, when it comes to projects I like and believe in but at the end of the day trading is just chart to me.
ENJIN's inability to break higher back into the channel was an opportunity to go short and I did.
At this chart you get to see the most likely scenario as well as the worst case scenario.. You also get to see the 'good' scenarion in which the price just gets back into the ascending channel and rises higher. Unfortunately at this very moment that third/good scenario is the less likely one.
Again, most likely the 0,462 is a good entry for a new Long. Thus this idea goes as Bullish .
Unfortunately, that little Push Higher never came:
It will happen eventually so patience now and remmeber to short something even if you really like not to.
One Love,
the FXPROFESSOR
🕹️ ENJIN -Just a little push = Breakout 🍊Potential Breakout here but still under resistance (previous channel).
A lift over 0.585 could result in a significant rise to 70 and 83 cents.
Enjin coin(ENJ)
Enjin coin(ENJ) is the utility token of the Enjin Platform. You may ask, “what is Enjin?”. Enjin is a platform that allows the creation and purchase of non-fungible tokens(NFTs) that can be used in games. On Enjin, tools are readily available to enable the easy creation of NFTs for purchase and sale. With its unique offerings, it has supported 250,000 gaming communities and handled 20 million users.
Some of the tools available on Enjin include Beam, Efinity, Wallet, Multiple SDKs, and wallet. All of these tools support the fast trade of NFTs. To carry out transactions on the platform, developers and buyers use the Enjin coin(ENJ) to access these tools. The token also has a deflationary supply, so the more its usage, the rarer it becomes. Hence, increasing in value.
Not sure if the timing is right but it could be one of those classic breakouts we had before:
One Love,
The FXPROFESSOR
ENJIN Coin Short term Correction ! As for now we have an opportunity of a buy trade since previous resistance has turned into support. However, we need a retest to the newest support to confirm the buying bias otherwise stay out of the trade but I think a short term correction with upwards momentum could be possible in the short term. Noticed we are in the oversold condition too and to add even more confluence it's a level of support that's been proven previously several time to push price higher + trendline area. Still could be broken so wait for a retest to enter in the breakout.
Enjin Coin ENJ bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Enjin Coin ENJ has a negative overall sentiment recently.
I have the following price targets:
ENJ/USDT short
Entry Range: $0.49 - 0.56
Take Profit 1: $0.45
Take Profit 2: $0.38
Take Profit 3: $0.29
Stop Loss: $0.63
ENJ Scalp - Very easy long😏ENj is awesome candidate for long since:
⭐️ BTC bullish
⭐️ Domination looks bearish
⭐️ We have 5 days of accumulation
⭐️ Spread is getting lower
⭐️ 4th approach
⭐️ Volume increases at top
⭐️ 50 ATR
⭐️ Over VWAP
Will enter when price slowly squeezes to the levelon 5m timeframe, the base will form and the tape will get faster.
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 😊
ENJIN - Updated ChartHi everyone,
Professor here and time for announcements:
I have decided to take it easier with charts for the next period and focus on education.
In my time here at Tradingview I have met a lot of (mostly) nice people striving to 'find out' what will happen next and how they can trade and make money.
💭 Allow me to say that the vast majority (90%+) fail to do anything good with the information they receive here:
- People don't realize that analysis (either Technical or any other kind ) and predicting 'what will happen next' is just not enough. Ever.
- I would say that Prognosis (right word for what you think is Analysis) is less than 20% of the success
- People don't know How to trade . (So why even look at charts? It won't help you much)
- Even traders with experience and knowledge..it's what they want them to know thus they struggle too
- The understanding of Trading that the average Trader gets from what's online is just WRONG
- Not knowing is fine. 'Knowing'' something that is fundamentally wrong is Bad news (exactly the case with some here)
- People do not know how to MANAGE their positions. That's number 1 issue
- They (and probably YOU) don't know how to manage yourselves, your emotions, your budgets or the market. That's the main issue.
👉 So why keep posting charts so often when the problem is something different?
There are TONS of material out there but I have seen nothing that meets my criteria and can actually help new traders in a simple, understandable, structured way that can work.
💡 So i decided to take some time off and create exactly that:
An easy to understand Method that works for beginners. Look for it in September.
I will be Back,
The FXPROFESSOR
ENJIN- Needs To Gain some Momentum (and Buyers)0.710 seems like a wall for Enjin at this stage.
0.66-0.64 area is where I would dare to go Long on this one.
In general, ENJIN seems to be very quiet this period and despite the fact that i hold bags from 44cents it kinda feels like i could had used this buying power in better ways...
Then again in many occasions great things happen in due time so i rather wait.
Enjin is great, I feel it will do well soon. It has happened before:
One Love,
The FXPROFESSOR
🕹️ ENJIN - Potential Breakout 🍊Market becoming Bullish early this week as you have been informed:
I think this time is ok to FOMO:
US printing money to fight inflation.. take a wild guess what that can do to Bitcoin (🚀🚀🚀🚀).
BTC Technical analysis:
Still in ascending channel . The Top (resistance) is just below 25k . I see 70% chances of breaking over the channel and off to 28k Resistance (our first target as given few weeks ago).
Watch the video and take a look at THIS:
After the Falls we naturally get a lake
I think it ended up being Perfect.
One Love,
The FXPROFESSOR
🕹️ ENJIN - Trading Can be Simple 🍊I love ENJIN, it's one of my favorite but remember:
The most common mistake is not taking profit (and/or not going short and hedge spot holdings at resistances):
My first target of 0,743 was checked: Allow me to say it worked perfectly.
What do i do in this cases?
Sell some spot and try a short position...The wait for support to take profits from short and buy more spot.
If you are reading this read it again (and again).
Nothing wrong with being greedy as far as one can be aware.
One Love,
The FXPROFESSOR
(Idea is posted as Long because Enjin could be 3$ again sooner or later)
ENJ at top of range and hitting resistance; Bearish?It may depend heavily on how BTC performs, but im feeling pretty bearish on ENJ as it stands.
As the title states, ENJ rejected off the resistance almost perfectly while simultaneously reaching the top of its range; on the dot, i might add.
Personally im looking for short entries on ENJ. But as always.. time will tell.
If this continues to sit sideways and isnt able to create a higher high, i expect it will fall back down to the bottom of its range before making progress upwards.
ENJIN - Failure to Break over 70 cents = UncertaintyENJIN is one of my favorite ALTS and i do have high expectations.
At the same time, failure to rise and test the key 74 cents Resistance brings worries.
Price is in an ascending channel, similar to Bitcoin's
The 49 (technical) - 50 cents (psychological) Support is strong but we do live in very uncertain times. Thus the 31 cents scenario is not to be crossed out completely; not yet.
Structure is still bullish and hopefully this is just a small correction of the rebound.
Breaking over the 74 cents would be a huge technical breakout for ENJIN and it could be possible this week but let's be prepared for everything.
One Love,
the FXPROFESSOR