ENJUSDT
ENJIN- Breakout in the makingOur updated ENJIN chart with key technical analysis points.
Price has just exploded upwards, outside the wedge, so if you get on it mind the support level and do your math right.
PS. We had been posting about ENJIN in early stages, took profits perfectly and now it's time to start monitoring it daily again.
the FXPROFESSOR
ENJUSDTHello to you all. Mars Signals team wishes you high profits at all times.
Prices are fluctuating inside the triangle. We have to wait and wait for it to come out from every side. Then we enter into a deal
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
ENJUSDT UPDATE!!!!Hi Traders,
ENJ has currently formed a Head and Shoulders formation on the Daily timeframe. The second shoulder has failed to provide any volume with creating a lower high and a lower high shoulder compared to the first one. As this has formed not he daily timeframe it must be regarded as a strong formation and therefore a large move is due. Volume has tailed off significantly on the second shoulder and continuing to create lower highs. We will look for volume from either side as indication of where it wants to go. The first zone is our first line of support as there is a concentration of volume held in there and the 100MA can be seen within the zone. If this fails to hold as support expect prices to fall into the second zone.
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MS
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Update on ENJ - Still not time to long yetENJ is a rather obedient coin. Since Jan’2021, it has done the following within the same channel
Reach new all time high (ATH)
Retrace
Consolidate sideways
Repeat
The current retracement is par for the course for ENJ's price action since Jan'2021. I maintain my position that ENJ will touch the lower end of the channel around mid-May, and then bounce off to touch a new ATH.
In other words, ENJ's dip or sideway movement might continue in the short term till 2H-May'21. Long accordingly.
(I'm personally anticipating a short-term recovery from now till mid-May, and then another dip.)
ENJ USDT - HARMONIC PATTERN - GARTLEY (Revised - %48 P.Margin)Bearish Gartley pattern is seen in ENJ USDT.
Formation targets are indicated by Green lines.
For Point C, the Formation is valid unless the candle closes below R.S.2 (886) (Return Support Level ) in red.
It has around %48 profit potential (for T.P.1)
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Please do not make decisions just by reference to this analysis. We have friends who use many other technical analysis formations. I share these analyzes to contribute to the awareness of sworn translators and individual investors in alternative education style. It reflects my personal opinion.
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Not Investment Advice.