ENJUSDT Flag PatternENJUSDT (4H CHART) Technical Analysis Update
ENJ/USDT currently trading at $2.27
Long Entry-level: $2.15 - $2.30
Stop loss: below $1.92
Target 1: $2.53
Target 2: $2.78
Target 3: $3.05
Target 4: $3.50
Max Leverage: 2x
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
ENJUSDT
ENJUSDT Prediction If you've followed me for some time, you know my method is a little different from others, I'm using mostly pitchfork and pitch-fan and comparing relative market to each other to reach conclusion, that does not mean I'm a better technical person, but I have different perspective of market.
ENJ/USDT towards a CUP pattern | Jump Net Launch. 1 DAY chart of ENJ/USDT is indicating to a cup pattern in upcoming days. ENJIN is launching JumpNet on April 6, JumpNet is a high-speed bridge network that will allow free, instant on-chain transactions of Enjin Coin and ERC-1155 tokens.
Before this event, we may see consolidation and strong support between $1.7 to $2.05. After the event, there are high possibility to see Volume increase in ENJ.
One more update is that after JumpNet, ENJ is going to launch Efinity. which is scheduled this year in 2021, Efinity is a decentralized blockchain for NFTs that will support next-generation token features and assets from any blockchain.
So, ENJ is worth investing for long term. My prediction for this coin by July end to cross value of $7.
ENJUSDT | Accumulation Before Price Growth?Hello, traders!
Let's consider ENJUSDT and ENJBTC price action analysis. The second one is very important too because we should know if the ENJ is going to outperform the Bitcoin or not.
ENJUSDT ANALYSIS
ENJ was in the strong uptrend and it is obvious that it needed the correction, but which level could be the bottom? We can see that the price now is forming the falling wedge. There was a clear rejection to break the upper band to the upside. Here are 2 possible scenarios now.
1.Green scenario. The price will drop to the support level ($2.15), form the double bottom and break the falling wedge to the upside.
2.Red scenario. The price will move inside the falling wedge till the it's end. In this case the S1 pivot level ($2.04) looks like the possible dip level.
It is also have the probability that the price will break the wedge to the upside right now, but this trade is risky, we should wait for the safe entries to protect the money.
ENJBTC ANALYSIS
For the ENJBTC analysis we can see the almost similar price action. The price was in the uptrend and supported by the trendline, broke it to the downside, tried to re-enter and got the rejection. Now it is forming the downward trend channel which can be also estimated as the bullish flag. Bullish flag have the high probability to be broken tho the upside, but at which level we can finally see the support for this correction?
1.Green Scenario. The price will bounce off the previous dip support level and continue to move in the upward direction.
2.Red Scenario. It is the larger correction case. The price will find support at the weekly S1 pivot level and continue to move in the upward direction.
SUMMARY
It is risky now to execute the long position for ENJUSDT. We think that to protect the money we shoul wait for the safe entry levels.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
ENJUSDT AnalysHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: 2.2-2.15
target zone: first tartget 3.6,second 4.2
after first target reached move ur stop to breakeven
stop: ~1.95
risk/reward 1 to ~7
Good luck
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
It's not financial advice.
If i help you TO EARN SOME MONEY i will RLY VERYVERY appreciate for your donate.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions(PM to me).
ENJ 12h Do you still have the strength to grow?Two months have passed since the publication of the previous idea of ENJ
And here's how it worked:
As we expected, the absolute maximum of the ENJUSDT price in the region of $0.48 was not updated from the first try.
There was a drop to $0.29, a consolidation and from the second time they were able to break through and gain a foothold above $0.48
And then we have uncorrected growth. A small consolidation was near the level of $1.25, which was the first target of profit fixing for us.
Probably one of the main factors behind this growth was the fact that Enjin Coin is an NFT token. And NFT tokens are now trying to hype no worse than Defi projects almost like a year ago.
Now the critical level is $2.90
Fixing the ENJUSD price above this level will open the way for another upward impulse to $4.00-4.10
If sellers are activated right now, then a sharp drop in price by -50% to $1.25 is possible.
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
ENJ/USDT Chart 18/03It's getting embarassing lol
I truly hope it won't follow the same path again, otherwise it'd be quite ridiculous imho
Anyway, if we manage to find support at 2.519 and hold it, then further growth is plausible.
In that case, basing on this 4-times-right pattern we could expect it to visit the 3.51 area and get rejected to the previous high around 2.9
I am starting to feel sorry about posting this ahah
Is fifth time a charm?
ENJIN COIN SATOSHI ANALYSE My analyse and guide on following enjin for the upcoming period of time.
ENJ is one of my favourite cryptocurrencies and I believe we can continue up for sometime as long as BITCOIN remains strong and above 57k.
A sudden strong drop of BITCOIN would invalidate the analyse and a break of the support + last point would also change the bias of this pair.