ENJUSDT
ENJThis one has already pumped quite a bit...would expect the purple box to fill.
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
$ENJ, one more leg up for now?We're in a very bullish altcoin-year and those who have invested a substantial amount of their funds since January have done really well. Many if not most of the altcoins have done five-baggers, ten-baggers or even more. Yet we all realize that nothing goes up forever. How to decide when to get out?
One of the indicators I follow is RSI. Once we see a continuous pattern of lower highs in the RSI, one has to be careful. $ENJ is showing such a pattern. The earlier chart I uploaded spoke of a target of 2.4 and I still stand by this, but the log charts shows that the strength is fading away. Does this mean we are coming to the end of the bull market for $ENJ? Not necessarily, but it does predict that we may be getting ready for a bigger correction and only based on the shape of that correction, we can decide whether we are at the end or about to start a new bull-run towards new highs.
ENJ/USDT Chart 15/03The previous chart looked silly enough, but it worked and it looks even sillier now ahah
How long is this thing gonna keep following a similar pattern?
The trend has been bullish since the start of March and I think it would be healthy for it to slow down a little.
However, after March 12th breakout there was a retest of the previous high (around 1.94) and it looks like we found support there.
If the trend is going to repeat we could see a test around 2.51 (or even lower to the previous high of 2.19) but the general sentiment is pretty positive and we may be set for further growth.
If on March 18th we'll see a 3.5 or above this thing is broken - hope not lol
ENJUSDTAs the Bitcoin dump is happening, this weak 40% move up for ENJ is considered a strong breakout.
But it's still weak because it stuck around the resistance for the past few hours... it might be consolidating but you have to be cautious because today is a risky day overall.
Wait until the market calms down, wait for 1D closures.
Don't jump into every trade for now.
ENJUSDT To the moon!!ENJUSDT (4H CHART) Technical Analysis Update
Waiting for the Ascending Channel
ENJ/USDT currently trading at $2.41
Long Entry-level: Only buy after the ascending channel breakout. (above 2.60 level)
Stop loss: I will update once I see the breakout
Target 1: $3.00
Target 2: $4.00
Target 3: $5.00
Target 3: $7.00
Max Levrage :2x
ALWAYS KEEP STOP LOSS...
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ENJ TO $4I think we'll see ENJ hitting $4 very soon, with some pushback at the $3 mark.
One of the top projects for 2021 in my opinion.
ENJUSDT. One last push for the engine.Hello traders. ENJ/USDT has made another higher low and after forming a nice bullish candle triangle seems primed for one last push before correcting again. I have supplied my buy and sell zones. Good luck!
More upside with EnjinEnjin Market Cap at the peak of 2017 was $400 million.
Right now its at $2B, only 5X.
The amount of innovation and the work that's been done in the Gaming/VR space since then + Partnerships + Covid tailwinds suggest there's way more upside in Enjin despite the reason parabolic moves.
Catalysts
- Jumpnet launch April 2021
- Efinity Launch 31 Dec 2021
Partnerships
- Microsoft Azure
- First gaming token approved in Japan
- Atari
ENJUSDT Hello to you all. Mars Signals team wishes you high profits at all times.
ENJ is an NFT token which has had a good growth and now it is ready to grow more. It is in a bullish triangle and if it is able to break the triangle line, it can see higher prices where we have shown the TPs for you on the chart.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
ENJIN 45min Outlook/Triangle breakout confirmationHi guys.
ENJ in one of the projects I have been following for quite some time, and it gave good results, so i think this is just a far signal to share with you.
The breakout of the triangle was seen on a one hour outlook while the markets were retracting and started recovering, and now we are seeing a confirmation on 45min chart, but still yet there is an overall bearish pressure on the market, so I suppose that we will see a more volatile move, but the overall structure on the chart is bullish both short term and mid term.
TP 1 is 2.2 usd, TP. 2 is 2.4. and TP 3 is 2.4 usd. SL should be bellow the middle line of the triangle formation, or the red line to give it a bit more space, although this is a spot signal not a futures signal.
Not a financial advice of course, DYOR!
Good luck!
Will update on the outcome.
ENJ/USDT Chart 12/03Looks like a silly chart structure but who knows lol.
Value growth has been following a similar-looking pattern twice already, and right now it may be half-way to have a third one.
If it does, the value could reach 2.32 or so, then followed by a small retracement around previous high at 1.94.
Let's see
ENJUSDTHello followers
These are just my analysis and views on this coin and you should not base your trading on it, just go ahead with your own views, but your opinion is important to us.
Please comment?
ENJUSDT Bull Run Will Continue! ENJUSDT (1H CHART) Technical Analysis Update
Waiting for the Flag Pattern breakout
ENJ/USDT currently trading at $1.66
Buy-level: only enter after flag pattern Breakout ($1.67- $1.70)
Stop loss: I will update once I see the breakout
Target 1: $1.88
Target 2: $2.00
Target 3: $2.20
Target 4: $2.50
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
tip: frenzy of NFT's token ! ENJ/USDT analysis-Non-fungible tokens (NFT) are digital assets that represent a wide range of unique tangible and intangible items, from collectible sports cards to virtual real estate and even digital sneakers.
❇️Why they're important
NFTs have become hugely popular with crypto users and companies alike because of the way they revolutionized the gaming and collectibles space. Since November 2017, there has been a total of $174 million spent on NFTs.
What Is 🌟Enjin Coin🌟?
Enjin Coin is a cryptocurrency for virtual goods created by Enjin. Enjin is the “largest gaming community platform online” with over 250,000 gaming communities and 18.7 million registered gamers.
The Enjin team is designing the coin completely around gaming with the goal of it being the most usable cryptocurrency for the industry. The project includes the Enjin Coin as well as a suite of software development kits (SDKs) that developers can integrate into their games and communities. Bringing blockchain to gaming helps to reduce the high fees and fraud that’s prevalent in the transfer of virtual goods.
❇️-in a sign of just how frenzied the trading action has become, the ENJ token, from a startup company called Enjin, shot up 50% to surpass a market valuation of $1 billion. CoinDesk reported that Enjin planned to roll out two new product offerings focused on NFTs. ENJ is listed on big cryptocurrency exchanges including Binance and FTX, and there’s even derivatives contracts that can be used to bet on the price.
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✅TECHNICAL ANALYSIS
As we can see in the weekly timeframe logarithmic chart , The current price roam about 1.21 $,
Enjin has been trapped in a symmetrical triangle for three years since 2018, when he was finally able to escape after an explosive movement.
Although the current price can be slightly corrected , but According to the last tall candle that has formed now, it is likely that it will reach the orange area directly to conquer the first target.
(even without pullback to triangle roof or green support again). Reaching the first target is not unlikely even in the short term, but the next goals depend on conditions of crypto market and the green market .
Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps), With proper capital and risk management and by setting stop-loss because everything in this market is based on probabilities and there is no certainty.
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
Long ENJUSDTENJ may be ready to go up for the resistance levels as it seems to have completed its retest.
ENJUSDT Hello to you all. Mars Signals team wishes you high profits at all times.
The price has formed a head-and-shoulders pattern. Now we expect the price to go toward its entry zone and then resume its pattern. If the price breaks the entry zone and move toward the Stop Loss, then our scenario is failed.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
ENJ Potential Enjin is a great project that is trying to get there hands in the NFT market to provide lower fees.
Game NFTs are a big thing Enjin will be used for.
Huge amounts of volume.
Price sitting above resistance.
If we close above $1.80 we can expect to continue upwards.
ENJ/USD - Bearish divergence on parabolic move! Enjin find itself at resistance as indicated by the fib extension and $1.8 level.
We also painted a bearish divergence on RSI which is not a good sign, however MACD is still looking very bullish so this is not a major concern now, however if we continue to push up and paint a bearish divergence, price will drop eventually, so keep that in mind.
Since MACD histogram is looking healthy (expanding moving averages and ascending histogram) there are no reasons to be concerned right now.
Volume also looks good.
What needs to happen to remain bullish is for price to push above this resistance at $1.8, otherwise we may range and consolidate for a while as indicated by the green arrow.
There is also plenty of room to drop if for some reason the market turns bearish, so keep that in mind. For now we remain bullish, but do expect a consolidation, seems likely.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
💡Don't miss the great buy opportunity in ENJUSDT @enjinTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (1.5165).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ENJUSDT is in an uptrend, and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.20.
Take Profits:
TP1= @ 1.8000
TP2= @ 1.9900
TP3= @ 2.2410
TP4= @ 2.5000
TP5= @ 2.6790
SL= Break below S2
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