ENJ/BTC: Higher Lows, Looking for Further Momentum 2D (Aug. 13)X Force Global Analysis:
If you find our analyses to be helpful, make sure to support us by dropping a ‘like’
In this analysis, we look at Enjin Coin's (ENJ) 2 day chart, identifying key trend lines and areas of support.
Analysis
- ENJ has been creating higher lows and higher highs, until recently it has had a corrective trend
- Prices bounced on historical support, marked by the blue area
- It is currently trading below the 0.382 Fibonacci resistance, and has tested the 0.618 resistance with a wick
- However, as the overall trend is bullish, we could expect further bullish price movement from ENJ
What We Believe
Given that Bitcoin ranges sideways for a while, Bitcoin dominance will drop accordingly, providing opportunities for a bullish altcoin market. The overall cryptocurrency market is bullish, just as ENJ's overall trend.
Let us know what you think in the comment section below
Trade Safe.
ENJUSDT
ENJUSDT ANALYSİSI have 4 positive signals
If you hold this coin wait EngineeringRobo ' s sell signal or you can sell at the resistance line( $ 0,2132)
ıf you want to buy it wait for turning resistance line to support line then you can buy it around $ 0,21- 0,22 and watch carefully EngineeringRobo' s signals.
If you want to use EngineeringRobo please dm me.
ENJUSDT ANALYSISThe candles are stuck in between the support line (0.15313) and the resistance line(0.21398). In my analysis shows the candles go down now, so before you buy, you should wait at the support line.
when you buy in at the support line if you sell it at the resistance line. your profit will be about 40%.
I think it is a good profit, so good luck:)
Enjin Coin (ENJ) - July 19Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
-------------------------------------------------- -----
** This is the status of “Hide” the MRHAB-MY1 indicator, an indicator provided by our channel.
** To check the indicators, share the chart and click "Show" to see all indicators as they were before.
-------------------------------------------------- -----------
It can be said to be in an important position by rising above 0.20006360 points.
If supported at 0.20006360, it is expected to rise above 0.25246048.
If you fall from 0.20006360, you need to make sure you can get support at 0.17244671.
You have to watch the movement during the period from July 20-July 30.
-------------------------------------------------- -----------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ENJ/BTC (Another Leg up?)ENJ/BTC
-the cross ultimate indicator flashes signal last Dec 2019
-after then, the price continues its uptrend to date
-currently just broke the local resistance at 2191 sat
-now, it must maintain above previous resistance
-or at least pullback to retest and flip into new support
-staying above the green box is bullish
-trading priority is to Buy when a breakout is confirmed
Enjin Bounces of Ascending Channel Support - Buy OpportunityI really like this set up for Enjin vs BTC. The price action has been moving within this ascending channel since 2019 and recently confirmed support, giving us a nice bullish continuation setup. I outlined an inverse head and shoulders set up in green. It actually looks like we already broke the neckline and completed the pattern, but the price has returned back to the neckline which gives us a second chance to buy some before lift off. The MACD is bullish, holding above the zeroline with a near cross over the signal line. I'm long here! Look for resistance at the top of the channel, but don't be surprised if we bust right through it.
Enjin Coin (ENJ) - June 2Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
Points to be supported : 0.20006360 points
It is expected that those who had previously bought in the 0.13625483 to 0.20006360 segment will now begin to realize revenue.
Accordingly, we believe that careful trading is necessary.
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ENJ is for long position for meENJin coin is now on 54 place in binance ranks. Before few days was on 53 place.
When 12 May broke bearish trend, who was consist from many pumps and corrections is now on the next correction from overbought market when it reached new ATH in USDT (binance). On BTC chart we see testing resistance line on 1D chart. When this test will be passed, we will see with BTC and the same with USDT chart, moving up.
When I analyse with Fib retracement correction from december, we can see many similarity. Strong support it was on price 0,069$, who we see on Fib. Now we have strong support from price 0,163$ to 0,17$, and FIB is on the same about 0,618.
This scenario when not be broken yellow support will be create move sideways with more confirm this support about price 0,167$ and next come moving to new ATH (on binance chart USDT).
When this yellow support will be broken, we going on lower yellow line, who is probably rising long term channel.
ENJUSD bear or not?Chart is first thing, but when I see rising volume (blue chart), then I think, that ENJ broke this line. But chart is too young :-D What you think? Goes down, or up? Thees situation about COVID, there is also a chance that he will be picked down, and will be continue in bear trend... OR?
Anybody any ideas?
ENJIN COIN (Enj Usdt) Short Term TargetIt has created 3 different trend lines since March. It has now touched the third trend line and is about to form a cup and handle. My first target is 0,23566. And if the fourth trendline occurs then second target is 0,3157.
In addition, the wedge formation that fell next to the trend line on the 2-hour chart has formed and is about to end.
This is not an investment advice. It is my own personal work. good luck to everyone.
Uptrend channel in ENJ/BTCHello Traders,
ENJ/BTC is inside an uptrend channel after breaking out.
On the daily charts, we can see a weakness to continue the uptrend movement, that is why we believe the price will test the support of this uptrend channel.
But we are seeing this asset on bullish momentum so expect the price continues the uptrending in the short term.
Best regards, Sandro and Gustavo.
Feel free to visit my pages if you would like to know more
Enjin Trying to Mine those Diamond Blocks 💠 | ENJIN ($ENJ)⛏️ It was only a matter of time before someone mashed up the block-based Minecraft with the block-based Blockchain. Well folks, the wait is over, Enjin has finally done it with their EnjinCraft plugin for Minecraft. This release shows Enjin is hard at work and that at least some of the past ENJ FOMO was warranted. That plus some mega bullish action since the COVID bottom has us looking for some levels for the bulls who want to mine those rare blocks.
Support ENJUSDT(Left):
First up we have the S1 S/R flip and orderblock cluster that includes a previous high. This is the first logical spot to look for a pullback. We have a similar formation at the S2 orderblock, although this level traces back to the pre-COVID crash range high as well. Lastly, the S3 S/R and orderblock cluster has acted as a major price pivot point and should provide support if it is tested. That said, all of these levels are logical and are likely to see a reaction of some kind if we see any kind of a pullback on the USD pair.
Support ENJBTC (Right):
The ENJBTC chart is very similar in terms of levels. First up we have the S1 S/R flip and orderblock cluster that includes the previous range swing high. This is the first logical spot to look for a pullback and has already seen a retest. We have a similar formation at the S2 orderblock cluster and S3 S/R and orderblock cluster. Again, like with the USDT chart, any of these levels are likely to see a reaction to price if and when we have a retest of them.
Resistance:
Although there is some valid resistance on the chart, the BTC and USDT pairs have both been so bullish we aren't concerned with resistance levels yet. With that said, we are happy to map out resistance levels if the chart gets enough attention. So if you are interested, let us know.
Overlook and Summary:
Getting a chance to buy any of these levels is likely going to be a bit like mining some of those rare diamond blocks in Minecraft, worth the time it takes to get to them. With that in mind, trends can always change, so if the trend does manage to give us too much downside volatility too quickly we won't hesitate to Alt+F4 this outlook.
Resource: cryptoticker.io
✨ Drop a comment asking for an update, we do NEW setups every day! ✨
Like, Comment & Follow to help the community grow 🎉🎉
ENJ - Midterm bullishENJBTC looks pretty good, confident and significant growth over several months.
Midterm bullish if we get a close above 2050 sat (less risky to get consolidation above this level). Waiting for it and long.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.