I have only one trade for Enjin Coin (ENJBTC) on Trading View; we hit all of our targets. You can see it here:
Today, I am looking at Enjin Coin again, which is available to trade on Binance, and the signals are looking pretty good.
Let's take a quick look for learning and entertainment:
We have a classic retrace where price found support at 0.786 Fib. retracement. MA200, black line, also working as strong support. As soon as these levels were reached, ENJBTC bounced up with strength.
Above average volume on the break of all Moving Average lines / resistance levels (last candle to the right).
The RSI is bullish.
The MACD is showing a bullish crossover as well as hidden bullish divergence.
All these signals are telling me that ENJBTC is about to make a move up. And for this reason, we decide to trade...
Enjin Coin (ENJBTC) Trade Instructions
BUY: Up to 0.00000910
TARGETS:
(1) 0.00001000 (2) 0.00001100 (3) 0.00001260
STOP: Close daily below 0.00000720.
If you have any questions, feel free to use the comments section below.
Thanks Alan, gonna enter this one. Appreciate the insight as always.
Quick question on your last ENJ trade, you suggested a S/L at 700 and the price bottomed at 570 (seems there was a flash crash that hit 510 on Nov 18 too). Probably a rookie question, but how come you didn't stop out?
AlanSantana
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@mattgarbutt, I had it marked on the chart.
trade-crypto4ever
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Great analysis man. If you remember last time when I commented about cnd that I wanted to buy and then u made a post!
This time I have bought ENJ last night! I spotted a W on a daily chart. I will like to ask you: do you think that a w formation is a strong reversal signal? ( beside other signals)