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Enjin Coin (ENJ) - June 18

BINANCE:ENJUSD   Enjin Coin
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(ENJUSD 1W Chart)
We need to see if we can continue the uptrend by moving above the 1.58953080 point along the uptrend line.


(1D chart)
We should see support at the 1.35937421 point and see if we can move along the uptrend line.

If it deviates from the downtrend line, I would expect it to move towards the 1.79815147-2.01754009 section and re-determination.

If it falls from the 1.35937421 point, a Stop Loss is required to preserve profit and loss.
However, it may follow an uptrend line, so you need to trade cautiously.

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(ENJBTC 1W chart)
If the price is maintained above the 2766 satoshi-2943 satoshi range, it is expected to maintain an uptrend.

If it falls from the 1911 Satoshi point, it may take a long time to rise as it enters the mid- to long-term investment area.
Therefore, careful trading is required.


(1D chart)
It remains to be seen if the 3344 Satoshi-3711 Satoshi section can find support and break out of the downtrend line.

If it falls from the 3225 Satoshi point, Stop Loss is required to preserve profit and loss.
However, it may follow an uptrend line, so you need to trade cautiously.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See 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 a profit or loss in investment.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

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