Hello and welcome traders to another trade idea with CRYPTO_BAHADOR!
ENJ Uptrend will soon take over.
Small time frame support will act like wedge.
Buy Zone: 1400 - 1520
Sell at: 1750 - 1900 - 2050
As shown in the chart, a triple bottom pattern is formed in the daily time frame. Also, a positive divergence is evident in the MACD indicator. If the neckline is broken, the price can go up to the specified target
Double bottom pattern hunting. Dive in for a few percents profit in one day!!
Margin trading: You could trade this on Binance Margin for more profit. Go long here for the target of 1400. Exit trade in case the purple support line is lost.
Spot trading: You could set up entries on both purple and red trend lines with the SL in daily close below the red...
EngineeringRobo and I are fully bearish about ENJ at the moment.
If you are holding ENJ at the moment, it would be advisable to sell now and buy again with EngineeringRobo buy signals or buy at the support level (0.115).
If buying with EngineeringRobo buy signals, be sure to watch for EngineeringRobo sell signals!
If you are interested in using EngineeringRobo, DM me!
I find price to be in Nested Wedge Patterns.
You can see two wedges on the chart. Bigger Wedge is more important as the Mid point of the Bigger Wedge and Intial Point of the Smaller Wedge are coinciding so they mark a important support level.
Price usually respect the mid-point of any wedge before any reversal or resumption.
Breaking below the Support will give...
There are 3 SELL signals present at the moment. I'm BEARISH and I don't think this is a good time to buy now.
If you want to buy again, we have 3 options;
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.17) for 1D to buy,
3- You can buy when candles touching the support line...
#BUY #ENJ #SHORT-TERM CALL ONLY
Buy Price: AROUND 750 SAT (INVEST IN PARTS)
Targets: 1000-1200-1500-1700 SAT
Strict Stop-loss: 710 for those who dont want to #hodl in case price goes down. However #ENJ is having some good support around 720-740 range.
Long term investor can ladder this coin till 571 (rock bottom) in case price goes down.
It’s been a busy year for Enjin.
-->It officially launched the Enjin Platform, a blockchain PaaS (Platform as a Service) that allows developers to create and manage blockchain games without knowing any blockchain code.
-->It kicked off its Multiverse program. This gives game developers everything they need to incorporate their games into the Enjin platform,...
Moon, buy2 and green robo signal signal . Here is my analysis:
2. We can buy at support = 0.2usdt
3. We can buy when resistance turns to support (1D open & close above 0.22usdt) = 0.22usdt
We can use sell2, sell1 or hell signal for sell decisions. Otherwise, we can also sell at resistance depending when you buy.
To make it as simple as possible, after breaking first major resistance line we formed second one lately. so i guess if we close this week candle above second major resistance line, we can see positive price action. ENJ looking promissing! GL