"Play and earn" was The most enjoyable sentences that I did love to hear when I was younger.
Nowadays Game tokens are growing great like Axs, Gala and so more.
The technical chart is on a good form and much more important point is that the whales are accumulating ENJ faster than before.
I believe ENJ is the next one and it can raise at least to 14usdt in the next...
This is a very fascinating coin at the moment!
Price at the weekly uptrend support zone!
Even though (technically) the overall structure is bearish but we can ignore the presence of such a strong weekly support!
If the price bounces northwards then this might be a very good indication for bullish moves on ENJIN Coin!
This formation of moving averages layered 50,100,200 is a great candidate for bullish action
This is shown in right slide, which is BTC's legendary run to 20K in 2017
Enjin on the left is showing the same MA state hinting at bullish potential
As its easier for price to move upward with MA's like this, the path of least resistance is taken
I am long ENJIN
Enjin had gone SO well for us and thank God we have the good habit of taking profit and re-investing.
AXIE INFINITY, Sandbox, ALICE, have all taken a piece of that pie (NFT/Gaming) and Enjin seems to be struggling for direction.
A lot needs to happen to see new all time highs but we still love our ENJIN and we carry some.
I did not buy Enjin because of the...
whats up ? everything is okey ?
We are faced with a complicated chart
The trend of chart is downward trend and in here we are encounter with the first support
when the trend is downward we should take short position but because of market that is bullish in few months later we should buy and hold and take long position in sensitive area
Since the lows during July, Enjin has been going straight up.
After confidently breaking the $2 resistance, ENJ has recently re-tested $2 and confirmed it as support. The area between $1.7 and $2 is currently the main area of support, I don't expect ENJ to get below this area anytime soon.
Current target is the $2.8 resistance, based at the local tops we had...
Massive dip today, probably well orchestrated too with billions of dollars lost in liquidations.
Let's take a step back and see how our levels works.
Look at our previous ideas below for comparison.
No love today,
$ENJ broke out from a strong resistance, it may continue its upward move from here or maybe make a correction move .
based on fib levels the min target is $3.2 and I think this powerful coin have potential to touch $5.3.
I have been long awaiting the launch of Efinity
I can't attest to what will happen with price action in the short term, but long term ENJIN and its surrounding ecosystems are posed to take over the NFT and Gaming crypto space.
Do your own due diligence and research into what ENJIN is building here with launch of Efinity and Jumpnet.
Small piece of information...
ENJ has been lagging behind when a lot of alt coins have had some massive gains recently. Now I think it could be ENJ’s turn to make a move.
You can see on the daily chart here that it is testing the neckline in an ascending triangle. If it can break the neckline the dashed lines would be areas of target prices. Hope this helps!