Evening Traders,
Today’s technical analysis will focus on ENJBTC, noticeable bull volume coming in, it needs to close above structural resistance.
Points to consider,
- consecutive higher lows
- Structural resistance to break
- Respecting trend line and 200 MA
- RSI projecting up
- Stochastics in the lower regions
- Noticeable bull volume
ENJ has been...
4H candles
Enjin is one of the promising projects to succeed
Once price broke the parallel downtrend channel
gave us a nice +75% at the pick at 4/2/2020.
As long price stays in the parallel uptrend channel
will have bullish trend
Targets:
1324 satoshi
1411 sat
1500 sat
Take Profit up to +25%
Stop Loss -7,8%
Good Luck
ENJ has a repeating fractal I believe is worth noting. The last time we completed this fractal, ENJ grew 9x in about a month. This might be a great time to nab some cheap ENJ before things take off. Keep your eye on this one.
Thanks for Taking Interested in my Trading Idea.
ENJBTC: READY FOR NEXT 450%.
WE HAVE SAW SOMETHING ON CHART ON PREVIOUS TIME I THINK IT WILL REPEAT NOW AS WELL
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Note: This is only for Educational purposes; this is not investment advice.
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ENJ ANALYSIS:
ENJ looks to have been forced down by a whale recently on a major selloff. This selloff was quickly eaten up by buyers, and lune has not decreased since. This is strong positive sign for a bullish attempt to break thru the recent top at 1600+ sats. I expect another push up to T1 at 1650 sats, followed by T2 at 1790 upon the break thru. The final...
the asset gets close to BB50 basis and as RSI indicates the over sold situation it is possible to see a rise in coming days as a result of
volume rising .the BTC dominance is reducing and it seems that the ALT session have started .maybe it is the time to buy your alt
the short term target is 16 sat and the loge is 17 .time is the key and with profit for all of us.
Take from this what you want to.
TP 1 .143ish
TP2 .1.49ish
Seems to have a confirmed break out of trend lines
Looks like a good short term play. Long term breakout happened 3rd week in Jan so possible 1week+ play.
Over all looks strong in my opinion.
Let me know your thoughts or questions or dm me!
not advice just an idea.... I am some random dude on the internet...
After breaking through the accumulation channel, the price of the coin formed a triangle, which was broken down over time.
At the moment, the price has broken through support (mirror level). Price goes to the previous accumulation channel.
Trading inside the channel from pivot points (zones) that act as support / resistance levels.
At the entrance, use an...
I'm not into shorting or longing, I simply buy and sell but for those currently looking at it, be cautious!
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
ENJ/BTC pair shows continuation long trade opportunity in weekly, the price tries is now at the resistance level, and I think it will break out sooner or later.
If you go back to the daily chart, both my indicators show bullish entry as well, the risk rewards is very attractive, stop loss at the previous swing low, will take some profit at 1919 level , then 3000 level.
