The price of ENJ is $0.45 today with a 24hour trading volume of 202 million dollars. This represents a 9% price increase in the last 24 hours and a 88% price increase in the past 30 days.
Enjin Coin is a cryptocurrency for virtual goods created by Enjin. Enjin is gaming community platform with over 250,000 gaming communities and 18 million registered gamers. The...
Good morning all
We will be looking at the ENJ/USDT pair this time around
Lets begin!
In our previious analysis we pointed out regions where price could bottom out for enjin coin, as shown below;
Price is trading at that level currently and we have ourselves a Regular flat correction in play judging by the price action.
In theory a regular flat has it's C wave...
📍the asset draws another wedge. Now it's too early to talk about the entrance, the figure is not drawn to the end. We have already taken profit on this asset when breaking through a large wedge.
Now we will act in a similar way: if it breaks up, you can buy.
If we go down, we will most likely enter a sideways movement at the level of $1.19.
🀄Watching
The falling wedge is a bullish trading pattern as you can see as price getting tighter the further it continues into the wedge, eventually this pressure will cause price to break out to the upside
I've had this one on my radar for quite some time now, looks like the market finally gave me a dip to buy.
Enter with a stop-loss below support.
First Target- All Time High
Second Target- Marked Blue Zonal Area(1.272 Log Fib)
Completion of the 5th impulse wave should take us above $6
In our last Enjin coin analysis, we talked about how the price could go up to $6 dollars.
Today we will be talking about higher targets in our re-analysis.
Visit the previous analysis for inights(will also be linked below)
As we can see, price action is in a large ascending channel, one which price has continuously respected on each touch
Currently in a larger...
I have found two examples on the chart using Gann that portray a prior resistance turned support
This is a common price action feature
Also as price has consolidated above (8/1) I see a bigger Moonshot coming
As shown by the bars pattern and the rough sketch of how the indicator may evolve
The 4-hour chart shows that the Enjin cost has opposed odds in the past few days. While most coins have slammed, Enjin has kept a somewhat bullish pattern. It is even only a couple of points beneath its most elevated level this year.
The coin has additionally moved over the rising, It also seems like it is forming an ascending triangle pattern. This pattern is...
The daily chart shows ENJ cleared trend resistance at $1.7800 on the 20th. Furthermore, the price pulled back and bounced from trend support after breaking out, reinforcing its validity. After successfully retesting the trend, Ejin surged above the September high of $2.3325, now the first support. Below $2.3325, the 20, 50, 100, and 200-DMA’s join the trend (now...
ENJ is clearly signaling a bullish pennant on the weekly chart. It is also nicely holding the 50W EMA for its history.
Looking for rising volume and a breakout of the pennant pattern to the upside, which looks to be around the 0.382 Fib level at approx $2.
The next Fibonacci targets above the ATH are $6, $9.20, $12.50 +
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,
the FXPROFESSOR
We highlighted EJN on July 14th after our Pro Oscillator had generated a BUY signal and gave an initial target of $2.40 and today we hit $2.20. We should still be able to hit the $2.40 before a consolidation could be expected. If you have any questions please let me know. If you would like access to our Pro Oscillator then DM us for a link. As always please DYOR.
Enjin broke out of a consolidation triangle against $BTC. My targets are displayed on the screen based on the 0.618 fib, triangle breakout target and 1.618 fib. Thoughts about this?
ENJIN has made a bullish pennant pattern in the daily chart. MA200 also supports it. Now it's in a great zone with low risk. Stop-loss can be set under the EMA200.
You see we have broken through the top of the bearish trend now in a retest, also if you take a look at the RSI it indicated we are showing bullish momentum.
We very well may see a large pullback into the bearish trend.
If the weather is nice (if Bitcoin rises and the rest follow) then ENJIN will deliver.
If the weather will be bad during the weekend (Bitcoin drops and everything elses follow) then ENJIN will not drop as much as the rest.
Why? Because the charts looks much better than the rest of my favorites, including Ada, Sia, Vet and Celo.
Let's hope the weather will be...
