$ENG/USDT have managed to hold the fib channel 50% line after testing it for several times. Thus this behavior doesn't show strength, but the fact that the correction held the 50% and not reaching the 38.2% is a good indication. Initial target insight is 7$ per coin, and if the market had a super cycle, we can go up to 40$ per $ENJ. Good Luck.
$ENJ 10.27.21 1147H +8 SINGAPORE ALERT: ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice. "FOLLOW THE WHITE RABBIT!" HOW TO USE THIS MINIMALIST CHART Created on a MONTHLY, WEEKLY & DAILY...
I'm playing ENJ short term as a quick trade. Grabbed some in the retracement and with this volume activity took already my 1/3 profit. Looking above here to take a second tier profit and final take profit if it gets above 4. I think it can continue higher but I'm being conservative here.
ENJIN hasn't moved as far as MANA has they are exactly the same Catch the move on ENJ, it will be big, like MANAUSD right now
ENJUSD has broken out of this triangle that has formed It could also be considered a Flag, as part of a bullflag structure You can see the price creeping out of the triangle, a very bullish scenario Don't miss this one
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 +
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 has reached a recovery point that can lead to upside with the formation of this upward trend and a bullflag positioning itself directly above the 200MA lets get bullish
Similarities observed between Enjin and MATIC Both are displaying a symmetrical triangle, then a large breakout to the upside MATIC won in the % breakout to the upside, but that doesn't mean Enjin can't catch up, (plotted with bars pattern (line in green))
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...
1.272 is my TP for now for ENJIN Red circles / ovals can be seen as levels of resistance Green circles / ovals can be seen as levels of support You can see how previous resistances are now zones of support
Gotta love your Enjin. Up over 10% today and ready to go higher. Here is our chart with support as well as target profit. One Love, start your enjines. the FXPROFESSOR
1 - Z00m Scenario implies large volatility coming, and a large spike upwards above the recently rejected fib level 2 - Implies a right shoulder formation coming Personally 1 I favor, because its more fun, and also because I hodl Enjin :P
This is looking more like a bull trap to me. I am gonna bet on a further drop. Not entering any trades at the moment
This is how I see this situation unfolding A weak rejection and then a massive bull move I added more ENJIN today
ENJIN is a great project but I am afraid this is not the best time to buy as the resistance is still ahead.