Priceline of Enjin Coin / Tether US cryptocurrency formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we...
Enjin is currently on a 20 day uptrend with the RSI on 1D hitting 60.00. The same sequence has been spotted two more times in the last 12 months. Both bullish legs hit the 1D MA200 on their peak. This time ENJUSD has potential to break even higher but I want to take one step at a time. The expected peak this time is around 0.12000.
The price action of Enjin Coin / Tether US has formed a bullish BAT and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
The D leg is retraced between 0.786 to 0.886 Fibonacci how ever I have started the buying zone form 0.618 to 0.886 Fibonacci.
RSI is moving up from...
It seems a bit late to buy but worth watching it.
I liked the volumes and break the downtrend line.
Enj was down for 3months+ 3months consolidation.
The news was Samsung uses enj wallet for their Galaxy phone wallet 6month ago which is huge news for like enj coin because noone was expecting it.
My strategy would be buy slowly. stop-loss when it goes back to...
ENJ continues to drop like almost all other alts
We do see some descending price + rising OBV, which could see a move higher in the coming days/weeks especially with BTC dominance looking like it wants to pullback
Targets on this coin could return substantial amounts of $$$ at the levels it currently sits at but the risk is still there with a break to new lows
So here we can see ENJ forming a BULLISH-FLAG!
We are having resistance on the upper trendline channel.
Once this one breaks although, THEN! We can expect ADA surging to higher levels!
All we need is closing on the Daily Candle above that given resistance here and push with a decent Volume.
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Good Luck Trading! :)
We can clearly see the ENJ/USD BULL-FLAG on this chart here.
All we need is to break the upper channel resistance with volume and close above it!
Then we can surge to the next highs.
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Good luck! :)
ENJ just at the 200 day on BTC chart and just below 50 & 100 day on USD chart, needs to get above and hold.... before rocket takes off!
Stop at 1650. 1st target 2500 RR 2:1 on first target. then 3k 3.5k 4k, moon
ENJ remain in this massive triangle pattern and is currently right on the edge of doom
It needs to bounce off the bottom of the triangle and make its way back up to test resistance
A break below could spell a deeper retracement but we are getting a bull div on the RSI so time will tell but it looks good for a trade here, tight stops
#ENJ/BTC ENJ/USDT (12 May)
Yesterday ENJ increased very strong but in fact, it hasn't been able to breakout from its downtrend. To break this downtrend, ENJ needs to pass 3000sts or 0.2$ zone
Currently, what I can see is the ability to move sideways in the range of 2200-2600sts or 0.15-0.2$ and I suggest to buy and sell with targets in above charts
ENJ has broken above the falling wedge and is testing supply right now
Has been consolidating under resistance for a little while now and a break could lead to some momentum to the upside
Retest of all-time highs is very possible if BTC continues to range for the rest of the week(s)
If you're looking for what's hot in crypto, this coin is the one...
Price action is suggesting that resistances are being broken (yellow zone), and supports are being respected (green zone)
Now all we gotta do is enter on retest of resistance as support and target all the way to range high
- Partial profit taking at mid range level