ENJ finds itself at a key resistance point. I'd be surprise for us to pump higher here still. Maybe we push to $4 then crash? Hard to say because the charts gives us mixed messages, on one side we have the indicators that look very bullish particularly MACD while RSI is also bullish, but overextended, I mean look at it it's 96 on weekly and curving down......
Have been trading Enjin since January and the returns have been enormous. Patterns are very clear and it's therefore been quite easy to take profit and re-enter at lower prices.
We're in a very bullish altcoin-year and those who have invested a substantial amount of their funds since January have done really well. Many if not most of the altcoins have done five-baggers, ten-baggers or even more. Yet we all realize that nothing goes up forever. How to decide when to get out? One of the indicators I follow is RSI. Once we see a continuous...
As the Bitcoin dump is happening, this weak 40% move up for ENJ is considered a strong breakout. But it's still weak because it stuck around the resistance for the past few hours... it might be consolidating but you have to be cautious because today is a risky day overall. Wait until the market calms down, wait for 1D closures. Don't jump into every trade for now.
ENJUSDT (4H CHART) Technical Analysis Update Waiting for the Ascending Channel ENJ/USDT currently trading at $2.41 Long Entry-level: Only buy after the ascending channel breakout. (above 2.60 level) Stop loss: I will update once I see the breakout Target 1: $3.00 Target 2: $4.00 Target 3: $5.00 Target 3: $7.00 Max Levrage :2x ALWAYS KEEP STOP...
Enjin Market Cap at the peak of 2017 was $400 million. Right now its at $2B, only 5X. The amount of innovation and the work that's been done in the Gaming/VR space since then + Partnerships + Covid tailwinds suggest there's way more upside in Enjin despite the reason parabolic moves. Catalysts - Jumpnet launch April 2021 - Efinity Launch 31 Dec...
The pattern that started in 2020 August. I'm looking forward to a big break out.
ENJUSDT (1H CHART) Technical Analysis Update Waiting for the Flag Pattern breakout ENJ/USDT currently trading at $1.66 Buy-level: only enter after flag pattern Breakout ($1.67- $1.70) Stop loss: I will update once I see the breakout Target 1: $1.88 Target 2: $2.00 Target 3: $2.20 Target 4: $2.50 Max Leverage: 2X ALWAYS KEEP STOP LOSS... Follow Our...
this ENJUSDT is ready to be longed if 2 TP triggered then the 3 TP is for sure...
Enjin is a great project that is trying to get there hands in the NFT market to provide lower fees. Game NFTs are a big thing Enjin will be used for. Huge amounts of volume. Price sitting above resistance. If we close above $1.80 we can expect to continue upwards.
Enjin find itself at resistance as indicated by the fib extension and $1.8 level. We also painted a bearish divergence on RSI which is not a good sign, however MACD is still looking very bullish so this is not a major concern now, however if we continue to push up and paint a bearish divergence, price will drop eventually, so keep that in mind. Since MACD...
Right now the price has broken a Down-trend line and now is ready to go higher. According to macd, stoch rsi, and Rsi signals, there might be a small retrace to the support line on 1.093$ and then a bounce up and that price might be a good entry. If the price breaks below that level there is a high chance for it to go even lower to 0.906$, 0.07714$, 0.6560$ if we...
We are currently in a Descending Triangle and we are waiting for the pattern to be completed. If we break below because we don't have strong support, it would be possible to drop down near the 0.8$ range. It can be a good short position. Like and share your ideas in the comments. Thanks
Hoping to see ENJ break out vertically and start pushing towards the $2 level
ENJBTC blew through the local resistance yesterday. I'll be looking for a re-test of .00003000 or a slightly higher top around the 0.00003200-3600 HTF resistance to open my short on ENJUSDT Futures.
Hoping to see ENJ hit the 2.25 target and move onto $3 in March
💡 Trade Idea 📈 ENJ/USDT | Buy Limit @ 1.2792 🎯 Target Profit 1.4210 🛑 Stop Loss 1.2212 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price was in a clear upward movement where it posted a lower correction to the 1.2792 mark. We have a confluence zone between this support and the 61.8% Fibonacci retracement which...