Enjin Coin (ENJ)
Fundamental Analysis
Enjin Coin is a project developed by Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. The company is using a great and innovative approach for taking the Blockchain space and elevating its utility and application, by connecting it to real-world value. Enjin's flagship...
#ENG is in Uptrend and retest the supporting level in the area of 3 which has strong dynamic and static support and can grow to next resistance levels
Targets: 3.6 - 3.7 - 3.9 - 4 - 4.5 - 4.66
StopLoss: 2.97
Rebuy: 2.9 - 2.7 - 2.5
This is the last stand before HnS breakdown. Currently sitting at the golden pocket on fib retracement and well established horizontal support. Bounce above 3.87 (right shoulder) would invalidate HnS.
If we get a H4 close below neckline I’ve listed the price target at around 1.77, but support base before PT.
In Bull markets bearish patterns such as these...
Welcome to this quick ENJ/USDT analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- ENJ/USDT is triangle pattern create conform and retest BUY the green zone.
Entry:-CMP and buy green zone
Traget:-30% to 40%
Stop loss :- $3.44
Remember:-This is not a piece of financial advice. All investment made by me is...
• ENJUSD has been forming an ascending parallel channel since Mar’20
• She touched the topline of this channel at her 1st peak.
• The Fib levels from 1st peak to bottom, from top to bottom of Wave 2, and from top to bottom of Wave 4 (assuming Wave 4 is over), suggest that she will reach the topline of this channel again between $6.076 - $8.056.
• ENJUSD has been...
Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
SNX /USDT lying on a strong support level or making triangle pattern.
Entry:...
DECENTRALAND / TETHERUS
Bullish trend or extra correction s coming ?
I have bought a little here and waiting for a better B confirmation or a correction .
Trade carefully .
Price on support, which used to be resistance = Time to Buy
NEWS:
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Enjin: powering the metaverse
Enjin has been one of the beneficiaries of Facebook’s recent metaverse dive in
Can ENJIN make it to TOP-15?
We think it will, the chances are increasing with the launch of smart contracts in the next...
BULLISH
1)HH and HLs.
2) Fib level 0.5 support at 3.43
Bearish
1) Bearish Engulfing at 3.8
2) Resistance at 3.62
3) Closed below Trend line
Trade Plan 1
Short from current price with tight stop loss
1) Entry 3.6
2) Stop Loss 3.7
3) Take profit 3.45
Trade Plan 2
Long if hourly candle closes above 3.65
1) Entry 3.65
2) Stop loss 3.43
3) Take profit 3.9
As you can see ENJ has completed its fifth growth wave and entered a correction. There was also a bearish crossover on the WT cross and a bearish divergence was applied. On the ADX you can see that the bears are pushing into the market and the bulls are letting them have it. My assumption is that wave B should be slightly higher than the fibbo level of 0.236. Wave...
hey traders, there is Enj, we need a closing above the blue line for 1D bar to get the green lines and the stop loss is a close under the red line for 1D bar
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trade carefully guys and don't forget the risk management.
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Welcome to this quick ENJ/USDT analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- ENJ/USDT cup and handle pattern confirm retest buy the dip and green zone
Entry:- CMP and buy green zone
Traget:- 40% to 50%
Stoploss:-21moving average downside candle close
Remember:-This is not a piece of financial advice....
ENJ has pulled back with much of the market, Meta and gaming began pulling back slightly earlier as investors appeared to be cashing profits and rolling back into BTC recovery before BTC sharply dived taking the market with it, coinciding with reports of new COVID strain which no doubt bears have made the most of with some aggressive selling to drive FUD
Yet ENJ...
