Hi guys..its the latest analyze chart of #ENJUSDT in 4H time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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Warning: our thoughts are ours; not financial advice.
It's normal to freak out, especially when you are always focused on the smaller timeframe.
We only make decisions on the bigger picture.
No matter what happens, the daily candle close is what matters most.
We saw a low of 44 cents at the early hours of today. However, the price still trades within the...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EnjinCoin/TetherUS ENJUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EnjinCoin/TetherUS ENJUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a...
Warning: our thoughts are ours; not financial advice.
Well, we don't expect you do what we say without doing your own research, but if you agreed with our ENJ forecast a few days back and bought a few coins, CONGRATULATIONS. ENJ went up over 50% in the early hours of today already.
The target of 80 cents and beyond possible in a day or two at this speed.
Preconditions:
- accumulation
- key level
- local uptrend
- global uptrend
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend = Bull (HH, HL), currently consolidating
Notes:
- Currently trading in a range between D1 S/R
- Forming symmetrical triangle on 4H
- On D1 respecting the 20EMA nicely as support
- Low volume,...
Enjin coin is in the third wave when you look daily chart (but it is not finished)
Undoubtedly a new up trend will begin, but we are not sure whether the correction wave is over or not.
I expect this correction wave goes up from one of the blue support boxes. EMA 50(daily chart) and EMA 200(4h chart) are shows the same area.
There are three scenario which is...
ENjin ENJ/USDT is compressed in a box with volume is decreasing gradually. This thing refers that there will be a breakout soon. Buy/Long ENJ when the price breaks the box.
ENJ was rejected last time when we touched $0.50, now that we found support we are looking good to push again higher and re-test the $0.50 level.
Indicators are looking good, however, the resistance zone has proven quite strong and last time we were immediately rejected and pushed down. Likely we have to build more momentum to push higher than ATH.
Good to...
ENJ exceeding the top Bollinger bands as well as having an overbought RSI, looks like its time for a cool off from a nice run. Re-entry at .5 fib retracement. I put buy orders for .27160 - GL.
