Patiently waiting edition. $BTC has been having it's way with most coins, but Enjin continues to print oversold bullish divergence with RSI on the 4 hour chart. RSI is breaking resistance - price usually follows. Fundamentals are solid with Samsung partnership.
Enjin broke out of a consolidation triangle against $BTC. My targets are displayed on the screen based on the 0.618 fib, triangle breakout target and 1.618 fib. Thoughts about this?
ANALYSIS 🔎
- ENJ/BTC is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.00003655)
- Limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯
-...
ENJIN has made a bullish pennant pattern in the daily chart. MA200 also supports it. Now it's in a great zone with low risk. Stop-loss can be set under the EMA200.
Seems, under the 12H TF, that enjin coin is finally arriving at wave 4 consolidation phase, after a contracting triangle. Looking at the wave 3 and the long wave 4 consolidation phase, maybe we can talk about and extended wave 5 phase, so maybe it would be worth to put a long and take profits.
I decide to invest in Enjin Coin and hold for Bitcoin ratio. My next target will be 0.00007 satoshi.
If you invest 1,000 ENJ and hope your profit of 0.0007 ENJ. Your huge earn in Bitcoin will be 0.07 BTC. And you can to use it to invest in another cryptocurrencies like Cardano, XRP or your favorite altcoin.
Enjin Coin it's exploding!!! This cryptocurrency it's early up than another cryptocurrency. I sold 6 ETH and I get 9,877 ENJIN COIN (coins) to hold and invest. I see that this cryptocurrency it's continue up againt the Bitcoin ratio. For that, this it's a way to accumulate Bitcoin more fast, but I didn't analyze with Ethereum ratio. but I believe that this it's...
BINANCE
