Looks like it has found strong support at the 0.786 Fib in the form of a Double Bottom
Needs to close above the 200-Day MA
Targets on the chart
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Alright guys, I'm taking a trade here on ENJ.
It seems to have a bull break on a falling wedge with a considerable amount of volume. Currently testing the break for support. We are laddering orders down to 960. Let's see what fills and if we successfully test for support how high we can ride this.
$ENJ / $BTC Great volume displayed over the last 12H
Entering now seems risky as we can expect some retrace to retest what now would be a support if hodl
Waiting for a HL pivot near ~950sats could be a much better entry for a long to 1150sats+
Falling to hodl is an exit.
ENJ/BTC (Enjin Token)
Breaking Out In Daily Timeframe..
Need Some Crispy Volume to Boost.
Indicators Are Turning Bullish..
200-250% Profit Potential In Midterm..
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There is no doubt that Enjin Coin (ENJBTC) entered a bull phase, the last wave increased its value as much as 795%, one of the strongest run so far. We also have the entire cryptocurrency market growing...
Let's take a look at the chart now!
ENJBTC moved down all the way to 0.786 Fib. retracement level, which stopped the drop, and is now starting to show...
I only make charts about things I believe have a long term future; I'm not a day trader. Enjin is one of these things, therefore I decided to make a chart (daily) showing the support levels for buying opportunities.
The strongest support in terms of buying volume is the third line down, the buying volume is almost double the selling. This level has also...
Prices are heading towards a Long-term Demand zone ==> we can therefore expect ENJ to boucne on this level !
Buy : The closest possible to 994
LT Target : 1654
Stop < 802
You may move your stop-loss as soon as ENJ will start to see some profits ! Rocket-pro will be there to inform you !
CALL TYPE : #SHORTTERM
BUY AROUND/BTW : 0.00002700 -0.00002820
TARGET 1 : 0.00002970 (10.00%)
TARGET 2 : 0.00003143 (16%)
TARGET 3 : 0.00003566 (32%)
STOPLOSS : 0.00002600
ALL INDICATORS BULLISH. BUY & HOLD FOR FEW DAYS FOR GOOD PROFIT. ATLS WILL SHOW SOME RALLY TOO. #ENJ IS AT BREAKOUT