we just fell below a major trend line, its certainly possible to move back above, but its more likely well be droping further. Ill be looking to buy the dip if we pick up support on the purple curve around .06
So here we can see ENJ forming a BULLISH-FLAG!
We are having resistance on the upper trendline channel.
Once this one breaks although, THEN! We can expect ADA surging to higher levels!
All we need is closing on the Daily Candle above that given resistance here and push with a decent Volume.
Follow for more easy visualizations like that.
Good Luck Trading! :)
We can clearly see the ENJ/USD BULL-FLAG on this chart here.
All we need is to break the upper channel resistance with volume and close above it!
Then we can surge to the next highs.
Follow if you're interested in me spotting more of the easy patterns!
Good luck! :)
Decent TA setup buy on ENJ here. Price just broke over the pivot line indicating bullish short term sentiment. The adx (blue) line on the directional indicator just crossed over the DI- (red) line from below and is trending higher with the DI+ (green) line on top trending higher as well. This is a perfect look on the directional indicator for a buy signal. ...
On the Daily timeframe, the price has drawn a bullish continuation pattern called Falling Wedge.
The continuation pattern is valid and active after the breakout. So, wait for a breakout confirmation on the Daily chart and the wait until the Daily candle gets a close above the pattern upper trendline.
The target is pretty high, probably you should considering take...
I see a potential triangle forming, which is ultra rare in wave 2, so likely an extended 3rd wave in a possible extended 1st in a cycle 3. Confusing AF? YEAH! Trying to label to corrective bear market structure was x10000 more confusing.
Anyways. I would love to catch a long on one more dip. Big gains yo. You can start with a small position so you an have a wide...
After a month of ENJ going nearly 10x from its bottom in late February, it has had the chance to consolidate to the 50% fib retracement zone. Which in doing so, it has created drastic similarities to the consolidation wave after its first leg up.
Therefore it seems it could be repeating the same pattern once again, only this time on a larger scale.
To continue my reputation as a bonafide ENJ shill, and a TA junkie, here's a chart. :)
It would be pretty risky to buy ENJ here, but this is the case to not sell if you're already a holder.
First of all, on the psychology front, Enjin has had a big hype cycle that concluded Friday at the end of a very successful GDC. This would be the perfect spot to sell the...