We gave you a +100% trade set up with the perfect exit to the cent for ENJ.
Now we're showing you the opportunity to buy at a 40% discount from that same exit.
Above 40 we're accumulating, the closer you are to 40c the more you can manage your risk.
There's speculation about the end of the current bull run in August, with uncertain prospects of either a bust or a boom. ENJ (Enjin Coin) appears to be following a Wyckoff accumulation pattern, indicating potential accumulation by institutional investors before a possible upward price movement. While it's unlikely ENJ will reach the peaks of the previous bull...
We entered this trade in the community over a week ago. We are sharing this now because a break above the 40c level would give an opportunity for a second entry at a backtest of this level.
I'd simply add it to my watchlist and have a notification set for a breakout, if a backtest happens you can take a long there. We will post a backtest trade if there is a...
It could be a new beginnings in the next few days and weeks for many Alts that DON'T ride the coat tails on the strength of BTC. Take ENJUSD and ZILBTC example on the weekly.
Whales have already moved in for the Krill. We can see in the past where price had trouble breaking before it went ballistic, now we see price approaching into the same area on strength...
Enjin is moving in an ascending, wide channel. Recently, the harmonic pattern ended, and ENJ broke the downtrend line too. Then ENJ reached the bottom of the channel and bounced off it. Let's hope ENJ breaks the minor downtrend line and see what happens.
Hi Traders
ENJUSD (Daily Timeframe)
Waiting for the upward break of 0.2989 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.2712 would cancel the bullish scenario.
Trade details
Entry: 0.2989
Stop loss: 0.2712
Take profit 1: 0.3160
Take profit 2: 0.3436
Score: 6
Strategy: Bullish reversal
Enjin is a software that gives developers the ability to create and manage virtual goods on the Ethereum blockchain. The idea is that by using blockchain technology to manage in-game items across many different properties, Enjin can help reduce the high fees and fraud that have plagued the transfer of virtual in-game goods and collectables. Toward that goal, Enjin...
Let me tell you why I will only give you ten reason why Gamification (not p2e) is the new narrative next year, it will foreshadow something that is big for 2025 to make a great comeback for p2e games.
1. Gaming is a $200B+ industry primed for NFT and blockchain disruption enabling true ownership of in-game assets.
2. High demand for using real-world IP from...
Hi Traders
ENJUSD (4H Timeframe)
A medium-high probability, entry signal to go LONG will be given with the upward break of 0.337 after the market found support at 0.305. Only the downward break of 0.305 would cancel the bullish scenario.
Trade details
Entry: 0.337
Stop loss: 0.305
Take profit 1: 0.417
Take profit 2: 0.486
Score: 8
Strategy: Bullish wave LTF
Hi Traders
ENJUSD (1H Timeframe)
A high probability, entry signal to go LONG will be given with the upward break of 0.3253 after the market found support at 0.3070. Only the downward break of 0.3070 would cancel the bullish scenario.
Trade details
Entry: 0.3253
Stop loss: 0.3070
Take profit 1: 0.3509
Take profit 2: 0.3780
Score: 8
Strategy: Bullish wave We2
Enjin Coin (ENJUSD) broke last week above the top (Lower Highs trend-line) of the Descending Triangle pattern that has been in effect throughout the whole year. This is a major bullish break-out signal and despite the rejection on the 1D MA50 (blue trend-line), the price action being similar to the June fractal, provides a strong short-term buy opportunity.
Even...
On the hour chart the trend started on August 20 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.21
But we should not forget about SL = 0.248
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
We've successfully reached the initial target I previously mentioned (100% extension at 0.264), but an important observation is the lack of RSI divergence. This suggests the likelihood of experiencing another downward movement.
I'm considering the possibility that wave 4 might still be in progress. However, it's important to note that my analysis remains...
