#ENJUSD -See the important defense zones. -Red colors for sale zones. -Green colors for purchase zones. *Breakout of the region with confirmations initiates a countertrend of the indicated zones.
Enjin (ENJUSD) broke today above its 1D MA200 (orange trend-line) for the first time since February 09 2022. Even though that is technically a major bullish break-out, the price is still inside a Channel Down pattern that started on the June low. We ideally want to see a closing above that Channel to call for the new Bull Cycle and the reason can be found back in...
As the market shows continued caution staring into the face of a bear flag on the one-day time frame. Please exercise caution as the bottom is anyone's guess! Not trading advice... Please DYOR!
It is expected that the drop will complete the shaded area to end wave C, thus forming the final trough
At 4hour timeframe the crypto system for eth is seen to have formed an inverted pinbar, capable of retracing the price to a price above 0.28655. As far as the price holds above it, ENJUSD will have a strong bullish rally breaking the previous high.
For follow-up. Not an ivestment adviced. Correct graphic does not ask for explanation. ZONE NOT TESTED!!!
ENJ is about to go super wicked. If held above this inflection point, she is going to rip up pretty fast and without a lot of hassle. All types of Bullish Divergence is starting to play out as we see the momentum starting to build. I am LONG when ENJ can burst through that resistance and backtests to claim new support.
Hi Traders ENJUSD (1H Timeframe) The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 0.488 support level. Only the upward break of 0.508 would cancel the bearish scenario. Trade details Entry: 0.488 Stop loss: 0.508 Take profit 1: 0.476 Take profit 2: 0.457 Score: 8 Strategy: Bearish breakout
As for now we have an opportunity of a buy trade since previous resistance has turned into support. However, we need a retest to the newest support to confirm the buying bias otherwise stay out of the trade but I think a short term correction with upwards momentum could be possible in the short term. Noticed we are in the oversold condition too and to add even...
Hi Traders ENJUSD (4H Timeframe) The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 0.4850 support level. Only the upward break of 0.5500 would cancel the bearish scenario. Trade details Entry: 0.4850 Stop loss: 0.5500 Take profit 1: 0.4450 Take profit 2: 0.4030 Score: 7 Strategy: Bearish breakout
ENJ (Enjin) bought at $0.72 Expecting target & timeline Will go above $0.79 in next 9 days. Its not a Financial Advice Thanks
It may depend heavily on how BTC performs, but im feeling pretty bearish on ENJ as it stands. As the title states, ENJ rejected off the resistance almost perfectly while simultaneously reaching the top of its range; on the dot, i might add. Personally im looking for short entries on ENJ. But as always.. time will tell. If this continues to sit sideways and isnt...
ENJUSD: BUY? Playfield for now seems to me to be the following with long-term on daily chart and medium-term on 4h-chart. Looking to BUY depending on how it reacts to the trendlines in 4h chart. Will not bother to SELL to 0.25 support - but will be looking to BUY at that level if it is reached. Relevant Levels: Support @ 0.500; 0.250 Resistance @ 0.605;...
Ascending Triangle and Testing Previous ATH levels. Breakout imminent. Metaverse/Game token Narrative is currently strong. Just look at MANA and ROSE.
Hi Traders ENJUSD (4H Timeframe) Waiting for the downward break of 0.5450 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.6150 would cancel the bearish scenario. Trade details Entry: 0.5450 Stop loss: 0.6150 Take profit 1: 0.5040 Take profit 2: 0.4360 Score: 8 Strategy: Bearish reversal
The graph speaks for itself, will history repeats itself? There is one way to find out. 10X coming.
The Gaussian Channel top band has provided a consistent support area for price on this Monthly timeframe Currently price is tested this area The question is will this area hodl as it has in the past?