Price dropped and left a 4h supply zone around $0.31 also liquidating the support line. MACD is not clear, RSI is sold and EMAs are neutral. I expect price to tap into this supply zone before continuing its overall bearish movements.
Based on technical factors there is a Buy position in :
🔵 Buy Now 0.3155
🧯 Stop loss 0.2784
🏹 Target 1 0.3600
🏹 Target 2 0.4320
🏹 Target 3 0.5400
💸RISK : 1%
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We spotted Broadening wedge formation, with price bounced off the bottom trendline.
Since the current move was in the form of rising wedge, a little correction is expected after the break of the wedge.
Focus on the given BUY BACK zone for long action. Do not forget to follow the exit plan should incase the setup break.
Price previously dropped and left a 4h supply zone around $0.307 with a fair value gap around $0.302. MACD is not clear, RSI is neutral and EMAs are bearish. I expect price to fill the FVG and tap into the supply zone before moving down again.
Price is overall still in an ascending channel. MACD turned bearish, RSI is neutral and EMAs are bullish. I am still expecting price to test the 7h demand around $0.415 where we would be looking to long from.
ENJIN has been a well rounded disappointment.
Some ALTS have clearly had a nice rebound (MATIC for example) and others keep failing to re-ignite.
Enjin is in the second category.
0,46 is resistance
0,31 is again a possibility
Well start with this: every time I google 'ENJIN NEWS' I get random 'invest in this it will kill Enjin' results!
Not amused, not...
Price moved up from the 4h demand zone around $0.4 as expected and left another area of demand around $0.418. MACD is showing bullish weakness, RSI is bought and EMAs are turning bullish. I expect price to tap into this demand zone then moving up from there.
A Trading Signal is seen in the ENJUSDT Enjin Coin.
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.425
⭕️SL @ 0.410
🔵TP1 @ 0.465
🔵TP2 @ 0.495
🔵TP3 @ 0.536
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas,...
ENJUSDT on the global timeframe forms deceleration of decline, volatility reduction to the minimum values and rests in a fairly strong support zone 0.4110, which may affect the further development of the situation
On the background of a global bearish trend, the price stops and forms a downward wedge, which coincides with the trend. This set-up may be the first...
as you can see at the chart we have powerful support zone i expect there will be uptrend move we are now in the same zone from february 2021 also we are in over sold area buy and hold it to the next targets at the chart MACD is showing bullish RSI is neutral EMAs showing a bullish move dont's miss up this opportunity
Price filled the imbalance around $0.41 and tapped into the 4h demand around $0.4 where it moved up from as predicted. MACD is not clear, RSI is neutral and EMAs are bearish. Price needs to reclaim $0.43 in order to turn bullish and aim for higher pricing.
Price swept the 6h demand zone before moving up from there. MACD is showing bullish weakness, RSI is neutral and EMAs are bearish. We may see a retest of the 6h demand before price moves up towards the 7h supply around $0.51.