enji is still holding above that resistance line i mention a few days back, but got rejected at main downtrendline, which i didnt see, until now, i think as long as enj stay above that line around 1.72 it should try and break resistance, stop loss should be moved to around that level yo break even if this coin crashes for whatever reason.
ENJ broke the trend and also got past the resistance around 1.7$
Personally, I bought some when we broke the trend.
I expect it to go to the next resistance level at 2.05$ in the next few hours/days.
If we do break the next resistance level, then I think we can see a new ATH for ENJ in the next few weeks.
Personally, I am aiming at these targets.
TP1: 4$ I take...
ENJUSDT is creating an ascending channel. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h...
Enjin Coin broke out of strong support.
Using fib, price found support at the 0.318 fib level.
Entry, TP, SL on chart.
Not a financial advice, do your own research.
Manage risk accordingly.
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ENJIN is a gaming-blockchain platform.
- The conservative price for ENJ would be $12 which is only 2.5x from its ATH.
- The 1% chance in my opinion for ENJ to hit $80 which is 20x from its ATH. Market Cap: 80 Billion dollar.
- Gaming blockchains, NFTs continues carrying the blockchain technology spreading faster than Covid.
- We have seen Axie Infinity...
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Keep In Mind ❗
🟣 Purple structure -> Higher TimeFrame Structure.
🟢 Green structure -> Daily Structure.
⚫️ Grey structure -> 4h Structure.
🟡 Yellow structure -> <4h Structure.
Important : Please Use RM (Risk Management) and MM (Money Management) If You Decide To Use My Ideas, There...
I forsee three possible short/mid-term scenario's for Enjin. Patience is key! Will post an update as soon as the chart provides more clearity (at least for me).
Any thoughts, please do share.
As usual, best of luck!
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Enjin had gone SO well for us and thank God we have the good habit of taking profit and re-investing.
AXIE INFINITY, Sandbox, ALICE, have all taken a piece of that pie (NFT/Gaming) and Enjin seems to be struggling for direction.
A lot needs to happen to see new all time highs but we still love our ENJIN and we carry some.
I did not buy Enjin because of the...
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I did the weekly and daily analysis of Enjin Coin. I think the rising trend will continue, so I took a position in the 1.60 region for the targets I specified.
Those who wish can place orders in the $1.45 - $1.60 region, and those who wish can buy markets. Let everyone manage their own risk.
$1,780 can be considered as a profit buying point for short-term traders...
ENJ is clearly signaling a bullish pennant on the weekly chart. It is also nicely holding the 50W EMA for its history.
Looking for rising volume and a breakout of the pennant pattern to the upside, which looks to be around the 0.382 Fib level at approx $2.
The next Fibonacci targets above the ATH are $6, $9.20, $12.50 +
enji battling the 200day ma here, also some resistance from oct 5, see how the price went up then immediately down, those are called wicks the long shadow , those trigger stop losses and buy orders so be careful, it looks like it mught get rejected here but shuuld the price keep moving forward then that could be a good entry point
This is my chart analysis for ENJ.
As we can see we have 2 trends and also a resistance level if ENJ breaks out of them, then definitly it will be the best buy zone possible to hold for a few weeks/months.