ENJ FomoLooking at Enj on the 1d chart
Hit profit objective between the 1.618 and 200% profit taking zone
Looking to throw bid in the buy zone between the 618 and 786
Big notch in VPVR that needs filling
Price hitting VPVR single ticks
Volume has made a higher high which could mean a higher continuation, but for me its way to risky to even link of a long trade here.
Still no structure in histogram (Would like to see some bearish divergence to confirm a top)
Willy is still not stupidly oversold
Money absolutely pouring into this asset as shown in OBV
Ill be cooling my jets till this comes back into my buy zone. If you fomo buy this you are looking for trouble.
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ENJBTC
Enjin Scalping Movementsworking on 1h Timeframe.
Enjin is a strong coin. it gone high those days and still in a correction but still can make money on a strong coin.
keep in mind that this coin is under correction so it can break down at anytimes.
here u can see how to trade fluctuations between EMAs.
Buy Around 4000ish 200 EMA Support.
Sell Around 4600-4700 EMA50-100 Acting as resistances.
STOP LOSS under 3700 if you see a real and fast breakdown.
And as Always look at BTC Movements as it can influent everything.
Stay Safe.
Happy Tr4Ding !
ENJ - One more rally?Who knew ENJ would fly as much as it did! My last chart of ENJ ended up yielding a whopping 300%, however I played it safe and took profits a bit early at 242%. Regardless, profit is profit and I said if I saw another interesting opportunity with this coin I would post another chart: so here I am.
This play is a bit more risky that the previous one, but has the potential for some decent profit. Keep in mind, I do say this is risky because we are still up more than 200% over the past week meaning there could be even more correction. Because of this, I'm encouraging you to use a VERY TIGHT stop loss. I like taking risky trades because you always miss the shots you don't take, and the possibly reward heavily outweighs a minor loss (assuming you set a good stop loss).
Anyways, on to the details! Huge news for ENJ in 4 days (March 14th) with the Unity Development SDK release for ENJ hitting the market. This is a huge event that is tapping into the mobile game industry (and Unity games in general) that can bring extreme adaptation to non-technical users. There is so much to talk about, but you can read more about it in my previous chart. Aside from that, we are in a falling wedge pattern which tends to be bullish. I've been expecting ENJ to correct for the past few days as it has reached crazy heights. Right now it looks like it is attempting to break out, if it does I will buy a position and set a very tight stop loss. Otherwise I will wait for it to fall into my buy zone and set a stop loss under the support. I have no specific targets, so I will just make reference to the fib levels and aim for ~5,479 and ~6,398 sats.
As always, please don't FOMO and forget to set stop losses. Again, this is more risky than my previous chart and I always advise people to be prepared for the opposite to happen.
My Strategy:
Break Out Entry: Anything that goes above the resistance.
Break Out Stop Loss: About 50-75 sats below the breakout level.
Normal Entry: 4,450-4,750 sats
Normal Stop Loss: About 50-100 sats below the support level (corresponding to the time frame).
Targets: 5,479 sats, 6,389 sats, (possibly more?)
*If you are enjoying the charts, please feel free to throw a thumbs up on the chart and follow my account. To get frequent updates, check out my public telegram and discord server below!
ENJBTCWe reach 160% profit target in less than a week, congrats.
Right now, its danger to catch a train,
the best way to follow this bullish movement is :
1. wait at fibonacci support level at 4000, and do not open buy order if it reach there. Wait for 1 bullish candle, at 4 hour timeframe as bullish confirmation signal.
2. If support at 4000 break down, wait at support 2528 and follow same step at point 1
Note :
* I already close my position with +160% profit
** I will update this analysis if we have bullish signal again
*** dont forget to click "like" if you agree with this idea
Previous analysis :
Crypto Chart Analysis: BTC, ETH, LTC, XRP, ENJHello dear crypto friends, hope you're doing well guys! ;)
Todays summary
BTC & ETH: Indecision
LTC: Lead Bull
XRP: Relative Weakness, Bottom Trendline break will be perfect to short
Enjin: Huge break-out, and perfect play due to Technical Analysis
Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Vroom Vroom, the Enjin has started!Hello dear crypto friends!
ENJ/BTC has caught my attention, since we basically 5xed in almost no time, from 1.000 to 5.000 Satoshis. The last beautiful 4H Equilibrium break-out saw more than 60% gains, leading to a nice Bull-flag on the Hourly now: It can still see some upward movement, but be cautious, since most Alt traders are aware now. The first traders who have been on the ride longer, could dump their holdings.
While those smaller coins might not be attractive for traders with bigger account sizes for their low liquidity/problem to get out quickly, it might be worthwhile if you're playing smaller Satoshi's. Have a great weekend! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Enjin - Big Things to ComeEnjin has had a phenomenal run over the past few days due to some major events for the project. Fundamentally speaking, ENJ still has a lot to deliver in the near future and could leave room for another pump. First of all, what started the initial take off, we have the Samsung partnership with the new S10 hardware wallet utilizing ENJ's network. This can be huge when the phone comes out, especially with ENJ's focus on mobile application development. This can hit the mobile market in the near future with Samsung's newest phone. The phone has the ability to operate with unity games, which brings up another event. Additionally on March 14, in 10 days, which is the release of the Blockchain SDK on Unity's store (twitter.com). Hundreds, if not thousands, of game developers have been awaiting this release in order to easily integrate ENJ into their games. This can bring a very easy adoption of cryptocurrency to your average smart phone user. Aside from the events coming up, there is a clear bull pennant on ENJ/BTC (as well as the other pairings). Based on this formation, I will be setting the following:
Entry 1: 2,100 sats
Entry 2: 2,040 sats
Stop Loss: 1,970 sats
I'm not setting specific targets, I will take profit when I see some decent gains.
Triangle formation in ENJ after huge pumpits out of space in the triangle and the chikou span is about to hit the price line indicating a change in the down trend, the RSI is still high with little divergence. it seams to me its about to break and I will set 2 Take Profit points (the green boxes) and the SL point right below the EMA50 line
Enjin is soooo HOT right now, DON"T FOMOBINANCE:ENJBTC should take a breather after a move like that...WOW! This is why we trade crypto, but if you missed that blastoff DO NOT FOMO
Let the price come back to your buy orders. Not all orders need to be filled to make successful trades. Patience is so important. Here's four entries I'm looking at for a bounce play...
2091 sats
1824 sats
1555 sats
1359 sats
Will update as this develops, let me know your thoughts and share your ideas!