ENJUSDT trade ideas
ENJUSDT 1DFalling wedge formation on daily chart. #ENJ is trying to break out the pattern + MA50 + MA100. Wait for confirmation and then my targets are on the table. Check them on the chart.
ENJUSDTENJUSDT was trading in range bound structure and and bulls took the charge and sharply and strongly break the range and break the local declining trendline as well.
If this breakout holds the next easy target for bulls can be 0.300
Enjin Coin Breaking Out Seems Like getting Ready For Massive Bullish Rally
Formed Falling And Building up for Massive Breakout In Higher Timeframes Still Not Out Of The Woods But Incase Of Successful Breakout Can Fly Towards 1$
Incase Of Successful Breakout Expecting 300% Bullish Wave In Midterm
$ENJNYSE:ENJ
On weekly timeframe level the price action broke down the Support Trendline level and retesting out there
If the price action closes below the MSS level we can further see the downwards towards till its next Sell Side Liquidity level
ENJUSDT ready for the breakout?ENJUSDT finds itself once more at a crucial juncture as it tests the significant weekly level at $0.23. This level holds substantial importance, as it has historically acted as a pivotal point that the market carefully scrutinizes. Traders are closely observing the price action, as it holds the potential to shape the pair's trajectory in the coming weeks.
The current scenario hinges on the possibility of the price harnessing new liquidity from this critical level, potentially setting the stage for a decisive breakout beyond the $0.26 mark. According to the trading principles championed by Plancton, a prominent figure in the trading community, such a breakout would signal an opportune moment to initiate a new long position.
Plancton's approach emphasizes the importance of liquidity and price confirmation. If the price manages to secure fresh liquidity from the $0.23 level and subsequently orchestrates a clear and convincing breach above the $0.26 range, it aligns with the rulebook set out by Plancton. This rule suggests that the conditions for a favorable long position have been met, potentially leading to a profitable venture for traders who adhere to this methodology.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
ENJ BULLS TO TAKE OVER!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
What's next on ENJ.
Price is still around a strong support zone, where we are interested in new buy setups.
Meanwhile, we need some confirmation for the bulls to take over again!
And for the bulls to take over from a medium-term perspective we need a break above the first neckline which is a major swing high, then a movement higher would be expected to the next upper neckline.
Then we need a break above the upper neckline for a full bullish reversal.
Until that price is still around a strong support zone, where we will be looking for new bullish movement from a short-term perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
ENJ on daily time frameThis currency, like other digital currencies, has experienced a very severe decline with the market collapse.
In the daily time frame, the candles are moving in the form of a descending channel.
Of course, the intensity of the decline has decreased compared to the previous wave, but this currency is undergoing erosion correction.
As you can see in the picture, the midline of the descending channel is broken down, the supports of the 0.335 and 0.278 Fibonacci range and the support of the 33.42 range in Rsi have also been lost one after the other.
Now the price is around the $0.227 range, which is one of the good Fibonacci supports, which is a strong support.
But according to the downward trend, the downward channel and the loss of the midline of the channel, this support will probably be lost and the candles will reach the bottom of the channel in the range of 0.158 or 0.131 dollars.
In this case, we can hope for growth if the candles break the ceiling of the channel and the downward trend line in Rsi is broken.
If the upward trend is formed in such a way that the ceiling of the channel and the strong resistance range of 0.734 is broken up, or the downward trend accelerates in such a way that the bottom of the channel and the good support range of 0.11 is broken down, this analysis will also change. .
Please share this analysis with your friends.
ENJ/USDTorange support line is a great buy
if it does not come down there and breaks out on the white diagonal resistance line then the green line will be target for the long!
keep in my BB is starting to squeeze, move incoming.
You can utilize it in both way. Decide your direction.OKX:ENJUSDT.P
One bearish and one bullish butterfly harmonic pattern are on the chart.
And there is a big well accumulated triangle pattern.
According to Breakout Direction, There is a lot that we can do!
Arrows will show you the path.
Good Luck and May The Force Be With You!
Enjin Coin next move? ?👀 🚀ENJ Today Analysis💎 ENJ/USDT is making fascinating strides as we observe a fair value gap and an upward imbalance, indicating potential bullish momentum.
💎 A retest of the trendline has been completed. If the price breaks this trendline, we could see a downward shift of approximately -12%.
💎 Currently, the price is forming an overlapping structure, and the RSI is indicating upward momentum this presents a promising trading opportunity
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
ENJUSDT📊 #enjusdt
⏱ TIME: 1h
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner
📍The initial selling market: 0.3145 $
📌TP1: 0.2985 $
📌TP2: 0.2820 $
📌TP3: 0.2683 $
❌SL: 0.3330 $
Head and Shoulders formation almost completed, trend reversal?Enjin showing a clear head and shoulders pattern, currently still completing the right shoulder low towards the neckline. The completion of the right shoulder would be a signal that the trend is reversing and the upward trend is nearing its end. In my opinion, there are currently 2 scenario’s possible.
a) The price will drop below the neckline towards the support level before rising and breaking the neckline again to continue the upwards trend. This would show that the trend reversal would not be as solid as expected.
b) This is the more likely scenario which will mean that Enjin will break the neckline and reverse its trend. The neckline could be an interesting position to set up some shorts.
Let me know what you think will happen in the comments down below.
ENJ about to break down! Hey traders 👋
Another coin that caught our attention here is ENJ coin with a nice potential for a breakdown to happen! We see here that price is getting weaker and weaker with every minute here near that trend which indicates that trend is not as strong as it has been before!
If we see this kind of struggle more then there is a good chance for a drop to happen!
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Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
SIGNAL TYPE - BUY The information I share on this platform is based on my personal opinion and experience, and should not be considered as financial advice. You are responsible for your own investment decisions and should always do your own research before making any trades. I do not guarantee the accuracy or validity of any data or analysis I provide. Please use your own judgement and caution when following any call or signal I post. #imo
NOTE:
25% PROFITS AT EVERRY FIBONACCI RETRACEMENT LEVEL.
USE ISOLATED (FOR CRYPTO EXCHANGE)
USE CAPITAL RATIO (5 - 10 % OF YOUR CAPITAL)
DONT FOMO (FEAR OF MISSING OUT)
If you want to trade crypto successfully, you need to follow some basic rules. One of them is to use isolated margin for your trades. This means that you only risk a fixed amount of your capital for each trade, and you don't borrow more than you can afford to lose. This way, you can avoid liquidation and protect your account balance.
Another rule is to trust the process. Trading is not a get-rich-quick scheme, but a long-term game that requires patience and discipline. You need to have a trading plan and stick to it, regardless of the market fluctuations. Don't let your emotions get the best of you and don't chase unrealistic profits.
A third rule is to use capital ratio for your trades. This means that you divide your capital by 10 and use only one-tenth of it for each trade. This will help you diversify your portfolio and reduce your risk exposure. You can also adjust your position size according to the market conditions and your risk appetite.
Finally, a fourth rule is to avoid FOMO (fear of missing out). This is a common psychological trap that makes traders enter or exit trades based on hype or panic, rather than logic or analysis. FOMO can lead to overtrading, poor decision making, and unnecessary losses. You need to be confident in your own strategy and not follow the crowd blindly.
By following these four rules, you can improve your chances of success in crypto trading and enjoy the benefits of capital ratio.
ENJUSD ❕ reversalThe ENJ reacted with a decline on reaching a resistance level.
Price, RSI and trading volumes formed a bearish divergence on the 4H TF and TD Sequential formed a reversal signal downwards.
The chart has consolidated under 50EMA at 30m TF.
I think the asset will continue to decline after overcoming the support.
Short the reversal in ENJHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today we are going to short ENJ as there is a triangle pattern and after that, there is a nice reversal pattern which indicates of strong fall.
I am expecting more than a -10% fall.
ENJ short now @ 0.3205
Stoploss 0.3315(-3.4%)
Target 1, 0.3031(+5.43%)
Final Target 0.2827(+11.82%)
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enjwill this turn around with the rest of the space, was on fire for aa while back in its hayday, will people erturn?
ENJUSDTWhat Is Enjin Coin (ENJ)?
Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.
ENJUSDT is testing the key levelsENJUSDT, is currently in a critical phase as its price is approaching both the daily support and the weekly support levels. This convergence of key support areas makes it an important zone to watch for potential price action.
A pullback refers to a temporary reversal in the price of an asset after a significant upward movement. It is a natural and healthy market phenomenon where the price retreats from its recent highs before potentially resuming its upward trend. Pullbacks allow traders and investors to enter positions at more favorable prices, taking advantage of the temporary dip.
In this scenario, a pullback from the current support levels suggests that the price may bounce upward, potentially indicating a continuation of the overall bullish trend. However, it is important to exercise caution and assess other factors, such as market sentiment and indicators, before making trading decisions.
According to Plancton's rules, the next valid area for potential long positions could be around the 0.32 price level. Plancton's rules are a set of guidelines or strategies created by a trader named Plancton, which traders often reference to identify potential trading opportunities.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
Finally Enj Getting Ready for Massive Recovery Forming Falling Wedge In Htfs Incase Of Breakout Expecting Massive Bullish Rally In Midterm Incase Of Successful Breakout Expecting Move 300 - 350% Bullish Move Wait
ENJ ON BTTONA rally is on the way from here a a good bottom support as well as Bullish bat with good retracements levels have been formed...
