🚀ENJUSDT Inverse Head & Shoulders: Major Reversal on the Way?💎 Paradisers, #ENJUSDT has formed an inverse head and shoulders pattern, enhancing the probability of a reversal from here.
💎 Currently, if #ENJ closes a candle above the resistance zone, it will validate the pattern, and we can expect a move up to the next resistance levels. Additionally, there's
ENJ "Frenzy Time: Seize the Opportunity for Wealth!"Enjin Coin (ENJ): Short Fundamentals, Recent News, and Disclaimer
Fundamentals:
Enjin (ENJ): A cryptocurrency used on the Enjin platform for creating and managing virtual goods within video games and other blockchain applications.
Launched: June 2018.
Market Cap: ~$2.4 billion (as of Feb 23, 2024).
Bearish Breakout Confirm:- ENJUSDT ??Trade setup:
Bearish breakout from Sideways Channel ($0.50 - $0.75) confirms Downtrend. Price could revisit $0.40
support, which was the prior low from June. set a price alert).
Trend:
Downtrend across all time horizons (Short- Medium- and Long-Term)
Momentum :
is Mixed as MACD Line is above M
ENJUSDT Falling wedge pattern Before Breakoutfalling wedge pattern detected in 4-Hour TF
In 4-hour time frame we can see perfect falling wedge pattern that may break any time. There is high chance of breaking the channel in upper direction but still not confirmed, so it's a good idea to wait for breakout and confirmation .
Condition: If 4-
💡Don't miss the great buy opportunity in ENJUSDT @enjinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.530).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ENJUSDT is in a range bound, and the beginning of an uptrend is expec
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.