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).
Rank: #32 on CoinGecko.
Unique Features:
NFT creation tools:...
Too familiar with this type of chart, currently the ENJ cycle is correcting corresponding to wave 2 cycle and preparing to enter wave 3 cycle in this area. Buy and sell according to the arrows
Entry now to get the wave of ENJ
ENJ's extremely good wave area is creating a highlight for the market to increase strongly. The price is at the buy point area within the ichimoku or current cloud
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 MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram...
falling 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-hour candle close above the 0.4644 we can go for long with pilot...
Trading 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 expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
ENJ breaks the resistance and now trading above it. The support for ENJ is $1.489 area. ENJ is bullish above it and the next resistance is $1.677 - $1.891 area. You can add some ENJ near the $1.65 area with a stop loss below $1.50 area.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2.35).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ENJUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
The script is making a cup and handle pattern and looks good above 3.65 level for first target of 4.
We made our subscribers enter today at 3.275 level with 11.5% running profits.
Learn & Earn,
Dr. Tanya Kumar
If It breaks 3.4 surely super bullish easy new ath.Or else to the next suppott near 2.8
In weekly close its bullish .So i am overall bullish .short term can consolidate a little but best for long term and short term.Best entry near local support
