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Enjin

ENJ/USDT Breakout the Key area, Indicating Bullish Momentum!💎 ENJ has recently encountered significant market dynamics. Currently, ENJ has successfully broken above the supply area. 💎There may be a retesting phase at the demand area, which was previously the supply area, before continuing its upward movement and possibly reaching our target area. 💎 During the retesting phase, it is crucial for ENJ to bounce from the demand area if it wants to sustain its upward movement. However, if ENJ fails to maintain the demand area, there is a possibility of a breakdown below the support area, leading to a return to lower price levels. 💎 At the support area, it is imperative for ENJ to bounce and reclaim the area above the resistance for continued upward movement. Failure to do so could signal a bearish trend for ENJ, potentially leading to further downward movement in price.
by MyCryptoParadise
1
ENJ/USDT Could ENJ break the pattern or downward to the demand??💎 ENJ has recently experienced significant developments in the market. Currently, there's potential for ENJ to reach the demand and initiate an upward movement. 💎 However, if ENJ breaks the pattern without a retest at the demand, it may undergo upward momentum, targeting the supply area. A successful breakout of the supply area, probability could lead to an easy movement toward our target on the bearish OB. 💎 On the contrary, if ENJ fails to break out of the pattern, there's a likelihood of continued downward movement. Retesting the demand area becomes crucial for ENJ to gain momentum, break the pattern, and resume its upward trajectory. 💎 In the scenario where ENJ doesn't exhibit a positive response at the demand, lacking a bounce or favorable candle formations, it raises concerns about losing demand. This bearish momentum could lead ENJ to continue its downward trajectory, revisiting the bottom support levels.
by MyCryptoParadise
2
Enjin to 16k Satoshi by August 2022This is a fun chart that I actually made into an NFT on the Enjin chain. The idea is simple. As you can see, ENJ is trapped in a certain zone. The future direction depends on where it breaks off towards. If ENJ breaks above the descending curve, then my prediction is at least 16k Satoshi by August 2022. It could take one of two paths up there. On the other hand, if it fails in the near term and breaks the zone downwards, then it would follow the curve down back into January 2021 levels. You can view this chart here .
Long
by TechNerdOmar
12
ENJ/USDT Bullish Reversal from Key Support? 🚀ENJ Analysis💎Paradisers, let's turn our attention to #ENJUSDT as it exhibits promising market activity. Following a rejection from its resistance, it is now positioning itself for a potential bullish resurgence from below its current support level. 💎 #Enjin recent behavior, we note that after facing rejection at $0.4287, it experienced a downward trend. Currently, the support at $0.3644 is pivotal. If NYSE:ENJ can regain momentum at this level and successfully challenge the robust resistance, it could set its sights on overcoming the higher resistance at $0.5021. 💎 Yet, navigating the unpredictable crypto market requires a readiness for various scenarios. If #ENJ struggles to initiate an upward move from the $0.3644 support, a recalibration of strategy might be necessary. 💎 This could entail preparing for a bullish resurgence from a slightly lower support level at $0.3294. Be mindful: a break below this level could indicate a shift towards a more bearish market trend.
Long
by MyCryptoParadise
1
ENJ/USDT Anticipating Bullish Movement from Demand Zone?? 👀 🚀💎 Paradisers, turn your attention to ENJUSDT as it presents an exciting trading scenario. The asset is currently showing signs of a bullish movement, originating from an internal demand zone. 💎 Diving into ENJIN's historical market performance, we see a pattern of following a descending channel, breaking above it, and then propelling upwards after a retest. Currently, ENJ is adhering to a descending trendline, which is serving as resistance. 💎There's a high likelihood of a bullish move initiating from the internal demand zone. Should this bullish shift materialize, ENJ is set to target supply levels at $.3357 and $.3693. 💎 However, in the unpredictable tides of the market, #ENJ traders must be prepared for alternate outcomes. If ENJ fails to sustain its upward momentum and dips below the internal demand level, a different market response might be on the cards. 💎Traders should be ready for a potential bullish recovery from the external demand level of $.2460. Nevertheless, a decline below this critical juncture might indicate challenges in maintaining the bullish trend. 🌴💰
Long
by MyCryptoParadise
1
ENJ/USDT Critical Resistance Level. Break or Rejected down ??💎 ENJ has certainly made an impression in the market with its recent surge. Currently, ENJ is in a consolidation phase at a critical resistance level, which could be a concerning sign as such patterns often suggest distribution. 💎 The presence of a false breakout characterized by a long bearish wick hints at the possibility of a downward correction toward the demand area. Should this occur, a robust bounce at this level may be expected, probability setting ENJ on a trajectory toward the designated supply zone and higher major supply levels. 💎 However, there is a less favorable scenario to consider. If ENJ retreats to the demand area without showing resilience—lacking a strong bounce or rejection—this could indicate a breakdown or loss of the demand zone. In such a case, ENJ may be poised for a further decline towards lower demand levels, possibly leading to a retest of the key support area.
by MyCryptoParadise
ENJ Enjin Coin Price TargetBinance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion. The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"! The question arises: from where will these substantial funds be derived? One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%. Among the tokens impacted is ENJ Enjin Coin . I've set a short-term price target for ENJ Enjin Coin at $0.22. Looking forward to read your opinion about it!
Short
by TopgOptions
2
ENJ/USDT bullish horizon? 👀 🚀 ENJ Today analysis💎 Paradisers, direct your attention to ENJUSDT as it showcases a captivating trajectory within the demand zone, suggesting a heightened likelihood of an upward trend. 💎 ENJ is consistently demonstrating robust momentum above the em100, further bolstering its potential for an upward journey. A notable resistance awaits at the supply level of .2410. 💎 Surpassing this threshold amplifies the probability of challenging a more formidable resistance. However, if the market presents a significant rejection and the price doesn't surpass the previous high, there's a chance for a bullish continuation from the current demand level. 💎 A breach below this demand zone could tilt the balance towards a more pronounced downward trajectory.
Long
by MyCryptoParadise_Simon
1
ENJ/USDT potential shift? 👀 🚀 ENJ Today Analysis💎Paradisers, gear up for a potential golden opportunity with ENJUSDT! Our observations show that it's navigating within a symmetric triangle, firmly holding onto a pivotal support level, hinting at an upcoming bullish phase. 💎Over the past month, ENJUSDT has been maneuvering within this tight triangular formation, with a crucial support at 0.2160. Our current outlook suggests a possible retest of this support zone before embarking on an upward journey. A breach of this structure would further solidify the bullish narrative. 💎 However, should the support falter, expect a pronounced downward shift. In such a scenario, strategize for a short entry post-retest. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
Long
by MyCryptoParadise
ENJ short period analysis NYSE:ENJ Short period analysis ⏰ Simple s/R 💘 ☺️ 🎮🎯 Weekend candle was opened 😂 Strong below 📍 turn 💯 bearish 🛑 1st box 📍 is not big deal 🤝 but we see some pressure in lower time frame #LTF $0.32-0.33 WILL be the 1st target 📌 In High time frame #HTF big yellow 🟡 box play key 🗝️ role 🙂 I don't think 💬 it will break so don't keep hopes on this coin too much bullish 😂 $0.44-0.544 will be my 2nd final Target 🎯 Let's watch 👀 how PYR liquid 💰 will support here 👍
Long
by raj5_7_5
ENJUSD +20% profit potential on this buy opportunityEnjin Coin (ENJUSD) broke last week above the top (Lower Highs trend-line) of the Descending Triangle pattern that has been in effect throughout the whole year. This is a major bullish break-out signal and despite the rejection on the 1D MA50 (blue trend-line), the price action being similar to the June fractal, provides a strong short-term buy opportunity. Even on 1D RSI terms, the fractals are identical and it appears we are at the stage of the final leg up as this pull-back is completed. This gives a profit potential of +20% and as a result, our short-term target is 0.30000. ENJ can turn bullish on the long-term only if a weekly candle closes above the 1W MA50 (red trend-line), which has been the long-term cyclical Resistance since February 2022 and is currently about to test Resistance Zone 1 and the 0.382 Fibonacci level. If we get this closing above it, we will buy again and target 0.43000 (Fibonacci 0.618). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ENJUSDLong
by TradingShot
3
✴️ Enjin Coin Highest Volume Since Mid-2021 | Bull-MarketYesterday's session produced the highest daily volume since April 2021. Every time we see a massive increase in purchase volume this precedes a bull market. This is no surprise, after the bottom is hit, the only place left to go is up. The bottom was hit December 2022 for this and many other Altcoins, so the path is clear for growth. Notice back in 2021 the massive increase in volume... Volume flat through late 2020 and then a sudden jump preceding a bull market. The same is happening now. Volume completely flat through late 2022 and a sudden jump happens yesterday... There is potential for so much growth. Namaste.
Long
by MasterAnanda
2
ENJUSD hit the 1W MA50 after 1 year! Eyeing 1.0500.ENJIN (ENJUSD) is having a major bullish break-out today as not only did it break above the 1D MA50 (blue trend-line) for the first time in more than a month but also hit the 1W MA50 (red trend-line) for the first time in a year (since April 02 2022). The chart on the right displays ENJ during its 2018/2019 Cycle and even though we need strong fundamentals to back such a strong and quick rally to the 0.786 Fibonacci level, a closing above the 1W MA50 now may be enough to initiate a steady rally to the 0.5 Fibonacci level, which is a little over 1.0500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:ENJUSDLong
by TradingShot
2