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Enjincoin

Double Top neckline Broken.In this variation of my most recent chart we see that the downward pennants (continuation patterns) are playing out and the price has finally broken the neckline of the Double Top. This validates a downward breakout. This should have triggered stop losses if you hadn't sold already. In addition to the neckline being broken we also see that the crucial 50% fib retracement level has also been broken. This is an additional validation of a continuing downtrend. Any time we see a break above or below a .5 Fib line we expect to see the trend continue in whichever direction it was headed. At this point I would not buy in until volatility diminishes and bollinger bands narrow at some point in the future. If you attempt to buy in until then you are essentially attempting to catch a falling knife. It is time now to abandon emotional hodling and make this potentially dire situation work out in our favor. We have the opportunity to double our holdings by waiting for the right moment to re-enter the markets. Otherwise we will be stuck holding bags awaiting recovery. But most people will eventually cut their losses at the exact wrong moment, somewhere near the bottom where people like me (hopefully) will be slowly buying back in and accumulating all of the coins lost to negative market sentiment. If you don't feel comfortable executing trades in this bear market then I would suggest you avoid looking at charts for a long while. The last time this type of market crash occurred for Bitcoin it took two full years for the markets to recover. Those who didn't sell at this point in 2014 watched their BTC go all the way down from 1200 to around 200 USD and fluctuate around that level until the winter of 2017. It is very possible that this can occur again. Before you respond with emotion and negativity I would ask that you please evaluate yourself and see if you are being subjected to confirmation bias. Otherwise, all disagreements, criticism, and competing arguments are encouraged and welcomed. I'm here to make money and to learn. If you have a strong suspicion that I am wrong, I will gladly accept any criticism.
BITFINEX:BTCUSDShort
by VanBenno
1
ENJ about to rallyHey guys,this is the first analysis i publish on this platform.It mainly shows my vision of how enjincoin is behaving in the past month. Accourding to this analysis,we should see ENJ at about 1900 sats at the beginning of March. Keep in mind that after this short-term increase in the price of ENJ,we are going to get to the breaking point of the symmetrical triangle.Probably going to go up over the 2000 sats mark,but it's best to keep an eye on the graph. Remember this is just my opinion on how things will work out,not any sort of financial advice. I'd love to hear your thoughts (both positive and negative) on any ideas related to this post. Best of luck!
Long
by Andrei_HODL
4
Head and Shoulders finishing with a Cup and Handle.If you followed my previous post, you'll have seen the H & S we were following. So far we are seeing strong signs of a trend reversal in favor of the Bulls. Right now we are witnessing the completion of another bullish sign of an overall market increase in value. The Cup and Handle to the right of the Head and Shoulders is actually integrated with the right shoulder of the first pattern we were watching. Signs are showing that market sentiment has improved. Good news has been following Cryptocurrencies for about a week now. Chinese New Year is about to end. A lot of signs are pointing to a market recovery. And, if you're like me, you don't believe that 400 Billion dollars in market cap could have simply been deposited back into bank accounts across the world within just a few days. I believe that all this money has been sitting in exchanges in the form of fiat or Tether waiting for the smoke to clear. A confirmed breakout will signal the bots, day traders, and "smart money" to all re-enter this market. When this ball gets rolling it's going to be hard to stop. Not saying that BTC is going to "moon" again, but a lot of the coins which rely on BTC as their primary trading pair will be more fairly valuated and will recovery soon. If BTC hits 11,000 USD we may see it flatten out and stabilize. Money will flow through BTC and into the "alts" (superior technologies) which will show BTC as having massive volume with little change in value. The alts, meanwhile, will be enjoying a strong recovery. Good luck and happy trading.
BITFINEX:BTCUSDLong
by VanBenno
2
Enjin ENJ BTC Forecast - ENJ-OY this One!ENJ chart shows two ABCD patterns. One was successful and the other is yet to occur. Usually wave D is lower than wave B for a bullish ABCD pattern. However experience in the crypto market showed me time and time again that this may not be the case since the price could be supported earlier due to increased volume and new traders involving themselves at a later date. Resistance and support area have been tested a couple of times and have proved difficult to break. Events: iOS Wallet Pending App Store Approval - 31 January 2018 or Earlier Important: set your stop loss in case wallet is not received or miss deadline. This is not an investment advice, always do your own research.
Long
by itradearn
1
Enjin Coin buy opportunityI like to keep my portfolio as diversified as possible. I look for coins that are active in different markets, so when one market is not benefitted from using the blockchain I won't lose all investments. Enjin Coin will be my 'gaming' token for 2018. I won't be going in to the fundamentals for now. Technical analysis shows me these targets (based on fibonacci levels): Stoploss - 1860 Satoshi's Target 1 - 2410 Satoshi's Target 2 - 2663 Satoshi's Target 3 - 3016 Satoshi's Target 4 - 3466 Satoshi's (new all time high) What do you think?
Long
by MarkH99
3
The little $ENJ ine that could?I posted recently that Enjin coin might hold it's pennant for support, which by the way it tried to, but was forced down by Bitcoin 4.60% and the overall crypto market. Since then ENJ -0.02% like others has recovered and in my opinion has entered bullish territory again. Looking at the chart is has broken back above the bottom of its overall uptrend channel and broken above its Pennant . This is a very good signal for a breakout and yes we could easily come back in 12 hours to see it dip down again so take this trade with caution. Expect turbulent waters 0.11% ahead and I recommend using a stop at the bottom of the channel. You will have to monitor the trade and continue to adjust the stop but you basically want to try and ride this channel higher and possibly even have a breakout above the channel followed by a breakout above all time highs. Good luck.
by TheBossTrader
6