ENJUSDT.P trade ideas
ENJUSDT future for 5%/50% Absolute X3My recommended trades are based only on the uptrend of the market. It will be opened in the time frame of 1 hour and at the end of the day, profit trading will be closed with any amount of profit. And only losing trades will remain open until they are liquidated. This trading strategy is backtested and works only in an uptrend.
$ENJ/#USDT [#Enjin Coin]: TrendLine_TouchWe've detected a Trend Line Touch on the $ENJ/$USDT chart. The price has touched a key resistance level, indicating a potential trend reversal. We may consider entering at this levele and benefit from the trend continuation.
1H - Technical Analysis:
Resistance: 0.51940000 | 0.56600000 | 0.67590000
Support : 0.40950000 | 0.34620000 | 0.23630000
- Oscillators: NEUTRAL
- Moving Averages: STRONG_BUY
ENJ LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ENJ symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#ENJUSDT Daily Chart
Price had previously tapped into the daily supply zone around $0.45 and it is currently showing very ugly price action. MACD is showing bullish weakness, RSI is overbought and EMAs are turning bullish. I still expect to see some bearish movements from here towards the support around $0.33 however i am still waiting for a clear break of structure on the lower timeframes for confirmation.
Enjin Coin ENJ price moves along its routeWhile most cryptocurrencies are thinking: "to fall or not to fall", against the background of yesterday's statement by the US Department of Justice, ENJ buyers decided that this is a great moment to pump the price up by at least +20-30%)
The entire speech of the US Department of Justice can be summarized in one thesis: "although crypto is still poorly regulated, any cybercrime, such as darknet trading, money laundering to circumvent sanctions, or any other offshore manipulations using the anonymity of blockchains - "will not pass".
The United States and its partners in Europe and worldwide are watching this."
Back to the Enjin Coin price:
As we have already drawn on the chart, the ENJUSDT price has entered the resistance zone, where we believe, that the number of sale orders will be increased. Therefore, we assume that the price will not be able to gain a consolidation above $0.40-0.50 from the first time, and a price pullback to the $0.30 area is possible.
However, in the medium term, the growth of the ENJUSD price to the range of $0.71-0.91 is more than realistic
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