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Enjin Coin / TetherUS PERPETUAL CONTRACT

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ENJUSDT.P trade ideas

ENJ at resistanceENJ is part of metaverse and we all know this is the metaverse season, however I think it's hitting a daily resistance. I've seen multiple bearish DIVs at 4h timeframe on RSI, CCI, squeeze momentum indicator etc... despite there's a clear ascending wedge on VLPR shows there's a good demand at these level which paired with volume rising could breakout this bearish DIV. Moreover ENJ is trending on LunarCrush meaning this could give him another push. On the other side I wouldn't enter it right now, I'd wait until price goes over the resistance, or get definitely rejected. In case it goes down 0.382 Fib would be the first level at which you should pick some of them. Definitely it's a token to be watched!
by Shotokhan
2
ENJUSDT / A metaverse play ready for another 100% leg-up? ENJIN is part of the metaverse holy trinity alongside MANA & SAND It's already broken out of a long term symmetrical triangle retested and popped off a nice little 100% gain inside 2 weeks. The retrace found solid support on the .618 fib of the April swing high and the June low, and aided by a pretty fresh TD9 has bounced straight out of the bull flag. There's plenty of room on the Alpha Wave RSI and volume is picking up again. A break and close above $3.65 and we're off. Short-term targets $4.00/ $4.88/ $6.00
by D160x
ENJUSDT bullish structureENJ is making a bullish market structure and now confirming support crucial zone. Keep in mind that price needs to stay above 2.8 at least in this weekend. If market remains bullish then I am targeting price to go a very modest $6 price which makes its market cap up to approximately 5 Billion and that is easily achievable considering the use cases and market trend towards GAMING, NFT AND METAVERSE. Both FA and TA are giving positive indications. Disclaimer: Not a financial advise. This is purely for educational purposes. Good luck and happy trading!
Long
by kazimusman
Enjin(ENJ) sitting in a bullish triangle pattern Hello. According to my technical analysis, Enjin(ENJ) is ready to break its All Time High. We may see price go to 4$ , or maybe even 5$ in the next 2 weeks if we have a breakout. In the 4 hour chart we can see a price triangle pattern, drawn with red and green dashed lines. Price is currently resting on this pattern. This is part of a healthy pullback, with falling volume and high volume on up candles. Looking at the RSI, it also formed its own triangle pattern, in which it had a breakout already, unlike price where it is still consolidating. This is a bullish sign. The 20, 50 and 100 MA still acts as support. If we want the breakout of the triangle to be a success, we will want these Moving Averages to hold. Let's see how the price of ENJ goes. I will keep this post updated. Thank you for reading!
by Trader_ph
2