• ENJUSD has been forming an ascending parallel channel since Mar’20
• She touched the topline of this channel at her 1st peak.
• The Fib levels from 1st peak to bottom, from top to bottom of Wave 2, and from top to bottom of Wave 4 (assuming Wave 4 is over), suggest that she will reach the topline of this channel again between $6.076 - $8.056.
• ENJUSD has been...
ENJIN has an inverse head and shoulders that is currently trying to break out from the neckline around $1.40 - once it does the upward target will be $2.01, right at the top of this golden pocket. Chances are it will run even higher, possibly all the way back up to the top to make a giant inverse head and shoulders/cup, but for now trade it level by level just to be safe
ENJUSDT (4H CHART) Technical Analysis Update
Waiting for the Ascending Channel
ENJ/USDT currently trading at $2.41
Long Entry-level: Only buy after the ascending channel breakout. (above 2.60 level)
Stop loss: I will update once I see the breakout
Target 1: $3.00
Target 2: $4.00
Target 3: $5.00
Target 3: $7.00
Max Levrage :2x
ALWAYS KEEP STOP...
Preconditions:
- accumulation
- key level
- local uptrend
- global uptrend
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
Hey all-
Came across ENJUSD and seeing some more upside in this pup- going to stay long until the Stoch RSI crosses under 80
Simple analysis but just wanted to share
Let me know what you guys think!
The news was released on Tuesday and it says that game engineers will be able to benefit from what decentralized inventory has to offer, from integrating both gaming and non-gaming assets based on blockchain and from managing economic mechanics when it comes to the game play. Here’s what Maxim Blagov, Enjin’s CEO, said in a press release (blog.enjin.io) about the...
