Enjin making big swings within its consolidation channel. Big swings = big profits. Played by scenario of falling and pumping 20% afterwards. Now it comes back to 2070. Second time Support/Resistance line is weaker, but still ok. Keeing in mind unstable health of BTC, so plan two trade setups - bullish SL below 2040 and if triggered, catch it 5-7% below.

@CryptoTrades #ENJ #EnjinCoin #profit #parallelchannel

📉 ENJ 4H chart 📈

ENJ could be starting a new wave. Now pullback to 5000-5200 possible - good buy zone if not yet in. To fly higher will need to breakout resistance 6100-6200 which is 15-20% above. Breakout targets will be 7500 - 7900 - 8500.

@CryptoTrades #ENJ #EnjinCoin #profit

📉 ENJ 1H chart 📈

Unfortunately yesterday trade setup for ENJ didn't work out. Support at 5000 failed to hold the price and it slipped down to ~4700. Although it is possible that price may fall even lower to ~4500, current support seem to be good and I expect price to consolidate in this area. Reversal will be confirmed once we see new higher low. Don't put a cross on that coin as it still has some good profits to offer 😉

💡 If for any reason signal doesn't give stop loss zone, use 3-4% from your entry price. Not that it is correct way to do it, but losses must always be cut before they become longterm "investments".

@CryptoTrades #ENJ #EnjinCoin