Overview
Timeframe: Weekly (1W), Binance
Price is sitting inside a multi-year demand zone $0.055–$0.095 with midpoint around $0.068.
Larger structure still showing lower-highs since 2021 peak, but currently in sideways range at the historic 2019–2020 base.
Key resistance levels: $0.095, $0.132, $0.2099, $0.30–0.362, $0.450, $0.6798, $0.9119, $1.2936.
Key support: $0.068, $0.055 (bottom of the box). Historical low marked at $0.0322.
---
Pattern & Context
Pattern: Sideways Accumulation/Base forming above the $0.055–$0.095 zone. Multiple touches confirm defensive buying, but no higher-highs yet on weekly.
Implication: As long as price holds inside or above the zone, mean reversion rallies remain possible. A clean breakdown below the zone confirms continuation of the macro downtrend.
---
Bullish Scenario
1. Conservative (reclaim range):
Trigger: Weekly close above $0.095.
Validation: Retest of $0.095 holds as support → move towards $0.132 then $0.2099.
Extension: Break and hold above $0.2099 → next targets $0.30–$0.362, then $0.450 and $0.6798.
Invalidation: Close back below $0.095 after reclaim.
2. Aggressive (buy the box):
Idea: Accumulate within $0.055–$0.068 with tight stop below $0.055.
Initial target: $0.095 → $0.132.
Note: Possible wick into the bottom of the box before reversal.
---
Bearish Scenario
1. Breakdown of demand zone:
Trigger: Weekly close below $0.055.
Impact: Opens path towards $0.0322 (historical low).
2. Rejection at upper edge:
Rejection at $0.095–$0.132 could send price back to $0.068 and $0.055.
Invalidation (short-term bearish): A strong close above $0.132, shifting structure to more neutral-bullish.
---
Key Levels to Watch
Support: $0.068 → $0.055 → $0.0322
Resistance: $0.095 → $0.132 → $0.2099 → $0.30–$0.362 → $0.450 → $0.6798 → $0.9119 → $1.2936
Risk Management: Always use weekly close confirmation and set clear invalidation (e.g., below $0.055 for long bias). Volatility on altcoins remains high.
#ENJ #ENJUSDT #Enjin #CryptoAnalysis #PriceAction #SupportResistance #SupplyDemand #WeeklyChart #Altcoins #RiskManagement #DYOR #NFA
Timeframe: Weekly (1W), Binance
Price is sitting inside a multi-year demand zone $0.055–$0.095 with midpoint around $0.068.
Larger structure still showing lower-highs since 2021 peak, but currently in sideways range at the historic 2019–2020 base.
Key resistance levels: $0.095, $0.132, $0.2099, $0.30–0.362, $0.450, $0.6798, $0.9119, $1.2936.
Key support: $0.068, $0.055 (bottom of the box). Historical low marked at $0.0322.
---
Pattern & Context
Pattern: Sideways Accumulation/Base forming above the $0.055–$0.095 zone. Multiple touches confirm defensive buying, but no higher-highs yet on weekly.
Implication: As long as price holds inside or above the zone, mean reversion rallies remain possible. A clean breakdown below the zone confirms continuation of the macro downtrend.
---
Bullish Scenario
1. Conservative (reclaim range):
Trigger: Weekly close above $0.095.
Validation: Retest of $0.095 holds as support → move towards $0.132 then $0.2099.
Extension: Break and hold above $0.2099 → next targets $0.30–$0.362, then $0.450 and $0.6798.
Invalidation: Close back below $0.095 after reclaim.
2. Aggressive (buy the box):
Idea: Accumulate within $0.055–$0.068 with tight stop below $0.055.
Initial target: $0.095 → $0.132.
Note: Possible wick into the bottom of the box before reversal.
---
Bearish Scenario
1. Breakdown of demand zone:
Trigger: Weekly close below $0.055.
Impact: Opens path towards $0.0322 (historical low).
2. Rejection at upper edge:
Rejection at $0.095–$0.132 could send price back to $0.068 and $0.055.
Invalidation (short-term bearish): A strong close above $0.132, shifting structure to more neutral-bullish.
---
Key Levels to Watch
Support: $0.068 → $0.055 → $0.0322
Resistance: $0.095 → $0.132 → $0.2099 → $0.30–$0.362 → $0.450 → $0.6798 → $0.9119 → $1.2936
Risk Management: Always use weekly close confirmation and set clear invalidation (e.g., below $0.055 for long bias). Volatility on altcoins remains high.
#ENJ #ENJUSDT #Enjin #CryptoAnalysis #PriceAction #SupportResistance #SupplyDemand #WeeklyChart #Altcoins #RiskManagement #DYOR #NFA
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.