Binance Issues Critical Warning on Token Model Risks In The Past 18 Months!
New Risk Warnings for Token Investments: Binance is implementing mandatory pop-up notifications to inform traders about risks associated with tokens that have undergone significant changes in their economic models over the past 18 months, including Travala (AVA), Chiliz (CHZ), and Enjin Coin (ENJ).
Commitment to User Protection: This initiative is part of Binance's ongoing efforts to enhance transparency and user protection in trading, ensuring that users acknowledge potential risks before proceeding with trades on affected tokens.
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Technical Analysis for ENJ
Technical Sentiment Analysis for Enjin Coin (ENJ) As of , Enjin Coin (ENJ) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ENJ stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ENJ is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Enjin Coin (ENJ) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00846 | 0.0134 | 0.0185 | 0.0235 | 0.0286 | 0.0335 | 0.0386 |
| Fibonacci | 0.0134 | 0.0172 | 0.0196 | 0.0235 | 0.0273 | 0.0297 | 0.0335 |
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