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Bixley
Sep 20, 2021 3:27 PM

ENJ/BTC MA Structure  Long

Bitcoin / U.S. dollarBitstamp

Description

This formation of moving averages layered 50,100,200 is a great candidate for bullish action
This is shown in right slide, which is BTC's legendary run to 20K in 2017
Enjin on the left is showing the same MA state hinting at bullish potential
As its easier for price to move upward with MA's like this, the path of least resistance is taken
I am long ENJIN

Comments
schizaar
So is this a birth of MA200 event?
Massive bullrun awaited then :)
Bixley
@schizaar, yes birth on the weekly i believe
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