Enjin to 16k Satoshi by August 2022

TechNerdOmar Premium Updated   
BINANCE:ENJBTC   Enjin Coin / Bitcoin
This is a fun chart that I actually made into an NFT on the Enjin chain. The idea is simple. As you can see, ENJ is trapped in a certain zone. The future direction depends on where it breaks off towards. If ENJ breaks above the descending curve, then my prediction is at least 16k Satoshi by August 2022. It could take one of two paths up there. On the other hand, if it fails in the near term and breaks the zone downwards, then it would follow the curve down back into January 2021 levels.

You can view this chart here.
ENJ is gaining momentum versus Bitcoin. We are approaching the 0.5 Fib line. This is a level to watch. Whether it reverses or crosses the line, I'm still buillish for the next four months.

You can view this 12-hour chart in the link below. The curve shown I drew in a past stream and I find it funny that price is actually following that recklessly drawn curve :D


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.