OK, so while I think "alt season" hasn't started yet (at least, not the late-2017, early-2018 phenomenon where every shitcoin with a webpage posted 500% gains), I do think that we've reached a point where the overall market (sans BTC) has bottomed and quality projects with good fundamentals can start posting some good gains again.
ENJ is one of those projects. It has just had a fabulous run of about 100% at the beginning of this year, but is currently retracing much of the gains.
If you look, there appears to be a trendline that ENJ is respecting, and it looks like that means the absolute rock-bottom it will test will be about .00000850. I don't think it will get that far, I think .00001 is probably as low as we will go, which is about where the 20 weekly SMA is, and also would be a good backtest of the EMA ribbon.
Be patient. I tend to agree with the more long-term traders that ENJ has the potential to hit .00008 levels and beyond, but we'll need grandpa BTC to continue to do his thing, and some time for this to mature. ENJ has a solid project under it's belt and as long as the NFT market doesn't nose-dive under us, I think speculators will be rewarded for holding this coin.
ENJ is one of those projects. It has just had a fabulous run of about 100% at the beginning of this year, but is currently retracing much of the gains.
If you look, there appears to be a trendline that ENJ is respecting, and it looks like that means the absolute rock-bottom it will test will be about .00000850. I don't think it will get that far, I think .00001 is probably as low as we will go, which is about where the 20 weekly SMA is, and also would be a good backtest of the EMA ribbon.
Be patient. I tend to agree with the more long-term traders that ENJ has the potential to hit .00008 levels and beyond, but we'll need grandpa BTC to continue to do his thing, and some time for this to mature. ENJ has a solid project under it's belt and as long as the NFT market doesn't nose-dive under us, I think speculators will be rewarded for holding this coin.