oh92
Long

Enjin Repeating Fractal - another 100% ?

BINANCE:ENJUSD   Enjin Coin / US Dollar (calculated by TradingView)
After a month of ENJ going nearly 10x from its bottom in late February, it has had the chance to consolidate to the 50% fib retracement zone. Which in doing so, it has created drastic similarities to the consolidation wave after its first leg up.

Therefore it seems it could be repeating the same pattern once again, only this time on a larger scale.

Looking at the chart, we are currently in the center of a key support zone . This support zone was created using replicated fib levels from the prior wave. Meaning that if this level holds, there is a very solid chance ENJ will bounce to the Target 1 resistance zone , consolidate and then make its way to the second target.

I wish you all the best of luck this alt season!

Cheers!

Notes:
Trade active: Increased Risk by adjusting support range.
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That was a news based spike though... maybe if more news comes out? .. Still super bullish on ENJ long-term but I'm waiting for lower re-entry, will re-evaluate around 11c
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