As eager as we are to get back to the pure sugary ride to ATH, we unfortunately have to pucker up and put up with the sourness of a bears for a little bit more. Looking at the RSI we continue to have lower lows and no sign of bullish divergence to signal trend reversal. I do think it is possible for us to hit as low $1.75, especially due to the market conditions with ETH/BTC are really testing their support lines.
90% of "chart readers" always see the extremes. That is because the extremes up and down are so clear, and for the same reason the should not be used. I would say now is the time to buy, as those that wait for the what is perceived as "cheap" become FOMO buyers later. If you want something, buy it when it is cheap. Is ENJ cheap now? Clearly, yes.
egah59222c
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@Earthmatrix, you are absolutely right, I should start adding a disclaimer that I "freehand" my lines so the readers don't take them literally. Anyway, yea! ENJ is very cheap buy while it's on presale. I definitely do remember when link was in the low $6 and now it's up there, heck i wish i didn't hesitate and bought way more at that time.
This is the time to buy regardless of the current trend.
kayv3n
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that's exactly where I have it dropping as well. been a long time ENJ holder. had a buy hit last night at 1.98, got a few more set that i'm expecting to hit in the next day or two.
kayv3n
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looks like it popped out. the top resistance line could be redrawn to be more parallel with the bottom one though. either that or we're ready for our next leg up. 😎