It could be a new beginnings in the next few days and weeks for many Alts that DON'T ride the coat tails on the strength of BTC. Take ENJUSD and ZILBTC example on the weekly.
Whales have already moved in for the Krill. We can see in the past where price had trouble breaking before it went ballistic, now we see price approaching into the same area on strength well above to RSI 50 level. It has attempted to break the 0.68 price marker once before but failed. If we can get clear of this resistance we have entered the buy zone and hopefully we can get on the express bus for the ride of our lives..... Destination moon.
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If you open the weekly Chart of ENJ and draw a trend line across the top from Mon 8th Aug 22 you will see that she be breaking the trend line where it is at current, with a higher low. TIP ... CRV is inline and doing the same with massive head room, Michael Patryn has been very active with CRV.
Thanks dude. I trust Enjin. It has a long market history. And it's a nice project. When we look at the technical analysis, there is a great view. There will be a bottom and falling trend break in the enjbtc parity. The price is already at the bottom. BTC dominance is at resistance. Many technical analyzes tell us what direction the price movement will be. Each bullish rally lasted 2-3 months. I hope he will get his job done again in 2-3 months. Let's gather in the comments of this chart in the future.
Jeshua1212
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@voicesfspace, I don't get to attached to particular tokens only what I see on the chart as this is just a moment in time attached to a small part of our lives, but,yes, a long history for this token. Agreed, God willing, he will get his job done quickly.