ENJ - Favors the down channel before breaking up. 80%+
Hello Traders,
Please find the chart above showing ENJ favoring the downward channel.
It seems that about 4 out 6 recent down channels the price broke upwards. Especially when we were on an upward trajectory. I would say we’ve confirmed an upward momentum at this time. ENJ’s market cap is already at the peak of its category and one of the larger coins out there, so it will take a lot of money to move into the project before seeing any 2 or 3X gains.
None the less I think this is a safer coin to have in anyone’s portfolio.
Who knows, maybe ENJIN completely dominates the market and hits a $12-$15 Billion Market cap.
Good luck!
Please find the chart above showing ENJ favoring the downward channel.
It seems that about 4 out 6 recent down channels the price broke upwards. Especially when we were on an upward trajectory. I would say we’ve confirmed an upward momentum at this time. ENJ’s market cap is already at the peak of its category and one of the larger coins out there, so it will take a lot of money to move into the project before seeing any 2 or 3X gains.
None the less I think this is a safer coin to have in anyone’s portfolio.
Who knows, maybe ENJIN completely dominates the market and hits a $12-$15 Billion Market cap.
Good luck!
Trade active:
ENJ has broken the down channel. Let's see if it can hold through the weekend. If it can hold this region, we should have a strong next week.