Price is currently dropping off from the ATH, slowing in momentum and range, thus creating a falling wedge pattern. Falling wedges are bearish in nature but suggest a bullish continuation.
What I'm waiting for is a break and close outside of the TL. We can enter either any point right after the break and close, or above support once it is validated @ the 23% level.
Fundamentally Enjin is backed by a good team and is integrated among other projects like Chiliz, which has also recently had a parabolic move.
What I'm waiting for is a break and close outside of the TL. We can enter either any point right after the break and close, or above support once it is validated @ the 23% level.
Fundamentally Enjin is backed by a good team and is integrated among other projects like Chiliz, which has also recently had a parabolic move.
Trade active:
Will be adding an allocation to Enjin. I like its resilience to the bitcoin choppiness and there was also an Enjin integrated NFT on the DOT network today.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
