EFI is current trading above the support of $0.89. If it can stay above this support, we could start seeing a move towards $1.07, $1.15, $1.23, $1.34 and $1.49. If the resistance at $1.49 flips to support, we could see a move towards $1.92, $2.61, $3.29 and $3.72. Failure to hold the support at $0.89 could lead to a drop towards $0.80 and $0.73.
Efinity is one of Coinlist's newest projects to be released. A purpose built chain for NFT's destined for Polkadot at some point, I'm guessing they will try and get a parachain slot in the upcoming auctions. This chain is built by the team over at Enjin which are responsible for much of the NFT token standards currently pumping pixelated jpgs.
Long trade on American Airlines group
Double Missing Right Shoulder Divergence
On the weekly The impulse is yellow and allows the trade
On the daily I see a bullish double missing right shoulder divergence, Stochastic RSI curling up on the daily, prices also diverging with MACD lines and EFI.
On the 4H Timeframe Thers is a triple bullish divergence as well,...
Up? FOMO? Higher? MOON?!?
Down? Bear? Crash? DJIA?
There is a ton of nonsense out there guys. A ton of people trying to tell you how to trade. Whatever side you're on, I think you should hang out. Things are starting to look like there is some positivism back in BTC. If you're long here, stay long -- I don't see anything to turn you around.
If you're short...
1. Bounced off of support @ 6000
2. Crossed resistance @ 8000
3. Upper trend line resistance (secondary)
4. Bearish pin bar
5. Upper trend line resistance (primary)
6. Weak resistance @ 9000
7. Strong resistance @ 10000
8. Momentum slowing on EFI but no bearish divergence yet
Going long might look temping but price must overcome both primary and...