💎 EFIUSDT has broken above the descending triangle. After the retest it has got rejected from the support line. Now the large green candle shows that the Bulls are back
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.7910 - 0.8100
☕️ TP1 0.9110
🍺 TP2 1.1450
🍻 TP3 1.3615
🍾 TP4 1.6222
see and watch :)
In the time of 4 hours after the formation of the wedge pattern and its breakout and then the pullback to it, it has shown a good movement and it is possible to enter into a deal by observing the risk to the desired rivet ...
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.
I have been long awaiting the launch of Efinity
I can't attest to what will happen with price action in the short term, but long term ENJIN and its surrounding ecosystems are posed to take over the NFT and Gaming crypto space.
Do your own due diligence and research into what ENJIN is building here with launch of Efinity and Jumpnet.
Small piece of information...
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.