Seasonal highs and lows have defined a breathing pattern in Enjin between $0.05 and $0.25 for huge swing potential of 150-350% ROI over 12 months. Interaction with historical support and resistance may encourage this pattern. If Enjin remains stable, swing purchase season may start next Spring.
Breakout may happen at any point, up or down, but even major breaks...
1. Enjin Coin it's an Ethereum-based cryptocurrency used to directly back the value of the next generation blockchain assets.
2. The proyect started on end of 2017 and was becoming one of the crytocurrency outstanding of the investments.
3. That cryptocurrency it's a pioneering what enghusiastic it's might to develop games, Dapps, smart contracts and projects made...
It’s been a busy year for Enjin.
-->It officially launched the Enjin Platform, a blockchain PaaS (Platform as a Service) that allows developers to create and manage blockchain games without knowing any blockchain code.
-->It kicked off its Multiverse program. This gives game developers everything they need to incorporate their games into the Enjin platform,...
To make it as simple as possible, after breaking first major resistance line we formed second one lately. so i guess if we close this week candle above second major resistance line, we can see positive price action. ENJ looking promissing! GL
ENJIN clears 0.21 cents and this major resistance zone, this is a VERY GOOD sign. As long as it stays over on the weekly, this looks primed to make a parabolic move. The chart looks very similar to LINK and LEND. Simply put I’m expecting ATHs for ENJ and a major move up over the coming weeks / months. Patience
The price of ENJ has mostly been going sideways since may. RSI and Stoch RSI might be signaling reversal. If price can stay above purple line it's possible that will act as a higher low.
Substantial retracement here definitely ideal to stay above 0.236 Fib level.
The last rally...
A few rising wedges have formed, along with a falling wedge that led to a large break to the upside of the major rising wedge
looking for a breakdown of this current price structure into a H&S pattern to the bottom of the wedge, this is the best opportunity for long.
Its also a good opportunity to go long at the middle of the wedge trend, i have listed this...
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