Enjin Coin has had a solid long term uptrend building since late 2017.
It faced huge drops of between 95-50% in a year which are consistent with many other altcoins.
It pumped early and pumped hard this bull market.
Many traders will be taking profits right now. Some bagging the 500% gain from the past quarter.
If I were to enter I would wait for a dip below the upper channel. Which may or may not come after it loses steam from the breakout.
Bitcoin appears to be about to take another leg up, so I wouldn't be betting against this market.
However, I do think that capital would be better placed in tokens that haven't just run +500% to the upside.
The safest time to get on a rocket is before it takes off.
It faced huge drops of between 95-50% in a year which are consistent with many other altcoins.
It pumped early and pumped hard this bull market.
Many traders will be taking profits right now. Some bagging the 500% gain from the past quarter.
If I were to enter I would wait for a dip below the upper channel. Which may or may not come after it loses steam from the breakout.
Bitcoin appears to be about to take another leg up, so I wouldn't be betting against this market.
However, I do think that capital would be better placed in tokens that haven't just run +500% to the upside.
The safest time to get on a rocket is before it takes off.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.