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.
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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.