Long

Enjin to 16k Satoshi by August 2022

Updated

This is a fun chart that I actually made into an NFT on the Enjin chain. The idea is simple. As you can see, ENJ is trapped in a certain zone. The future direction depends on where it breaks off towards. If ENJ breaks above the descending curve, then my prediction is at least 16k Satoshi by August 2022. It could take one of two paths up there. On the other hand, if it fails in the near term and breaks the zone downwards, then it would follow the curve down back into January 2021 levels.

You can view this chart here.

Note

ENJ is gaining momentum versus Bitcoin. We are approaching the 0.5 Fib line. This is a level to watch. Whether it reverses or crosses the line, I'm still buillish for the next four months.

Note

You can view this 12-hour chart in the link below. The curve shown I drew in a past stream and I find it funny that price is actually following that recklessly drawn curve :D

tradingview.com/chart/mMY1q0d5/

Trade closed: stop reached

So since this has initially followed the bearish path I've pointed out in my first chart, it should slowly drop to the low of 370 Satoshi. I expected that low much sooner. But a slow death is even worse.

TechNerdOmar

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