ENJIN is one of my favorite ALTS and i do have high expectations.
At the same time, failure to rise and test the key 74 cents Resistance brings worries.
Price is in an ascending channel, similar to Bitcoin's
The 49 (technical) - 50 cents (psychological) Support is strong but we do live in very uncertain times. Thus the 31 cents scenario is not to be crossed out completely; not yet.
Structure is still bullish and hopefully this is just a small correction of the rebound.
Breaking over the 74 cents would be a huge technical breakout for ENJIN and it could be possible this week but let's be prepared for everything.
One Love,
the FXPROFESSOR
At the same time, failure to rise and test the key 74 cents Resistance brings worries.
Price is in an ascending channel, similar to Bitcoin's
The 49 (technical) - 50 cents (psychological) Support is strong but we do live in very uncertain times. Thus the 31 cents scenario is not to be crossed out completely; not yet.
Structure is still bullish and hopefully this is just a small correction of the rebound.
Breaking over the 74 cents would be a huge technical breakout for ENJIN and it could be possible this week but let's be prepared for everything.
One Love,
the FXPROFESSOR
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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.
🌍 All in one place → fxprofessor.com
🧠 Free FXPROFESSOR AI on ChatGPT
🔧 Top tools to level UP your trading
💹 Best crypto, forex & stock deals
📣 Telegram: t.me/fxprofessor88
💥 I don’t follow trends. I build the tools to catch them!
🧠 Free FXPROFESSOR AI on ChatGPT
🔧 Top tools to level UP your trading
💹 Best crypto, forex & stock deals
📣 Telegram: t.me/fxprofessor88
💥 I don’t follow trends. I build the tools to catch them!
Related publications
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.