I like the project EfinityEfinity falling wedge breakout targets.
* The purpose of my graphic drawings is purely educational.
* Never take my personal opinions as investment advice, you may lose money.
EFIUSDT
EFINITY(EFI) bullish long-term with immediate downside potentialHey fellow analysts, EFI has had a fascinating 100% run in the past month. It broke some significant resistances on its way up which fueled its short-term rally. Time for some serious correction to cement future growth, eh? :-)
As you can see on the chart, EFI broke out of the fallng wedge that formed after the significant price drop from it ATH levels. This is good news as this pattern signals a potential trend reversal.
The price ran straight up to between the 0.5 - 0.618 Fibonacci retracement zone (aka "Fib Golden Zone" or "Fib Golden Pocket") of the higher-time-frame downtrend and got rejected significantly. This may signal a trend continuation, ie further bearishness BUT checking more thoroughly you can see a flag forming, which is pointing in the direction of the flagpole trend (yellow dotted parallalel lines). That again signals a higher chance of trend reversal! (flags building counter trend to the flagpole signal potential trend-continuation).
So we have both bullish and bearish signals on the chart but based on the previous breakout form the trend-reversing wedge I would expect a breakout from this trend-reversing flag too. Am I expecting it in the short-run? No way. To be fair, I would not be surprised to see price back-testing on the blue resistane (that could turn support now). I can see that scenario as a good opportunity to scoop up some more Efinity tokens. If the macro environment sours, it could even go as low as the flag's lower trendline. As for the short term, the quick fall in price has brought us back to the short-term runup's Fib Golden Zone. It is yet to be seen if this zone holds the price. If it does than a short-term continuation of the bullish run-up may continue. I would be more assured if we saw a longer mild correction first.
With macro data still not looking very reassuring, with the markets running up despite Fed chairman J.Powell's warnings of their intention to avoid market prices running up (as that would lead to an increase in inflation), with the job market being ever tighter, near record-low levels, I still see the menace of a recession looming over the US market - and consequently all proxy markets such as the EU for eample. So if I could then I would advise against taking any position right now in EFI but would keep a close eye on either the breaking of the flag pattern or the retest of the short term resistance or even the flag's lower trendline to do some more buys. But I cannot give such advice, I only ponder my own potential actions here. ;-)
Take care, do not forget cryptos are highly speculative and have yet to prove themselves in the world. Never invest more in the sector than you can afford to lose!
Cup and handle for efinity A cup and handle is forming on the daily. Should give us a target of 1.20. Let’s follow up to see if it plays out
Will EFI break up or down?Will efi break the triagle. My thought, it will bounce and retest 0,79. Thoughts?
Something COOL is coming to EFI - It can FLY very soon - EfinityEFI Fundamentals are good, the team behind the project is solid.
T.A is showing a good opportunity on Efinity..
Entry between 0.33 & 0.38
STOPLOSS 1 DAY CLOSE BELOW 0.32
Tp1 0.54
Tp2 0.62
Tp3 0.69
Never use more than 5% of your portfolio on a trade.
EFI/USDT on dailyAs you see, we have a corrective action here and RD+ too, so if it can break the yellow trigger line we can expect that EFI/USDT can see the first important resistance zone that I marked on the chart.
it's just analyze and can be failed.
EFIUSDTsee and watch :)
The descending channel is broken and then it pullback and also forms a good pattern in terms of candlestick ...
possible HS on EFII love EFI token, will it moon? no idea
but Microsoft just bough the worlds second biggest game company,
Microsoft work with ENJIN
ENJIN launched EFI efinity
and it's a gaming NFT blockchain..
I'm buying loads of it
DYOR
When will Efinity go uptrend again?Fibonacci spirals could show us trend reversal points.
I will be watching the trend reversal in the middle of February and i hope uptrend will start with great momentum.
Let's see what is going to happen.
Not an investment idea. I just wanted to share my opinion.
EFINITY TOKEN can bounce from this levelHello traders
EFIUSDT is interesting when it's cheap.
In last 14 days, we experiencing -%40.
IMO we can see new high for this pair.
Efinity is the world's cross-chain NFT blockchain.
Powered by the deflationary Efinity Token (EFI),
the network is environmentally friendly, scalable,
and built for games, apps, enterprises, and
creators to deliver their own non-fungible tokens
to mainstream audiences.
Built on Polkadot in partnership with Parity
Technologies and the Web3 Foundation, Efinity is
a new blockchain that's purpose-built for NFTs.
It's a token highway designed to enable a specific
kind of future-where NFTs are as widespread and
easy to use as smartphones today.
EFI add zonesQuite bullish on this but structure just got rekt. You could get some nice returns, would add 30% here on OKEx if i could (but their exchange got rekt in my country) and 40% more if it went down, last 30% after it reclaims bullish territory or even enters the previous channel (might want to TP once it bounces off the bottom of the channel, usually support turns to resistance
Fundamentally metaverse coins are awaiting the rotation. If you can stake them anywhere while awaiting DOT and substrate ecosystem, do so!
EFI Bounce Coming?Efinity is in a good channel right now. I expect a bounce from ~1.50$ level. And hopefully it will reach 2.6-2.7 area in next few weeks. So im a buyer here.
EFIUSDT is moving in a channelEFIUSDT is moving in a channel that may retest his support and bounce back to go further.
1-Always use stop-loss.
2-Do your research.
3-Always for the confirmation before jumping into the market.
Thanks and Happy trading
EFIUSDT - UPDATE - 4Hsee and watch :)
After breaking the resistance in the 4-hour time frame and pullback to it, it seems to be a good opportunity to enter ...
EFI possible ABCD movement?Hello, i was an $ENJ investor. Efi is a project that ENJ team is working on it. So i really believe in this project. My goal is buying EFI from <1.40$ and maybe <1.26$
Patience is the key.
EfinityEfinity formed a descending triangle. Usually a bearish pattern. But it breakout two weeks ago with a low volume. Yesterday, EFI then tested the strong support line again at around 0.70$, and then successfully bounced with a metaverse hype all the way to the 1,22$. The ideal entry would be at the support line - at around 0.70$. So you can wait for this to happen, but with the metaverse hype it may not happen. You could set a limit orders at around 0,75$ or 0,70$. But overall, I think it is good time to buy Efinity even if the price today is up about 15%. Why? Efinity is the NFT project developed by Enjin for the Polkadot ecosystem. EFI is sitting at around 55million market cap. With a metaverse hype and upcoming Polkadot auctions and crowdloans, when Polkadot ecosystem projects could do very well, this project could 10x in the coming weeks or months.
EFIUSDT Technical Analysis⏳ Spot
💎 EFIUSDT has broken above the descending triangle. After the retest it has got rejected from the support line. Now the large green candle shows that the Bulls are back
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.7910 - 0.8100
☕️ TP1 0.9110
🍺 TP2 1.1450
🍻 TP3 1.3615
🍾 TP4 1.6222
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 0.7115
Good Luck 🎲
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EFIUSDTsee and watch :)
In the time of 4 hours after the formation of the wedge pattern and its breakout and then the pullback to it, it has shown a good movement and it is possible to enter into a deal by observing the risk to the desired rivet ...
Efi/Usdt
Long Term Signal
Targets On Chat
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