Enjin (crash-update)The entire market (crypto and traditional markets such as the NASDAQ composite and the DOW JONES) took a down-ward turn earlier yesterday. There are MANY reasons for this, interest rates being a major one. However, the crypto market seems to have bounced back almost immediately from this drop. From the handful of other altcoins I've studied, including Eth, they have ALL seemed to have formed an ascending triangle (after the down-ward dip.) Most other altcoins (that I've studied so far) are also retracting back up to the previous numbers they were at (before this down-ward trend started.)
If you take this into account, and the recent "ideas" I've created on the previous time-charts (4-hour,3-hour and 1-day), as long as we stay above $2.30 things are still looking good. If ENJ goes above the price target of, $2.50, I would expect the upward trend to continue and bust-out of the LARGER ascending-triangle it was previously charting.
BONUS findings: I've only found a couple of other al-coins that've "recovered" from this dip with a symmetrical-triangle pattern. I am personally trading these as a stronger move, as those seem to have a faster "recovery rate."
