Crypto is still an infant. The bears are small. Its never been a bear market. We are the biggest bears here. Its psychological. You are who you are because of the choice you've made. BTC is what it is because of us and it always will be. If we think its a bear market then we ARE the bears!!!!
Essentially, looking at the weekly chart, we are now close to the end of wave 2 to of the Elliot principle. Rule is, wave 3 should be the longest with wave 5 the highest point. I tried to keep the targets realistic, but who know what will happen. When the gaming starts to boom, then I think my targets are rather small.
I think ENJ needs some serious down time. The small break out from the wedge was organic, then BTC decided to wake up. Same as the missing Wave 3 when BNB FOMO kicked in the market dumped their ENJ Holdings. I did however get reports of large purchases of ENJ today so I guess we will have to wait and see. AND PLEASE people, head and shoulders is a bearish warning...
So far Enjin has had a good performance with 40% up from the pivot point at 25K sats. ALTHOUGH, of 1 Billion minted coins on the block chain there are only 2.43mil coins left. Currently the 24hr volume is at 54+ mil and the demand keeps increasing. That is pretty impressive. This combined with the current good news released, this coin will fly. And soon. Market...
Right now we can see the breakout pattern started at the end of the wedge. Still waiting for the MA on MACD Signal. A Very small gap before the merge though) But all the other charts are Bullish below 1D. Knowing wedges we should see a similar height as the height of the big wedge. Early entry now, Monday in Asia starts in 3 hours, next candle on the 1D starts in...
