Price action has improved in the past 24h. My outlook is still neutral in the short term as long as it remains between 2 support and 2.5 the next immediate resistance. This could be seen as an area of accumulation. At the moment the dips below 2 look like bear traps. Watch BTC for guidance. BTC down to 42/40 is the max expected into pullbacks. At the moment it...
Hi traders,
Quick update. 3 and 2.7/2.8 support levels didn’t hold during Sunday’s crash in the crypto space. Next supports are 2.5 and 2.35ish, which used to be previous resistance levels. Ideally we’d want to see a break above the 2.50 again or even 2.8 on the daily chart to become bullish. I am not bearish and i think this is just part of the consolidation...
Plug is in oversold territory. A bounce towards high 30s and even low 40s is due. High 24s/25s are good entry points. Manage risk accordingly. Good luck!
After the huge break out on April 7th to touch an all time high on April 9th, ENJ retraced back to the previous break out zone 2.70/2.80 and it is now consolidating its recent weeks gains in the 50% retracement level from the move from the lows on April 7th to the highs on April 9th. Once this consolidation is over we can expect uptrend to resume towards 4 level...
Hey traders,
ENJ is behaving as expected. Check out my previous analysis after the breakout of the bull flag. Consolidation between 2.35 and 2.50. 2.50 proving to be a strong resistance. A close above it today is very bullish and opens the door to all time high in the short term. Patience is key! Good trading all!
ENJ is currently consolidating after breaking out of the bull flag patterns yesterday. 2.35/2.50ish to become the new floor in the short term. 2.70ish is the next target to be surpassed before 3s are seen again. Stay long!
Enjin coin continues to consolidate after a very strong couple of months. The bullish pattern seems to be playing out right now on most time frames. 2.0, 2.20 level should serve as support in the short term and use to accumulate for the next leg higher above 2.5 before 3s.
