Technical Analysis does not work on TRY due to unstable currency exchange rates. Therefore, according to fundamental analysis, the TRY will reach the highest level again and break it.
The US Dollar is getting stronger in the meanwhile. The current uptrend is just temporary. I believe it will keep depreciating as the main trend is downwards considering USD getting stronger.
This post is for Shibu Army ;)
After the news release that Kraken listed the SHIBU token, we can see a 40% spike in the price. If this flow of positive news will continue the token will rocket however, it may retest first. Another probability: it may not increase or decrease it may just stay at that level for a while (hope it won't happen).
According to the technical analysis, we can see a short-term decrease before another breakout. if the price will retest at the illustrated levels the probability of the breakout is high. Considering impact of metaverse news.
We can see a perfect ABCD Harmonic Pattern, therefore if no external factors will affect the downtrend ENJ might reach the second aim illustrated in the graph.
