I'm not giving buy or sell signal, the market is not optimistic to do any trade.
Comment:
Trying to break it yellow resistance.
Trade active:
Sadly it touched yellow resistance and drop down as scenerio 2. It will down to 1600-1700 then move up to try to break it resistance. The yellow resistance is quite strong so those who bought this coin much watch this coin carefully.
Comment:
Fundermental analysis:
ENJ still has 1 big news and 1 exchange announcement which should have announced at the end of Jan. Why shouldn’t they announced yet?
As their perspective, would you announce a good new when everybody is running away from the market ? Think about it. I think dev team are waiting for the market to be optimistic again then they will bring out the good news and this will be a huge bomb.
PS: it still my personal thinking, i rarely trade base on fundermental analysis.
ENJ still has 1 big news and 1 exchange announcement which should have announced at the end of Jan. Why shouldn’t they announced yet?
As their perspective, would you announce a good new when everybody is running away from the market ? Think about it. I think dev team are waiting for the market to be optimistic again then they will bring out the good news and this will be a huge bomb.
PS: it still my personal thinking, i rarely trade base on fundermental analysis.
Comment:
Broke out! Now fall back to the previous resistance to make it the new support.