I like to keep my portfolio as diversified as possible. I look for coins that are active in different markets, so when one market is not benefitted from using the blockchain I won't lose all investments. Enjin Coin will be my 'gaming' token for 2018. I won't be going in to the fundamentals for now. Technical analysis shows me these targets (based on fibonacci...
I posted recently that Enjin coin might hold it's pennant for support, which by the way it tried to, but was forced down by Bitcoin 4.60% and the overall crypto market. Since then ENJ -0.02% like others has recovered and in my opinion has entered bullish territory again. Looking at the chart is has broken back above the bottom of its overall uptrend channel and...
$ENJ.X looking pretty bullish as it is currently bouncing off the breakout of its former Pennant. I would look to trim some of my position at 0.00003400 and hold some for a breakout above. A safe stop would be around 0.00002400.
After a big run up. ENJ has consolidated above new highs. A new support is formed and can be identified easily. A breakout to the upside is imminent. What are your thoughts? Trade with care.
Target 1: 1500sats; estimated crossing: 1/2-1/4 Target 2: 1800sats; estimated crossing 1/4-1/7