As we can see Enj breaking little down trend which was holding since May, and this could be bearflag pattern. I'll be taking profits at those green marks.
Good morning all
We will be looking at the ENJ/USDT pair this time around
Lets begin!
In our previious analysis we pointed out regions where price could bottom out for enjin coin, as shown below;
Price is trading at that level currently and we have ourselves a Regular flat correction in play judging by the price action.
In theory a regular flat has it's C wave...
ENJ update ; potential bottom pivot here
obvious patterns repeating. the exact same bottom has formed here albeit a bit stretched out.
question is, does it hold?
macro pivot point right here.
seems a bit tooooo obvious. break down should also be expected. place your bets.
ENJ ; simple bottoming fractal
last enj idea was sound asf. hit that 200ema and rejected right back down. (linked)
the btc fractal im looking at is showing a double bot, or even a slightly lower low, and usually ENJ dumps HARD so that SHOULD mean a lower lower on ENJ too..
lets see how she plays out!
This is a very fascinating coin at the moment!
Price at the weekly uptrend support zone!
Even though (technically) the overall structure is bearish but we can ignore the presence of such a strong weekly support!
If the price bounces northwards then this might be a very good indication for bullish moves on ENJIN Coin!
I did this in 5min. this is my thesis.
follow the piped piper.
check out march to top. ada and enj played the game very similar. i bet continued delayed replication.
let us find out.
We've been in a strong sell-off & now testing the upper resistance, what makes me think we will see a Uptrend unfold is the RSI, we have created a Triple Bottom which usually leads to a bullish trend.
If we were to fall to the $1.50 resistance then we would see a Consolidation or Bearish trend unravel Tuesday into Wednesday.
