ENJIN - Failure to Break over 70 cents = Uncertainty
ENJIN is one of my favorite ALTS and i do have high expectations.
At the same time, failure to rise and test the key 74 cents Resistance brings worries.
Price is in an ascending channel, similar to Bitcoin's
The 49 (technical) - 50 cents (psychological) Support is strong but we do live in very uncertain times. Thus the 31 cents scenario is not to be crossed out completely; not yet.
Structure is still bullish and hopefully this is just a small correction of the rebound.
Breaking over the 74 cents would be a huge technical breakout for ENJIN and it could be possible this week but let's be prepared for everything.
One Love,
the FXPROFESSOR
At the same time, failure to rise and test the key 74 cents Resistance brings worries.
Price is in an ascending channel, similar to Bitcoin's
The 49 (technical) - 50 cents (psychological) Support is strong but we do live in very uncertain times. Thus the 31 cents scenario is not to be crossed out completely; not yet.
Structure is still bullish and hopefully this is just a small correction of the rebound.
Breaking over the 74 cents would be a huge technical breakout for ENJIN and it could be possible this week but let's be prepared for everything.
One Love,
the FXPROFESSOR
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