As you can see it the chart, ENJ has a long side way of accumulation zone with btc pair. Last peak of ENJ/BTC is at Mar2019 and try to break resistance again at Apr2021 but both are fail.
Now, We have a first green weekly candle that can stand above resistance (5200 satoshi). (First time)!!!
Metaverse, Gamefi and NFT is a mega trend now and enjin team always focus to integrate all of them.Therefore, It is very interesting to watch out ENJ very very closely.
My theory of enjin movement is
1. Test resistance again by touching around 5200 satoshi and bounce to ATH ( Most likely)
2. Break second resistance (7000 satoshi) weekly green candle has to stand above second resistance(7000 satoshi).
3. Fail break out and back to accumulate zone again. If weekly candle is under 5000 satoshi, I may decide to cut loss.
Hope to get 3-5x like mana and sand did.
Now, We have a first green weekly candle that can stand above resistance (5200 satoshi). (First time)!!!
Metaverse, Gamefi and NFT is a mega trend now and enjin team always focus to integrate all of them.Therefore, It is very interesting to watch out ENJ very very closely.
My theory of enjin movement is
1. Test resistance again by touching around 5200 satoshi and bounce to ATH ( Most likely)
2. Break second resistance (7000 satoshi) weekly green candle has to stand above second resistance(7000 satoshi).
3. Fail break out and back to accumulate zone again. If weekly candle is under 5000 satoshi, I may decide to cut loss.
Hope to get 3-5x like mana and sand did.