ENJ/BTC might have bottomed? Enjin, rare Alt to keep up with BTC
Updated
As we know, BTC has been sucking al of the oxygen out of the entire atmosphere.
Most Alts have broken "unbreakable" supports and made lower (and ATL) lows.
Enjin however has been actually gaining against BTC for a couple of days now.
The 3.326 can end a moderately powerful wave.
The 4.236 does end many waves or makes a bounce.
The 4.618 can be hit as a capitulation wick before turn.
The bounce from 3.236 to 2.764 while BTC is rocketting: pretty impressive.
Needs to break above 2.618 to confirm end of wave and start of recovery.
Until the 2.618 is bested, the 4.236's Siren Song still rings in Enjin's ears.
Of course this is NOT the place to buy.
Or maybe this is not the COIN to buy?
But worth watching the moves closely.
Most Alts have broken "unbreakable" supports and made lower (and ATL) lows.
Enjin however has been actually gaining against BTC for a couple of days now.
The 3.326 can end a moderately powerful wave.
The 4.236 does end many waves or makes a bounce.
The 4.618 can be hit as a capitulation wick before turn.
The bounce from 3.236 to 2.764 while BTC is rocketting: pretty impressive.
Needs to break above 2.618 to confirm end of wave and start of recovery.
Until the 2.618 is bested, the 4.236's Siren Song still rings in Enjin's ears.
Of course this is NOT the place to buy.
Or maybe this is not the COIN to buy?
But worth watching the moves closely.
Note
We might have 'confirmation' of bottom now We have decent ping on the 3.236. Hourly candles so dancing on it for over 3 hours.
I have been nervous about the 3.236 having been pierced, but this ping is adding confidence. Watching closely.
.
Note
Still unsure of bottom. This is a Fib of the last bounce a good sign is the rhythmic movement,
not so good sign is return to impulse (fib 1.0)
better sign would have been bounce from 1.618 or at lowest 1.236
.
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