Current Enjin Coin bull run will peak at $1 near March 25
Updated
Disclaimer: I am completely new to trading and this is just for fun and learning.
I have read that bitcoin follows a 4-year bull run cycle, and the patterns in price movement repeat for every run: Enjin Coin may have its own bull run cycle. Enjin Coin's recent abrupt volume peak and price movement closely resembles the beginning of Enjin Coin's previous bull run. If this pattern continues, some basic number crunching shows me that the current bull run may peak at $1 near March 25th. What do you guys think?
I have read that bitcoin follows a 4-year bull run cycle, and the patterns in price movement repeat for every run: Enjin Coin may have its own bull run cycle. Enjin Coin's recent abrupt volume peak and price movement closely resembles the beginning of Enjin Coin's previous bull run. If this pattern continues, some basic number crunching shows me that the current bull run may peak at $1 near March 25th. What do you guys think?
Comment
If the previous bull pattern is indeed repeating, then we may even see a temporary dip down to 0.12 by March 12th before resuming a wildly swinging bull run.Comment
The price dipped down to 0.145 on March 12th. Maybe this difference indicates that the peak will be higher than 1.00, closer to 1.20 (or maybe I'm reaching XD). Anyways, if the price action follows the previous bull run as hypothesized, we should see a sideways trading for a week and then price will slowly start to ascend visibly on March 20th.Comment
I think I missed an important move. There should be a quick rise up to around 0.31 happening very soon before the sideways trading I mentioned. Comment
Looking back, I think this was a stupid idea. I'm pulling outDisclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.