ENJ/BTC "Do-or-Die" moment: Enjin about to break out or crash ?
Enjin has been strong since the Samsung phone news.
It has been spiking off and on but sellers lurk at peaks.
Now beating against a proven Fib cluster of resistance.
Of course one does NOT need Fibs to SEE the reistance.
But what makes it crucial is REASON for that resistance.
With several fibs lined up so tight it was inevitable.
Break through the overhead cluster should trigger stops.
If enough stops are just above, then a cascade is possible.
If there is a short squeeze, then bulls should jump on board.
It has been spiking off and on but sellers lurk at peaks.
Now beating against a proven Fib cluster of resistance.
Of course one does NOT need Fibs to SEE the reistance.
But what makes it crucial is REASON for that resistance.
With several fibs lined up so tight it was inevitable.
Break through the overhead cluster should trigger stops.
If enough stops are just above, then a cascade is possible.
If there is a short squeeze, then bulls should jump on board.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.