Enjin has a symmetrical triangle forming overall.
Currently the price is consolidating and that confirms a potential triple top within the triangle.
Potential price movements have been plotted in green and potential bear bounces off of resistance are in red.
StochasticRSI is indicating a bullish divergence. Currently at ~62. A bounce before 80 will help to signal the triple top pattern is forming.
Volume shows there is selling pressure and we are bearish after the long rally we see in the past 2 hours.
Price will most likely continue to consolidate until it reaches the .382 or .236 fib levels.
Watch for a break to the upside of the triangle, if the volume becomes bullish within the next few hours
Currently the price is consolidating and that confirms a potential triple top within the triangle.
Potential price movements have been plotted in green and potential bear bounces off of resistance are in red.
StochasticRSI is indicating a bullish divergence. Currently at ~62. A bounce before 80 will help to signal the triple top pattern is forming.
Volume shows there is selling pressure and we are bearish after the long rally we see in the past 2 hours.
Price will most likely continue to consolidate until it reaches the .382 or .236 fib levels.
Watch for a break to the upside of the triangle, if the volume becomes bullish within the next few hours
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